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Bitcoin Is Sprinting Away

Bitcoin Is Sprinting Away

January 26, 2023

Bitcoin must be training for the Olympics because it is running away from exchanges at a clip that rivals Usain Bolt. The mass collapse of CeFi (Centralized Finance) in 2022 has finally opened people's eyes to arguably the most crucial feature of Bitcoin, self-custody. Over the past year, Bitcoin exchange supply has declined from 11.85% to 6.65%, indicating a surge in prioritizing cold storage over convenience.

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Paxful Removes Ethereum from Exchange

Paxful Removes Ethereum from Exchange

January 03, 2023

Ray Youssef, the co-founder of the New York-based crypto exchange Paxful, says that Ethereum is being taken off the exchange because the leading smart contract platform's switch to proof-of-stake makes it less decentralized. Ray said, "To win, we need the most support for one clearing layer, and Bitcoin is the only game in town."

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