$83,189.00
-0.65%$1,840.28
-2.16%$2.18
2.41%$607.27
-0.13%$125.61
-0.72%$0.999903
-0.01%$0.170766
-2.14%$0.682685
-0.06%$0.231942
-0.75%$1,837.50
-2.17%$82,977.00
-0.68%$3.86
3.61%$9.65
-1.10%$13.70
-1.67%$0.270553
0.88%$19.48
-2.14%$2,206.71
-2.07%$0.999852
-0.03%$2.41
-1.46%$0.00001269
-1.48%$0.172513
-1.31%$86.32
0.03%$6.38
2.82%$4.13
-0.21%$307.51
0.10%$4.68
0.22%$0.785953
-5.24%$1,838.50
-2.22%$0.999983
0.06%$0.999885
-0.04%$12.58
-1.14%$1,955.66
-2.17%$28.32
-0.87%$217.26
-0.07%$6.01
-2.05%$5.31
-3.01%$2.65
-0.85%$0.00000719
-5.02%$1.045
0.12%$48.61
-0.64%$0.104835
3.28%$35.09
-2.84%$22.63
-0.77%$0.807502
-1.41%$83,164.00
-0.62%$5.42
-1.06%$0.997899
-0.09%$0.806363
-0.35%$16.80
-0.75%$165.62
-7.24%$1.16
0.20%$10.29
0.87%$0.02329532
0.11%$231.11
-1.86%$1.00
0.00%$3.33
0.37%$4.34
-2.89%$0.361187
-4.12%$3.53
-2.69%$2.78
-0.35%$0.205316
0.15%$82,596.00
-0.87%$4.02
-0.16%$0.066469
1.72%$0.185626
-1.18%$0.492192
-2.71%$0.335445
-0.36%$5.40
1.81%$11.08
-0.15%$0.485466
1.49%$82,980.00
-0.80%$0.476371
-3.69%$0.762999
-4.45%$1,912.27
-2.15%$0.454531
-3.78%$1,839.99
-2.14%$1,305.56
-8.36%$1.082
-1.18%$0.067934
-1.81%$130.85
-0.85%$70.42
1.59%$0.55882
-2.81%$17.57
-3.96%$0.999844
0.04%$0.795535
-1.92%$0.625499
-1.65%$2,079.83
-2.33%$0.997536
-0.01%$0.00001151
-2.35%$0.181774
-2.13%$0.585483
4.58%$0.090907
-1.69%$8.84
-2.16%$0.839669
-2.53%$0.01341097
1.78%$1.00
0.02%$1.00
-0.10%$0.999959
0.00%$7.39
-4.94%$82,268.00
-1.12%$0.870932
-2.55%$3,109.11
0.06%$1.00
-0.00%$607.21
-0.11%$1,952.23
-2.10%$0.01569528
-0.78%$0.660611
-0.43%$2.20
2.23%$3,117.23
0.68%$83,020.00
-0.65%$0.00000068
-0.84%$0.273698
-0.48%$0.175276
-0.79%$32.37
0.06%$0.479871
-0.19%$0.999792
-0.00%$0.104863
0.84%$2.02
0.95%$160.59
-0.73%$0.386758
0.39%$36.38
-0.07%$3.20
5.27%$0.00005926
-1.94%$1,916.24
-2.18%$7.44
-5.08%$0.01122774
-0.48%$0.147613
-0.21%$137.55
-0.78%$15.96
-1.70%$0.419838
-3.39%$0.9998
-0.00%$0.075892
0.42%$1.74
-1.28%$0.506258
25.55%$0.650764
-3.20%$0.99765
-0.15%$1.77
3.52%$1.00
0.02%$2.95
-1.33%$0.00510248
-0.23%$1.00
0.03%$0.428624
0.64%$0.248143
-0.22%$79,798.00
-2.02%$16.40
-1.14%$28.03
0.72%$6.47
0.14%$0.715511
-0.49%$0.170703
-2.24%$1,954.34
-2.02%$0.438002
-1.92%$0.00000043
-0.45%$0.42549
-2.35%$83,022.00
-0.62%$1,839.09
-2.18%$0.151601
-0.38%$6.33
-5.65%$82,823.00
-1.88%$2.54
-1.21%$0.43914
-9.98%$0.081232
-1.77%$1.082
-0.08%$0.999405
-0.02%$0.04254285
1.02%$1,838.76
-2.15%$0.616346
-1.73%$0.00002017
0.33%$1.14
0.06%$1,839.21
-2.23%$110.49
0.00%$1.10
-0.89%$0.00742104
-0.46%$0.478277
-1.93%$0.00607706
-0.19%$0.473611
-3.43%$1,918.62
-2.05%$82,837.00
-0.69%$0.874941
1.40%$0.00649712
-3.40%$0.205345
-0.02%$0.379146
1.59%$39.29
-2.03%$0.999374
0.02%$1.00
0.02%$1.002
0.39%$0.170542
1.76%$0.00400493
-4.56%$82,487.00
-0.74%$0.01011738
5.41%$1,837.73
-2.24%$0.00006055
0.50%$1,824.35
-3.42%$0.00000159
-3.93%$1.001
0.03%$119.75
-2.95%$2.79
3.66%$0.03112138
-0.31%$0.03068573
-4.21%$0.248107
-1.03%$1.28
-5.30%$1.22
-3.93%$0.544674
2.89%$0.255821
-2.12%$1.42
1.14%$3.78
-0.58%$1,821.02
-2.27%$0.656496
-3.09%$1,839.45
-2.21%$0.000464
164.75%$2.88
-1.52%$82,932.00
-0.75%$21.90
-0.82%$0.783117
-1.64%$0.192083
-1.42%$81,012.00
-2.20%$16.09
-0.84%$0.261314
0.30%$1,943.07
-2.10%$2,010.71
-2.21%$1.075
-2.96%$3,083.48
0.01%$0.086157
-4.54%$0.00280481
16.84%$0.495204
2.10%$0.067361
-2.16%$0.03597066
-0.87%$0.03122378
-0.76%$0.107109
-0.07%$1,997.11
-2.20%$0.0032535
-0.28%$0.999862
0.03%$0.00234945
0.79%$0.116357
-0.99%$0.518488
-5.63%$0.03056645
-1.27%$1,837.81
-3.88%$1,669.31
-0.70%$0.944071
-1.66%$0.00490846
-0.24%$0.01141152
0.08%$0.530191
-0.60%$0.300986
-0.76%$20.15
-0.05%$0.650923
-3.03%$2.18
4.11%$2.18
0.12%$0.214013
3.35%$0.999636
0.01%Reading
Paxful, a global peer-to-peer trading platform, is set to remove Ethereum (ETH) trading from its marketplace.
“We finally kicked Ethereum off our marketplace. 11.6m humans safer. Integrity over revenue 🤝🏽 Who is next ?” Paxful CEO Ray Youssef tweeted on Wednesday.
