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Stocks rose on Friday as investors cheered a key monthly jobs report that showed employment in the U.S. economy remained strong. The Middle East crisis and the resumption of work at U.S. ports also remained in the spotlight.The S&P 500 (^GSPC) rose 0.5%, and the Dow Jones Industrial Average (^DJI) rose 0.4%, with even bigger gains coming soon after. The Nasdaq Composite Index (^IXIC), which has a high proportion of high-tech stocks, rose 0.6%.September’s jobs report was much better than expected, as the U.S. economy added 254,000 jobs last month and the unemployment rate fell to 4.1%. Overall, the report…

Cryptocurrency exchange Coinbase will delist stablecoins that do not comply with the European Union’s Market for Cryptoassets (MiCA) regulations for customers in the European Economic Area (EEA) by December 30th. The move is in line with the EU’s efforts to introduce stricter controls on crypto assets, requiring stablecoin issuers to obtain e-money authorization in at least one member state.The new MiCA regulation is expected to be fully implemented by January 2025 and is part of a broader digital finance package aimed at standardizing the cryptocurrency landscape across the EU. Covers various aspects such as issuance, offering, and trading of crypto…

Payment processing giant Visa Inc. V has launched a new product called Visa Tokenized Asset Platform (VTAP) that allows banks to issue and manage fiat-backed tokens (such as stablecoins) on blockchain networks. Introduced. This new platform is part of the company’s broader strategy to integrate traditional finance and blockchain technology. Banco Bilbao Vizcaya Argentaria, SA BBVA, a major bank, is already working with Visa to test the solution and plans to run a live pilot on the public Ethereum blockchain in 2025.Why is this a big deal for Visa?Essentially, Visa offers a way for financial institutions to bring real-world assets…

Popular cryptocurrency exchange Coinbase plans to delist all stablecoins that do not comply with new European Union regulations by the end of 2024. This is an important move for crypto exchanges as the region prepares for full implementation of the crypto asset market. (MiCA) framework. Additionally, stablecoins like Tether (USDT) will face a tough time due to the latest announcements from crypto exchanges. Coinbase announces large-scale stablecoin delisting initiative in Europe The Market in Cryptocurrency Regulation (MiCA) aims to tighten control over the cryptocurrency sector and is expected to be fully implemented by the end of the year. Issuers of…

NEW YORK (AP) — Walmart on Monday denied partnering with the digital currency Litecoin after a fake news publication sparked a brief period of inaccurate reporting from national news outlets and social media users.Walmart spokesperson Molly Blakeman issued a news release claiming that a partnership between Walmart and Litecoin is “not real.”The false announcement was briefly featured in major press releases and media outlets including Reuters, CNBC and Yahoo Finance, but was removed and corrected. It was not immediately clear who created it.Let’s take a closer look at the facts here.Claim: Walmart announced a major partnership with the digital currency…

One crypto trader and analyst says the hot Solana (SOL)-based meme coin has further upside potential. An analyst known by the pseudonym Altcoin Sherpa told his 11,300 YouTube subscribers that POPCAT could soon convert to support level at $1. “One of the coins that I still think is very good is Popcat. I think this coin will break out of the $1 territory in a big way. I don’t know when. And then Bitcoin will collapse. Well, obviously not. But it still looks incredibly strong. And I still think the cats have caught up with the dogs a little bit…

Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. The fight over Ethereum (ETH) continues as more obstacles begin to emerge. We also saw a noticeable selling…

Vietnamese police have dismantled an international cryptocurrency fraud network and arrested multiple suspects suspected of defrauding Vietnamese citizens of billions of dong. According to local news outlet Thanh Nien, the operation was led by criminals from Laos’ Golden Triangle Special Economic Zone and involved scams luring victims into fake romantic relationships and fraudulent cryptocurrency investments. It is said that he was On October 4, authorities in Vietnam’s Nghe An province reported the arrest of five Vietnamese suspects in connection with the plot. Two of the five were young, 21 and 22 years old. Since September 2023, these individuals have lured…

Hong Kong, Hong Kong, October 4, 2024, Chainwire Moongate Protocol, a hot asset protocol disrupting a $1 trillion-plus hot economy, marks a key milestone in its expansion, the launch of the Moon Odyssey Community Points program, and the launch of its first NFT collection, Moongate・Announcing future releases of Voyager Pass. “The Moongate Protocol is a featured asset protocol that is revolutionizing brand and consumer engagement,” said Jonathan Mui, Founder and CEO of Moongate. Since securing a $2.7 million seed funding round earlier this year, Moongate has rapidly expanded its reach, growing the number of platform creators to more than 3,500…

The volatile performance of Dogecoin’s DOGE/USD has confounded traders, but renewed demand from small and medium-sized enterprises could increase the appeal of the apex meme coin. What Happened: According to trader Kevin, Dogecoin is down 13% in the past seven days and is in a bearish chart pattern. He predicts $0.08 as the next logical level where a “new base” could be built. Based on this #Dogecoin The chart has some quick facts to mention. Faking a breakout of a macro downward wedge = bearish. Lost all major 1D and 4HR moving averages = bearish. The only logical next step…