In tandem with the COVID-19 global pandemic there’s been a recent, significant uptick in discussion about the launch of a ‘digital dollar.’ To be fair, given the far more accute priorities currently pressing national governments and a significant portion of the scientific community, it’s likely the idea won’t become a reality anytime soon.
Still, there have been some new, additional moves toward adapting the way the global reserve currency might be transferred to U.S. taxpayers and other constituents.
In March, U.S. Senator Sherrod Brown (D-OH) introduced a bill called the ‘Banking For All Act‘ that has been referred to the Senate’s Committee on Banking, Housing and Urban Affairs. It would require member banks, meaning national or state banks, or bank or trust companies that are members of one of the Federal Reserve banks, to maintain digital wallets, held by the Fed, for interested individuals and organizations that would be used to directly receive government payments. This would allow consumers to set up “FedAccounts” at their local banks.
Fund flows are strong for marijuana-related ETF investments, but bracing year-to-date declines range from 45% to 26%.
High conviction investment ideas rule at Valley Forge Capital Management, a Wayne, Pennsylvania-based equity hedge fund manager with around $450 million in assets. Here, founder Dev Kantesaria explains the firm’s ‘different’ approach to value investing and why there’s no place for ‘speculative securities’ and ‘ineffective financial engineering’ in the investment playbook…
Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, a hedge fund with more than USD 1 billion in assets under management, is a true a bitcoin believer.
In this interview with Cryptonews.com, Yusko talks about the opportunities he sees in the blockchain technology, the future of cryptocurrency, and the bitcoin-based exchange traded fund (ETF) approval saga.
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