• bitcoinBitcoin(BTC)$22,987.000.390%
    BITCOIN
    24H : 0.390%
    Volume : $32,503,410,149.00
    Marketcap : $444,052,015,417.00
  • ethereumEthereum(ETH)$1,644.941.60%
    ETHEREUM
    24H : 1.60%
    Volume : $7,548,987,120.00
    Marketcap : $198,525,334,676.00
  • tetherTether(USDT)$1.000-0.06%
    TETHER
    24H : -0.06%
    Volume : $39,032,984,689.00
    Marketcap : $68,092,104,000.00
  • usd-coinUSD Coin(USDC)$1.000-0.05%
    USD COIN
    24H : -0.05%
    Volume : $2,802,956,528.00
    Marketcap : $41,908,670,469.00
  • rippleXRP(XRP)$0.4030.970%
    XRP
    24H : 0.970%
    Volume : $1,001,164,311.00
    Marketcap : $20,465,658,892.00
  • cardanoCardano(ADA)$0.3921.48%
    CARDANO
    24H : 1.48%
    Volume : $336,275,278.00
    Marketcap : $13,774,345,252.00
  • dogecoinDogecoin(DOGE)$0.0920.220%
    DOGECOIN
    24H : 0.220%
    Volume : $547,928,791.00
    Marketcap : $12,716,823,600.00
  • okbOKB(OKB)$44.210.280%
    OKB
    24H : 0.280%
    Volume : $14,989,632.00
    Marketcap : $10,914,658,385.00
  • litecoinLitecoin(LTC)$97.722.39%
    LITECOIN
    24H : 2.39%
    Volume : $466,658,380.00
    Marketcap : $7,068,466,196.00
  • tronTRON(TRX)$0.0640.080%
    TRON
    24H : 0.080%
    Volume : $328,053,176.00
    Marketcap : $5,867,400,039.00
  • daiDai(DAI)$1.000.130%
    DAI
    24H : 0.130%
    Volume : $144,631,329.00
    Marketcap : $5,111,285,861.00
  • cosmosCosmos Hub(ATOM)$14.52-0.44%
    COSMOS HUB
    24H : -0.44%
    Volume : $181,177,061.00
    Marketcap : $4,253,106,411.00
  • chainlinkChainlink(LINK)$6.990.380%
    CHAINLINK
    24H : 0.380%
    Volume : $230,231,517.00
    Marketcap : $3,443,036,440.00
  • ethereum-classicEthereum Classic(ETC)$22.65-0.25%
    ETHEREUM CLASSIC
    24H : -0.25%
    Volume : $232,944,727.00
    Marketcap : $3,154,297,336.00
  • leo-tokenLEO Token(LEO)$3.37-5.27%
    LEO TOKEN
    24H : -5.27%
    Volume : $852,541.00
    Marketcap : $3,142,184,376.00
  • moneroMonero(XMR)$167.400.770%
    MONERO
    24H : 0.770%
    Volume : $76,117,108.00
    Marketcap : $3,039,639,108.00
  • bitcoin-cashBitcoin Cash(BCH)$134.210.260%
    BITCOIN CASH
    24H : 0.260%
    Volume : $465,319,889.00
    Marketcap : $2,592,889,157.00
  • stellarStellar(XLM)$0.0910.370%
    STELLAR
    24H : 0.370%
    Volume : $49,583,690.00
    Marketcap : $2,404,891,189.00
  • crypto-com-chainCronos(CRO)$0.0810.170%
    CRONOS
    24H : 0.170%
    Volume : $19,891,037.00
    Marketcap : $2,050,862,354.00
  • algorandAlgorand(ALGO)$0.2622.59%
    ALGORAND
    24H : 2.59%
    Volume : $72,836,195.00
    Marketcap : $1,892,205,635.00
  • vechainVeChain(VET)$0.0241.53%
    VECHAIN
    24H : 1.53%
    Volume : $61,133,902.00
    Marketcap : $1,778,788,314.00
  • eosEOS(EOS)$1.080.480%
    EOS
    24H : 0.480%
    Volume : $95,870,668.00
    Marketcap : $1,181,154,481.00
  • theta-tokenTheta Network(THETA)$1.101.17%
    THETA NETWORK
    24H : 1.17%
    Volume : $28,734,471.00
    Marketcap : $1,101,921,543.00
  • tezosTezos(XTZ)$1.180.260%
    TEZOS
    24H : 0.260%
    Volume : $35,468,644.00
    Marketcap : $1,082,312,239.00
  • paxos-standardPax Dollar(USDP)$0.999-0.12%
    PAX DOLLAR
