Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
September 7, 2021 06:13 pm

Crypto exchanges struggle as El Salvador adopts Bitcoin





Illustration by Alex Castro / The Verge



Today, Bitcoin is becoming an official currency in El Salvador, and the markets and crypto exchanges seem to be struggling. On Tuesday morning, the price of Bitcoin plunged from around $50,000 down to under $43,000 according to Coinbase — it seems that the country’s official Bitcoin app also hasn’t been able to keep up.


CNBC reports that El Salvador’s official crypto app, Chivo, was unavailable for new users to install on Tuesday morning. The country’s president, Nayib Bukele, has since announced that the app would be reopening for signups, though he did call the new uptime a “test.”


Major exchanges like Coinbase and Kraken have also reported having issues with payments or transactions not going through or being delayed. Not everyone is...



Continue reading…




Original Link: https://www.theverge.com/2021/9/7/22660932/crypto-exchanges-el-salvador-bitcoin-price-dip

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge