The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Terraform Labs and its co-founder, Do Kwon, by submitting a demand for the company to pay civil fines and disgorgement in the amount of billions of dollars. The SEC has filed a petition in response to a judgement in a civil matter, … Continue reading SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon
The US Securities and Exchange Commission (SEC) recently announced it has settled charges against blockchain startup Enigma MPC. According to a statement by the SEC on Feb 19, Enigma had been charged by the regulatory body for conducting an unregistered offering of securities in the form of an initial coin offering (ICO). The SEC’s order … Continue reading Enigma Settles With US SEC Over Unregistered 2017 ICO
The ambitious DeFi liquidity project, Paradigm labs is shutting down its operations citing an inability to build a resilient business within the DEX ecosystem. According to the post on Medium today, Liam Kovatch CEO and Founder of Paradigm Labs stated, “After almost two years of active research and development, our team has come to the decision … Continue reading DeFi Liquidity Project Paradigm Labs Shuts Down, Unable to Find Niche in DEX Ecosystem
Yearn.finance (YFI) price has been surging in the past week, as the rest of the cryptocurrency market has been witnessing massive bullish momentum as Bitcoin has been leading the market. The YFI token has seen a 16.8 percent surge in the past 24 hours, and almost a 30 percent climb in the past week. The … Continue reading Yearn.finance (YFI) Sees Massive Price Spike, Analyst says a Bubble is not Possible in the New Paradigm
Amid the COVID-19 pandemic and the stress caused by the SEC lawsuit, Ripple continues to thrive, partnering with banking and financial institutions for cross-border transactions and payments services. With the technological wave triggered by the current pandemic, Ripple’s financial services have benefited, as COVID-19 has pushed banks to explore digital payments even more. Asheesh Birla, … Continue reading Ripple GM Reveals that the Blockchain Firm Is Actively Seeking to Partner with Banks for CBDC
Robinhood’s decision to stop the purchases of GameStop (GME) shares, along with AMC (AMC) and Blackberry (BBE), has spurred outrage from the cryptocurrency community. Although traders can still sell their shares, many are against the platform’s decision to delist GME, AMC, and BBE. Robinhood, along with other trading platforms such as Ameritrade has moved to … Continue reading DeFi and Crypto Community Explode as Robinhood Halts GameStop (GME) Trades
Normal 0 false false false EN-US X-NONE X-NONE General Motors Company may be open to accepting Bitcoin as an official method of payment in the future. During the firm’s fourth-quarter earnings call conference, General Motors CEO, Mary Barra, disclosed that the automobile company may accept the crypto as a form of payment. Barra revealed this probability when … Continue reading General Motors May Follow Tesla in Accepting Bitcoin Payments but Will Not Invest in Bitcoin – GM CEO
Normal 0 false false false EN-US X-NONE X-NONE Crypto venture capital firm Paradigm, Square, Fidelity Investments, and Coinbase crypto exchange have established a new cryptocurrency council to lobby policymakers to support the rapidly growing crypto industry. The aim of the newly formed trade group “The Crypto Council for Innovation” is to ensure that policymakers understand … Continue reading Square, Paradigm, Fidelity, and Coinbase Establish Crypto Council to Lobby Regulators
Crypto investment firm Paradigm smashed a previous record of $2.2 billion with $2.5 billion for the largest cryptocurrency venture fund ever, aimed at the “next generation of crypto companies and protocols.” Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang’s largest new venture-capital fund will invest alongside Paradigm’s flagship fund in big and … Continue reading Paradigm Bags Record-breaking $2.5b for Largest Crypto Venture Fund
Solana’s wallet Phantom has secured a $109 million Series B investment led by cryptocurrency firm Paradigm. Wallet, as the most critical user touchpoint, acts as a gateway for exchanges and smart contracts. Phantom is valued at $1.2 billion after this round of financing, which officially made Phantom a unicorn. A unicorn is a technology startup that … Continue reading Solana's Wallet Phantom has Secured a $109M Series B Investment Led by Paradigm