    24H : -0.12%
    Volume : $2,284,777.00
    Marketcap : $904,200,195.00
  • huobi-tokenHuobi(HT)$5.571.96%
    HUOBI
    24H : 1.96%
    Volume : $10,533,094.00
    Marketcap : $903,321,949.00
  • dashDash(DASH)$62.756.39%
    DASH
    24H : 6.39%
    Volume : $141,680,506.00
    Marketcap : $698,749,092.00
  • iotaIOTA(MIOTA)$0.2454.53%
    IOTA
    24H : 4.53%
    Volume : $31,064,882.00
    Marketcap : $686,144,779.00
  • makerMaker(MKR)$692.420.780%
    MAKER
    24H : 0.780%
    Volume : $22,847,010.00
    Marketcap : $625,289,218.00
  • zcashZcash(ZEC)$44.341.000%
    ZCASH
    24H : 1.000%
    Volume : $49,366,921.00
    Marketcap : $569,911,740.00
  • basic-attention-tokenBasic Attention(BAT)$0.2821.13%
    BASIC ATTENTION
    24H : 1.13%
    Volume : $48,826,671.00
    Marketcap : $422,819,472.00
  • nemNEM(XEM)$0.0401.09%
    NEM
    24H : 1.09%
    Volume : $8,957,488.00
    Marketcap : $363,551,382.00
  • ravencoinRavencoin(RVN)$0.0302.88%
    RAVENCOIN
    24H : 2.88%
    Volume : $19,752,548.00
    Marketcap : $359,806,630.00
  • decredDecred(DCR)$23.06-1.01%
    DECRED
    24H : -1.01%
    Volume : $876,479.00
    Marketcap : $339,258,742.00
  • bitcoin-goldBitcoin Gold(BTG)$17.26-0.74%
    BITCOIN GOLD
    24H : -0.74%
    Volume : $6,897,364.00
    Marketcap : $302,896,763.00
  • qtumQtum(QTUM)$2.831.14%
    QTUM
    24H : 1.14%
    Volume : $41,037,064.00
    Marketcap : $296,337,932.00
  • wavesWaves(WAVES)$2.723.27%
    WAVES
    24H : 3.27%
    Volume : $73,386,973.00
    Marketcap : $272,777,012.00
  • omisegoOMG Network(OMG)$1.707.41%
    OMG NETWORK
    24H : 7.41%
    Volume : $141,814,793.00
    Marketcap : $239,123,353.00
  • 0x0x(ZRX)$0.2501.11%
    0X
    24H : 1.11%
    Volume : $16,308,072.00
    Marketcap : $211,540,664.00
  • iconICON(ICX)$0.2324.63%
    ICON
    24H : 4.63%
    Volume : $85,082,254.00
    Marketcap : $209,081,361.00
  • ontologyOntology(ONT)$0.2332.89%
    ONTOLOGY
    24H : 2.89%
    Volume : $18,923,849.00
    Marketcap : $204,731,481.00
  • liskLisk(LSK)$1.19-1.89%
    LISK
    24H : -1.89%
    Volume : $119,295,515.00
    Marketcap : $171,922,548.00
  • augurAugur(REP)$8.90-10.48%
    AUGUR
    24H : -10.48%
    Volume : $19,477,741.00
    Marketcap : $69,850,606.00
  • bytomBytom(BTM)$0.0222.05%
    BYTOM
    24H : 2.05%
    Volume : $634,094.00
    Marketcap : $39,847,903.00
  • bitcoin-diamondBitcoin Diamond(BCD)$0.1601.67%
    BITCOIN DIAMOND
    24H : 1.67%
    Volume : $64,034.00
    Marketcap : $30,048,963.00
  • monacoinMonaCoin(MONA)$0.56523.55%
    MONACOIN
    24H : 23.55%
    Volume : $1,373,462.00
    Marketcap : $0.00
Cryptotelegraph
  • bitcoin
    Bitcoin
    $22,987.00
  • ethereum
    Ethereum
    $1,644.94
  • tether
    Tether
    $1.000
  • binancecoin
    BNB
    $328.75
  • usd-coin
    USD Coin
    $1.000
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • NFTs
      • ICO News
      • Press Releases
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
      • Read Press Releases
    • Contact Us
    No Result
    View All Result
    Cryptotelegraph.com
    No Result
    View All Result
    Home News Bitcoin News

