Fiat Current Accounts

Last month, we launched the roll out of Fiat Current Accounts through FCA regulated partner, Enumis. These accounts allow corporate customers to access cutting edge fiat accounts with a number of features including Faster Payments, API Access, Direct Debits and Debit Cards.

Website design update

We recently made a number of updates to the website. Beyond various design and copy improvements made based on customer feedback, we also have begun an update to our trade engine order book pages. Changes include the first iteration of the new look exchange page. We have also removed the “Market Order” tab on the trade page due to the vast majority of our clients opting to use the safer “Limit Order” functionality.

Please keep an eye out for further improvements in our trading interface and website over the coming few months.

Removal of two order book asset pairs

We regularly review all of our digital asset pairings, looking at a number of factors including client demand and trade volumes. Following this analysis, we have decided to discontinue the XBT/USD and BCH/GBP order books.

These order books will be discontinued between 19:00 and 23:00 UTC on 15th
June during scheduled maintenance of the website and API.

We will continue to process withdrawals of Bitcoin Cash (BCH) as normal up until the end of July 2019. After this we will move to processing BCH withdrawals once a week until the end of September 2019. Any withdrawals that are placed after this time will be processed monthly and an administration fee will be levied.

N.B: Over the Counter (OTC) trades for BCH/GBP and XBT/USD will continue to be available.

We are very excited for you to see all the updates we will be rolling out over the next few months and welcome your feedback.

Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today we are publishing our 62nd monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

As of today, Coinfloor holds a total of 4,121.1897 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.

What does the Provable Solvency Report include?

We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 4,170.6431 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.

Key Pieces of information:

Provable Solvency Report #62 (May 29th, 2019):
https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190529.txt

SHA-256 Hash of the Provable Solvency Report: 64BF0AAC619BE4A5E4D848D6055EA41554D3ED265AFEFB2D30AB2ADBED100C7C

Transaction ID: c91158b6dad7794072d2a6d06ca3e8496d81e564ad2d1c8850ae582760d1fe07

View the transaction here:
https://explorer.bitcoin.com/btc/tx/c91158b6dad7794072d2a6d06ca3e8496d81e564ad2d1c8850ae582760d1fe07

Your API authentication cookie:
You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report file:

https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190529.txt

2. Go to

https://passwordsgenerator.net/sha256-hash-generator/ or to your SHA256sum calculating application.

Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

3. Go to

https://explorer.bitcoin.com/btc/tx/c91158b6dad7794072d2a6d06ca3e8496d81e564ad2d1c8850ae582760d1fe07

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balance within the Solvency Report:

1. Go to

your local SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1559120352) and your API authentication cookie.

Example (Linux):

    timestamp: 1559120352

    API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

    command: echo -n ‘15591203529BTa7M0Z/Mrk6tFMJwEkTV3BQek=’ | sha1sum

(the command may differ depending on the SHA1sum application used)

2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:

http://www.satoshi.24ex.com

We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.

Thank you for your trust,

Coinfloor Team

What have Coinfloor announced?

Today Coinfloor have announced a partnership with one of the longest established FCA authorised electronic money institutions, Enumis, to offer fiat current accounts.

The new offering is part of Coinfloor’s wider strategy to build a trusted, reliable and secure set of cryptocurrency financial services to bridge the fiat and crypto worlds.

Why is this important?

Speaking of the new offering, Obi Nwosu, Founder & CEO of Coinfloor said: “Crypto-focused businesses are growing at a steady pace, but until now, no reliable banking facilities have existed to help them manage fiat and crypto finance operations in an effective manner. Our partnership with Enumis will ensure that this will no longer be an issue.

With our joint pedigree and market expertise in the cryptocurrency and financial services spaces, we hope that this offering designed by members of the crypto community for the community will help the community of crypto businesses overcome their financial limitations and drive the crypto economy forward.”

Who is this service for?