According to a screenshot of the newsletter sent to Paxful users, ETH trades will be stopped on Thursday, which, as explained by Youssef, gives people some time to end trades and possible disputes.
We finally kicked #ethereum off our marketplace. 11.6m humans safer. Integrity over revenue 🤝🏽 Who is next ? pic.twitter.com/JTJXa5RYJ8
— Ray Youssef (@raypaxful) December 21, 2022
Paxful, which also offers trades for USDT and USDC stablecoins, added support for ETH in April 2021, with the company saying at the time that “Ethereum gives users a different chance to claim their stake in the crypto world.”
Back then, the firm also praised Ethereum transactions for taking far less time than Bitcoin transactions, “making ETH a top-tier cryptocurrency if you’re looking for speedy turnaround times.”
Paxful didn't immediately reply to Decrypt's request for comment.
The Paxful chief first revealed plans to remove ETH on December 12, replying to a tweet by software engineer Jeremy Garcia, which slammed Ethereum as a project destined to fail due to its poor design and “a foundation of sand” as opposed to Bitcoin’s “foundation of granite.”
Working to remove eth from our marketplace. Revenue is nice but integrity trumps all https://t.co/k57ZYgGdqT
— Ray Youssef (@raypaxful) December 12, 2022
In today’s newsletter announcing the news, Youssef said that the world’s biggest problem today is the “economic apartheid," adding that he wants to see “a world where Bitcoin frees billions of people held back by this evil system, especially those unnecessarily harmed living in the Global South.”
The only way to achieve that, per Youssef, is through Bitcoin, which he calls “the only honest money.”
As for the reasons for delisting ETH, Youssef points to the network’s switch from proof of work to proof of stake, something that “has rendered ETH essentially a digital fiat,” as well as its lack of decentralization.
“It [Ethereum] is controlled by a small group of people, and one day you will need permission to use it,” said the Paxful boss.
While agreeing that Ethereum “had some utility on real cases, such as credit and lending,” Youssef, however, said that it now “thrives because of tokenization,” with Ethereum-based tokens turning into “scams that have robbed people of billions.”
These tokens, added Youssef, “have stolen valuable momentum away from Bitcoin and cost us years on our mission.”
In recent weeks, Youssef has also been advocating for self-custody of crypto assets, urging people to “never keep savings on any exchange, including Paxful.”
Elon Musk’s favorite cryptocurrency made a comeback at the end of last year as retail investors flooded back into the market to snap up Dogecoin. The coin was launched as a joke in 2013, but has persisted over the years and remained prominent. But just how serious is the business of mining the O.G. meme coin? People are actively buying the machines to do so, according to vendors at this year’s Mining Disrupt conference in Fort Lauderdale, Florida. Though the conference was heavily focused on th...
Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday. The policy change rescinds a 2022 requirement that mandated FDIC-supervised institutions notify the agency before engaging in crypto-related activities. Under the new guidance, banks can offer services involving digital assets without the agency's advance permission. "With today...
The NASDAQ exchange has applied to the U.S. Securities and Exchange Commission to list shares of an Avalanche exchange-traded fund issued by crypto asset manager Grayscale. The 19b-4 form for Grayscale's AVAX ETF follows its registration as a Delaware Trust entity more than two weeks ago. If approved, the AVAX ETF would use Coinbase Custody as its custodian, the 19b-4 shows. The issuer must still file an S-1 registration statement describing the product, however. AVAX, the utility token of L...
