Coinfloor's Monthly Proof Of Solvency
Coinfloor, a London Based Bitcoin Exchange, holds all funds in cold storage. In addition to the cold storage of all client funds, all transactions are cleared through a multi-sig system where multiple keyholders check to be sure the transactions are legitimate prior to sending them out. Multi-signature wallets require more than one signature in order to send out a transaction; this drastically increases security against theft for any companies dealing with large amounts of Bitcoin. As an individual user or very small Bitcoin business, it might not make sense to use a multi-sig wallet.....
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UK-based bitcoin exchange Coinfloor announced a slew of new updates today, including an over-the-counter (OTC) market for large, institutional bitcoin traders and a "proof of solvency" audit process. Coinfloor is now also offering 0% commission for all clients for 60 days. The service updates notably follow the exchange's re-opening of user registration on 27th March, which had been delayed since November. Perhaps most notable of the announcements was the opening of the OTC market, which Coinfloor suggested would pave the way for institutional investors to begin exploring bitcoin. Said....
London's biggest Bitcoin exchange Coinfloor has announced the launch of the world' first exchange-backed Bitcoin marketplace - Coinfloor Market. With Coinfloor Market, retail investors and consumers in the United Kingdom will be able to buy Bitcoin in a safe and secure environment. According to MarketWatch, Coinfloor recently met with UK's top Bitcoin brokers to bring about this marketplace and to accelerate the mainstream adoption of this digital currency. Coinfloor CEO, Mark Lamb said,
Bitstamp proves Bitcoin solvency. On Saturday, 5/24/14, Bitcoin exchange Bitstamp proved their Bitcoin reserves to BitcoinJ developer Mike Hearn. Mike Hearn is a former Google engineer that has been with the Bitcoin community for many years and has a strong reputation. Bitstamp announced their Proof of Reserves via a report released yesterday. Unfortunately, Proof of Bitcoin Solvency is a far cry from a full financial audit, a point that Bitstamp is quick to acknowledge. Bitstamp is leading the charge for Bitcoin exchange transparency and has committed to more Proof of Solvency tests and a....
UK-based bitcoin trading exchange Coinfloor launched its services on 27th March, meaning users are now able to register to trade pound sterling for bitcoin via the platform. Coinfloor had originally aimed to start services on 5th November, but experienced delays due to technical problems. Coinfloor is now Live! - registration is open at http://t.co/Yvaxd7CeTS. - Coinfloor (@Coinfloor) March 27, 2014. Notably, the company has recognized the impact of the delay, and is offering an incentive program to those who submitted verification documents in November. Coinfloor indicated these exchange....
Updated with comment from Coinfloor. UK-based bitcoin exchange Coinfloor is now accepting domestic deposits via local bank transfer in an effort to accelerate its local payments services. The feature was brought about by popular demand thanks to a Coinfloor customer survey that found that the majority of Coinfloor's users (47%) would like to see faster local payments. Coinfloor also credited its customers with helping it continue to improve its services, stating: "The trust, support and feedback of our users has played a significant role in our course of action and focus over the last two....