Federal Reserve

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Fed says warns tech may have changed the pace of bank runs, points to "textbook" mismanagement

The Federal Reserve Bank of New York settled cross-border FX spot trades in under 10 seconds using distributed ledger technology (DLT) under tests as part of its “Project Cedar” it revealed today. Critically, the trades were conducted across a "multi-ledger ecosystem" it added. The New York Fed conducted

“I was a network administrator as well as a graphic artist; I ran Ethernet cable; I wrote scripts, programmed crontabs; and I designed charts and graphs on Interleaf…”