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Ftt

All articles tagged with #ftt

cryptocurrency2 years ago•2 min saved

"Bitcoin's Price Dips Below $39K in First Mover Americas"

Bitcoin slips below $39,000, hitting its lowest level since December, as institutional sales from newly launched ETFs continue to weigh it down, causing average declines in the broader crypto market. FTT, the native token of bankrupt crypto exchange FTX, rises as much as 11% after FTX's bankruptcy estate dumps 22 million shares of Grayscale's GBTC bitcoin ETF. Meanwhile, Donald Trump reiterates his opposition to central bank digital currencies at a rally in New Hampshire, crediting former Republican candidate Vivek Ramaswamy for the policy.

via CoinDesk|

#bitcoin #central-bank-digital-currencies #cryptocurrency

cryptocurrency2 years ago•1 min saved

FTX's FTT Token Skyrockets on SEC Chair Gensler's Revival Remarks

The FTT token, native to FTX cryptocurrency exchange, has surged by 90% after comments from SEC chairman Gary Gensler, who emphasized the importance of operating within the law and building investor trust in the crypto industry. Several groups are reportedly vying to take over FTX following the guilty verdict of its founder, Sam Bankman-Fried, on seven criminal charges. The rally indicates optimism for a potential relaunch of FTX 2.0, although it remains uncertain if a native token would be used. FTT is currently trading at a seven-month high of $2.30, with trading volume exceeding $300 million in the past 24 hours. Institutional traders previously expressed concerns about the platform's performance.

via CoinDesk|

#cryptocurrency #cryptocurrency-exchange #ftt

cryptocurrency2 years ago•2 min saved

"Sam Bankman-Fried Trial Highlights Dogecoin and Solana, Excludes FTT"

During the first day of FTX founder Sam Bankman-Fried's criminal trial, Bitcoin, Ethereum, Dogecoin, and Solana were mentioned, but FTX's native token, FTT, was notably left out. The trial revolves around allegations of fraud and conspiracy, with Bankman-Fried facing seven charges. FTX filed for bankruptcy after a drop in FTT's price led to a flurry of withdrawals. Bankman-Fried's defense argues that the loans made to Alameda Research were permitted and backed by reasonable security and collateral. The trial also introduced cryptocurrencies to the jury, with witnesses mentioning Bitcoin, Ethereum, Dogecoin, and Solana.

via Decrypt|

#cryptocurrency #ftt #ftx

cryptocurrency2 years ago•3 min saved

FTX Token's Future Uncertain as Exchange Reopening Remains in Question

FTX's token FTT surged almost 100% after the exchange's lead bankruptcy attorney floated the possibility of reopening the exchange, but quickly reversed and sunk back down to a 19% loss over the past day. The token's value remains down more than 97% from its all-time high of $84.18, set in September of 2021. The possibility of FTT having any value in relation to FTX's reopening is unlikely due to legal liability, according to Ari Paul, the Chief Investment Officer and Managing Partner of BlockTower Capital.

via Decrypt|

#bankruptcy #cryptocurrency #ftt