Crypto Trading Platform Paxful Delists Ethereum In 'Integrity' Move: CEO

Crypto Trading Platform Paxful Delists Ethereum In 'Integrity' Move: CEO
фото показано с : bitcoinmagazine.com

2022-12-21 17:10

Paxful CEO Ray Youssef said Ethereum is being removed from the trading platform due to its shift to proof-of-stake and lack of decentralization.

Peer-to-peer (P2P) cryptocurrency trading platform Paxful is delisting Ethereum.

Paxful CEO Ray Youssef took to Twitter on Wednesday to announce the news, confirming a move he had hinted at ten days prior.

"We finally kicked #ethereum off our marketplace. 11.6m humans safer. Integrity over revenue," Youssef said in a tweet, calling on fellow exchange runners to follow suit.

A screenshot of Youssef’s statement to clients accompanied the tweet. The text provided more details as to why the CEO chose to remove ETH from his P2P exchange. Youssef mentioned three overarching reasons for kicking Ethereum out: its move to proof-of-stake (PoS), a lack of decentralization, and the ever-growing dissemination of scams in its ecosystem.

Ethereum will be officially off the platform by 12:00 UTC, December 22. Paxful will maintain stablecoins up for trades, however, as Youssef claimed they have "real use cases."

Youssef argued that PoW is the innovation in Bitcoin and what enables it to be "the only honest money there is." The consensus mechanism that is often touted as an alternative to PoW, PoS, "has rendered ETH essentially a digital form of fiat," the executive added.

Next, the CEO of Paxful delved into the decentralization aspect of Ethereum, denouncing the small group of insiders who manage to exert enormous influence on the cryptocurrency project to this day.

Finally, Youssef explained that while "ETH had some utility on real use cases, such as credit and lending," it "thrives because of tokenization." Such a reality, he continued, has led to "scams that have robbed people of billions."

"They have stolen valuable momentum away from Bitcoin and cost us years on our mission."

"In short, our industry is under attack right now –– which means our responsibility to protect our users is greater than ever before," Youssef said in the statement. "We are not perfect, but we’ll always do the right thing, even if it’s not popular, and even if it costs us money. The pay off for all humanity will be so great that the billions scammers have stolen via tokens will seem like pennies in comparison."

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Доступно / Всего 2.025m OTN / 100m OTN

ceo ethereum paxful platform trading shift due

Источник: bitcoinmagazine.com

ceo ethereum → Результатов: 126


Фото:

CEO Citadel заявил о концептуальном превосходстве Ethereum над биткоином

Биткоин утратит лидирующее положение в криптопространстве, а его место займет валюта на основе блокчейна Ethereum. Такой прогноз дал основатель и CEO инвестиционной компании Citadel Кен Гриффин в ходе онлайн-конференции DealBook.

2021-11-13 12:40


Сын главы Google занимается майнингом Ethereum

CEO транснациональной технологической корпорации Google Inc. Сундар Пичаи заявил, что его 11-летний сын добывает Ethereum на домашнем компьютере семьи, сообщает Business Insider. «На прошлой неделе во время обеда я рассуждал о биткоине, а мой сын подчеркнул, что на самом деле я говорю об Ethereum, который немного отличается [от биткоина]. Ему всего 11. Он сказал мне, […]

2018-11-4 10:53


CEO of Google Reveals his 11 year Old Son is an Ethereum Miner

Most cryptocurrency miners work in a firm or in groups, most cryptocurrency miners are between the early ages of 20-30, but the case of Sundar Pichai is a unique one. Pichai, the Ceo of Google had recently revealed that his 11-year-old son was mining Ethereum right in his home, with a computer that Pichai built […] The post CEO of Google Reveals his 11 year Old Son is an Ethereum Miner appeared first on ZyCrypto.

2018-11-3 18:04


11-летний сын CEO Google майнит криптовалюту

Генеральный директор корпорации Google Сундар Пичай признался, что его сын занимается майнингом криптовалют на домашнем компьютере и знает про работу блокчейн-сети Ethereum больше, чем про финансовую систему США.

