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Russian authorities in Rostov said the fires at two oil depots in the region have been extinguished.According to RIA Novosti, Ukrainian forces launched 41 attacks on Russias Belgorod region in one day, and 47 drones were intercepted.On July 11, the Ukrainian Presidential Office announced on the 10th that President Zelenskyy had signed a decree to establish a special command and a joint rapid reaction force. In a video address, Zelenskyy stated that a special command would be established within the Ukrainian Armed Forces to specifically handle long-range strike operations against Russia. This command would concentrate all available resources to further weaken Russias combat capabilities. He also said that existing assault forces would be reformed to form a modern, technology-driven joint rapid reaction force. This force would combine assault troops, artillery units, and unmanned combat capabilities to ensure rapid response on the front lines. He has appointed Brigadier General Dmytro Voloshin to lead this force. Zelenskyy also posted on social media that day that due to production constraints on the US Patriot air defense system and the European new-generation SAMP-T surface-to-air missile system, Ukraine would develop its own domestic air defense and anti-missile system.According to Saudi media Hadas, there are unconfirmed reports of loud explosions heard near Bakhdasht and Barshiin in Iran.July 11 - A 4.3-magnitude earthquake struck the Lima region of Peru at 11:42 p.m. local time on July 10, 2026. The epicenter was located approximately 22 kilometers southwest of Lurin, at a depth of 60 kilometers. The tremor was felt in the capital, Lima.

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

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