US Fed Panelists Decide CBDC Is Not a Top Priority

Panelists conclude Digital Dollars would add very little to the US economy.   Following a recent conference held by the United States Federal Reserve, it appears that the country’s key economists might not be too keen on CBDC development yet. The Fed Comes Together to Discuss the USD The Federal Reserve Board and the Federal Reserve Bank of New York hosted the event together. The conference mainly centered around the International Roles of the U.S. Dollar and featured top Reserve…

Crypto Prices Collapse as Bitcoin Dips Below $43k

Bitcoin crashed, together with other cryptos, on news that rate hikes may come sooner than expected. The crypto fear and greed index tipped to extreme fear as the oldest crypto dropped below $43,000. Other cryptos followed, with Ethereum dropping 12%, to $3,300. Most other major cryptos also posted losses in the double digits. Binance coin dropped to $460, down 10%. Solana dipped almost 13%, below $150, while Cardano dropped to $1.21, almost 10%. In total, the crash wiped out $200 billion in…