SBI Digital Markets Obtained the Capital Markets Services License by the Monetary Authority of Singapore

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Today’s Cryptocurrency Headline

SBI Digital Markets, a subsidiary of Japanese financial services giant SBI Holdings’ digital assets division, has obtained the Monetary Authority of Singapore’s (MAS) Capital Markets Services (CMS) License. SBI DM will be conducting regulated activities across advising on corporate finance, dealing in capital markets products, and providing custodial services. SBI DM received In Principle Approval for its CMS license from the MAS back in early May 2022. 

BingX’s Bitcoin Chart

Source: TradingView & BingX

At approximately 06:43 UTC, Sep. 15, Ethereum successfully transitioned from a proof-of-work consensus mechanism to proof-of-stake. Bitcoin is down 1.05% over the last 24 hours and fell to an intraday low of $19,497.00. The largest cryptocurrency fell below the psychological level of $20,000 for the first time since Sept. 8, suggesting the demand dries up at higher levels. If buyers push the price back above the psychological level of $20,000, it will suggest that $20,000 continue to attract buyers. The BTC/USDT pair will then attempt to rise to the 20-day exponential moving average ($20,549). Conversely, if Bitcoin is unable to hold at the current level, the price could drop to the $18,510 to $17,622 zone.

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