Tag: Paradigm

‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase

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Paradigm, the crypto investment firm led by Coinbase co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the United States Securities and Exchange Commission (SEC). In March, Coinbase received a Wells notice from the SEC, potentially leading to the financial regulator taking enforcement action against the U.S.-based crypto exchange. In response, Coinbase filed a complaint against the SEC in April seeking to compel the commission to provide clear regulatory guidelines for crypto firms operating in the country. The May 10 filing from Paradigm…

SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm

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Criticisms of the United States Securities and Exchange Commission (SEC) are mounting as the agency remains unrelenting in its war on crypto. On April 21, Web3 venture capital firm Paradigm published a policy piece on the problems with SEC registration. It claimed that SEC chair Gary Gensler’s “attempt to brute force crypto assets that may not even constitute ‘securities’ into an ill-fitting disclosure framework is bad policy.” The firm, which invests hundreds of millions into crypto and Web3 startups, said the SEC fails to provide crypto asset users and investors…

Bybit and Paradigm join hands to launch USDT-margined delta-1 spreads

Bybit, a crypto exchange, has launched spreads trading on USDT-margined instruments in collaboration with Paradigm, a crypto derivatives trading platform. This partnership will allow traders to spread order books on over 30 cryptocurrencies. Bybit and Paradigm’s partnership Paradigm is an institutional liquidity network for crypto derivatives traders in centralized and decentralized financing. The platform provides traders access to multi-asset liquidity on multiple protocols without compromising execution preferences and speed. Paradigm aims to create a platform for traders to create and settle trades with anyone at any time. The Bybit and…

Paradigm Leads $7M Round for Optimism-Based Startup Conduit

Paradigm is one of the titans of the crypto venture capital industry, raising a then-record $2.5 billion for a new fund during the tail end of the bear market in Nov. 2021, which has since been topped by Andreessen Horowitz. Conduit has close ties to Paradigm – Andrew Huang is the brother of Paradigm co-founder and managing partner Matt Huang, who recused himself from the investment process. Andrew Huang also spent eight weeks as an entrepreneur in residence at the firm. Source

Web 3.0: A Paradigm Shift Towards a Decentralized, Semantic, and Intelligent Internet

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Web 3.0, colloquially referred to as the “Semantic Web,” signifies a transformative evolution in the way we interact with and leverage the internet. The emergence of Web 3.0 comes with the promise of enhanced interconnectivity, user empowerment, and distributed architecture, making it a compelling development for experts in various fields, including technology, economics, and law.   Decentralization and Distributed Architecture: One of the most distinguishing features of Web 3.0 is its focus on decentralization. As opposed to Web 2.0’s centralized platforms and services, Web 3.0 aims to distribute control across…

Paradigm, Pantera Capital, a16z may have over $5b tied up in Silicon Valley Bank

Three crypto venture capital firms, Paradigm, Pantera Capital, and Andreessen Horowitz (a16z), may have over $5b tied up in Silicon Valley Bank (SVB).  Crypto venture funds used Silicon Valley Bank Funds were reportedly held in custody by SVB, which was shut down and the Federal Deposit Insurance Corporation (FDIC) assigned as a receiver by the California Department of Financial Protection and Innovation on Mar. 10. Unconfirmed data, scrapped from the United States Securities and Exchange Commission (SEC) ADV file data over five years, shows that as of May 6, 2022, a16z related…

Sequoia Capital, Paradigm among VCs facing “tricky” FTX investor lawsuit

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Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform suggesting their efforts added an “air of legitimacy” to the now-defunct exchange, a case labeled as “tricky” by a crypto lawyer. A Feb. 15 Bloomberg report revealed a class-action suit filed Feb. 14 by FTX investors against venture capital firm Sequoia Capital and private equity firms Thoma Bravo and Paradigm. The firms were accused by the investors of touting “their own investments” of hundreds of millions of dollars in FTX. It was alleged the…

Crypto Options Market Has Become More ‘Interdealer’ Since FTX’s Blowup: Paradigm

The crypto market, like traditional finance, comprises the “buy-side” and the “sell-side.” The buy-side invests in assets and includes pension funds, mutual funds, institutional investors, hedge funds and retail investors. The sell-side, which includes commercial banks, investment banks, market makers, stockbrokers and other entities, is concerned with creating, promoting and issuing traded securities. Source

Paradigm releases ‘Ethereum for Rust’ to help ensure network stability

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Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology officer, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java, or other programming languages. A previous Rust implementation had been released in June, but developers stopped supporting it in November when they learned that Reth was under development, according to a post by the Erigon team. In the announcement, Konstantopoulos stated that the software has been released in…