25/07/2022. Weekly CryptoNews Digest and News from the HYIP Industry

Hello guys. Thanks for tuning in to find out about the latest news in the HYIP industry as well as keep yourself in the loop of what’s going on in the cryptocurrency market. MNO has been online for over 15 years now while always been delivering some useful and up-to-date information on what’s going on, so you will be one of the winners if you add your email address on this page. That’s how you will be able to benefit from getting the original articles from the MNO blog directly to your email address within 24 hours of being published.

I am aware that the HYIP season has not started yet, but once it’s back to normal you might be interested in more information about the industry newcomers. Since MNO has always been working with elite programs whose admins are among the most utmost professionals in this field you might be interested in following MNO on such popular social media channels as Telegram, Facebook or Twitter. That way you will be able to receive instant notifications on when a new program is added to the MNO monitor and when the status of the current program is changed. And surely I would be happy to stay in touch with my readers who can contact me directly at abramsonp@gmail.com, by submitting their query via this contact form, or by chatting with me live on Telegram @mnoblog

Let’s start today’s post with the now regular Weekly CryptoNews Digest where I will give you the overview of all the events from the crypto market I believe might be of use to you in understanding current trends. The events described below have taken place over the last calendar week, July 18-24, 2022.

One of the most important news stories this week has been the recovery in prices across the board in crypto, including BitCoin though I would say with most significance in Ethereum. The reason here is that crypto mining has become a notoriously energy intensive activity, which was bad enough at the best of times but today with electricity prices globally soaring to an all time high, simply put the mining of new cryptocurrency is beyond the financial reach of most private individuals. In fact it had already been going that way for quite some time, with most new coins being mined by vast so-called crypto farms with huge financial reserves to make them operational. All that’s really happened now is that the idea of mining coins and earning a living from it is getting even further and further outside of the reach of regular people than it already was anyway.

All that might be about to change with Ethereum however, as new more modern and energy efficient mining methods look to slash production costs to just a fraction of what they are at the moment. That’s why the second-largest token ETH is up more than 50% in the past seven days, fueled by optimism over a highly anticipated upgrade to its network known as the “Merge.” Developers now expect the update, which would move Ethereum away from environmentally dubious crypto mining to a more energy-efficient system, to be completed by Sept. 19. Crypto mining has been highly criticized for contributing to climate change due to its energy intensive nature and as wildfires rage across Europe and the United States, the promise that Ether transactions could be less damaging to the environment has caused a wave of interest and consequently a recovery in value.

Meanwhile last week BitCoin broke the $24,000 threshold for the first time in more than a month, as hopes of a rate hike less aggressive than feared from the Federal Reserve triggered a relief rally in cryptocurrencies. The world’s biggest cryptocurrency surged as high as $24,047 Wednesday, up more than 8% in 24 hours and trading at levels not seen since mid-June, according to Coin Metrics data. Traders took comfort from the prospect of softer policy action from the Fed at its next rate-setting meeting. The effects of tighter monetary policy from the U.S. central bank have weighed heavily on risky assets like stocks and crypto. BitCoin is still down roughly 50% since the start of 2021. Digital currencies have been under immense selling pressure in the past couple of months, as the collapse of some notable ventures caused ripple effects in the market. Terra, a so-called algorithmic stablecoin, plunged to near-zero in May, setting off a chain of events that ultimately led to the bankruptcies of crypto firms Celsius, Three Arrows Capital and Voyager.

One man whose name is never far from the headlines when it comes to stories surrounding crypto related events is that of Elon Musk, as I’m sure regular readers of this regular MNO section will have noticed. Well, guess what? This week is no exception. Tesla, one of Musk’s primary business concerns, made waves last year when it revealed a major investment in Bitcoin, has now sold off most of its holdings of the cryptocurrency. The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the end of 2021. It is backing away as the value of the cryptocurrency has plunged, falling by more than 50% this year. Tesla said it bought traditional currency with the $936m (£782m) from its Bitcoin sales. The Tesla boss has been among the most high profile champions of cryptocurrency, with his pronouncements on social media often driving significant trading activity. Tesla’s $1.5bn investment in Bitcoin, revealed in February 2021, prompted a surge of demand in the currency. The price of the notoriously volatile cryptocurrency soared last year to almost $70,000 in November before crashing. Tesla last year stopped accepting Bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive Bitcoin mining. At the time, Elon Musk said on social media that the company “would not be selling the Bitcoin it owned”, proving as always that you either never trust the world’s super rich elite or else never believe them. I quite agree that all people are entitled to change their opinions when facts and circumstances change, it’s just that when you are one of the most financially influential people in the world that making such emphatic statements can have a dramatic affect on a lot of people. Whether it’s promising driverless tech or buying social media companies, Elon Musk’s pronouncements don’t always come to pass. Though it doesn’t seem to have hurt his business career up to now.

