Fun

News Feed - 2023-09-05 02:09:01

Martin Young3 hours agoSwyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scamsAustralian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch.1895 Total views21 Total sharesListen to article 0:00NewsJoin us on social networksAustralian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams. 


The new educational platform will launch on Sept. 6 and comes amid heightened attention over crypto-related scams in Australia.


Swyftx’s head of corporate affairs, Tom Matthews, said the aim is to better equip the public with knowledge until such a time the industry is fully regulated. It would also serve to help people better understand the crypto market and reduce their susceptibility to scam coins.


Matthews told Cointelegraph that the platform will help users identify different scams, such as those involving spurious tokens, pig butchering and other social media cons, and pump-and-dump schemes.“Cryptocurrency scams exist but there’s frustration within the industry around how often this term is bandied about when what people are actually talking about are traditional scams, which happen to involve digital assets.”


Additionally, the courses will give users an “at a glance” checklist to consider when looking at tokens to assess their utility, he said, adding:“This includes areas like the background of their founding teams, the strength of their tokenomics, any weaknesses in the project, the strength and profile of their VC backing, the financials and tokenomics, and understanding the project’s goals and relevance.”


The exchange, which claims to have 660,000 customers, identified a big rise in demand for crypto education during the bear market.


The first 4,000 people to successfully complete the first course on fundamental analysis will receive five Australian dollars ($3.20) in Bitcoin (BTC), with 100 Australian dollars ($64.30) in total rewards available to each participant over the next 12 months.


The firm is anticipating up to 80,000 Australians to participate, he said.


Matthews said that the demand for more education has been largely driven by the high level of grassroots crypto adoption in Australia, adding:“The demand for quality educational resources is close to exponential at the moment. The next market cycle will be driven by knowledge, not hype and people are now far more aware of the risks around token scams or failures in the wake of Terra/Luna.”


Zac Povolny, co-founder of Australian investor education and research platform Investified and a contributor to some of the courses, said, “With thousands of digital asset opportunities to invest in, it’s important to have the skillset and education to cut through and identify assets with real utility and staying power.”


Many lack the fundamentals necessary for a sustainable project, he added.


Related:Crypto and blockchain education becomes priority at top universities


Globally, several major exchanges such as Coinbase have launched similar educational platforms with crypto incentives. Binance also offers crypto-earning opportunities through its Academy section.


Coinbase Earn went live in late 2018 offering a handful of altcoins such as ZRX, ZTX, GRT, and COMP for completing short educational courses on the respective assets; however, it was often over-subscribed at the time.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Hall of Flame: Wolf Of All Streets worries about a world where Bitcoin hits $1M# Australia# Adoption# Cryptocurrency Exchange# Bitcoin Scams# Scams# ExchangesAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?When will it be too late to invest in Bitcoin?Bitcoin ETF applications: Who is filing and when the SEC may decide

News Feed

XRP Price Enters Perfect Setup After Buy Retest – Next Stop $3.7
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Brandt Says DOGE Bear Market Is Over, Kiyosaki Advises Buying BTC ‘Before Fed Pivot,’ Bitcoin.com Backed Ramírez Challenges for WBA Boxing World Title — Week in Review
Brandt Says DOGE Bear Market Is Over, Kiyosaki Advises Buying BTC "Before Fed Pivot," Bitcoin.com Backed Ramírez Challenges for WBA Boxing World Title — Week in Review In this w
Tom Brady’s Autograph NFT Agency Gets $170 Million in Series B Funding Round
Tom Brady"s Autograph NFT Agency Gets $170 Million in Series B Funding Round Autograph, the NFT agency co-founded by famous NFL player Tom Brady, has raised $170 million in its ser
Ebay Expands Into NFT and Web3 Space With New Job Openings
Ebay Expands Into NFT and Web3 Space With New Job Openings The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT)
Rakesh Upadhyay6 hours agoPrice analysis 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTCThe weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term.1973 Total views2 Total sharesLis
Unnamed presale address amasses $33M SOL in an hour
Zoltan Vardai10 hours agoUnnamed presale address amasses $33M SOL in an hourThe ambiguous, 24-hour presale promised a bigger allocation for early investors without disclosing any specifics on the project.6812 Total views
Aave launches proposal to counter MakerDAO DAI expansion risk
Amaka Nwaokocha1 hour agoAave launches proposal to counter MakerDAO DAI expansion riskThe proposal aims to lower risks with minimal user impact, as only a tiny portion of DAI is collateral on Aave, and users can switch t
Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes
Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number
Qatar Central Bank Studying Digital Banks and CBDCs
Qatar Central Bank Studying Digital Banks and CBDCs Qatar Central Bank is presently examining the possibility of issuing a digital currency as well as digital bank licensing, an of
William Suberg9 hours agoBitcoin spending copies history as metric flags ‘1st stage bull market’Bitcoin on-chain spending is heating up and, so far, is “rhyming” with past BTC price cycles.5384 Total views49 Tota
Bring Your AOZ NFT to Life! Claim Your Free Soul
Bring Your AOZ NFT to Life! Claim Your Free Soul sponsored From the moment you minted the selected AOZ citizen NFT, we believe a bond has been created between you and this particula
Bitcoin turns bullish after the halving — Will BNB, NEAR, MNT and RNDR follow?
Rakesh Upadhyay4 hours agoBitcoin turns bullish after the halving — Will BNB, NEAR, MNT and RNDR follow?Bitcoin surprised traders with a strong rebound after the halving, possibly setting a bullish path for BNB, NEAR,