Former TrustToken executive Roshan Dharia assumes leadership of Paxful in a bid for stability
In a twist of digital trading, Roshan Dharia, a well-known figure in the crypto world, is set to don a new hat as the interim CEO of Paxful, an acclaimed peer-to-peer Bitcoin marketplace. This exciting development comes amidst a maelstrom of corporate disagreement and internal struggles within the company. Known for his sterling track record […]
Former Paxful CEO raises doubts as platform resumes
The peer-to-peer Bitcoin marketplace, Paxful, recently resumed operations after an abrupt shutdown. However, its former CEO, Ray Youssef, has expressed concerns, stating that he cannot vouch for anything happening on the platform. Youssef’s remarks come as users report issues with their accounts and a lack of control over the platform. Departure and distrust Youssef, who […]
Paxful P2P Bitcoin exchange resumes operations following temporary suspension
Paxful, a prominent peer-to-peer (P2P) Bitcoin exchange, has returned to full operation after a month-long suspension. According to the company’s blog post, the marketplace had to be temporarily halted in early April due to concerns over customer funds and to protect the platform’s future. Co-Founder lawsuit triggers platform shutdown The suspension came after a lawsuit […]
Paxful CEO Ray Youssef officially steps down, says trust no financial company in the US
Ray Youssef, CEO of the leading peer-to-peer cryptocurrency exchange Paxful, announced his departure from the company. Youssef first broke the news on Twitter on April 17, 2023, stating, “Today is my last day as CEO of @paxful. I have officially resigned. The full story shall soon be revealed. It is madness but blessings everywhere for […]
Paxful CEO to reimburse users’ funds with personal money
Ray Youssef, the CEO, and co-founder of Paxful announced that he is developing a plan to reimburse users’ funds using his own money in an effort to comply with the law and avoid further legal problems after the sudden shutdown of his P2P Bitcoin exchange. Youssef explained that he risks going to jail for failing […]
Nigerian crypto users scramble for alternatives after Paxful’s abrupt closure
The sudden shutdown of peer-to-peer cryptocurrency marketplace Paxful has left its global community scrambling for alternatives, but the Nigerian crypto community appears to have been particularly affected. On April 4, Paxful announced that it would cease operations due to “key staff departures” and the regulatory environment, according to founder and CEO Ray Youssef’s blog post. […]
Paxful refunds Earn Program users affected by Celsius Network collapse
On March 29, Paxful CEO Ray Youssef announced via Twitter that users of their Earn program affected by the collapse of Celsius Network in 2022 will be refunded. Youssef said that funds would become available for these users in Paxful’s wallet in the coming days and affirmed: “I’ve personally taken action and will be refunding […]
Cryptocurrency: Paxful announces new crypto debit card for the U.S.
Paxful launches crypto debit card in the US Paxful debit card filling traditional finance gap for the unbanked and underbanked Crypto debit card trend continues with Paxful entrance Popular peer-to-peer Bitcoin marketplace, Paxful, has partnered BlockCard, a debit card firm, to launch a crypto debit card for U.S. residents. The exchange firm in a press […]
Bitcoin P2P trading hits all-time highs with India in the lead
A recent Twitter post shared by a crypto enthusiast has thrown light on the Bitcoin P2P trading volume statistics from last week. The six countries that come out at the top are India with $3.4 million trading volume, Ghana with $1.7 million, closely followed by the Philippines and Argentina with $1 million each and Mexico […]
Bitcoin market globally to surge with OKEx, Paxful partnership
Peer to Peer Bitcoin exchange firm Paxful alongside OKEx, another crypto exchange, and Over the Counter (OTC) market firm based in Malta have partnered to improve the Bitcoin market in Africa and reach more users in the continent. With this partnership, crypto users in South Africa, Nigeria, Kenya in Africa, and other continents would be […]
AAX teams up with Solidus Labs in the fight against crypto market manipulations
Institutional level crypto trading outfit, Atom Asset Exchange (AAX) said it has a plan to team up with Solidus Labs as it has plans to use Solidus Labs resources to combat the crypto market manipulations. The exchange website has said that it plans to use Solidus Labs surveillance equipment to monitor the market in relationships […]
Crypto boom in India revealed by Paxful survey
Paxful, an over-the-counter peer-to-peer exchange based in the US, conducted a crypto sentiment survey in India. According to the results of the survey, a crypto boom in India is due and will happen very soon. Further, the new regulations after the ban was lifted will support the growth of crypto in the country. On April […]
