Tag: Paradigm

Investment Firm Paradigm Still Optimistic About Crypto — Says ‘Issues at FTX Are Precisely Ones Defi Can Solve’ – Featured Bitcoin News

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Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ones that decentralized finance [defi] can solve through increased transparency and security,” the firm’s co-founder emphasized. Paradigm on FTX Collapse, Defi Paradigm co-founder Matt Huang took to Twitter to explain the impact cryptocurrency exchange FTX’s collapse has on his company. Paradigm is a San Francisco-based investment firm focused on supporting crypto and Web3 companies and protocols. “We are…

Paradigm co-founder feels ‘deep regret’ investing in SBF and FTX

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The co-founder of asset management firm Paradigm says they feel “deep regret” for having invested in FTX amid recent revelations involving FTX, Alameda Research, and Sam Bankman-Fried.  In a Twitter post on Nov. 15, Matt Huang, co-founder and managing partner of Paradigm said the firm is “shocked” by the revelations surrounding the two companies and their founder, adding: “We feel deep regret for having invested in a founder and company who ultimately did not align with crypto’s values and who have done enormous damage to the ecosystem.” Matt Huang, Managing…

Ex-House Speaker, Former Justice Official Join US Policy Crew Assembled by Paradigm

Ryan, who’d joined Gov. Mitt Romney’s ticket as the vice presidential candidate in 2012, will serve on the council with Steve Israel, a former Democratic congressman from New York who ran his party’s congressional campaign committee; Makan Delrahim, a former U.S. assistant attorney general for the U.S. Department of Justice’s antitrust division; Chris Brummer, a Georgetown University professor who established DC Fintech Week; and current and former officials from the League of Conservation Voters, Electronic Frontier Foundation and National Bankers Association. Source

Venture Capital Firm Paradigm to Host Crypto Tech Event for US Policymakers

To be held in Washington, D.C.’s Union Station, Hands On Web3 will be tailored toward policymakers, academics and the media. The event will include demonstrations from non-fungible token (NFT) marketplace OpenSea, crypto exchange FTX and crypto music startup Royal, among others. The demos will include ways for participants to get hands-on experience with crypto transactions like setting up a wallet or joining a decentralized autonomous organization (DAO). Source

Crypto Venture Capital Fund Paradigm Also Wants CFTC to Serve Ooki DAO’s Members

While the crypto industry has not tried to defend against the actual allegations – that the DAO, alongside its predecessor company, bZeroX, offered unregistered products to U.S. customers – it has collectively expressed concern about how the CFTC has gone about trying to bring a case against the DAO. Specifically, lawyers are concerned that the CFTC has painted a broad brush by trying to hold each voting token holder individually liable, as well as by trying to serve the entire DAO by posting the lawsuit in a web portal and…

Paradigm Leads $40M Series A for Blockchain Data Startup nxyz

Spun out of the private, ad-free search engine Neeva, nxyz aims to create fast, reliable and scalable blockchain indexing and data infrastructure, taking real-time data directly from the chains and their associated applications. The platform will provide developers with an application programming interface (API) suite to utilize that collected data. Source

Crypto Venture-Capital Firm Paradigm Leads $14M Funding Round for DeFi Platform Exponential

“Investing in DeFi is a labyrinthian hellscape that even the most devoted crypto evangelist can get lost in,” Exponential co-founders Driss Benamour, Mehdi Lebbar and Greg Jizmagian wrote in a post announcing the funding. “Finding legitimate projects, executing trades, moving funds across chains, tracking performance and filing taxes is more than enough to scare off most investors.” Source

Crypto Investor Paradigm Argues Infrastructure Providers Should Not Be Subject to US Treasury Sanctions

Paradigm acknowledged that sanctions can be an important tool to preserve national security, but said it believes base layer participants merely record and order data (which may include sanctioned addresses), but do not actively control sanctioned assets. Paradigm further suggested that stringent regulation would eventually push blockchain innovation offshore, making it more difficult to track crypto transactions for legitimate national security purposes. Source