Cartoon by Pat Byrnes
By that spring, Alex Kearns, a twenty-year-old student at the University of Nebraska, had been using Robinhood for about two years. The app had permitted him to trade options just months after he opened his account. Kearns grew up in Naperville, Illinois, with his sister and his parents. His father is an I.T. professional at a financial-services firm. The family was close. Kearns was known as an anxious but positive young man who played trombone in the high-school band, received a school-spirit award, and joined the R.O.T.C. at Nebraska, where he majored in business management. Kearnsâs cousin-in-law Bill Brewster, a professional investor, told me that heâd spoken with Kearns that March. âHe was happier than Iâve ever seen him,â Brewster said.
Qredo Raises $11M in Seed Funding
Qredo, a London, UK-based decentralized digital asset management infrastructure and product suite, closed an $11m seed funding round.
Backers included Amnis Ventures, Artus, Borderless Capital, 3commas, Wintermute, Celsius, CMS Holdings, Connect.Capital, Deribit, G1, GSR, Gumi Cryptos, Kenetic, Kronos, Maven 11, 1kx, Quantstamp, Q-Stone Partners, Spartan Group, SVK Crypto, Tokentus, Yellow and Zhou Holdings.
The company intends to use the funds to double its R&D team, bring in talent at the C-suite level, and advance its anticipated version 2 launch.
Led by Anthony Foy, CEO, Qredo uses a novel blockchain protocol that enables users to access cryptocurrencies on Layer 1 blockchains, such as Bitcoin, and Ethereum over a Layer 2 network. This innovation allows users to securely participate in new DeFi innovations such as accessing ‘cross-chain’ liquidity pools, trading collateralized derivatives, and executing cross-chai
Alkemi Network Launches Out of Stealth to Bridge CeFi to DeFi
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TORONTO, April 27, 2021 /PRNewswire/ - Alkemi Network is launching out of stealth as the world s first decentralized liquidity network to offer institutional DeFi. After closing a $4.6 million investment round with over $5 million of liquidity deposits seeded to the network, Alkemi is live on mainnet. The flagship borrowing and lending protocol, Alkemi Earn, provides centralized financial counterparties with compliant, turnkey access to DeFi.
Over the past 6 months, Alkemi has prioritized product, network reach and community buildout, whilst closing a growth round and onboarding 25 liquidity providers.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
EQUOS announces two new strategic liquidity providers
April 27, 2021 GMT
SINGAPORE, April 27, 2021 /PRNewswire/ Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, announced today that it has entered into strategic partnerships with algorithmic trading firm Kronos Research, and institutional liquidity provider Parallel.
As part of the partnerships, both Kronos and Parallel will serve as liquidity providers on EQUOS, the cryptocurrency exchange platform of Diginex, and become shareholders in Diginex. Fees paid by both partners will also secure them EQO, the unique exchange token of EQUOS.
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Robinhood s CEO defends high-frequency trading after its handling of the GameStop short-squeeze, saying that the practice yields better prices for the everyday investor
Robinhood s CEO defends high-frequency trading after its handling of the GameStop short-squeeze, saying that the practice yields better prices for the everyday investor
Shalini NagarajanFeb 10, 2021, 21:18 IST
Rafael Henrique/SOPA Images/LightRocket via Getty Images, Brendan McDermid/Reuters
Robinhood s CEO defended the practice of high-frequency
trading, saying it yields better prices.
Vlad Tenev said he ll start a series of occasional posts to explain the mechanics of market makers.
The investing firm was plunged into the spotlight over its handling of the