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Swyftx launches âEarn and Learnâ â paying Aussies to learn about crypto scams
Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch.
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Australian exchanges dispel debanking fears amid Binance saga, but risks loom
Australian crypto exchanges report no problems with their payment providers but the lack of local laws means more debanking incidents canât be ruled out.
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Swyftx to chop its âEarnâ program this week, citing murky regulations
Swyftx to chop its âEarnâ program this week, citing murky regulations
Australian crypto exchange Swyftx has decided to close its Earn program due to a lack of clarity around crypto products regulation.
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Australian-based crypto exchange @swyftx has laid off a total of 90 staff members, which it said was in preparation for a âworst-case scenarioâ caused by the fallout of FTX and a potential fall in global trading volumes next year. A Swyftx spokesperson told Cointelegraph that the 35% staff cut was also in anticipation of a fall in trading volumes, despite these figures increasing in November. âWe have let go of staff in expectation of a potentially sharp fall in global trade volumes in the first half of 2023 and further aftershocks from FTXâs collapse,â said the spokesperson. The Swyftx spokesperson reiterated that the companyâs balance sheet remained intact despite it being indirectly affected by the FTX collapse. #Stoccoin #Swyftx #FTX https://www.instagram.com/p/Cl0Q0iXpVMr/?igshid=NGJjMDIxMWI=
1M Aussies will enter crypto over the next 12 months â Swyftx survey
1M Aussies will enter crypto over the next 12 months â Swyftx survey
The findings come from the Annual Australian Crypto Survey, commissioned by Australian crypto exchange Swyftx.
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Aussie exchange Swyftx cuts staff by 21% amid bear market
Aussie exchange Swyftx cuts staff by 21% amid bear market
Australian crypto exchange Swyftx highlighted inflation, a recession, and the bear market as the reasons behind the unfortunate lay-offs.
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Aussie FPA supports 'crypto rule book' and regulation of exchanges
Aussie FPA supports âcrypto rule bookâ and regulation of exchanges
Swyftx co-CEO Ryan Parsons echoed the calls from the FPA, noting that âOur preference is for crypto platforms to operate within the existing financial services licensing framework.â
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