2018-11-3 17:41


Фото:

Popular Ethereum DApp Metamask to Release Mobile Client

A mobile version for MetaMask, the Chrome browser extension for accessing DApps, was revealed at the Developer Conference (Devcon) held from October 30 to November 2 in Prague.  Speaking on the release of the new mobile app, CEO of ConsenSys Joseph Lubin wrote on his twitter handle: “Everyone’s favorite Ethereum browser extension is coming to […] The post Popular Ethereum DApp Metamask to Release Mobile Client appeared first on Coinjournal.

2018-11-5 18:32


Blackrock CEO: Crypto Still Lacking Legitimacy, Bitcoin ETF Will Have To Wait

Blackrock CEO Larry Fink Still Skeptical On Crypto, Bitcoin ETF While discussion regarding Bitcoin-backed exchange-traded funds (ETFs) have begun to slow, the chief executive of BlackRock, a multinational America-based financial institution, recently claimed that he is hesitant to allow his firm to offer a Bitcoin ETF due to the current state of cryptocurrency markets.

2018-11-2 08:03


JP Morgan’s Jamie Dimon Does ‘Not Give a Sh*t’ About Bitcoin (BTC)

The Chairman and CEO of JP Morgan Chase, Jamie Dimon, is once again on the spotlight due to his recent statements about Bitcoin (BTC). Speaking on Tuesday, October 30th, at the Axios conference in Lost Angeles, Dimon stated that he did not give a sh*t about Bitcoin after being asked why he changed his mind […] The post JP Morgan’s Jamie Dimon Does ‘Not Give a Sh*t’ About Bitcoin (BTC) appeared first on Ethereum World News.

2018-10-31 17:30


Tim Draper: Fiat To Falter, Crypto Assets To Succeed

Tim Draper Holds His Unwavering Belief In Crypto Assets Ran NeuNer, the CEO of OnChain Capital and the host of CNBC Africa’s “Crypto Trader,” recently took to the Crypto Invest Summit in Los Angeles to speak with industry leaders, commentators, analysts, and prominent investors to garner an insider look on their short-term and long-term visions […] The post Tim Draper: Fiat To Falter, Crypto Assets To Succeed appeared first on Ethereum World News.

2018-10-30 08:45


Former Intel Executive Dr. Jackson He Joins Blockchain Startup Skynet

Co-founder and CEO of YingZi Technology and former Intel executive has been announced as an advisor to the futuristic Internet of Things (IoT) blockchain chip startup, Skynet. Dr. Jackson He is famed for his role at Intel which spanned 23 years at an executive level before founding and running YingZi Technology Ltd, a blockchain and […] The post Former Intel Executive Dr.

2018-10-27 16:45


CEO Visa: криптовалюты нам не угроза, и мы готовы их поддержать

По словам Ал Келли, исполнительного директор Visa, компания может помочь таким криптовалютам как Ethereum и Bitcoin пробиться на глобальные рынки

2018-10-27 13:51


Regulators Approve Coinbase to Offer Custody Services in New York State

Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc.

2018-10-24 00:55


CEO Of Tron Hints New Partnership, TRX Coin Price Pump Present Again

In a recent News BTC report, it was noted that the crypto market has lost yet another USD$20 billion in its total market capitalization last week. As witnessed via statistical data, Bitcoin’s and Ethereum’s value remained the same more or less, while altcoins found themselves in a fluctuating situation. By the weekend, most of the […]

2018-10-15 08:50


TRON’s Rumored Partnership Might Be Justin Sun’s Most Ambitious Yet

TRON (TRX)–TRON Founder and CEO Justin Sun is no stranger to high profile announcements. While the young cryptocurrency leader has at times drawn criticism for his showmanship in relation to marketing TRON, a thin line that has crossed into blatant promotion, Sun has continually been able to spark excitement for the currency in an industry […] The post TRON’s Rumored Partnership Might Be Justin Sun’s Most Ambitious Yet appeared first on Ethereum World News.

2018-10-15 02:38


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru