3 months ago 1 min read

Biggest Cryptocurrency Stories to Watch in Coming Year

ftx-defi-sec-metaverse-alameda-michael mccaffrey
Table of Contents

The most important news and happenings for 2023 are listed here.

Compared to the preceding few weeks, the final week of December was quite quiet. However, given the importance of Sam Bankman-legal Fried's case, economic statistics, and crypto conferences, things may heat up once more at the start of the new year.

Arrest of Bankman-Fried in New York

The United States will present Sam Bankman-Fried, the disgraced founder of FTX. On January 3, District Court for the Southern District of New York.

Six counts of conspiracy and two counts of wire fraud are brought against Bankman-Fried. Additionally, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are bringing civil lawsuits against him (SEC).

Bankman-criminal Fried's case was transferred to the United States. Justice Lewis Kaplan following U.S. Ronnie Abrams, a district judge, withdrew in December.

Start of the Crypto Conferences

The World Crypto Conference, which takes place from January 13 to 15, intends to connect conventional banking, Defi, and the Metaverse.

Jan. 25–27 sees the return of Quantum Miami. Both Francis X. Suarez, the mayor of Miami, and Andre Cronje are scheduled to speak there.

Sam Bankman-Fried, The Block's creator and the previous CEO of FTX and Alameda, gave a number of loans to Michael McCaffrey, the company's former CEO and majority owner. In December 2022, McCaffrey left the company for failing to disclose the transactions.

Data on U.S. inflation

Inflation in the United States started to slow down around the end of 2022. In order to combat the rise in the price of goods and services, the US Federal Reserve started raising interest rates in March.

The CPI numbers for December will be made public on January 12 at 8:30 a.m. EST. Inflation in November came in at 7.1%, which was less than the forecasted 7.3%.

In December, the Fed decreased the rate at which it raised interest rates, but there won't be a Fed decision this month. The next gathering is scheduled for February 1.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Coin Aquarium.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.