Ray Youssef – DIGIT INFO

Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds

DIGIT — Fri, 30 Aug 2024 00:30:26 +0000

The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that […]

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P2P marketplaces need to become unstoppable, permissionless — Paxful co-founder

DIGIT — Fri, 25 Aug 2023 10:28:02 +0000

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading among Bitcoin users.

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Former Paxful CEO Says He Cannot ‘Vouch for Anything Happening There Now’ — Platform Tells Users It Is Back Online

DIGIT — Sat, 13 May 2023 10:30:14 +0000

The former CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin marketplace that he is no longer in control and therefore cannot vouch for “anything that is happening there now.” Youssef also told a user who claimed to have been scammed on the platform that he too has been banned from the […]

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Paxful restarts marketplace operations for the first time since April

DIGIT — Mon, 08 May 2023 21:05:19 +0000

Amid the suspended service, Ray Youssef said he had made his “final act” as CEO after helping unfreeze 88% of certain users’ accounts.

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Paxful CEO announces 88% of accounts unfrozen, $4.4M in funds remaining

DIGIT — Mon, 17 Apr 2023 16:06:05 +0000

“I gave up my title as CEO to unfreeze these accounts and am also in danger of being in contempt of court,” said Ray Youssef.

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P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

DIGIT — Tue, 04 Apr 2023 21:30:28 +0000

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 not share the full story at this time. […]

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Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot

DIGIT — Thu, 22 Dec 2022 12:30:21 +0000

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 also stated that tokens built on top of Ethereum have been primarily scams. […]

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Binance Reveals Incident That Forced It to Freeze BTC Withdrawals

DIGIT — Tue, 14 Jun 2022 21:30:54 +0000

In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from recurring, Binance said it changed the logic “to only take […]

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Bringing the crypto payments ecosystem around the world: Ray Youssef

DIGIT — Sun, 25 Jul 2021 10:14:00 +0000

“I was nearly killed by the police, who saw me wandering through the city thinking I’m a looter.” Ray Youssef discusses his close calls and crypto adoption.

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Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum

DIGIT — Mon, 19 Jul 2021 11:30:45 +0000

On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles. Iron Mike Asks His Fans: ‘Which do you prefer, Bitcoin or […]

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