    Breaking: One Of The Largest P2P Crypto Exchanges Removes Ethereum Due To ‘Integrity’

    Andy K by Andy K
    January 7, 2023
    in Bitcoin News
    Reading Time: 5 mins read
    14.8k 943
    0
    Breaking: One Of The Largest P2P Crypto Exchanges Removes Ethereum Due To ‘Integrity’
    2.7k
    SHARES
    68.3k
    VIEWS
    Share on FacebookShare on Twitter

    Ray Youssef, CEO and co-founder of Paxful, has put his plan to remove Ethereum (ETH) from the exchange, which he revealed a week ago, into action today. The exchange is one of the largest peer-to-peer crypto trading platforms in the world, and Youssef says he has a big responsibility to his 11.6 million customers. Youssef wrote on Twitter today:

    We finally kicked Ethereum off our marketplace. 11.6m humans safer. Integrity over revenue. Who is next?

    The Paxful CEO further explained, “We need maximum momentum behind one clearing layer to win and Bitcoin is the only game in town. This isn’t an investment strategy, this is humanity rising up to liberate itself. ALL IN!”

    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


    Get 30 FREE SPINS at Punt Casino – NO DEPOSIT REQUIRED! Start Playing Now.

    No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

    The Reasons Behind The Anti-Ethereum Decision

    In a newsletter, the Paxful CEO explained the backstory behind his decision to remove Ethereum from the exchange as early as 12:00 UTC on Thursday, Dec. 22. Under the tagline “Revenue is nice, but integrity trumps all,” Youssef describes economic apartheid as the “biggest problem in the world.”

    It is, according to the Paxful CEO, “the root of all humanity’s suffering.” That’s why, as CEO of Paxful, he strives for a world “where Bitcoin frees billions of people held back by this evil system, especially those unnecessarily harmed living in the Global South”.

    Related Reading: Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily: Analysts Predict

    According to Youssef, there are ultimately three key arguments for why ETH does not support this mission (anymore) and is bad for the Bitcoin industry. The first reason Youssef cites is Ethereum’s shift from proof of work to proof of stake.


    BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

    “Proof of work is the innovation that makes Bitcoin the only honest money there is, whereas proof of stake has rendered ETH essentially a digital form of fiat,” the CEO of Paxful claims.

    Referring to the Tornado Cash censorship and the Ethereum Foundation, Youssef goes on to state that ETH is controlled by a small group of people, while “one day you will need permission to use it.”

    Related articles

    Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier

    Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier

    January 30, 2023
    Former FTX Boss Sam Bankman-Fried Using Privacy Messaging App Signal

    Former FTX Boss Sam Bankman-Fried Using Privacy Messaging App Signal

    January 29, 2023
    Related Reading: Ethereum Price Bearish Signal: ETH Below 100 SMA Could Trigger Downside

    The third argument is the scams that have emerged with Ethereum’s capabilities. While Youssef concedes ETH has “some utility for real-world use cases,” he says the tokens Ethereum has spawned are scams that have “robbed people of billions.”

    Ultimately, the developments of the past years have set the Bitcoin industry back years. “They have stolen valuable momentum away from Bitcoin and cost us years on our mission,” Youssef explained.

    Ethereum Price Near Key Resistance

    The decision of Paxful is likely to arrive rather controversially in the crypto community, while it will find applause in the ranks of Bitcoin maxis.

