ChainCatcher news, according to Cointelegraph, despite the growing popularity of cryptocurrencies and blockchain, the complexity of the technology may make it difficult for the average user to understand, thereby hindering more people from entering the field.According to a survey conducted by the Australian cryptocurrency exchange Swyftx in August, 43% of the 2,229 respondents indicated that they had not used the technology because they were unsure how it works. Industry experts generally believe that the sector should focus on simplifying educational resources and user interfaces to attract more average users. In addition to technological complexity, factors such as asset storage security and regulatory uncertainty also pose barriers to widespread adoption.Experts suggest that the crypto industry should strive to make the technology easier to understand and use while maintaining its innovative essence, such as simplifying complex concepts, providing user-friendly interfaces, and offering comprehensive educational resources.

ChainCatcher news, according to CoinDesk, blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx to combat fraud in the country.The program will be trialed globally for the first time, with Australian crypto users who activate two-factor authentication on their cryptocurrency accounts receiving Bitcoin worth AUD 10 (approximately USD 6.6). The announcement stated that the trial will test the impact of rewarding crypto customers for protecting their accounts and educating themselves on how to avoid fraud on the levels of investment fraud. The first 2,000 customers who enable two-step verification on their accounts and complete a course co-created with TRM Labs will receive rewards from Swyftx.

ChainCatcher news, Australian cryptocurrency exchange Swyftx announced that due to the lack of clarity in cryptocurrency product regulation, it has decided to close its Earn program starting from January 10, and all users' Earn balances will be returned to their original trading wallets. In addition, Swyftx stated that it will consider reopening the program once regulatory rules are clarified.Previous report, last December, Swyftx announced a 40% workforce reduction due to the collapse of FTX. (Source link)

ChainCatcher news, Australian cryptocurrency exchange Swyftx will lay off 40% of its staff, approximately 90 employees, due to the downturn in the digital asset market following the FTX collapse, in order to prepare for the worst-case scenario of continued declines in the crypto market next year and potential more black swan events like FTX.Previously reported, in August, Swyftx laid off 21% of its staff, totaling 74 employees, affecting customer support, marketing, engineering, and other general fintech positions. (WA Today)