The editor of the Morning Navigator newsletter discusses a variety of macro topics and how to trade against a very strange market. Today on the Brief: The DXY hits a 52-week low Consumers seeking alternatives to cash Bank of England rebuilds settlement system to work with CBDCs Our main conversation […]
Robinhood
7 posts
Dharma wants to do for DeFi what Robinhood did for stock trading: make it stupid easy. The Coinbase-backed decentralized finance startup is adding token-exchange protocol Uniswap as its latest in-app offering. In addition to earning “interest” on Ethereum stablecoins, Dharma users will now be able to trade any ERC-20 token […]
Stocks, ETFs and crypto investment platform Robinhood told prospective UK customers the launch in the country has been indefinitely postponed. Source link
Far from a fly-by-night, uneducated mania, the new day trader class represents a much more significant force for how public markets are changing. Even before the COVID-19 crisis, Reddit’s WallStreetBets channel was featured on the cover of Bloomberg BusinessWeek as an emerging market force. Since then, between the surge in […]
The suicide of a 20-year-old Robinhood trader should be a wake-up call for cryptocurrency exchanges that put revenue above customer protection, said a U.S. exec at one of the world’s largest such venues. Many exchanges were designed to encourage users to trade as frequently as possible, often with money they […]
This week, the wildest, most nonsensical, volatile part of the market wasn’t bitcoin, but the “Robinhood Rally” in equities. The stock market has long been disconnected from the underlying economy, but much of what happened this week – particularly the pumping of bankrupt company stocks – suggests that something new is […]
The largest 50-day “Robinhood” rally in stock market history and even stocks of bankrupt companies are up more than 100%. What is going on? Saudi Arabia injects $13 billion in bank liquidity via blockchain. China’s state TV CCTV says Binance is still allowing crypto trading in China. MakerDAO community greenlights […]