Exchanges Roundup: Startup Targets Crypto Micro-Investments, Kraken Denies Halifax Closure
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Australian Startup to Facilitate Micro-Investments in Crypto Markets
Bamboo, a Perth-based startup, has declared its intention to facilitate micro-transactions into cryptocurrencies through its app. the corporate plans on launching in Australia and therefore the us later this year.
Phil George, the chief government and co-founder of Bamboo, stated: “Our platform aims to produce access to totally different investment opportunities like cryptocurrencies,” adding: “We needed to create product and tools that created it straightforward for anyone to urge concerned [with cryptocurrencies]. we tend to decision it democratizing finance. […] Robinhood is associate application that creates it easier to trade shares during a manner that’s as powerful as platforms that you simply required $100,000 simply to trade on. currently you'll be able to be intimate with simply $5.”
Mr. George conjointly indicated that Bamboo intends to expand to focus on rising markets within the future, stating: “A ton of the third-world nations ar as eager, if no more eager, as a result of the barrier to entry is therefore low with the app that everybody looks like they need a chance to be a section of it, and that they do. […] i assume what’s next is however sharply will we tend to begin new markets that perhaps others have unnoticed as a result of they don’t have an enormous income and that they don’t have an enormous quantity of individual wealth. That doesn’t mean that they shouldn’t be afforded an equivalent chance.”
Kraken Denies reported workplace Closure in Canada
Major United States-based cryptocurrency exchange, Kraken, has denied recent rumors current on social media claiming that the exchange would be ceasing operations at a service center facility in Halifax, Canada thanks to a security concern.
The rumor is believed to possess originated from a post on Reddit stating: “Kraken Currency exchange in Halifax unit 102 at sixty Highfield park drive has simply arranged off many folks in response to a security breach.” what is more, the post alleged there was “a big commotion happening” with “private security […] escorting folks off the premises when creating in eating house, get told that thanks to volumes being down (both mercantilism and support ticket), and in light-weight of the gap of a replacement workplace in Asia, we want to cut back prices, and closure of recently employed (
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