One positive story to emerge in the last week sees a report released by investment bank JPMorgan claiming that retail demand will return to the crypto markets soon. According to the bank, improved investor sentiment and increased excitement ahead of the Ethereum Merge has sparked the recovery, following an “intense phase” of deleveraging which now appears to be over. Demand among retail investors in the crypto market is also improving said the report on Thursday. “The extreme phase of backwardation seen in May and June, the most extreme since 2018, appears to be behind us,” the bank said. Crypto markets have bounced back in recent weeks as investors anticipate the Ethereum Merge as already mentioned above, which is the blockchain’s transition to a proof-of-stake consensus algorithm that is set to commence on Sept. 19. Ethereum network activity has increased alongside an uptick in investor sentiment, JPMorgan said. BitCoin and Ethereum are up 30.82% and 72.86%, respectively, since diving to lows of $17,600 and $876 in June. The recovery in asset prices is not seen in the crypto fund or futures space, indicating that demand is driven by retail investors, JPMorgan said, before adding that smaller wallets have seen an increase in Ether or Bitcoin balances since the end of June at the expense of larger holders.

In international news now, leaders of the Eurozone’s monetary authority support Europe’s central bank digital currency over crypto. No real surprise there I suppose, it is after all what they do. According to the post on the ECB’s site, cryptocurrencies cannot guarantee one-to-one convertibility with central bank money. They are not an efficient means of payment, especially if their value is not backed by any asset. And, in the case of Stablecoins, they are vulnerable to runs. Maintaining access to central bank money is crucial for financial stability when payments are becoming increasingly digital. The digital euro can achieve that, according to the President of the European Central Bank. The stability in the current model rests on private money being backed by public money which serves as an anchor. It was stated that payments are now undergoing a potentially disruptive transformation. People are increasingly paying digitally instead of with cash, a trend towards convenience and opportunities, which also brings some risks. With decreasing use of cash, public money could ultimately lose its role as the monetary anchor in Europe, and the euro losing public trust and international importance. A digital payments ecosystem without a strong monetary anchor would create confusion about what qualifies as money. The bank’s leaders are convinced that the digital euro can be successful only if it becomes part of the everyday lives of Europeans. The specific characteristics of its design are yet to be determined, as the CBDC’s investigation phase will take at least another year, but some key principles are already clear, they say. Wide acceptance, ease of use, low costs, high speed, security, and consumer protection are the attributes that users would appreciate. Merchants would seek low costs and ease of use as well as integration of the digital euro with existing systems. The new incarnation of Europe’s common currency should also support the financial inclusion of those with limited access to digital payments.

Finally for this week’s news digest we come to the UK, the rapidly failing state where I find myself living for at least the time being. The U.K. Treasury has unveiled its proposed digital asset legislation a day before members of Parliament plan to begin debate on the measures. According to a copy of the legislation published online, existing rules for banking and payment systems will be modified or extended to cover digital assets. The proposed regulations are part of a 335-page financial services and markets bill aimed at strengthening the U.K. financial systems following the country’s exit from the European Union. In the bill, cryptocurrencies are referred to as “digital settlement assets,” or DSAs for short, and defined as “a digital representation of value or rights.” The rules will largely apply to Stablecoins – cryptocurrencies whose prices are pegged to another asset, such as the US Dollar, along with other digital assets used for payments or settlements. The definition of DSAs laid out in the file also include digital assets used for payments that aren’t “cryptographically secured.” The rules come on the heels of a turbulent few months for crypto markets that saw a number of prominent crypto companies collapse and around $2 trillion leave the industry. The regulation also follows a promise from the U.K. government to turn the nation into a crypto hub before a series of cabinet resignations threatened to put regulatory plans on hold. The rules look to apply amendments to the banking act via “DSA service providers,” which include digital asset issuers, exchange platforms, wallet providers as well as any person that “sets rules, standards, or conditions of access or participation in relation to the payment system.” The bill was introduced last week with the first round of debates expected possibly on Thursday, though if anyone has been following the news from the UK in recent months it will not surprise me if this isn’t given any level of serious priority by the country’s parliamentarians.

That’s all the news from the crypto world for today. I will discuss more on the subject next Monday in another Weekly CryptoNews Digest. Stay tuned for more, guys, and meanwhile check out the latest from RoboticsOnline below.

NEWS FROM THE HYIP INDUSTRY

ROBOTICSONLINE – LATEST UPDATES ON COMMUNICATIONS, INVESTMENTS, AND PRODUCTS

I know it’s something of a cliché to start a news story with this line, but honestly, what can I say about RoboticsOnline that hasn’t already been said? Because in this case it’s true. Just think about this for a moment, in just a few weeks from now the program will be celebrating an astonishing three full years online. Throw into the mix that these three years have also seen some of the hardest, toughest, leanest times in the still relatively short history of the online HYIP industry, and you really do have to take your hat off to the RoboticsOnline admin team. In fact if we were talking about mainstream business the expression “economic miracle” wouldn’t be out of place.

With 15 years experience as a monitor under my own belt, and even more as an investor, one thing I can tell you for sure is that if you want to succeed in this business then you can never stand still. And that’s a policy certainly enforced by RoboticsOnline as the admin is constantly making improvements for the benefit of all investors. If only there were ten more like him out there today the industry would be an unimaginably better place.

