The Biggest Cryptocurrency Stories To Watch In The Coming Year

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

Compared to the preceding several weeks, the final week of December was quite calm. 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 U.S. District Court for the Southern District of New York will arraign disgraced FTX founder Sam Bankman-Fried on January 3.

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).

After U.S. District Judge Ronnie Abrams withdrew in December, U.S. Judge Lewis Kaplan was given the case against Bankman-Fried.

Data On U.S. Inflation

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

The CPI figures for December are supposed to 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 on February 1.