New FTX CEO explores restarting exchange as Genesis’ lending unit folds

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin kept on rising over the past seven days, surging from around $20,500 to a high near the $23,000 mark. The cryptocurrency has since corrected slightly and is now trading at $22,800. Ethereum’s Ether, the second-largest cryptocurrency by market cap, traded in a similar way, starting the week at $1,450 and quickly moving up to $1,650, before dropping to a level slightly below that mark. Over the past week, it was revealed that FTX’s new chief executive officer, John J Ray, established a task force to explore restarting FTX.c…

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