Hello everyone! I hope you’re all doing well and I can’t wait to share with you the latest news from the HYIP industry as well the regular Weekly CryptoNews Digest MNO has been posting every Monday since the start of the year.

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I’m sure many of you have been enjoying the summer heatwave which seems to have gripped even northern European countries this summer. We’ve been blessed with amazingly hot weather this summer and I’m sure that’s somehow compensated for many people crushed by the costs of living crisis that hit the world economy which only recently seems to have started a recovery from the long Covid pandemic. Yet, from the perspective there is still not much hope in sight as both food prices and fuel keep rising and even the current bullish market resulting in slight recovery of crypto assets for many investors offers only temporary relief as we will see a clearer picture only in a few months.

Whether you’re in an optimistic or pessimistic mood regarding the current state of things in the crypto industry it’s always important to stay in touch with all the recent trends and events worthy of your attention. And for that purpose MNO will give you the regular Weekly CryptoNews Digest followed by the important news from the current undoubted leader of the HYIP industry RoboticsOnline.

Let’s start with the news from the field of cryptocurrencies, shall we? These are the main events that happened during the first calendar week of August, 1-7, 2022.

The boss of US trading app RobinHood has fired almost a quarter of the workforce as retail investors quit the platform amid falling crypto prices. The value of assets held by the California based business plummeted by almost a third in the three months leading up to June 2022 as almost two million users left the app. More recently then the RobinHood boss wrote in a public blog post that “we have seen additional deterioration in the macro environment with inflation at 40 year highs accompanied by a broad crypto market crash. In this environment we are operating with more staffing than appropriate.” This sounds like a fairly cryptic admission the company was punching above their weight as the saying goes, which seems to be a common malpractice among many such service providers. As recently as just March of this year RobinHood had almost 4,000 staff on their books depending on this employment to make a living. But no more.

This comes not only on the back of BitCoin falling over 45% since January, but also after cyber criminals stealing more than $200 million in digital assets in just 24 hours from different crypto firms, leaving customers looking at empty wallets. One of those companies, Solana, who feature elsewhere in this week’s news digest, only suggestion was that affected customers simply abandon any compromised wallets. Talk about a lazy unhelpful attitude towards your customers!

While we’re on the subject, let’s continue with Solana. During the last few days they have been dealing with an attack that saw thousands of Solana based wallets compromised. At the time, Solana Labs co-founder and CEO thought the exploit possibly stemmed from a supply chain attack. He explained that iOS and Android wallets were affected when he said: “most of the reports are Slope, but a few Phantom users as well.” Solana explained that the addresses affected in the hack were tethered to Slope mobile wallet applications. “After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications,” Solana wrote. “This exploit was isolated to one wallet on Solana, and hardware wallets used by Slope remain secure.”

The statement continued “While the details of exactly how this occurred are still under investigation, private key information was inadvertently transmitted to an application monitoring service. There is no evidence the Solana protocol or its cryptography was compromised.” Slope Finance published an official statement from the wallet team and breach details are vague. Slope said “A cohort of Slope wallets were compromised in the breach, we have some hypotheses as to the nature of the breach, but nothing is yet firm, and we feel the community’s pain, and we were not immune. Many of our own staff and founders’ wallets were drained.” Slope also added that the team was actively conducting internal investigations and audits, while working with security and audit groups. During the official statement, the Slope team further recommended that Slope wallet users “create a new and unique seed phrase wallet, and transfer all assets to this new wallet.” Slope added that if you are using a hardware wallet, your keys have not been compromised. Fresh data now indicates there were more unique addresses that were affected by the breach than initially reported. Statistics show almost 10,000 unique addresses suffered from the bug and that more than $4 million in crypto was stolen.

