The Federal Reserve is a cornerstone of global finance, but it’s not perfect. The dominance of the US dollar and the Fed’s control over its supply mean that Bitcoin alone won’t fix the Fed’s shortcomings.
Rep. French Hill (R-AR) has recently proposed a bill that seeks to bar the Federal Reserve from issuing a digital dollar, an effort to stave off potential regulation and surveillance of US citizens.
The Federal Reserve has officially launched its long-awaited 24/7 real-time payments service, FedNow. The service promises to enable a faster, safer, and more reliable way for individuals and businesses to transfer funds.
Fed Chair Jerome Powell is in the spotlight as he leads the Federal Reserve’s surprise rate hike to an historic high, prompting Bitcoin traders to brace for a possible dip in the cryptocurrency’s value.