    Meanwhile, numerous experts, including Bloomberg Intelligence’s Mike McGlone, predict that ETH could outperform and even flip the largest cryptocurrency by market cap in the next bull market, at least temporarily.

    At press time, ETH was trading at $1,215. Thus, the price is sitting just below key resistance at the $1,220 mark.

    Ethereum ETH USD 2022-12-21
    ETH price, 4-hour chart
    Featured image from Kanchanara / Unsplash, Chart from TradingView.com
    Tags: ETHethereumpaxful

    Read More From Original Source

    Tags: ETHEthereum Price Bearish Signal: ETH Below 100 SMA Could Trigger Downsidepaxful
    Share1094Tweet684
    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

    Fun Fact : Despite other staff members helping themselves daily - Andy has a 'never-ending' container of 'Jelly beans' always sat on his desk, it's magic!

    Related Posts

    Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier

    Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier

    by Andy K
    January 30, 2023
    0

    Bitcoin price started another increase above the $23,000 resistance. BTC is rising and the bulls might aim a test of...

    Former FTX Boss Sam Bankman-Fried Using Privacy Messaging App Signal

    Former FTX Boss Sam Bankman-Fried Using Privacy Messaging App Signal

    by Andy K
    January 29, 2023
    0

    Federal prosecutors of the Southern District of New York overseeing the current case against Sam Bankman-Fried, the disgraced founder and...

    U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

    U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

    by Andy K
    January 29, 2023
    0

    The U.S. government is set to tighten regulations to mitigate the growing risks associated with the crypto industry. This development...

    Litecoin (LTC) Displays Consolidation – Can We Expect A Reversal Soon?

    Litecoin (LTC) Displays Consolidation – Can We Expect A Reversal Soon?

    by Andy K
    January 29, 2023
    0

    The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. LTC secured almost 50%...

    Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?

    Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?

    by Andy K
    January 29, 2023
    0

    On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back...

    Load More

    Discussion about this post

    Partners

    Crypto Prices

    bitcoin Bitcoin
    $22,987.00
    $22,987.00
    EUR: €21,456.20
    GBP: £19,137.37
    7D Chart0.390%
    ethereum Ethereum
    $1,644.94
    $1,644.94
    EUR: €1,535.40
    GBP: £1,369.46
    7D Chart1.60%
    tether Tether
    $1.000
    $1.000
    EUR: €0.933
    GBP: £0.833
    7D Chart-0.06%
    binancecoin BNB
    $328.75
    $328.75
    EUR: €306.86
    GBP: £273.69
    7D Chart0.710%
    usd-coin USD Coin
    $1.000
    $1.000
    EUR: €0.933
    GBP: £0.832
    7D Chart-0.05%
    ripple XRP
    $0.403
    $0.403
    EUR: €0.376
    GBP: £0.335
    7D Chart0.970%
    cardano Cardano
    $0.392
    $0.392
    EUR: €0.366
    GBP: £0.327
    7D Chart1.48%
    polkadot Polkadot
    $6.63
    $6.63
    EUR: €6.19
    GBP: £5.52
    7D Chart0.740%
    litecoin Litecoin
    $97.72
    $97.72
    EUR: €91.21
    GBP: £81.35
    7D Chart2.39%
    uniswap Uniswap
    $6.83
    $6.83
    EUR: €6.38
    GBP: £5.69
    7D Chart0.170%
    wrapped-bitcoin Wrapped Bitcoin
    $22,943.00
    $22,943.00
    EUR: €21,415.13
    GBP: £19,100.74
    7D Chart0.360%
    chainlink Chainlink
    $6.99
    $6.99
    EUR: €6.52
    GBP: £5.82
    7D Chart0.380%
    monero Monero
    $167.40
    $167.40
    EUR: €156.25
    GBP: £139.37
    7D Chart0.770%
    bitcoin-cash Bitcoin Cash
    $134.21
    $134.21
    EUR: €125.27
    GBP: £111.73
    7D Chart0.260%
    stellar Stellar
    $0.091
    $0.091
    EUR: €0.085
    GBP: £0.076
    7D Chart0.370%
    aave Aave
    $86.11
    $86.11
    EUR: €80.38
    GBP: £71.69
    7D Chart1.47%
    eos EOS
    $1.08
    $1.08
    EUR: €1.01
    GBP: £0.898
    7D Chart0.480%
    tezos Tezos
    $1.18
    $1.18
    EUR: €1.10
    GBP: £0.982
    7D Chart0.260%
    havven Synthetix Network
    $2.72
    $2.72
    EUR: €2.54
    GBP: £2.26
    7D Chart7.53%
    bitcoin-cash-sv Bitcoin SV
    $42.76
    $42.76
    EUR: €39.91
    GBP: £35.60
    7D Chart-4.96%
    • Trending
    • Comments
    • Latest
    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    March 14, 2020
    Blockchain unconfirmed transaction hack 100% Working! New proof!

