How does it work?
ForbesCOINCAEX, a Guatemalan platform, prepares its arrival in El Salvador. COINCAEX seeks to be a mediation platform to exchange and receive bitcoin, enhancing and facilitating its opportunities for economic development.
PerspectivaThe legalization of Bitcoin as legal tender in El Salvador is a historic event that will generate new opportunities for businessmen and citizens.
Wall Street JournalSAN SALVADOR, El Salvador—Tiny and impoverished El Salvador’s move to become the first country in the world to adopt bitcoin as legal tender got off to a bumpy start, as the government took its bitcoin e-wallet offline for several hours after tens of thousands of people tried to download the app, overloading servers.
CriptonoticiasThe Guatemalan company Coincaex has decided to move its operations to El Salvador, after the law that gives legal tender to bitcoin in that country was approved by the Legislative Assembly.
BloombergThe Bitcoin community descended this week on El Salvador, the world’s first country to make the cryptocurrency legal tender, doubling down on their wildly bullish outlook on the digital coin while brushing off its recent descent from record highs.
Pulso CapitalSince President Nayib Bukele announced that El Salvador would be the first country in the world to recognize Bitcoin as legal tender, Guatemalans José Luis Guillen and Joan Godoy arrived in this country through the COINCAEX exchange. This being the first platform in Guatemala that expands the borders of cryptocurrencies to another country.
BeInCryptoThe (UTH) and the crypto exchange CoinCaex have formed a strategic alliance to promote education on cryptocurrencies and blockchain technology. Both parties were very enthusiastic about the agreement, and it was clarified that they will not only work to improve the understanding and education of cryptocurrencies and blockchain. There have been several rumors circulating on Twitter lately about the possible launch of a major Bitcoin-related milestone in the country.
Why does the price of Bitcoin fluctuate?
Volatility in investment assets is common, since over time they go through different contexts that shape their operation. Bitcoin has not yet found its volatility index that correctly measures its fluctuation, since the cryptocurrency is still in a growth stage like any asset at the beginning of its financial activity.
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