Tag: Paradigm

Dragonfly Capital, Paradigm Buy $27.5M Stake in Governing MakerDAO’s Future

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Venture funds Dragonfly Capital and Paradigm have acquired $27.5 million worth of MKR tokens and plan to take part in the Maker Protocol’s governance system. Announced Thursday by the Maker Foundation, the $27.5 million raised will fund the foundation’s efforts to promote dai adoption in China and the broader Asia region. It’s expected Dragonfly and Paradigm, who already have a strong presence in the region, will advise on the expansion. “Dai continues to be the stablecoin of choice in all global markets for its decentralization and overall stability,” said Rune Christensen,…

Deribit and Paradigm Launch Crypto Derivatives Block Trading

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Dutch crypto derivatives exchange Deribit launched a block trading solution in partnership with American trading communication platform Paradigm. World’s first block trading tool for crypto derivatives The institutional block trading solution is reportedly the first one of its kind offered by a crypto-derivatives exchange, the firms said in a press release shared with Cointelegraph on Aug. 22. The new block trading solution intends to enable institutions to directly negotiate crypto-derivative trades via chat on Paradigm, while agreed information is automatically directed to Deribit for execution and clearing.  What are block…

A New Crypto Paradigm or a Glorified Voucher Program?

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Facebook is controversial, if nothing else. The world’s fifth-biggest company by market cap, it’s also the biggest social network by a comfortable margin. Yet, despite the fact that most of us use it, we’ve become increasingly suspicious of what it’s been doing with our personal data. Ever since the Cambridge Analytica scandal (and probably long before), we’ve feared that such data isn’t particularly secure or private, so we’ve been pushing back against the social media giant, as witnessed with last year’s #DeleteFacebook campaign. But at the same time, those with an interest in…

Coda Leads $15 Mln Funding Round for O(1) Labs Including Coinbase and Paradigm

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Blockchain scalability project Coda has completed a new $15 million funding round for O(1) Labs, Coda announced on April 2. According to Coda, the new funding round involved major technology investors such as Accomplice, Coinbase Ventures, Paradigm, and General Catalyst. As specified on its website, Coda is a cryptocurrency protocol with a “tiny portable blockchain,” swapping the traditional blockchain for small cryptographic proof, which enables a cryptocurrency to be as accessible as any other app or website. Specifically, Coda aims to address blockchain’s scalability problem by compressing blocks and providing…