{"id":526674,"date":"2023-04-12T18:32:16","date_gmt":"2023-04-12T18:32:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=526674"},"modified":"2024-06-11T14:35:19","modified_gmt":"2024-06-11T14:35:19","slug":"ftt-tokens-surges-45-as-crypto-exchange-ftx-explores-reboot","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ftt-tokens-surges-45-as-crypto-exchange-ftx-explores-reboot\/","title":{"rendered":"FTT Token Surges 45% As Crypto Exchange FTX Explores Reboot"},"content":{"rendered":"

Failed crypto exchange FTX\u2019s native token, FTT, is expiring upside volatility, recording important profits over today\u2019s trading session. The token is reacting to the news of FTX\u2019s potential relaunch. <\/strong><\/p>\n

Related Reading: Over 3,000 Validators To Withdraw After Ethereum Shanghai Upgrade<\/a><\/div>\n

As of this writing, FTT is trading north of $2 for the first time since February and could continue to reclaim previously lost territory. The token moved sideways for months, and today\u2019s news was the first time it recorded positive price action.<\/p>\n

\"FTT
FTT’s price sees some positive performance over today’s trading session on the daily chart. Source: FTTUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

FTX To Relaunched? FTT Traders Go Long<\/h2>\n

According to a report<\/a> from Reuters, FTX\u2019s bankruptcy proceedings have been partially successful. The company\u2019s new administration recovered $7,3 billion in fiat and digital assets, according to FTX attorney Andy Dietderich, that testified in a U.S. bankruptcy court hearing.<\/p>\n

This amount represents an increase of around $1 billion in the company\u2019s effort to recover its users\u2019 funds. The failed crypto exchange is evaluating its options after spending months \u201ccollecting resources\u201d and trying to figure out what went wrong under the previous administration, led by its founder Sam Bankman-Fried.<\/p>\n

In that sense, Dietderich claims that the company overcame the \u201cworst\u201d of its situation and can start thinking about re-opening operations. FTX\u2019s new CEO, John Ray, has been hinting at relaunching the crypto exchange for some time.<\/p>\n

In an interview with the Wall Street Journal, Ray said the measure could allow them to \u201crecoup value\u201d for their clients. A separate report<\/a> from CNBC claims that FTX\u2019s intentions are \u201cunclear\u201d as the new administration needs to provide further details about a potential reboot.<\/p>\n

If FTX returns, can users withdraw their money and trade with digital assets, or will the company attempt to become profitable to repay its debts to creditors? \u00a0These issues and others related to taxation, security, and user experience still need to be answered.<\/p>\n

Daniel Tramel Stabile, a partner at law firm Winston & Strawn, told CNBC the following:<\/p>\n

When we talk about restarting \u2014 rebooting \u2014 it\u2019s not totally clear what they have in mind. There could be a rebooting in the sense of reopening the exchange with a limited purpose for getting assets off the exchange.<\/p><\/blockquote>\n

Related Reading: Shiba Inu Community Destroys 35 Million SHIB, Will It Shift The Momentum?<\/a><\/div>\n

The market is reacting positively to the news, despite the unclear issues. FTX\u2019s FTT continues to trend to the upside and breached critical resistance at $2.17; if the uptrend continues, the token might target $2.70 for the first time in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

Failed crypto exchange FTX\u2019s native token, FTT, is expiring upside volatility, recording important profits over today\u2019s trading session. The token is reacting to the news of FTX\u2019s potential relaunch. Related Reading: Over 3,000 Validators To Withdraw After Ethereum Shanghai Upgrade As of this writing, FTT is trading north of $2 for the first time since February and could continue to reclaim previously lost territory. The token moved sideways for months, and today\u2019s news was the first time it recorded positive price action. FTX To Relaunched? FTT Traders Go Long According to a report from Reuters, FTX\u2019s bankruptcy proceedings have been partially successful. The company\u2019s new administration recovered $7,3 billion in fiat and digital assets, according to FTX attorney Andy Dietderich, that testified in a U.S. bankruptcy court hearing. This amount represents an increase of around $1 billion in the company\u2019s effort to recover its users\u2019 funds. The failed crypto exchange is evaluating its options after spending months \u201ccollecting resources\u201d and trying to figure out what went wrong under the previous administration, led by its founder Sam Bankman-Fried. In that sense, Dietderich claims that the company overcame the \u201cworst\u201d of its situation and can start thinking about re-opening operations. FTX\u2019s new CEO, John Ray, has been hinting at relaunching the crypto exchange for some time. In an interview with the Wall Street Journal, Ray said the measure could allow them to \u201crecoup value\u201d for their clients. A separate report from CNBC claims that FTX\u2019s intentions are \u201cunclear\u201d as the new administration needs to provide further details about a potential reboot. If FTX returns, can users withdraw their money and trade with digital assets, or will the company attempt to become profitable to repay its debts to creditors? \u00a0These issues and others related to taxation, security, and user experience still need to be answered. Daniel Tramel Stabile, a partner at law firm Winston & Strawn, told CNBC the following: When we talk about restarting \u2014 rebooting \u2014 it\u2019s not totally clear what they have in mind. There could be a rebooting in the sense of reopening the exchange with a limited purpose for getting assets off the exchange. Related Reading: Shiba Inu Community Destroys 35 Million SHIB, Will It Shift The Momentum? The market is reacting positively to the news, despite the unclear issues. FTX\u2019s FTT continues to trend to the upside and breached critical resistance at $2.17; if the uptrend continues, the token might target $2.70 for the first time in 2023.<\/p>\n","protected":false},"author":535,"featured_media":526675,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87394,86845,71704],"class_list":["post-526674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftt","tag-fttusdt","tag-ftx"],"acf":[],"yoast_head":"\nFTT Token Surges 45% As FTX Explores Reboot<\/title>\n<meta name=\"description\" content=\"Failed crypto exchange FTX\u2019s native token, FTT, is expiring upside volatility, recording important profits over today\u2019s trading session.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"FTT Token Surges 45% As Crypto Exchange FTX Explores Reboot","url":"http:\/\/ktsl888.com\/news\/ftt-tokens-surges-45-as-crypto-exchange-ftx-explores-reboot\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ftt-tokens-surges-45-as-crypto-exchange-ftx-explores-reboot\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/FTT-FTX-FTXUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/FTT-FTX-FTXUSDT.jpg?fit=640%2C427"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ftt","fttusdt","ftx"],"dateCreated":"2023-04-12T18:32:16Z","datePublished":"2023-04-12T18:32:16Z","dateModified":"2024-06-11T14:35:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"FTT Token Surges 45% As Crypto Exchange FTX Explores Reboot\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ftt-tokens-surges-45-as-crypto-exchange-ftx-explores-reboot\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ftt-tokens-surges-45-as-crypto-exchange-ftx-explores-reboot\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/FTT-FTX-FTXUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/FTT-FTX-FTXUSDT.jpg?fit=640%2C427\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ftt\",\"fttusdt\",\"ftx\"],\"dateCreated\":\"2023-04-12T18:32:16Z\",\"datePublished\":\"2023-04-12T18:32:16Z\",\"dateModified\":\"2024-06-11T14:35:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/FTT-FTX-FTXUSDT.jpg?fit=640%2C427","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/526674"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=526674"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/526674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/526675"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=526674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=526674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=526674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}