Just to remind you about some of the basics, which I’m sure most of you are aware of but just in case, you enjoy an approximate 5% profit on expiry of a fixed-term 12 business day deposit which can start from a $50 minimum made via BitCoin, LiteCoin, Ethereum and, most recently, USD Tether ERC-20. The total ROI will be 4% to 5% and will depend on the RoboticsOnline financial performance which can fluctuate depending on the company’s profitability in the cryptocurrency and robotics markets. For a full and more comprehensive description about what RoboticsOnline are all about you should refer back to the original MNO review published here. The latest news posted below is mostly taken from their official Telegram channel which of course you should also follow:

“Get Support Super Quick And Easy
Hurray! We have a Chat Bot. Ask for help. Find useful links easily. And send us messages.
With the new Intercom integration, investment through RoboticsOnline is now more straightforward. But it’s just the start. The team continues to add user-friendly features to the chatbot.
Try it now and share your feedback!”

“RoboticsOnline Product Updates
On Monday we deployed Several Improvements.
– We added an automation script to check the logic of the accrual of money to the user including the bonuses for the long term and investment amount.
– We added a few automation scripts to check proper works for investment plans, dashboard, pagination etc.
– We improved small issues for LiveChat
Today, we are working on the taxes report and the filters part of the tax report task. Also, You will have the possibility to generate reports by periods and type of transactions.
One of the coming tasks is updating Lottery payouts.
Take care of yourself and your loved ones.
Stay tuned.”

“RoboticsOnline Product Updates
We deployed bunch of improvements last week.
– Wrote an automation script to check the correct work of changing information on Personal info feature.
– Changed the position of accept cookies button.
– Made a penetration testing using SQL injection in the system improving the system security
– Fixed invest plans profit calculation issue related to ‘Top up’ functionality that was discovered.
– Wrote an automation script to check the functionality of changing name of investment plans.
– Refactored intercom LiveChat code to send user’s “first name” instead of “nickname”.
– Found and fixed a bug on the mobile version of the website. The registration button is disappeared on resolution 1199*912.
– Made an automation script to check the logic of password recovery.
– Implemented all changes for invest plans and “estimated today’s profit”.
Take care of yourself and your loved ones.
Stay tuned”.

“Do you want a free $300 investment? Here you go!
Achieve your financial goals with RoboticsOnline by participating in thousands of pre-built investment opportunities worldwide—with just one investment.
Our thousands of members receive an average return of 8% per month and can earn up to 465% per year with compound interest.
For every active $25 investment, our company gifts you 1 ticket for the weekly lottery, where you can win between $0.10 and $1,000,000 per ticket, per week!
That’s not all: Right now, new accounts receive a free $300 investment! [No payment methods or deposits required]
With no prior knowledge, you can start in just 3 minutes!
1. Register your account (30s)
2. Choose your username (20s)
3. BONUS: Claim your free $300 investment! (10s)
4. Deposit using BTC, ETH, LTC & USDT. (90s)
5. Start your investment with as little as $50. (30s)
6. Earn up to 465% profit per year!
Start your financial future today:
Claim your free $300 investment (https://www.robotics.online/referral/)”

“Status update of our servers: On the 19th of July, we experienced some issues with our server infrastructure. Because of that, some transactions got stuck and could not be processed. We emailed all users who were affected by that.
That is also the reason why no lottery number was drawn for Tuesday.
It will take about 10 hours from now on to resolve the issue. We will keep you updated as soon as we have more information.”
“Status update of our servers: Everything works perfectly again. We apologize for the inconveniences.”

“Musk’s Tesla Stock Sale Windfall Dwarfs Twitter Loss
The losses of TWITTER scrap off by Elon Musk has been minimized by the massive cash inflow in billions brought by Tesla stocks.
However, it would be interesting to see Musk’s position at the end of this litigation battle.
Experts claim that Musk may have to sell more Tesla shares if he loses his legal battle with Twitter and would be required to endure the acquisition or pay a heavy fine, which would scare investors and hurt the valuation of his remaining Tesla holding.”

“More Than $400M In BNB
Over 1.9 million BNB tokens worth roughly $405 million were burned last Wednesday in a planned move as part of a quarterly burn program.
Also, it is likely said that the action is part of an automatic system to reduce the total supply of BNB to 100 million.”

“The UK’s Largest Bitcoin Conference
The UK’s largest #Bitcoin conference is coming to Scotland.
International recognized Bitcoin experts, authors, and content creators will participate in this conference. All eyes are on the big meet, as the aim is to use it as a catalyst for Bitcoin adoption in Scotland.”

“XPENG Robotics Brings In $100M
XPENG Robotics – Committed to establishing a holistic ecosystem for intelligent robots.
The company also hopes to use the funding to acquire new, top-tier talent, accelerate product development and boost its technology and product competitiveness.”

“Single Stock ETFs For Traders But Not Investors
Eric Balchunas said: The new ETFs offer leveraged and short-selling exposure to specific companies without requiring the hoop-jumping challenges of derivatives and options.
These ETFs are more specific for active traders who can monitor their portfolios daily but not for Investors.”

That’s all from the MNO blog for today. Thanks a lot for reading and have a profitable and successful week ahead. I hope to talk to you again soon on MNO – For Money Lovers!