Swyftx, an Australian tech venture, has begun a ‘Learn and Earn’ program to encourage understanding of the crypto-market, with rewards for participants. However, the initiative could inadvertently encourage naive investment. Nevertheless, with courses designed to identify scams, Swyftx aims to improve crypto literacy and discernment in a market filled with digital currencies and potential frauds.
Search Results for: Swyftx
Swyftx’s Earn and Learn Initiative: A Futile Effort or a Step Towards Secure Crypto Future?
Australian crypto exchange Swyftx has launched an “Earn and Learn” initiative that rewards users for completing courses about common cryptocurrency scams. This program is part of an effort to increase crypto knowledge and safety, and reduce individuals’ vulnerability to crypto fraud. Despite criticism, the exchange believes that education is key to safer and more informed participation in the volatile crypto market.
Swyftx Lists BONE Token Amidst Shibarium Speculation: Impact on Shiba Inu and BONE Prices
Swyftx, a popular crypto exchange in Australia and New Zealand, recently listed Bone ShibaSwap (BONE) token on its platform. As the Shibarium Layer-2 blockchain’s governance and gas token, BONE has gained attention, but saw a 3% drop in trading since its listing. The Shiba Inu community remains optimistic, awaiting updates on Shibarium’s release.
Combatting Scams in Crypto: Open Communication and Regulatory Aid Makes Waves in Australia
With a rise in digital currency scams, crypto exchanges are focusing on “breaking the trust” between victims and scammers. Solutions include automated and manual Anti-Money Laundering checks, education, and communication. However, fighting scams requires a collective effort involving crypto users, exchanges, regulators, social media platforms, banks, and more.
Shiba Inu Whales Stir Market: Is SHIB Rally Temporary or Long-Term Phenomenon?
The largest Shiba Inu whale accumulated an additional 1.5 trillion SHIB tokens from Binance and Coinbase, leading to a 3% price increase in the last 24 hours. However, decreased trading volume hints at potential short-lived enthusiasm, making it crucial for investors to weigh pros and cons carefully.
Asian Adoption Surge: WeChat’s BTC Move and Hong Kong’s Crypto Exchange Impact
The crypto market faces decreased institutional interest and deflated enthusiasm despite retail investors adding stability. Chinese app WeChat added BTC price quotes, and Hong Kong allowed retail crypto trading on regulated exchanges, signaling increased Asian adoption, and possible market tailwinds.
Bitcoin’s 21% Discount on Binance Australia: Panic Withdrawals & Future Consequences
Bitcoin is trading at a 21% discount on Binance Australia as users rush to cash out into AUD before withdrawals close on June 1. The exchange previously suspended AUD services due to a decision by its payments provider, resulting in heavily discounted BTC prices. Binance is currently seeking an alternate provider to continue offering AUD services.