Bitcoin Barely Flinches After U.S. Jobs Report; Binance Withdraws License Application for Abu Dhabi Investment Fund

Hey, Corin hardly flinches after Jobs Day in the US. And Binance founder, Cz faces a new legal wrinkle. You're watching Coin Desk Daily. I'm your host, Jen Sani. All right, Bitcoin is slated to end the week about 14% higher despite dipping earlier Friday morning after the November jobs report, 199,000 jobs were added in the US last month, which was higher than economists expectations of 100 and 80,000 job gains. The unemployment rate also beat expectations dipping to 3.7%. Finance founder and former Ceo Chang. Pen Zhao will remain in the United States ahead of his sentencing in February next year. District Judge Richard Jones of the western district agreed with the Department of Justice in a ruling on Thursday night saying quote, a critical feature of the government's motion is the extent of the defendant's enormous wealth and absence of an extradition treaty. Sii pleaded guilty to violating the Bank Secrecy Act last month. While Zhao's bond originally allowed him to return to the United Arab Emirates where he lives. Prosecutors argued that he was a flight risk finance is withdrawing its investment management license bid In Abu Dhabi, a spokesperson told Coindesk quote, when assessing our global licensing needs, we decided this application was not necessary and quote. According to its website, the world's largest crypto exchange still has an application to offer custody of digit assets to professional clients. Finance is licensed in Dubai and that is the company's Middle East and North Africa headquarters. According to New Ceo Richard Tang, that's a wrap for coin desk daily, get more updates on coindesk.com and we'll see you next time.