Parliamentary Friends of Blockchain
CoinLoft were proud to attend the Parliamentary Friends of Blockchain
official launch in Canberra this week. The bipartisan group has been formed by senate representatives from the Labor and Liberal parties. We believe this is an important step to bring awareness of blockchain and digital currencies to the government. continue reading at SmartCompany.com.au reading...
Bitcoin hard fork - 1st Aug - outage
On the 1st of August 2017 there will be a hard fork of the bitcoin network, this will introduce a new currency called Bitcoin Cash. During the hard fork there will be a period of instability and uncertainty, most exchanges and liquidity providers will be offline during this period. CoinLoft will not be trading on Tuesday 1st of August (AEST) and will begin trading again when the network is stable and we have access to liquidity. Ethereum will not be affected by this outage.
No ETF for Bitcoin – What Now?
As predicted by many analysts, the decision by the US Securities and Exchange Commission (SEC) to not approve the ETF for bitcoin came through late on Friday afternoon (US time). continue reading...
How will the ETF affect Bitcoin?
As we await the decision on the Winklevoss proposed Exchange Traded Fund (ETF) for bitcoin, speculation on its impact is a hot topic in the industry. The proposal could bring in major funds for the popular cryptocurrency, but also may affect the rate at which its value fluctuates. Here, we take a look at what an ETF approval on 11th March 2017 could mean for the future of bitcoin. continue reading...
ADCA Blockchain APAC Conference
We are pleased to be able to offer a special discount to attend this year’s APAC Blockchain conference in Sydney from 7-9 March. With support by the ADCCA, the event will bring together business leaders and disruptive start-ups at the forefront of using and testing both Blockchain and Bitcoin’s potential. continue reading...
Offline Bitcoin Storage
You may already have a bitcoin wallet installed on your mobile phone to both store and spend bitcoin. This is generally the most common, user-friendly approach and effective for day-to-day bitcoin use, but it’s a good idea to understand some of the other methods of bitcoin storage. There are plenty of options but for this post we wanted to take a specific look at one of the best ways of providing a higher level of security, taking your bitcoin offline. continue reading...
We are happy to announce that we have partnered with POLi payments to allow our valued customers to pay for orders using Internet banking. With instant processing and a focus on ease of use, the new POLi purchase option provides an great method for Australians to purchase bitcoin from the comfort of their home. We hope this new feature helps to increase both bitcoin awareness and adoption. This reflects the our consistent focus on lowering entry barriers to digital currency ownership throughout Australia.
Making sense of the Bitcoin / Blockchain relationship
Coverage of blockchain technology and blockchain innovation has exploded over the last six months and as a term has become impossible to miss in the mainstream and bitcoin media. Recent investment has received much of the attention as businesses begin to announce funding and research into blockchain applications. The relationship between blockchain technology and Bitcoin can sometimes be taken for granted in the growing coverage, so we hope to provide a clear explanation of the relationship. continue reading...
The halving is coming
By now you may have heard about the upcoming halving event within bitcoin, it’s a big deal and coming up fast with the current countdown predicating 9th of July for the big day. We want to take a moment to explain the event for those left scratching their head. continue reading...
Ethereum - now available
Ethereum is an exciting project with great potential in the area of smart contracts. ETH has been getting a lot of attention in recent months and we are proud to offer our customers this option. ETH can be purchased using both cash deposit and Flexepin vouchers.
Various stories about bitcoin exchange igot are doing the rounds. It is not totally clear what the actual state of the company is but this latest news has certainly brought bitcoin and the lack of regulation of bitcoin companies into the spotlight again. One of our co-founders spoke with fairfax reporter Georgia Wilkins in relation to the igot case. You can read the article here.
CoinLoft is a member of the Australian Digital Currency & Commerce Association (ADCCA). This association and its members are working hard to formulate a Digital Currency Industry Code of Conduct which will provide externally audited reassurance to consumers that they are dealing with a business with strong consumer protection processes in place. These include privacy and data security standards and membership of an external dispute resolution scheme. It should be noted that igot is not a member of ADCCA.
Flexepin vouchers - payment method
The CoinLoft team is excited to announce the introduction of Flexepin vouchers as a new payment method. You can use Flexepin vouchers for all kinds of online purchases and now that includes Bitcoin. CoinLoft has been working hard with the team at Flexepin to bring you this alternative to bank deposits and we hope it will prove to be a popular option.
Simply purchase your Flexepin vouchers at one of the many available locations, select the purchase with voucher option on the CoinLoft website and enter your voucher PIN along with the other required details. We will verify your PIN and process your order instantly. No more waiting for bank deposits to come through. You can read more about Flexepin at www.flexepin.com
and the official press release here.
CoinLoft updated website
We have made some changes to our website, don’t worry we are the same company, same people and provide the same great service. The new site is easier to use and works better on mobile devices. We are also launching some new and exciting features in the weeks to come, so stay tuned for some future announcements.
We endeavor to provide our customers with an easy to use and fast way to purchase bitcoin, we are happy to receive feedback and feature requests from our customers so feel free to drop us an email and let us know how we can improve our service.
Backpage goes Bitcoin
Recently, both MasterCard and Visa closed ranks and terminated payment services to major classified ads website backpage.com. The move comes after the payment providers were pressured by Cook County, Illinois Sheriff Tom Dart to cease payments due to allegations of illegal activity being undertaken on backpage.com. Backpage General Counsel Liz McDougall responded to the Huffington Post, stating that they worked with law enforcement to deter any such activity.
The effects of this action were not restricted to the US. Here in Australia, local Aussies conducting a legitimate business have effectively been cut off from their advertising stream due to the actions of an Illinois sheriff. Of course Visa and MasterCard are private companies and as such have the right to take this action if they see fit.
Backpage is offering bitcoin as a payment method and this situation serves to hi-light the power of the digital currency, which is not controlled by any central authority and therefore cannot be arbitrarily blocked in this manner.
The CoinLoft team are proud to provide bitcoin services to individuals wishing to obtain bitcoin for legal purposes. We have recently developed some easy to follow guides for newcomers to bitcoin. The guides can be found on our FAQ page.
CoinLoft Joins ADCCA
The team at CoinLoft are very happy to announce that we have joined the Australian Digital Currency Commerce Association (ADCCA) as an industry member. ADCCA is the country’s leading council and representation of and for digital currency businesses along with other key industry participants. The organisation’s founding mandate is to act as the essential connection between merchants, industry, governments, regulators, financial institutions and influential policy forums which give direction to this emerging industry at home and abroad. We believe that membership of ADCCA will benefit both CoinLoft and the bitcoin community in general by helping us to build a sustainable long term bitcoin business.
CoinLoft mentioned on CoinTelegraph
We are honoured to have CoinTelegraph run an article on CoinLoft. The full article can be found here.