Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Stargate brings Cronos closer to the future of Omnichain

2025-05-13

Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

2025-05-13

Bitcoin is confronted with key resistance after 10% rally

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10

    Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

    2025-05-10
  • Analysis

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»Yuck! FTX wants to relaunch…
Web 3

Yuck! FTX wants to relaunch…

2023-05-24No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

TL;DR

  • FTX’s new CEO, John J. Ray III, wants to relaunch the exchange

  • Here’s the argument against the move: centralized crypto exchanges require a lot of user trust, and FTX absolutely destroyed that trust when it collapsed last year.

  • Here’s the argument for the move: to entice users back to the platform, FTX would need to be so stupidly secure, transparent, and compliant… that it could become a selling point.

  • Is this enough? Probably not. But this idea is only floated in the hope that FTX can replace the lost money of its users and make it whole again.

Full story

Remember when Myspace came back from the dead and started taking market share from Facebook?

Of course not! It never happened.

The idea of ​​that happening makes more sense to us than the potential resurgence of FTX – but it doesn’t stop FTX’s new CEO, John J. Ray III, from toying with the idea!

Here’s the argument against the move:

Centralized crypto exchanges require a lot of user trust, and FTX absolutely destroyed that trust when it collapsed last year.

A MASSIVE rebrand (the likes of which has not been seen before) would be needed to change people’s gut reaction when they hear the letters ftx mumbled one after the other.

And while crazier things have happened, it all feels too soon for something like this to have a half decent margin of success.

Here’s the argument for the move:

FTX 2.0 is said to be one of the most researched exchanges out there.

See also  Unveiling the seamless future of blockchain applications

To entice users back to the platform, they would have to be so stupidly secure, transparent, and compliant… that it could become a selling point.

The sales pitch is:

“Sam Bankman-Fried is gone, the adults have taken the wheel – and they can’t afford to upset you!”

Is this enough?

Probably not.

But this idea is only floated in the hope that FTX can replace the lost money of its users and make it whole again.

With that in mind, we’ve got our fingers/toes crossed that old John J. can pull off the magic trick.

…that said, we’re not holding our breath.

Source link

FTX relaunch Yuck
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rooted in the south, built for the future

2025-05-12

.888: The domain for ambition and prosperity

2025-05-12

Insight into DNS, Onchain + Web3 domains

2025-05-12

Simplify the participation of Onchain with .depin & .xyo

2025-05-11
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Top Analyst Says Monster Breakout Is On Its Way For One Memecoin, Says Six Altcoins Are His Fastest Pick

2024-10-16

Ethereum whale initiates mass exodus from Binance

2023-11-05

LayerZero joins forces with Zora Network for free NFT mining

2023-09-05
Editors Picks

SEC Chairman Gensler is legally against

2023-07-01

Solana sets the top position in blockchain activity if monthly users hit 97.8m

2025-02-10

Democratic leaders support positive crypto reforms in 2024, but the community remains divided

2024-08-15

Secret Service launches Operation aimed at alleged money laundering from Crypto exchange

2025-03-17

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Stargate brings Cronos closer to the future of Omnichain

Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

Bitcoin is confronted with key resistance after 10% rally

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,317.76-0.86%
  • ethereumEthereum(ETH)$2,476.26-2.86%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.555.00%
  • binancecoinBNB(BNB)$650.20-3.05%
  • solanaSolana(SOL)$173.39-1.14%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.226210-9.38%
  • cardanoCardano(ADA)$0.80-3.20%
  • tronTRON(TRX)$0.264084-2.20%
  • suiSui(SUI)$3.97-4.35%
  • chainlinkChainlink(LINK)$16.58-4.48%
  • avalanche-2Avalanche(AVAX)$24.47-3.54%
  • stellarStellar(XLM)$0.306906-2.45%
  • shiba-inuShiba Inu(SHIB)$0.000016-9.88%
  • hedera-hashgraphHedera(HBAR)$0.208349-2.50%
  • hyperliquidHyperliquid(HYPE)$24.97-0.80%
  • the-open-networkToncoin(TON)$3.29-6.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.591.39%
  • bitcoin-cashBitcoin Cash(BCH)$398.58-3.86%
  • polkadotPolkadot(DOT)$5.01-4.16%
  • piPi(PI)$1.11-27.49%
  • litecoinLitecoin(LTC)$102.570.27%
  • moneroMonero(XMR)$340.49-1.06%
  • pepePepe(PEPE)$0.000014-6.79%
  • bitget-tokenBitget Token(BGB)$4.74-3.51%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.70-5.62%
  • bittensorBittensor(TAO)$460.66-0.29%
  • nearNEAR Protocol(NEAR)$3.07-4.29%
  • aptosAptos(APT)$5.72-5.01%
  • aaveAave(AAVE)$215.74-2.46%
  • okbOKB(OKB)$53.97-2.59%
  • ondo-financeOndo(ONDO)$1.01-5.67%
  • kaspaKaspa(KAS)$0.119265-3.72%
  • internet-computerInternet Computer(ICP)$5.60-5.65%
  • ethereum-classicEthereum Classic(ETC)$19.52-4.04%
  • gatechain-tokenGateToken(GT)$21.92-0.19%
  • mantleMantle(MNT)$0.79-4.25%
  • render-tokenRender(RENDER)$5.09-4.78%
  • crypto-com-chainCronos(CRO)$0.098959-2.09%
  • vechainVeChain(VET)$0.030324-6.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.249048-6.34%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-10.21%
  • ethenaEthena(ENA)$0.377064-9.40%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • algorandAlgorand(ALGO)$0.236772-3.66%
  • filecoinFilecoin(FIL)$3.04-5.79%
  • arbitrumArbitrum(ARB)$0.424956-8.61%
  • bitcoinBitcoin(BTC)$103,317.76-0.86%
  • ethereumEthereum(ETH)$2,476.26-2.86%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.555.00%
  • binancecoinBNB(BNB)$650.20-3.05%
  • solanaSolana(SOL)$173.39-1.14%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.226210-9.38%
  • cardanoCardano(ADA)$0.80-3.20%
  • tronTRON(TRX)$0.264084-2.20%
  • suiSui(SUI)$3.97-4.35%
  • chainlinkChainlink(LINK)$16.58-4.48%
  • avalanche-2Avalanche(AVAX)$24.47-3.54%
  • stellarStellar(XLM)$0.306906-2.45%
  • shiba-inuShiba Inu(SHIB)$0.000016-9.88%
  • hedera-hashgraphHedera(HBAR)$0.208349-2.50%
  • hyperliquidHyperliquid(HYPE)$24.97-0.80%
  • the-open-networkToncoin(TON)$3.29-6.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.591.39%
  • bitcoin-cashBitcoin Cash(BCH)$398.58-3.86%
  • polkadotPolkadot(DOT)$5.01-4.16%
  • piPi(PI)$1.11-27.49%
  • litecoinLitecoin(LTC)$102.570.27%
  • moneroMonero(XMR)$340.49-1.06%
  • pepePepe(PEPE)$0.000014-6.79%
  • bitget-tokenBitget Token(BGB)$4.74-3.51%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.70-5.62%
  • bittensorBittensor(TAO)$460.66-0.29%
  • nearNEAR Protocol(NEAR)$3.07-4.29%
  • aptosAptos(APT)$5.72-5.01%
  • aaveAave(AAVE)$215.74-2.46%
  • okbOKB(OKB)$53.97-2.59%
  • ondo-financeOndo(ONDO)$1.01-5.67%
  • kaspaKaspa(KAS)$0.119265-3.72%
  • internet-computerInternet Computer(ICP)$5.60-5.65%
  • ethereum-classicEthereum Classic(ETC)$19.52-4.04%
  • gatechain-tokenGateToken(GT)$21.92-0.19%
  • mantleMantle(MNT)$0.79-4.25%
  • render-tokenRender(RENDER)$5.09-4.78%
  • crypto-com-chainCronos(CRO)$0.098959-2.09%
  • vechainVeChain(VET)$0.030324-6.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.249048-6.34%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.82-10.21%
  • ethenaEthena(ENA)$0.377064-9.40%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • algorandAlgorand(ALGO)$0.236772-3.66%
  • filecoinFilecoin(FIL)$3.04-5.79%
  • arbitrumArbitrum(ARB)$0.424956-8.61%