Daily Archives: March 2, 2021

Federal Reserve Bank Sees Nationwide Outage Days After Treasury Sec Says Bitcoin is “Extremely Inefficient”

The Federal Reserve Bank experienced a nationwide outage with its electronic payment system on Wednesday afternoon. As reported, a Fed statement attributed the outage to an “operational error” but failed to provide any more details. The glitch affected the Automated Clearing House (ACH), the system which is being used for paychecks, bill payments, and other small and medium-sized transactions across…

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