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Provable Solvency Report #62 – May 2019



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):

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

Transaction ID: c91158b6dad7794072d2a6d06ca3e8496d81e564ad2d1c8850ae582760d1fe07

View the transaction here:

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:

2. Go to 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

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:

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



Bitfinex Opens Trading for Two of Europe’s Largest Stock Indices



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BTC Analysts Believe A Short-Term Upside Is Possible: Opinion




BTC Analysts believe that a short-term upside for the number one cryptocurrency is possible as it consolidated around $10,700. The coin surged higher along with a positive open in the legacy markets and the price of the coin is now hovering above $10,900 which is the highest one in a week as we reported in the bitcoin price news earlier.

BTC Analysts believe that Bitcoin could have some more room to grow to the upside as it recaptures resistances in the $10,000 region. During the move higher, millions were liquidated across margin platforms which suggests that there are traders that are in a good position before the open of legacy markets. Analysts believe that Bitcoin will extend higher in the close term. One analyst even shared a chart below showing the importance of the ongoing move higher.

Bitcoin is breaking higher now as the charts suggest which means that it will soon go to test the resistance levels of $11,200 and $11,400 where the cryptocurrency crashed a few times during the bearish retracements in August. The chart noted that after the rally towards this level it could return to levels of $10,600 which is in line with the sentiment shared by other analysts that BTC is in a period of a market cycle where it will consolidate more for weeks instead of establishing a firm direction. Bitcoin’s medium-term however could be bleak.


btc chart
Chart of BTC’s price action over the past few weeks with analysis by crypto trader Inmortal Technique. Chart from

Josh Olszewicz, an analyst at Brave New Coin, reported that the weekly MACD for the number cryptocurrency is red for the first time since April which only suggests that the medium-term sentiment could be bearish despite the recent price action to the upside. The correction in the medium-term will alight with the normal uncertainty that markets see in a time of presidential elections along with the seasonal weakness that is usually seen in November and October.

Bitcoin stayed above the $10,000 as we reported a day ago in our Bitcoin news, that support and started a decent recovery wave but the price is trading still above the $10,550 resistance and the 100 simple moving average. There was also a key bearish trend line broken with the resistance at $10,600 on the 4-hour charts of the pair. The pair will likely continue higher if there’s a clear break above $10,800. Over the past week, BTC found support above the $10,100 level against the US dollar and remained well bid above the $10,200 level when it started a steady recovery wave.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]


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Bitwise Bitcoin Fund Doubles to $9M as Investor Fears Grow Over Runaway Inflation



Accredited investors worried about out-of-control inflation have poured millions into Bitwise’s bitcoin fund as a means to preserve the value of their portfolios.

An amended filing with the Securities and Exchange Commission (SEC) last week showed the asset manager had raised, in total, just under $8.9 million for its Bitcoin Fund, which provides accredited U.S. investors with exposure to bitcoin through a traditional product.

This marks the single-largest increase in assets raised in the fund’s two-year history. A filing from 2019 shows the Bitcoin Fund had attracted $4.1 million in investment, meaning the fund has more than doubled in size in the past year.

While bitcoin has come on in leaps and bounds in its acceptance among the traditional investment community, Bitwise’s head of research, Matthew Hougan, told CoinDesk the more immediate cause for the surge in the fund’s size came from concerns over runaway inflation.

“With the unprecedented expansion of the Fed’s balance sheet, the radical amounts of fiscal stimulus, and the Fed’s new and significantly more dovish inflation policy, [Bitwise clients] are looking for a hedge,” he said in an email.

“Bitcoin is the most efficient hedge for inflation that exists in today’s market,” he added.

Fiscal stimulus has become a favored tool for governments and central banks as they battle to keep economic activity alive in the wake of the pandemic. The Federal Reserve initially pumped more than $2.8 trillion into the economy and dropped interest to rock-bottom rates.

As Congress debates another $2.4 trillion stimulus package in the run-up to the November elections, Fed chair Jay Powell said this month that the central bank was unlikely to tighten monetary policy for at least three years and will even tolerate inflation above the 2% target in order to make up for the drop in consumer prices during the peak of the pandemic.

Hougan said that many of Bitwise’s clients were financial advisors who serve wealthy investors, themselves wary about the debilitating effects inflation can have on their portfolios. Many investors see Bitcoin’s fixed supply of 21 million as a means to preserve value in the event loose monetary policy leads to runaway inflation.

Indeed, other fund managers have experienced similar surges in demand from the same stratum of well-heeled investors. In the summer, $250 million found its way into three funds run by the New York Digital Investments Group (NYDIG); Pantera Capital told the SEC in August it had received nearly $165 million in placements from qualified investors – those worth at least $5 million.


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