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Former Paxful CEO Ray Youssef Urges Platform Users to ‘Cease Trading’


On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now “just paying legal bills” and that “no African or any non-American should trust any IS corporation.”...

Tom Brady Lost $30 Million in FTX Stock After Exchange’s Collapse, Report


Former National Football League (NFL) quarterback Tom Brady has reportedly lost tens of millions of U.S. dollars in stock of the failed crypto exchange FTX. Brady is one of several celebrities sued by FTX customers for their endorsements of the collapsed crypto trading platform. Brady and Bündchen...

New Report: FTX Abandoned the Deal with Taylor Swift, Not the Other Way Around


Now-defunct cryptocurrency exchange FTX pulled out of the planned deal with Taylor Swift, not the other way around.  According to sources cited by The New York Times, Swift signed a proposed tour sponsorship agreement with FTX in the spring of 2022, following six months of negotiations.  The deal...

Africa’s Crypto Market Grew by 1,200% Between 2020 and 2021 — Study


Between the years 2020 and 2021, Africa’s cryptocurrency market grew by more than 1,200% while Kenya, Nigeria, South Africa, and Tanzania now all feature in the global top 20 for crypto adoption, according to the latest Emurgo State of Web 3.0 in Africa report. Africa’s Share of Global...

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