Daily Crypto News

1. Singapore says retail investors ‘irrationally oblivious’ to crypto risks, plans tougher rules — Singapore is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies at a time when they seem to be “irrationally oblivious” about the risks, its central bank chief said.
2. Bitcoin Back Down Below $20,000 On Post-Jackson Hole Caution — The largest token fell as much as 2.3% on Monday to $19,527. That’s on course for a fifth straight day of declines, coming after US stocks fell on Friday following Fed Chair Jerome Powell’s speech at the Jackson Hole conference. The wider crypto market retreated Monday, with the MVIS CryptoCompare Digital Assets 100 Index dropping as much as 2.5%.
3. Bitcoin stays below US$20,000 Monday morning after Friday Fed shock—Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Chairman Jerome Powell rocked crypto and equity markets on Friday with comments about economic pain ahead as the Fed raises interest rates to tackle inflation.
4. SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit — The U.S. Securities and Exchange Commission has decided not to object to Ripple Lab’s request to seal identities of certain non-parties and Ripple employees in the Daubert motions, as its lawsuit against Ripple drags on.
5. Grayscale, Disclosing SEC Queries, Says Cryptos XLM, ZEC, ZEN May be Securities—The inquiry, which Grayscale disclosed in little-noticed filings made in June and mid-August, casts a shadow over the trusts’ viability at a time when the world’s largest digital asset manager is already dealing with a precipitous decline in its assets’ value due to the ongoing crypto winter.
6. First Time in More Than a Month — At 8:17 p.m., Bitcoin was trading at $19,609, down 1.9% over the past 24 hours. It’s the first time the cryptocurrency had traded below $20,000 since July 13, when it traded as low as $18,905.55. It’s still up 11% from its 2022 low of $17,726.51 reached on June 18.
7. Bitcoin slips below $20,000 following Powell’s hawkish remarks — The price of bitcoin dipped below the $20,000 level over the weekend, after Federal Reserve Chairman Jerome Powell warned on Friday that interest rates will keep rising.

Also read about New Coin : FMI COIN

FMI is a digital currency which is built on Binance Smart Chain. FMI is built to a company FMI network. More specifically it includes its own products such as investing in different types projects, Creating new projects etc. FMI COIN (FMI) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)

Contract: 0x9d427E2fe3ad2Cb93F83118d472A6068B4a778D6

You can buy FMI Coin in Pancakeswap or Bitkeep App.
You can checkout this to know in detail 👇

https://fmicoins.medium.com/how-to-create-fmi-wallet-on-bitkeep-app-e44a2a998e6a

Have a look at our Website : https://fmicoins.com/

Connect us on Telegram: https://t.me/fmicommunityofficial