“The two entities, Alameda and FTX Ventures, did not merge,” Wu told CoinDesk via Telegram. “Sam decided to launch FTX Ventures as a new fund and investment strategy [at the] beginning of the year because we felt there was a great opportunity to support entrepreneurs in the space our own way.”
Related posts
-
Robinhood to launch crypto futures in the U.S. and Europe
Robinhood is reportedly considering offering cryptocurrency futures in the U.S. and Europe, but no official launch... -
crypto will get positive regulation ‘no matter who wins’ election
Galaxy Digital founder and CEO Mike Novogratz told CNBC’s ‘Squawk Box’ on Tuesday that the US... -
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate...