Bitcoin Rallies After Release of Softer U.S. CPI – Blockchain News, Opinion, TV and Jobs

Marcus Sotiriou, Market Analyst at Listed Digital Asset Broker global block (TSXV: Block).

Bitcoin has risen to $17,800 at the time of writing following the US CPI softening announced this afternoon. The CPI was expected to rise 7.3% year-on-year, but at 7.1% it was significantly lower than his previous 7.7%, adding to the bullish move for bitcoin and other digital assets. That’s because the expected CPI of 7.3% points to a convincing downward move in inflation after his second consecutive month of declines. JP Morgan agrees with this idea, arguing that “the most likely scenario, according to the team, is a CPI print between 7.2% and 7.4%, with the S&P 500 rising by 2% to 3%.”

Sam Bankman-Fried (SBF) has been arrested in the Bahamas, according to local reports, citing the country’s Attorney General Ryan Pinder. his extradition.

“On December 12, 2022, the Office of the Attorney General of the Bahamas announced the arrest by the Royal Bahamian Police of former FTX CEO Sam Bankman-Fried (SBF),” the AG office reported.

The news follows reports that former Alameda CEO Caroline Ellison has hired Wilmer-Hale’s partner, Stephanie Avakian, an attorney who worked for the U.S. Securities and Exchange Commission (SEC). Bankman-Fried is reportedly hiring attorney Mark Cohen, who she represented for Ghislaine Maxwell in a recent sex trafficking case.

“The Bahamas will continue its own regulatory and criminal investigations into the FTX collapse, with continued cooperation from U.S. and other national law enforcement and regulatory partners,” said Prime Minister (PM) Philip Davis. rice field.

Unfortunately, SBF was to testify under oath before Congress today, and Congress was to indict him for the crime. Nevertheless, SBF may have already sinned enough in all the Twitter spaces he features.

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