    Blockchain unconfirmed transaction hack 100% Working! New proof!

    March 13, 2020
    Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

    Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

    February 11, 2020
    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    March 31, 2020
    Ripple XRP Token

    Ripple and XRP – The Convoluted Truth Behind XRP’s Creation

    0
    Bitcoin cash hard fork. BitcoinCash Hard fork (BCH Hard fork)

    Bitcoin Cash ‘hard fork’ What you need to know about it

    0
    Crytotelegraph - Crypto News & Reviews - Bitcoin & Altcoins

    Bitcoin price news: 10 year forecast shows bitcoin ‘WON’T DIE’ Latest BTC prediction

    0
    BAKKT Futures: BAKKT Warehouse & Bitcoin Exchange

    Will Bakkt Send Bitcoin’s price skyrocketing?

    0
    Will Bitcoin Price Return To $20,000? Here’s What Investors Expect

    Will Bitcoin Price Return To $20,000? Here’s What Investors Expect

    February 4, 2023

    Ethereum Price Looks Ready For Another Leg Higher Over $1,700

    February 3, 2023
    Bitcoin Price At Risk of Downside Thrust Before Fresh Increase

    Bitcoin Price At Risk of Downside Thrust Before Fresh Increase

    February 2, 2023
    Bitcoin Monthly Signals Stack Suggesting Bulls Are Ready To Stampede

    Bitcoin Monthly Signals Stack Suggesting Bulls Are Ready To Stampede

    February 2, 2023

    Cryptotelegraph.com




    The Cryptotelegraph is a Crypto News Magazine ‘Startup’ that hunts high and low to compile the very latest crypto news and reviews from around the web, whilst at the same time producing thought provoking articles and interpretations surrounding the cryptocurrency market today!


    Read More





    Disclaimer

    Information found on Cryptotelegraph is those of referring websites (or) writers quoted. It does not represent the opinions of Cryptotelegraph on whether or not to buy, trade, sell or hold any investments. You are advised to conduct your own research before making any investment decisions. Use all provided information at your own risk. Full disclaimer.

    Crypto News

    Will Bitcoin Price Return To $20,000? Here’s What Investors Expect

    Ethereum Price Looks Ready For Another Leg Higher Over $1,700

    Bitcoin Price At Risk of Downside Thrust Before Fresh Increase

    Bitcoin Monthly Signals Stack Suggesting Bulls Are Ready To Stampede

    Bitcoin Price Rally Post Fed Rate Hike Could Gather Momentum, Here’s Why

    Total Ethereum (ETH) Staked On Lido Finance Reaches New Milestone

    Donations Welcome




    Bitcoin Address : 3AhxNswMkD5tjJJ544NRCwWhCDXHJ5GTzq

    Ethereum Address : 0x9627FB741C19e1a70E7006F2B0D0c26d14AA1816

    Bitcoin Cash Address : qq93an6n9unnu496vpcx684zekkmn4yk6g79kllf7d

    Litecoin Address : MKVphBBJkBbjSh4D6aFLds9XHE1rnS9iHW





    © Copyrights 2017 - 2021 Cryptotelegraph.com. All Rights Reserved.

    Contact    About    Privacy & Cookie Policy

    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • NFTs
      • ICO News
      • Press Releases
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
      • Read Press Releases
    • Contact Us

    © Cryptotelegraph.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.