The Federal Reserve’s system that allows financial institutions to send money back and forth electronically went down Wednesday morning. From a report: The “operational error,” as the Fed described it, impacted multiple services, including its pivotal automated clearinghouse system, which connects depository and related institutions send electronic credit and debt transfers. There were no initial indications that foul play was suspected….
Tag: The Federal Reserve
Can Oklahoma Return Its $2 Million Stockpile of Hydroxychloroquine?
A nonprofit watchdog news site in Tulsa, Oklahoma reports:
The Oklahoma Attorney General’s Office has been tasked with attempting to return a $2 million stockpile of a malaria drug once touted by former President Donald Trump as a way to treat the coronavirus. In April, Gov. Kevin Stitt, who ordered the hydroxychloroquine purchase, defended it by saying that while it may not…
US Treasury Nominee Yellen Wants to Encourage Cryptocurrencies — ‘For Legitimate Activities’
Business Insider reports: The bitcoin price was set for its biggest one-week fall since September on Saturday morning, having slipped around 10% since Monday… Bitcoin came under selling pressure this week after Janet Yellen, Joe Biden’s pick for Treasury secretary, suggested the use of cryptocurrencies should be “curtailed” because they were used mainly for “illicit financing”. Writing at Nasdaq.com on Thursday,…
Bitcoin Surges 50% in Just One Month. CNN Ponders ‘Insane’ Record Run
The price of Bitcoin increased 50% — in the last four weeks. Now priced at $26,579, “Bitcoin is crashing — upward,” quips CNN Business: The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa or Mastercard. Or Walmart… Its rapid rise has been remarkable — or insane, depending on…