Swyftx to chop its ‘Earn’ 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. Go to Source Powered by WPeMatico
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Swyftx cuts 40% of staff as it braces against ‘worst-case scenario’
The Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout. Go to Source Powered by WPeMatico
Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit
46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low as $963 per unit this year, and they also expect ethereum to … Read more
Customer support staff swamped during market swings — exchange execs
Binance Australia’s CEO says it is imperative that customer support is ready for a large influx of customer inquiries at any moment. Go to Source Powered by WPeMatico
1M Aussies will enter crypto over the next 12 months — Swyftx survey
The findings come from the Annual Australian Crypto Survey, commissioned by Australian crypto exchange Swyftx. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Experts reveal what Tesla’s $936M sell-off means for Bitcoin
Telsa CEO noted that the sale “should not be taken as a verdict on Bitcoin” and is “certainly open to increasing our Bitcoin holdings in the future.” Go to Source Powered by WPeMatico
Aussie FPA supports ‘crypto rule book’ and regulation of exchanges
Swyftx co-CEO Ryan Parsons echoed the calls from the FPA, noting that “Our preference is for crypto platforms to operate within the existing financial services licensing framework.” Go to Source Powered by WPeMatico
BTC Markets becomes first Australian crypto firm to get a financial services license
While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations, which may help it gain other complementary certifications. Go to Source Powered by WPeMatico
Crypto-stock trade pairs in the cards as Swyftx inks $1.5B merger with Superhero
Speaking to Cointelegraph on Wednesday, Swyftx co-CEO Ryan Parsons revealed that its long-term plans are to explore ways to offer trading between traditional and crypto asset classes. Go to Source Powered by WPeMatico
