From BTC touching ~$26.5K to Mastercard completing its CBDC trial, here is a 2-minute breakdown of everything important that happened in crypto today.
![What Happened in Crypto Today? [Oct. 13]](https://academy-public.coinmarketcap.com/optimized-uploads/bcdda8613410487086c95458125552b9.gif)
- Co-author: Davier M
Bitcoin slipped and got you all confused? CoinMarketCap is here to the rescue with an essential 2-minute rundown to concisely explain the dip and other crucial crypto stories.
But as always, before diving into the details, here is a TLDR of today’s stories:
- CFTC and FTC charge former Voyager CEO👮♂️
- Bitcoin dips following CPI report 📉
- China opens industrial park in Shenzhen to boost digital yuan ecosystem 🇨🇳💱
- Mastercard completes trial to wrap CBDCs on multiple blockchains ⛓
- Elliptic suggests $477M FTX hack in 2022 is linked to Russian group 🇷🇺💰
Alright, let's unpack all that!
CFTC and FTC Charge Former Voyager CEO Stephen Ehrlich 👮♂️
The regulatory cops threw the book at former Voyager CEO Stephen Ehrlich, accusing him of deceiving customers about their "safe haven" funds before the company sank.
Think he'll be crying crocodile tears like Caroline at his own trial? With Voyager owing over $1.7 billion, this case could get even messier. Here are some details!
Bitcoin Dips Following CPI Report 📉
Bitcoin dipped after the latest inflation report showed prices still painfully high at 3.7%. So much for the Fed pumping the brakes.
Looks like we're stuck in purgatory for now. Here are some details on expected rate hikes as the next FOMC meeting is approaching!
China Opens Industrial Park in Shenzhen to Boost Digital Yuan Ecosystem 🇨🇳💱
China's rolling out the red carpet for its digital yuan, opening an industrial park offering subsidies. With over 5 million merchants accepting it already, the e-CNY is gaining ground.
But can it compete with crypto? Here are some details on China’s effort to increase its adoption.
Mastercard Completes Trial To Wrap CBDCs on Multiple Blockchains ⛓
Mastercard wrapped central bank digital currencies on different blockchains, allowing easy transfers. While a small trial, it shows CBDCs could gain wider functionality.
If successfully implemented, blockchain adoption will spread like wildfire in TradFi. Read the full story here!
Elliptic Suggests $477M FTX Hack in 2022 Is Linked to Russian Group 🇷🇺💰
Blockchain sleuth Elliptic says evidence points to Russian hackers behind the $477M FTX attack as it collapsed. The stolen funds were mixed with those of criminal groups.
But how did it find the link? Read the full story here!
And that’s all folks! We will be back tomorrow with your daily download of crypto news. See you then!
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