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HashKey Capital Obtains Operating License from Singapore Regulator

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Today’s Cryptocurrency Headline

HashKey Capital, the investment arm of HashKey Group, a digital asset financial services group, has been licensed by the Monetary Authority of Singapore to operate capital markets services and will provide fund management services in Singapore. Deng Chao, CEO of HashKey Capital Singapore, said that after obtaining the CMS license, HashKey Capital will be able to serve institutional and accredited investors.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Nonfarm Payrolls in the U.S. rose by 261,000 in October, beating economist forecasts for 200,000. The U.S. unemployment rate rose to 3.7% versus expectations for 3.6%. Bitcoin is up 4.56% over the last 24 hours and rose to an intraday high of $21,300.00. The largest cryptocurrency surged alongside the traditional equity market, as U.S. job growth increased more than expected in October, but the pace is slowing and the unemployment rate rose to 3.7%, suggesting that the Federal Reserve could shift towards smaller interest rate increases in the next FOMC meeting. The $21,000 price level has been a strong barrier for Bitcoin over the past week. If the BTC/USDT pair could maintain above this level, the pair could rise to $22,500.

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