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Paradigm Operations
Paradigm Operations, often referred to as simply Paradigm, is an American investment firm based in San Francisco, California. The firm focuses on investments related to cryptocurrency and blockchain technology. Background In June 2018, Paradigm was founded by Coinbase co-founder Fred Ehrsam and Sequoia Capital Partner Matt Huang. This came at a time during a cryptocurrency bubble burst where cryptocurrency prices dropped significantly. The duo founded the company to invest in cryptocurrencies and the companies. In October 2018, Paradigm obtained $750 million in funding from institutional investors like Harvard, Yale Stanford to create an open-ended fund with no deadline to return the capital. The fund would invest 60% in cryptocurrencies and 40% startup equity stakes. Institutional investors were wary of cryptocurrency and did not want to have direct exposure but Paradigm was seen as a trustworthy investor in part due to its founders being seen as reliable due to their ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uniswap
Uniswap is a Decentralization, decentralized cryptocurrency exchange that uses a set of automated smart contracts to create liquidity pools for the execution of trades. It is an open source project and falls into the category of a DeFi product (Decentralized finance) because it uses smart contracts to facilitate trades instead of a Centralisation, centralized exchange. The protocol facilitates automated transactions between Cryptocurrency, cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts. , Uniswap is estimated to be the second largest decentralized exchange and the seventh-largest cryptocurrency exchange overall by daily Volume (finance), trading volume. History Uniswap was created on November 2, 2018 by Hayden Adams, a former mechanical engineer at Siemens. Adams is the Founder CEO, founder and Chief executive officer, CEO of Uniswap Labs, the company responsible for the development of the Uniswap Protocol, a Decentralization, decentralized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polychain Capital
Polychain Capital (Polychain) is an American investment firm based in San Francisco, California. The firm focuses on investments related to cryptocurrency and blockchain technology. Background Polychain Capital was founded in 2016 by Olaf Carlson-Wee. Prior to founding Polychain, Carlson-Wee was an employee of Coinbase where he was Head of Risk. Investors of Polychain include Andreessen Horowitz, Sequoia Capital, Union Square Ventures and Founders Fund. In January 2018, the firm considered holding an initial public offering on the Toronto Stock Exchange to raise $325 million but eventually decided not to proceed with it. The firm claimed $1 billion assets at the start of 2018 but dropped to $591.5 million as of the end of 2018, majorly due to the drop in the value of its holdings. In May 2024, Polychain made large payouts to Investors from two of its venture capital funds. Companies that Polychain Capital has invested in include Coinbase, Kik Messenger an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amicus Curiae
An amicus curiae (; ) is an individual or organization that is not a Party (law), party to a legal case, but that is permitted to assist a court by offering information, expertise, or insight that has a bearing on the issues in the case. Whether an ''amicus'' brief will be considered is typically under the court's discretion. The phrase is legal Latin and the origin of the term has been dated to 1605–1615. The scope of ''amici curiae'' is generally found in the cases where broad public interests are involved and concerns regarding civil rights are in question. In American law, an ''amicus curiae'' typically refers to what in some other jurisdictions is known as an intervenor: a person or organization who requests to provide legal submissions so as to offer a relevant alternative or additional perspective regarding the matters in dispute. In the American courts, the amicus may be referred to as an ''amicus'' brief. In other jurisdictions, such as Canadian law, Canada, an ''am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Artificial Intelligence
Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of research in computer science that develops and studies methods and software that enable machines to machine perception, perceive their environment and use machine learning, learning and intelligence to take actions that maximize their chances of achieving defined goals. High-profile applications of AI include advanced web search engines (e.g., Google Search); recommendation systems (used by YouTube, Amazon (company), Amazon, and Netflix); virtual assistants (e.g., Google Assistant, Siri, and Amazon Alexa, Alexa); autonomous vehicles (e.g., Waymo); Generative artificial intelligence, generative and Computational creativity, creative tools (e.g., ChatGPT and AI art); and Superintelligence, superhuman play and analysis in strategy games (e.g., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Block (website)
The Block is an American online publication specializing in cryptocurrencies. It is based in New York. History The Block was founded by Mike Dudas at the beginning of 2018. It raised $4 million from venture capital firms including Greycroft, Pantera Capital, BlockTower Capital and Bloomberg Beta. In 2020, Mike Dudas stepped down and Michael McCaffrey became CEO, having taken an undisclosed loan of $12 million from Alameda Research to buy out other investors and all former employees. Over the next two years, McCaffrey took two more loans from Alameda Research. One for $15 million to finance the ongoing operations of The Block and another for $16 million to purchase personal real estate in the Bahamas. After Alameda Research went bankrupt and McCaffrey's undisclosed loans totaling $43 million were revealed in December 2022, McCaffrey resigned and Bobby Moran, then CRO of The Block, became Interim CEO in November 2022. Moran said that no employe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trial Of Sam Bankman-Fried
