Swyftx reduces employees by 21% amid market decline
The unlucky layoffs were caused by inflation, a recession, and the bear market, according to Australian cryptocurrency exchange Swyftx. Swyftx, an Australian cryptocurrency exchange, had to fire 21% of its employees in order to cut costs while it navigated the current bear market. 74 coworkers had to be let go, according to a statement from […]
Inventor of Korean “poop-coin” claims that it ended in February
The Korean professor who developed the Beevi idea claimed that there wasn’t enough support for the initiative and that it couldn’t stand alone. A research project that produced toilets that could convert human excrement into electricity, heat, and digital cash has been shut down by the South Korean government. The Science Walden project, which introduced […]
Ripple and Travelex collaborate to create crypto payment service
Ripple On-Demand Liquidity payment solution means businesses no longer have to wait three to five days to settle cross-border transactions. On August 18, the digital payment platform Ripple announced that the foreign exchange firm Travelex would use RippleNet’s ODL to enable cross-border payments between businesses using Ripple’s XRP coin. Additionally, it stated that Travelex Bank […]
Solana wallet turns on grill to extinguish spam NFTs
Users of the Phantom wallet software can now delete spam NFTs that have been delivered by con artists thanks to a new Burn Token feature. Phantom, a wallet company with headquarters in Solana, has introduced a new burn feature that enables users to delete spam nonfungible tokens (NFTs) supplied by con artists. The new function, […]
Korean police seize crypto in trial for unpaid traffic penalties
In a Seoul suburb, local police have the power to seize cryptocurrency in order to pay off outstanding penalties for traffic offenses. A successful pilot program allowing police to confiscate cryptocurrency from the exchange accounts of people with unpaid traffic fines has been running in a town in South Korea close to Seoul. The national […]