Crypto Maniac

MicroStrategy Founder, Michael Saylor, Anticipates a Bitcoin Price Surge Michael Saylor, Bitcoin advocate, and MicroStrategy co-founder, predicts a significant increase in Bitcoin prices, ignited by the approval of spot Exchange Traded Funds (ETFs). He believes that the de-facto six-lane superhighway between Wall Street and Bitcoin will facilitate the entry of large-scale institutional investors into the market. Theoretically, this could trigger billions of dollars in daily capital flows, far exceeding current levels of investment. Saylor asserts that spot Bitcoin ETFs are the conduits necessary for old money institutions to transition effectively into the cryptocurrency market. While spot ETFs have not yet been enacted, recent frenzied anticipation for their approval hints at the potential market shake-up on the horizon. As the co-founder of MicroStrategy - the largest institutional holder of Bitcoin - Saylor's perspective on this game-changing market tool is penetrating, valuable...

If you are a frequent user of public transportation in New York, you might have noticed a new option to pay your fare: OMNY. OMNY stands for One Metro New York, and it is a contactless fare payment system that lets you tap and go with your smartphone, wearable device, or contactless card. OMNY is designed to make your travel easier, faster, and more convenient. OMNY was launched by the Metropolitan Transportation Authority (MTA) in 2019 as a pilot program on select subway stations and buses. Since then, it has expanded to cover all subways and buses in the city, as well as some commuter railroads and paratransit services. By 2024, OMNY will replace the MetroCard as the only way to pay for public transportation in the region. How does OMNY work? To use OMNY, you need a contactless credit, debit, or reloadable prepaid card, a digital wallet supported by your smartphone, smartwatch, or wearable device, or an OMNY card. You can check if your card has a contactless symbol on the front or ba...

Stock media is a term that refers to any type of media content that can be used for various purposes, such as films, marketing campaigns, publications, and more. Stock media can include still images, videos, visual effects, and other forms of creative content. However, the current web2 solutions for stock media are not very favorable for content creators, who often have to sell their rights at low prices or pay hefty fees to intermediaries. This is where Envision comes in. Envision is a web3 solution that aims to empower stock media creators by leveraging the power and potential of NFT and blockchain technology. Envision is a platform that facilitates the peer-to-peer exchange of stock media content, where content creators can market and sell their content directly to consumers, without any intermediaries or fees. Envision also provides proof of ownership and control over the rights of the content through smart contracts and NFTs. Envision is powered by VIS, which is an ERC20 utility t...

Lead Shiba Inu Developer Shytoshi Kusama Assures Shibarmy All Funds Are Safe. Shibarium, the layer-2 scalability solution of the Shiba Inu ecosystem, faced some technical difficulties shortly after its launch on August 16, 2023. The network had to pause its operation due to a massive influx of transactions and users that exceeded its capacity. This led to some rumors and FUD (fear, uncertainty, and doubt) spreading online, claiming that Shibarium had bridge issues and that users’ funds were lost or compromised. However, the lead developer and co-founder of the Shiba Inu ecosystem, Shytoshi Kusama, denied these allegations and assured Shibarmy that all funds were safe and secure. Shytoshi Kusama is a pseudonym used by one of the key figures behind the Shiba Inu project, who prefers to remain anonymous. He is very active on Twitter and other social media platforms, where he updates the community on the latest developments and achievements of the Shiba Inu ecosystem. He is also responsibl...

  SpaceX Bids Farewell to Bitcoin: $373 Million Worth Liquidated. SpaceX, the aerospace technology company founded by Elon Musk, has reportedly sold all of its Bitcoin holdings, worth $373 million, that it acquired in 2021 and 2022.  The news was revealed by the Wall Street Journal, which accessed documents on the firm’s financials showing a write-down of the value of its Bitcoin by that amount 1 . SpaceX announced in 2021 that it owned some Bitcoin, following a similar move by Tesla, another company co-founded by Musk.  Tesla purchased $1.5 billion worth of Bitcoin in 2021 and later sold about 75% of it in 2022, according to its Q2 2023 earnings report 2 . Musk had also expressed his support for cryptocurrencies such as Dogecoin and Bitcoin on social media and in public events. However, SpaceX’s decision to sell its Bitcoin holdings may indicate a change in its attitude towards the crypto asset. The exact reasons for the sale are unclear, but some possible factors could ...

  Elon Musk’s SpaceX selling $373 million worth of Bitcoin: SpaceX, the aerospace technology company founded by Elon Musk, has reportedly sold all of its Bitcoin holdings and written down their value by a staggering $373 million. The news comes amid a turbulent year for the cryptocurrency market, which saw Bitcoin reach a record high of over $64,000 in April 2023, before plunging to below $30,000 in July 2023. According to a report by The Wall Street Journal 1 , SpaceX recorded $373 million worth of Bitcoin on its balance sheet in 2021 and 2022 but has since decided to liquidate the crypto asset. The Wall Street Journal claims to have obtained documents related to SpaceX’s financials, which revealed that the company incurred approximately $5.2 billion in total expenses for 2022. This includes expenses related to acquiring property and equipment, as well as research and development costs, totaling $5.4 billion for both 2021 and 2022. SpaceX’s decision to sell its Bitcoin holdings is...