Paxful
Breaking Down Bitcoin Marketplace Paxful’s Unraveling
Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. CoinDesk Bitcoin Protocol Reporter Frederick Munawa breaks down what happened behind the scenes ahead of Paxful shutting down operations earlier this month.
Paxful CEO Proposes New Peer-to-Peer Electronic Market System; Bitdeer Stock Slumps Nearly 30% in Trading Debut
Earlier this month, peer-to-peer bitcoin marketplace Paxful suspended its operations. Now, Paxful co-founder Ray Youssef is co-authoring a white paper on a new peer-to-peer electronic market system. Separately, Bitdeer's (BTDR) shares dropped nearly 30% after the bitcoin miner was listed on the Nasdaq Friday.
Paxful CEO Addresses Peer-to-Peer Bitcoin Exchange Suspending Its Operations
Paxful, the peer-to-peer (P2P) platform for trading bitcoin (BTC), is suspending its marketplace and is unsure whether operations will resume. Paxful CEO Ray Youssef joins "All About Bitcoin" to break down the reasons behind the pause and shares his outlook on lingering regulatory headwinds in the U.S.
Peer-to-Peer Bitcoin Exchange Paxful Is Suspending its Marketplace
Paxful – a peer-to-peer (P2P) platform for trading bitcoin (BTC) – is suspending its marketplace and is unsure whether operations will resume, according to a message from CEO Ray Youssef published on its website. "The Hash" team discusses the latest developments as Youssef says the Paxful Wallet will remain in operation for customers to retrieve their funds.
Paxful Removes Ether From Platform
Ray Youssef, CEO and co-founder of peer-to-peer crypto marketplace Paxful, announced ether's (ETH) removal from the platform, citing Ethereum network's switch to proof-of-stake validation from proof-of-work. "The Hash" hosts discuss the case for Bitcoin in the latest clash between altcoins.
Nigerians Flock to Crypto as the Naira Weakens
Some Nigerians are turning to bitcoin (BTC) to hedge against the naira's drop in value amid a collapsing economy. Paxful Deputy General Counsel Jude Ogene and Africa Blockchain Institute Head of Research Oluwaseun Adepoju discuss the role of crypto as a potential tool for financial freedom. Plus, WomenInDeFi Brand Strategist Umeh Chinonye discusses the impact of Web3 and DeFi in Nigeria.
Paxful CEO on Launching Bitcoin Educational Center in El Salvador
Crypto trading platform Paxful has opened “La Casa del Bitcoin,” a bitcoin educational center in El Salvador to enable free learning opportunities related to BTC and boost adoption. Paxful CEO Ray Youssef shares insights into the launch, addressing concerns BTC could be too volatile to serve as a national currency.
