• About
  • Coincu
  • Hot topics
  • Random
Saturday, January 28, 2023
CoinCu News
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home Litecoin

The breakneck pace of adoption of cryptocurrencies could lead to failure, warns

June 21, 2021
in Litecoin
377
91
SHARES
3k
VIEWS
Share on Facebook

Bitcoin Keeps Rising In 2023 If Its Dominance Level Successfully Retests

Bitcoin (BTC) Could Soar Up By Over 50%, Says Economist Alex Kruger

The adoption of cryptocurrencies at a UK-based payment program is flourishing in the first quarter of 2021, but if that trend continues may be contingent on the actions of those dispersing Bitcoin (BTC), warns Elon Musk, STICPAY manager James Bay.

The mobile payments program reported a 48% growth in crypto deposits in the first quarter of the calendar year, while fiat deposits were level. Bitcoin is obviously the money of option for many STICPAY e-wallet users, with Bitcoin deposits outperforming Ether (ETH), Tether (USDT) and Litecoin (LTC) deposits by over 38 times.

The firm also reported that a 185 percent increase in the number of users converting fiat to crypto working with the wallet’s built-in money converter, compared to the exact same point this past year. This comes combined with a 12 percent decline in the amount of users that swap cryptos back for fiat.

Customer service manager James Bay stated that more and more cryptocurrencies are being seen as a possible shop of value, but stated that bitcoin remains a leader.

“Cryptocurrency is increasingly being accepted as a reliable means of storing money. But we have to say that bitcoin is leading the change in payment habits and challenging fiat currencies prospects, ”Bay said.

Bay warns, “The move to crypto is proceeding at breakneck speed, but whether that trend will continue,” cautioned Bay, whose remarks came when crypto markets saw a steep decline after months of rapid expansion.

Bay considers the protagonist of the tendency could depend on the activities of public figures such as Elon Musk, whose powerful tweets are shown to increase (or decrease) the price of any land.

“As recently as today, the prominent Bitcoin evangelist Elon Musk announced that Tesla will no longer accept the coin for environmental reasons, which will come after the announcement in March that the business will be liquidated. Bitcoins,” stated Bay, speaking to the abrupt one Reversal of Elon Musk. Tesla’s choice to allow Bitcoin as a payment method for its electrical vehicles.

Another well-known Bitcoin evangelist, Michael Saylor of MicroStrategy, announced that an additional purchase of 271 BTC on May 13, hours later Musk reversed the payment in Bitcoin. The total number of bitcoins on MicroSTrategy’s balance sheet is 91,850 BTC, which were purchased at different prices early last year.

Meanwhile, more than $ 1 billion value of bitcoin, worth more than $ 1 billion, stays on Tesla’s balance sheet – a fact criticized by industry watchers who hold Musk prepared to benefit from a coin he thinks is environmentally damaging is a signal of hypocrisy.

.

.

Bittrex Review: An Extraordinary Exchange Offers Over 400 Cryptocurrencies

Use Web3 Primitives To Explore The Web3 Growth Space Of Users

Elon Musk With Harmful Jokes

Elon Musk Is Satoshi Nakamoto: New Circumstantial Evidence Supports An Old Rumor?

My 6 Year Crypto Journey To Becoming A Day Trader

Will Elon Musk Keep His Promises For Web3?

Tags: # Cryptocurrencies#Bitcoin#Elon Musk#UNITED KINGDOMetherLitecoinTesla
Previous Post

Top analysts say XRP looks incredible and predicts big breakthroughs for two other altcoins

Next Post

Why is the cryptocurrency market correcting?

Other Posts

litecoin
Knowledge

Litecoin Is Now Being Delisted By Many Major South Korean Crypto Exchanges, But Why?

June 8, 2022
Review Litecoin (LTC) – Different Between Litecoin & Bitcoin
DeFi Reviews

Review Litecoin (LTC) – Different Between Litecoin & Bitcoin

January 7, 2023
Litecoin (LTC) Whales Transact at Highest Level Since Early 2021, Says Crypto Analytics Firm Santiment
Litecoin

Litecoin (LTC) Whales Transact at Highest Level Since Early 2021, Says Crypto Analytics Firm Santiment

April 17, 2022
Litecoin is battling “double top” risk after the LTC price rose 37% in November
Litecoin

Litecoin is battling “double top” risk after the LTC price rose 37% in November

November 15, 2021
6 questions for Daniela Barbosa at Hyperledger
Litecoin

6 questions for Daniela Barbosa at Hyperledger

November 8, 2021
RMB stablecoin in Shanghai, Evergrande FUD and FTX bullish | Sept 24
Litecoin

RMB stablecoin in Shanghai, Evergrande FUD and FTX bullish | Sept 24

September 24, 2021
Next Post
Why is the cryptocurrency market correcting?

Why is the cryptocurrency market correcting?

Leave Comment
  • Moonbirds Creator Kevin Rose Lost $1 Million In NFTs

    Moonbirds Creator Kevin Rose Lost $1 Million In NFTs

    155 shares
    Share 62 Tweet 39
  • Mango Markets Exploiter Hit With New Lawsuit

    110 shares
    Share 44 Tweet 28
  • ImmutableX Announces F2P Post-apocalpytic Survival Game With MMO Elements

    98 shares
    Share 39 Tweet 25
  • McDonald Is Still ‘100%’ Open To Elon Musk’s Offer To Accept Dogecoin 

    97 shares
    Share 39 Tweet 24
  • XRP Predicted To Surge While Synapse (SYN) Set To Rally By 115%

    105 shares
    Share 42 Tweet 26
Bitcoin Keeps Rising In 2023 If Its Dominance Level Successfully Retests

Bitcoin Keeps Rising In 2023 If Its Dominance Level Successfully Retests

January 27, 2023
Daily Active Users On Polygon Now Increases By 8% As Silvergate Falls 8.7%

Daily Active Users On Polygon Now Increases By 8% As Silvergate Falls 8.7%

January 27, 2023
Aave V3 Has Officially Deployed On The Ethereum Mainnet

Aave V3 Has Officially Deployed On The Ethereum Mainnet

January 27, 2023
Marathon Digital Forms Joint Venture In Abu Dhabi Announcing Mining Sites 250 MW

Marathon Digital Forms Joint Venture In Abu Dhabi Announcing Mining Sites 250 MW

January 27, 2023
ImmutableX Announces F2P Post-apocalpytic Survival Game With MMO Elements

ImmutableX Announces F2P Post-apocalpytic Survival Game With MMO Elements

January 27, 2023
Apple, Netflix, Binance And Coinbase Are Now Among The Collapsed FTX Creditors

Apple, Netflix, Binance And Coinbase Are Now Among The Collapsed FTX Creditors

January 27, 2023
Argo Blockchain Accused Of Defrauding Investors During IPO In 2021

Argo Blockchain Accused Of Defrauding Investors During IPO In 2021

January 27, 2023
Crypto Whale Suddenly Moves 3 Trillion Shiba Inu (SHIB) Worth At $38 Million USD

Crypto Whale Suddenly Moves 3 Trillion Shiba Inu (SHIB) Worth At $38 Million USD

January 27, 2023
Binance Will Temporarily Halt Deposits For Tron (TRX)

Binance Will Temporarily Halt Deposits For Tron (TRX)

January 27, 2023
Silvergate Declines In The Pre-market After Suspending The Preferred Dividend

Silvergate Declines In The Pre-market After Suspending The Preferred Dividend

January 27, 2023
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Coinbase
  • Trending
  • LuxWorld
  • CryptoLinks

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Video
  • Live Prices

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In