Australian cryptocurrency trading platform Swyftx announced layoffs of 21%

[Australian cryptocurrency trading platform Swyftx announced 21% layoffs] On August 19th, Swyftx, a cryptocurrency trading platform headquartered in Brisbane, Australia, announced that it would lay off 21% of its staff, totaling 74 employees, involving customer support, marketing, engineering and other general operations. Fintech jobs.

According to the company's two co-CEOs Alex Harper and Ryan Parsons, the layoffs are in response to the high volatility of asset markets and the uncertainty of the global economic recession. In June of this year, Swyftx announced a merger with stock trading platform Superhero in a deal worth as much as $1.5 billion. (news.com.au)

Other news:

Australian federal government develops ransomware plan to allow authorities to seize cryptocurrencies linked to cybercrime: On October 13, the Australian federal government announced proposed amendments to surveillance legislation. The ransomware action plan will allow authorities the power to seize or freeze financial transactions in cryptocurrencies linked to cybercrime, regardless of their country of origin. Home Affairs Minister Karen Andrews said the new measures aimed to deter international hackers from attacking Australian businesses.

It was previously reported that cyber-attacks against Australian businesses and state institutions surged by 60% last year, and these intrusions caused losses of 1.4 billion Australian dollars (about 1 billion US dollars) to its economy. (Cointelegraph) [2021/10/13 20:25:17]

News | Australian companies use blockchain to monitor beef export safety: According to Fullyloaded, Australia's First Truck Insurance (NTI) announced that it is participating in BeefLedger's blockchain trial, which aims to promote food safety, improve animal welfare and monitor Australia Beef export security BeefLedger is a blockchain solution provider for the Australian beef supply chain. [2018/12/10]

Sound|Australia DTA: There are better technologies than blockchain: According to newsbtc, the Australian Digital Transformation Agency (DTA) told the Senate: Existing applications using blockchain technology are better than blockchain technological substitution. It is reported that the agency received 700,000 Australian dollars from Australia's 2018-19 budget to explore blockchain technology for efficient government services. [2018/10/25]