Crypto Maniac

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...

  why the crypto market crashed today Fed interest rate hikes : The Federal Reserve raised interest rates half a percentage point last week, and Wall Street responded with a stock slump.  Crypto markets have followed suit, shedding more than 10% or almost $200 billion over the past week 1 .  Investors are moving back to traditional assets, as higher interest rates make them more attractive and reduce inflation fears 2 .  Crypto markets are highly correlated to indexes such as the Nasdaq, which is down 21% this year, while Bitcoin is down 22% 1 . Institutional interest cooling : The year 2021 was extremely bullish for institutional crypto investment, but that has not carried through to 2022. Big names such as Tesla, MicroStrategy, El Salvador, and several payment platforms got into crypto, driving the momentum and buying pressure. U.S. regulators even allowed the first Bitcoin futures exchange-traded funds to trade, which was also bullish.  However, in 2022, inst...