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U.S. Added 142K Jobs in August; UK Crypto Companies Struggle With Licensing

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'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the U.S. job growth returns slightly less than expectations in August.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the U.S. job growth returns slightly less than expectations in August. Plus, Telegram extends its moderators' reach to include private chats following Pavel Durov's arrest, and crypto companies in the UK are failing to meet the regulator's licensing standards.US, jobs growth comes in less than expected. And UK crypto companies struggle with licensing.

Following the report, Bitcoin rose about 1% but the price remained lower by 5% compared to levels a week ago. As of 10 a.m. eastern time, the leading Cryptocurrency is trading just below $56,000. The U K's financial regulator said 87% of crypto companies that applied for licensing under the country's money laundering rules failed to win approval in its most recent fiscal year. Four, out of the 35 applications received by the FC A managed to qualify.

 

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