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The investor claimed that 64% of Lido tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions. Go to Source
DEXes are not securities exchanges argues crypto venture firm Paradigm. Go to Source Powered by WPeMatico
The venture capital firm pointed out the fundamental differences between crypto assets and securities. Go to Source Powered by WPeMatico
Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a “pivotal” role in supporting startups. Go to Source Powered by WPeMatico
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer. Go to Source Powered by WPeMatico
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder. Go to Source Powered by WPeMatico
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 … Read more
Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment. Go to Source Powered by WPeMatico
Uniswap Labs, the firm behind the Uniswap decentralized exchange protocol, announced on Thursday that it raised $165 million in a Series B funding round. According to one report, the capital raise, which sees Uniswap Labs’ valuation rise to $1.66 billion, is the largest by any crypto firm in 2022. Uniswap Completes $165M Capital Raise, Decentralized … Read more
A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first reported … Read more
