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Paxful shutdown hits Nigeria harder than the rest of the world, here’s why
5.4.2023
Paxful’s shutdown has left its global community heartbroken, but it has significantly impacted the Nigerian community, where it pioneered P2P crypto use
Crypto Ecosystem Loses Another P2P Marketplace As Paxful Shuts Down – End of an Era?
5.4.2023
Peer-to-peer crypto marketplace Paxful became another victim of this particularly freezing crypto winter.
"Today, Paxful will be suspending its marketplace. We are not sure if it will come back," said on Tuesday Ray Youssef, Paxful Founder and CEO.
The Paxful Wallet, however, will remain...
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
4.4.2023
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...
Peer-to-Peer Bitcoin Exchange Paxful to Suspend Operations
4.4.2023
A message from CEO Ray Youssef cited key staff departures and regulatory challenges
Nigerian crypto investors question central bank's decision to flag p2p users
29.3.2023
Crypto P2P users in Nigeria worry over using various platforms to launder funds as the country's central bank cracks down on bank accounts that receive a share of Flutterwave’s rumored stolen funds
Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements
21.3.2023
The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part...
Binance Bans Russians From P2P Transactions With Dollars and Euros
10.3.2023
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits...
Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges
5.3.2023
Following the temporary suspension from Ukraine’s central bank, crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
26.2.2023
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also...
An overview of peer-to-peer ridesharing using blockchain
25.2.2023
Blockchain technology can revolutionize the P2P ridesharing industry by creating a more equitable, secure and transparent system
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
9.2.2023
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin...
LocalBitcoins closes down the P2P crypto exchange service
9.2.2023
LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately
The history and evolution of the fintech industry
7.2.2023
The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector
Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims
2.2.2023
Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a claim that is being propagated by persons...
Bitcoin nodes data: Frankfurt houses the largest city-wide network
11.1.2023
Distributed across 5773 cities worldwide, over 60% and 14% of the Bitcoin nodes run on IPv4 and IPv6 protocols, respectively, while more than 25% run anonymously on .onion
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
30.12.2022
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to...
Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities
28.12.2022
Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan...
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot
22.12.2022
Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent consensus mechanism pivot amongst them. Youssef...
P2P Financial Systems panel: Crypto core values and transparency are critical for DeFi
1.12.2022
Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion on DeFi's future among market dynamics, cyberattacks and regulatory uncertainty
‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange
26.11.2022
Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused...