Bitcoin

<p><em>- Co-author: <a href="https://coinmarketcap.com/academy/author/davier-m">Davier M</a></em></p><p>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.</p><p>But as always, before diving into the details, here is a TLDR of today’s stories:</p><ul><li><a href="https://coinmarketcap.com/academy/article/cftc-and-ftc-charge-former-voyager-ceo-stephen-ehrlich">CFTC and FTC charge former Voyager CEO</a>👮‍♂️</li><li><a href="https://coinmarketcap.com/academy/article/bitcoin-dips-following-cpi-report-as-inflation-remains-at-37percent">Bitcoin dips following CPI report</a> 📉</li><li><a href="https://coinmarketcap.com/academy/article/china-opens-industrial-park-in-shenzhen-to-boost-digital-yuan-ecosystem">China opens industrial park in Shenzhen to boost digital yuan ecosystem</a> 🇨🇳💱</li><li><a href="https://coinmarketcap.com/academy/article/mastercard-completes-trial-to-wrap-cbdcs-on-multiple-blockchains">Mastercard completes trial to wrap CBDCs on multiple blockchains</a> ⛓</li><li><a href="https://coinmarketcap.com/academy/article/elliptic-suggests-dollar477m-ftx-hack-in-2022-is-linked-to-russian-group">Elliptic suggests $477M FTX hack in 2022 is linked to Russian group</a> 🇷🇺💰</li></ul><p>Alright, let&#x27;s unpack all that!</p><h2 id="header-0">CFTC and FTC Charge Former Voyager CEO Stephen Ehrlich 👮‍♂️</h2><p>The regulatory cops threw the book at former Voyager CEO Stephen Ehrlich, accusing him of deceiving customers about their &quot;safe haven&quot; funds before the company sank.</p><p>Think he&#x27;ll be crying crocodile tears like Caroline at his own trial? With Voyager owing over $1.7 billion, this case could get even messier. <a href="https://coinmarketcap.com/academy/article/cftc-and-ftc-charge-former-voyager-ceo-stephen-ehrlich">Here</a> are some details!</p><h2 id="header-1">Bitcoin Dips Following CPI Report 📉</h2><p>Bitcoin dipped after the latest inflation report showed prices still painfully high at 3.7%. So much for the Fed pumping the brakes.</p><p>Looks like we&#x27;re stuck in purgatory for now. <a href="https://coinmarketcap.com/academy/article/bitcoin-dips-following-cpi-report-as-inflation-remains-at-37percent">Here are some details</a> on expected rate hikes as the next FOMC meeting is approaching!</p><h2 id="header-2">China Opens Industrial Park in Shenzhen to Boost Digital Yuan Ecosystem 🇨🇳💱</h2><p>China&#x27;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.</p><p>But can it compete with crypto? <a href="https://coinmarketcap.com/academy/article/china-opens-industrial-park-in-shenzhen-to-boost-digital-yuan-ecosystem">Here are some details</a> on China’s effort to increase its adoption.</p><h2 id="header-3">Mastercard Completes Trial To Wrap CBDCs on Multiple Blockchains ⛓</h2><p>Mastercard wrapped central bank digital currencies on different blockchains, allowing easy transfers. While a small trial, it shows CBDCs could gain wider functionality.</p><p>If successfully implemented, blockchain adoption will spread like wildfire in TradFi. Read the full story <a href="https://coinmarketcap.com/academy/article/mastercard-completes-trial-to-wrap-cbdcs-on-multiple-blockchains">here</a>!</p><h2 id="header-4">Elliptic Suggests $477M FTX Hack in 2022 Is Linked to Russian Group 🇷🇺💰</h2><p>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.</p><p>But how did it find the link? Read the full story <a href="https://coinmarketcap.com/academy/article/elliptic-suggests-dollar477m-ftx-hack-in-2022-is-linked-to-russian-group">here</a>!</p><p>And that’s all folks! We will be back tomorrow with your daily download of crypto news. See you then!</p><p><strong><em>Before you head out, take a sec to sign up for our newsletter below, and we&#x27;ll deliver the hottest crypto stories straight to your inbox!</em></strong></p><div class="html-block"><div><a href="https://coinmarketcap.com/newsletter/" style="display: inline-block; text-decoration: none; color: white; background-color: #3861FB; padding: 10px 20px; font-size: 20px; border-radius: 5px; font-weight: bold; box-shadow: 2px 2px 10px rgba(0,0,0,0.1); transition: 0.3s;"> Subscribe to Our Newsletter! </a></div></div>

What Happened in Crypto Today? [Oct. 13]

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