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Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The
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Ethereum scaling solution Optimism has raised $150 million in a Series B funding round co-led by top crypto investors Paradigm and Andreessen Horowitz (a16z) at a $1.65 billion valuation. The funding will largely go toward hiring, according to a Medium post from the company. Original Source
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Other investors include Sam Bankman Fried's Alameda Research and Three Arrows Capital. Source
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A futures spread trade is an arbitrage technique where a trader takes two positions on a commodity to capitalize on a discrepancy in price. So a trader buys one futures contract and sells another with a different expiry date. Instead of trading the price of the underlying asset – in
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Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CryptoX. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team. Source
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The ever-dynamic crypto mining industry has been even more active following China’s crackdown. The global hashrate has largely shifted to North America, making the US a key international mining hub where institutions now take central stage. This new demographic of miners have special requirements, which Foundry has been catering to
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Paradigm, a firm that provides liquidity to crypto derivatives traders, raised $35 million in a Series A funding round co-led by Jump Capital and Alameda Ventures.The round values the firm at $400 million, Paradigm said in a press release on Thursday.Over 25 other investors also participated in the Series A,
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Crypto investment firm Paradigm has revealed a new $2.5 billion”New Venture Fund” to expand its investment into cryptocurrency companies and protocols.According to a Nov. 15 announcement, Paradigm co-founders Fred Ahrsam and Matt Huang stated that “the fund and its size are reflective of crypto being the most exciting frontier in technology.” The
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Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced
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The venture firm launched by Coinbase co-founder Fred Ehrsam now has $2.5 billion for placing bets on the next big crypto project.Paradigm announced Monday the completion of its fundraising efforts. CoinDesk reported in October that the firm was raising around $1.5 billion, according to investor documents seen at the time.The
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