The service is aimed at businesses operating in the crypto space and has been created specifically to meet the demand for a trustworthy domestic fiat current account on the Faster Payments network.

How does it work?

The crypto-friendly current accounts will allow for the deposit and withdrawal of funds via CHAPS, BACS and, 24 hours a day, UK Faster Payments. The Coinfloor-Enumis fiat current account will also allow clients to reduce costs with free GBP deposits and withdrawals into and out of their Coinfloor accounts.

What are the specific features?

Clients may access their account 24 hours a day online and will be able to undertake regular banking functions, such as setting up Direct Debits and Standing Orders. Advanced features, including programmatic API access for account automation, are also available. All current account holders will have access to Prepaid/Debit cards providing a 0.2% rebate on all transactions.

When is it available?

Applications are now open. Please click here for more information.

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Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today we are publishing our 61st monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

As of today, Coinfloor holds a total of 4,373.9570 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.

What does the Provable Solvency Report include?

We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 4,386.9236 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.

Key Pieces of information:

Provable Solvency Report #61 (April 23rd, 2019):
https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190423.txt

SHA-256 Hash of the Provable Solvency Report: 61E9889A1AE35FB8B7C262F3344B82B2B835929A4B522D9109A349ED6554E466

Transaction ID: 79c0383df1635ef6f95772a746754c250c229137f72887510703104df789e6d6

View the transaction here:
https://explorer.bitcoin.com/btc/tx/79c0383df1635ef6f95772a746754c250c229137f72887510703104df789e6d6

Your API authentication cookie:
You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report file:

https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190423.txt

2. Go to

https://passwordsgenerator.net/sha256-hash-generator/ or to your SHA256sum calculating application.

Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

3. Go to

https://explorer.bitcoin.com/btc/tx/79c0383df1635ef6f95772a746754c250c229137f72887510703104df789e6d6

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balance within the Solvency Report:

1. Go to

your local SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1556017367) and your API authentication cookie.

Example (Linux):

    timestamp: 1556017367

    API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

    command: echo -n ‘15560173679BTa7M0Z/Mrk6tFMJwEkTV3BQek=’ | sha1sum

(the command may differ depending on the SHA1sum application used)

2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:

http://www.satoshi.24ex.com

We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.

Thank you for your trust,

Coinfloor Team

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Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today we are publishing our 60th monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

As of today, Coinfloor holds a total of 4,532.9639 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.

What does the Provable Solvency Report include?

We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 4,671.9570 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.

Key Pieces of information:

Provable Solvency Report #60 (March 19th, 2019):
https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190319.txt

SHA-256 Hash of the Provable Solvency Report: 76317D6B10758EB9D3ED459482323FD5C7F1AAD5841C6C0C98C26CF4036FB143

Transaction ID: 64289aa946d94298a796e4c0769cc8b9b5bda180c6060d7efa6e867f86fcaad1

View the transaction here:
https://explorer.bitcoin.com/btc/tx/64289aa946d94298a796e4c0769cc8b9b5bda180c6060d7efa6e867f86fcaad1

Your API authentication cookie:
You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report file:

https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190319.txt

2. Go to

https://passwordsgenerator.net/sha256-hash-generator/ or to your SHA256sum calculating application.

Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

3. Go to

https://explorer.bitcoin.com/btc/tx/64289aa946d94298a796e4c0769cc8b9b5bda180c6060d7efa6e867f86fcaad1

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balance within the Solvency Report:

1. Go to

your local SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1552992078) and your API authentication cookie.

Example (Linux):

    timestamp: 1552992078

    API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

    command: echo -n ‘15529920789BTa7M0Z/Mrk6tFMJwEkTV3BQek=’ | sha1sum

(the command may differ depending on the SHA1sum application used)

2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:

http://www.satoshi.24ex.com

We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.

Thank you for your trust,

Coinfloor Team

Follow the Google+ page or Twitter for the latest dev news.We are pleased to release Litecoin Core 0.17.1 release candidate. This is a...