Currencies

Fed Chair Powell hints on digital dollar timing

Federal Reserve Chairman Jerome Powell said that the central bank was advancing research and public outreach regarding its own digital dollar – and a white paper could be released this fall.

Bitcoin mining operation in Finger Lakes sparks local concerns

A gas-fired power plant being used to support a Bitcoin mining operation in upstate New York has divided local residents over the environmental toll of the energy-intensive process versus the economic benefits the business brings to town.