On August 13, Russia’s Central Bank called it a «technological financial pyramid scheme.» First Deputy Governor of the Bank of Russia, Sergey Shvetsov, likened buying Bitcoin to «entering a minefield» and said the local stock exchange should not list any companies that trade in Bitcoin . A month earlier, on July 18, the Bank of England’s FinTech […]

Bills that would allow legal cannabis businesses to access banks or claim normal business deductions have passed the House of Representatives. In a joint statement, new Senate Majority Leader Chuck Schumer and Sens. Corey Booker and Ron Wyden said they would pursue and prioritize «comprehensive cannabis reform legislation» in the […]

Fed Getty Images Forbes | James Alexander Michie

The Fed is going to buy stocks. I don’t know precisely when (sorry day traders), but it will happen, and probably soon. The first half of the Fed’s dual mandate is to promote maximum employment — that means avoiding and mitigating recessions. Supporting the S&P 500 is central to this effort, not […]

Distinctions between public and private markets have been gradually diminishing. Historically, public markets acted as a significant source of capital and liquidity for growing companies and their shareholders; in recent years, however, liquidity has been shifting towards private capital. Research estimates that private capital markets (comprising both private equity and […]

Denver Post Getty Forbes | James Alexander Michie

More than 600 of the nation’s physicians sent a letter to President Trump this week calling the coronavirus shutdowns a “mass casualty incident” with “exponentially growing negative health consequences” to millions of non COVID patients. “The downstream health effects…are being massively under-estimated and under-reported. This is an order of magnitude […]