Paul Veradittakit, General Partner of crypto investment and asset investment firm Pantera Capital, made important statements about blockchain. Veradittakit, stated that the right time to open a blockchain company is in his statements about blockchain. General Partner of Pantera Capital, made the following statements regarding the issue:
“In our experience, bear markets typically represent a time when there is less noise and distraction from construction. We have also observed that institutions and businesses are more open than ever to working with blockchain companies to improve their businesses.”
Veradittakit further stated that investors have largely moved their investments to regulated exchanges and decentralized exchanges. He stated that this situation will set an example for future crypto money investors.
Statements from Changpeng Zhao created a stir
After the domino effect of the FTX crisis, Binance CEO Changpeng Zhao announced that Binance had established an industry recovery fund to help the industry recover. Binance CEO announced that 4-5 deals were made regarding Binance’s recovery fund at the AMA on Twitter. It is hoped the fund can help companies going through a critical period to survive as the industry struggles with crises like Terra, FTX and Genesis.