''United States of America v. Samuel Bankman-Fried'' was a 2023 federal criminal trial in the United States District Court for the Southern District of New York. Financial entrepreneur Sam Bankman-Fried, commonly known as SBF, was convicted on seven charges of fraud and conspiracy following the collapse of his cryptocurrency exchange FTX in November 2022. After the jury's verdict in November 2023, on March 28, 2024, Bankman-Fried was sentenced to 25 years in federal prison. The trial and conviction of Bankman-Fried was one of the most notorious cases of white-collar crime in the United States and raised awareness within the business community over criminal activity in the cryptocurrency market. The trial had several implications, with financer Anthony Scaramucci calling Bankman-Fried "the Bernie Madoff of crypto". The trial received significant media attention, with daily coverage from major news outlets. Prior to his company's collapse, Bankman-Fried was celebrated as "a kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thoma Bravo
Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and has over $130billion in assets under management . It is the successor to the firm Golder Thoma & Co., which was established in 1980 by Stanley Golder and Carl Thoma. Thoma Bravo is led by managing partners Seth Boro, Orlando Bravo, Scott Crabill, Lee Mitchell, Holden Spaht and Carl Thoma. The company focuses on the application, infrastructure and cybersecurity software and technology-enabled business service sectors, and uses a "consolidation" or " buy and build" investment strategy. Investments , the company had completed over 440 software deals and as of 2020, oversaw a portfolio of over 70 software companies. Software investments Thoma Cressey Equity Partners began investing in the enterprise software sector in 2002 with the acquisition of Prophet 21, a provider of software for d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy Of FTX
The bankruptcy of FTX, a Bahamas-based cryptocurrency exchange, began in November 2022. The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users. On 2 November 2022, ''CoinDesk'' published an article stating that Alameda Research, a trading firm affiliated with FTX and owned by FTX chief executive Sam Bankman-Fried, held a significant amount of FTX's exchange token, FTT. The article triggered a spike in withdrawals from FTX, but eventually, customers became unable to retrieve the money they had deposited in the exchange. On 11 November, FTX, Alameda Research, and over 100 affiliated entities filed for bankruptcy. Bankman-Fried resigned as FTX CEO and was replaced by John J. Ray III. The collapse of FTX has had a wide impact on cryptocurrency markets, with compariso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Square Ventures
Union Square Ventures (USV) is an American venture capital firm based in New York City. The firm has backed more than 130 startups, including Twitter, Etsy, Stripe, Coinbase, Zynga, Tumblr, Stack Overflow, Meetup, Kickstarter, MongoDB, Flurry, and Carta. History Union Square Ventures (USV) was founded in 2003 by Fred Wilson and Brad Burnham. They created USV with the intent of investing in and fostering the development of early-stage companies. Their investments are "mostly U.S.-based Internet and mobile companies considered to be ‘disruptive’". Since its establishment, USV is one of the companies that are regularly included in Red Herring’s lists of top venture capital firms. As of 2016, USV had 7 billion dollar exits, including Twitter Twitter, officially known as X since 2023, is an American microblogging and social networking service. It is one of the world's largest social media platforms and one of the most-visited websites. Users can share s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citadel Securities
Citadel Securities LLC is an American market making firm headquartered in Miami, Florida. It provides liquidity and trade execution to retail and institutional clients. The firm also trades futures, equities, credit, options, currencies, and Treasury bonds. It is the largest designated market maker on the New York Stock Exchange. Citadel Securities is a separate entity from the hedge fund Citadel LLC, although both were founded and are majority owned by American hedge fund manager Kenneth C. Griffin. Citadel Securities moved its headquarters from Chicago to Miami in 2022 with plans to build a new headquarters on Brickell Bay Drive. Peng Zhao, who joined the company in 2006, has been the CEO since 2017. History 2000–2010 Citadel Securities was formed in 2002, as a market maker, providing liquidity and trade execution to retail and institutional clients. In 2008, Citadel Securities hired 70 people and Rohit D'Souza, a banker from Merrill Lynch, who left after ei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alameda Research
Alameda Research was a cryptocurrency trading firm, co-founded in September 2017 by Sam Bankman-Fried and Tara MacAulay. In November 2022, FTX, Alameda's sister cryptocurrency exchange, experienced a solvency crisis, and both FTX and Alameda filed for Chapter 11 bankruptcy. That same month, anonymous sources told ''The Wall Street Journal'' that FTX had lent more than half of its customers' funds to Alameda, which was explicitly forbidden by FTX's terms-of-service. At Bankman-Fried's trial, Alameda CEO Caroline Ellison testified that she was one of Bankman-Fried's main accomplices in channeling FTX customer funds into Alameda's coffers. In December 2022, Ellison pleaded guilty to two counts of wire fraud and five conspiracy counts involving wire, securities and commodities fraud and money laundering, in relation to her activities at Alameda Research and FTX. History Foundation In November 2017, Sam Bankman-Fried co-founded Alameda Research as a quantitative trading firm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
