MARKET MOVERS

  • El Salvador Set to Open 'Bitcoin Embassy' in Texas. The move is expected to boost commercial and economic exchange projects between the two nations, with the embassy aiming to promote the adoption of bitcoin across the US. The new facility will provide a physical presence for bitcoin supporters to exchange ideas and promote wider adoption of the cryptocurrency.
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  • SEC to Vote on Safeguarding Crypto, and Speeding Trades. The SEC is set to vote on a new rule that would explicitly protect cryptocurrency assets held by investors. The rule requires investment advisors to have a third-party custodian hold a customer’s assets,* whether digital or physical, such as art. The move is expected to provide greater security for investors' assets and speed up trade execution.

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