Tag: Paradigm

VC firm Paradigm taps Facebook, Instagram vet David Swain

Crypto venture capital firm Paradigm has appointed David Swain as its new chief marketing officer. Swain previously worked as head of global communications at Instagram and senior director of technology communications at Facebook. He also served as vice president of global partnerships at the social fitness app Strava. According to a report from The Block, Swain was enthused to join Paradigm, citing his extensive experience in the tech sector and his belief in the transformative potential of cryptocurrency. The report further stated that Alana Palmedo, Paradigm’s managing partner and chief…

Cryptocurrency is Not the Paradigm Shift You’re Thinking About – SuperCryptoNews

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Did you hear? Donald Trump will speak at the Bitcoin 2024 conference. The Republican Party put crypto on its electoral platform. Not too shabby. Another US presidential candidate, Robert F Kennedy, Jr, said he’d use blockchain to improve the government and offered Bitcoin as a currency option. That’s nice to know, but doesn’t that defeat the purpose? Why would you use blockchain technology to manage a centralized entity? You only need blockchains to manage entities that don’t share a common database or business process. Why does it matter whether the…

VC Firm Paradigm Secures $850 Million For Crypto Projects In Latest Fundraise

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Venture capital firm Paradigm has reportedly raised $850 million for its third fund, supporting early-stage cryptocurrency initiatives led by Coinbase co-founder Fred Ehrsam and ex-Sequoia Capital partner Matt Huang.  Increased Venture Capital Interest In The Industry Paradigm’s previous investments include prominent projects like decentralized exchange (DEX) Uniswap and Optimism, a scaling solution for the Ethereum blockchain.  According to Bloomberg, with the capital raised in the latest funding round, Paradigm aims to contribute to early-stage crypto work and plans to prioritize such projects in the future. Related Reading The latest fundraising…

Paradigm backs BTC staking protocol Babylon with $70m round

Bitcoin staking protocol Babylon has successfully raised $70 million in a funding round led by venture firm Paradigm.  Babylon’s investment round included participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, ViaBTC Capital, Amber, and HTX Ventures. The platform aims to use this fresh capital to drive its mission of establishing a Bitcoin-secured decentralized economy. It allows various proof-of-stake (PoS) systems, such as PoS chains, layer-2 solutions, data availability layers, and oracles, to use Bitcoin as a staking asset.  By using Babylon’s modular design and slashing functionality,…

Bitcoin Staking Project Babylon Raises $70M Led by Paradigm

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the […] Source CryptoX Portal

Farcaster, Blockchain-Based Social Media Startup, Raises $150M, Led by Paradigm

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

Similar to EigenLayer, Symbiotic will offer a way for decentralized applications, called actively validated services, or “AVSs,” to collectively secure one another. Users will be able to restake assets that they’ve deposited with other crypto protocols to help secure these AVSs – be they rollups, interoperability infrastructure, or oracles – in exchange for rewards. Source