Meanwhile the popular European financial tech firm Revolut plans to increase crypto-focused staff by 20% across various international locations over the next six months. It is now advertising for 13 industry-related roles, including software engineers, crypto legal professionals, and financial compliance and crime prevention experts. Revolut has already hired 43 crypto-focused staff members this year alone, increasing its crypto team’s headcount by 200%. Across all teams, the firm has 230 open positions. The hiring push is intended to help Revolut expand its cryptocurrency offerings. It currently operates as an exchange platform for trading over 80 digital assets, and for earning crypto by rounding up spare change on daily purchases. It also lets users earn when learning about cryptocurrency on its platform. On Wednesday, the app added 22 new cryptos to its trading service – including APE coin.

“We see crypto as a long-term play and remain bullish on the crypto industry”, said Revolut’s crypto general manager. He said that crypto currently accounts for 5-10% of Revolut’s global revenue. The firm was launched back in 2015 and popularized as a low-cost and easy-to-use foreign exchange service. The activity in this area slowed during the Covid-19 outbreak due to travel restrictions and decreased spending. However, the firm’s crypto and stock businesses boomed in the meantime. UK customers buying cryptocurrency increased by 290% between July 2020 and July 2021, and by another 30% in July 2022. Transactions between each period increased by 800% and 50%, respectively. “Although there has been turmoil, interest in crypto assets has increased and we still have more customers trading crypto than during July 2021,” the manager said. In July 2021, Revolut was valued at $33 billion, making it Britain’s most valuable FinTech firm. Revolut stands out from other industry players like Coinbase and OpenSea, which were forced to lay off 18% and 25% of staff respectively as the bear market took effect in June. Both firms confessed to having overhired in 2021 when trading activity was higher at both organizations. Binance, however – the world’s largest crypto exchange – played a conservative hand during the bull market in preparation for a slowdown. In June the company CEO announced that the firm was hiring for over 2000 positions.

India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million). “We have been fully cooperating with the Enforcement Directorate for several days and have responded to all their queries fully and transparently,” said a spokesperson for WazirX, which is among the largest virtual currency exchanges in India.

“We do not agree with the allegations in the ED press release. We are evaluating our further plan of action.” The agency said its action was related to the investigation into the crypto exchange’s suspected role in assisting instant loan app companies in laundering the proceeds of crime by converting them into cryptocurrencies on its platform. The searches were conducted on one of the directors of Zanmai Lab, which owns WazirX. The ED said that it was conducting money-laundering investigations against several shadow banks and their FinTech companies for violation of central bank norms and indulging in predatory lending practices. “While doing fund trail investigation, ED found that large amounts of funds were diverted by the FinTech companies to purchase crypto assets and then launder them abroad, maximum amount of funds were diverted to WazirX exchange and the crypto assets so purchases have been diverted to unknown foreign wallets,” it said in a release.

A lot of these FinTech companies dealing in illegal lending practices were backed by Chinese funds, the investigating agency added. The ED launched its investigation last year into WazirX for suspected violations of foreign exchange regulations. In 2021, the ED was looking into a money laundering case which involved Chinese-owned illegal online betting applications. During the course of the investigation it was found that the laundered proceeds of crime worth about 570 million rupees had been converted into cryptocurrencies using the Binance platform, the ED had said.

Finally for this week’s news digest, Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from two law firms.

Last Thursday, New York-based legal firm Bragar Eagel & Squire revealed that it would be suing Coinbase for making deceptive claims about its business practices. Pomerantz LLP has also filed a claim against the exchange, alleging that it is entitled to compensation for any losses incurred as a result of the defendant’s violations of federal securities laws. This lawsuit was filed to compensate the plaintiffs. In both complaints, plaintiffs claim that Coinbase made fraudulent and deceptive representations regarding the company’s business, operations and compliance efforts between April 14, 2021 and July 26, 2022.

According to the complaints, Coinbase neglected to disclose that client cryptocurrency was kept in escrow at Coinbase, making it part of a bankruptcy estate subject to bankruptcy proceedings in which customers would be treated as general unsecured creditors of the company. Furthermore, Coinbase reportedly refused to disclose that it permitted U.S. citizens to trade digital assets that—despite its knowledge and complacency—required SEC registration as securities. As such, the lawsuits claim that Coinbase’s public representations were always, to a significant extent, false and deceptive as a result of the preceding actions. Coinbase has been involved in several court cases and controversial situations in the past. The two fresh lawsuits arrive as Coinbase is being investigated by the SEC for allegedly trading unregistered securities. Ishan Wahi, a former global product manager for Coinbase, is being accused of insider trading in a separate lawsuit. However, earlier this month, Wahi pleaded not guilty to two counts of wire fraud conspiracy in a Manhattan federal courtroom.

I hope you enjoy reading the MNO Weekly CryptoNews Digest and if so, then why not check for another issue next Monday. And now let’s see what happened in the HYIP industry over the last seven days as well.

NEWS FROM THE HYIP INDUSTRY

ROBOTICSONLINE – INVESTMENT TERM INCREASED TO 36 BUSINESS DAYS IN THE PERFECT PROGRAM FOR SLOW HYIP SEASON

If you’re desperately looking for the HYIP industry’s undisputed leader now then RoboticsOnline might be the definitive answer to all your prayers. The program has an extremely long lifetime of three years online which is impressive by any HYIP standard and has the longest-term records of smooth payouts to satisfied customers.

If you don’t know much about the program and haven’t yet read my detailed review posted here I should remind you of a few things. Just recently RoboticsOnline allowed investors to make deposits using US Dollars without conversion (which applies to everyone investing via other accepted cryptos – BTC, ETH and LTC). Namely, Tether ERC-20 is now available for investments starting from only a $50 minimum – the same minimum that applies to all the remaining currencies. Note though that BTC investments are now subject to a $200 minimum withdrawal and the admin claims it to be a temporary feature that will be removed soon. However, if you don’t want to wait for it to happen simply activate the “Autpilot” option for your investment in RoboticsOnline and then your deposit will automatically roll over for another investment term.

Speaking of the investment term though, it’s been reported today to have been increased from the previous 12 business days to 36 business days. And this rule applies to the currently running investment plans as well as the new investments. Regularly, I would exercise a word of caution if a program changes its investment plan so suddenly and increase the number of running days. However, we’re talking about the best program in the HYIP industry now in RoboticsOnline and the usual set of rules might not apply to a business surviving through thick and thin over the last three years. So I myself wouldn’t be worried that much about that change of plans, as an investor will still earn up to 0.5% on every business day which will made possible to get up to 18% of profit after a 32 business day term, which will count to 45 calendar days on average (although the daily profits have been also reduced as of late). Note that my review of RoboticsOnline still features the old investment term, but I plan to amend it as soon as possible to reflect the new changes in place now and will report hopefully next week about that on the blog. So stay tuned for further announcements, guys!

The changes in investment terms and reduced rates of interest to ensure that RoboticsOnline can successfully exist and pay withdrawals under new crypto market conditions we’ve all been witnessing lately has been the main subject of the most recent long newsletter posted earlier today. I will just let you read it now to draw your own conclusions of the further evolution of RoboticsOnline followed by the daily updates from the world of robotics and cryptocurrencies regularly featured on the program’s Telegram channel. Have a look below to find out more about it:

“First Implementation Of The Roadmap UI & System Changes
We at RoboticsOnline are pleased to announce that as of today, the first changes to the roadmap released in August are being implemented.
Besides UI improvements and other bugs, as of today, we have changed the structure of our investment plans. All investment plans will now run for 36 business days, instead of the previous 12 days.
We had already announced this change for the next months in the roadmap, but we decided to implement it already now.
The current global market situation has largely changed compared to the last 6 months, so our company has to adapt as well. We have tried to keep the profits at a constant level and have largely succeeded in doing so, as we have distributed the profits for our company to investors to a greater extent. From now on, the returns of our company will be further reduced, so that we will expect a decrease of about one third. Therefore, the future monthly returns will be about 5.4% according to the current calculation.
While the downside in the market sounds not good it isn’t really necessary for us to have a market that only goes up. We use different strategies to invest, we are also able to generate yield in falling markets. By changing the investment terms now instead of later, we are making sure to have enough time to adjust to all conditions. The security of our users’ funds and the stability of our platform is most important for us since 2019.
In the meantime, we will continue to work on the roadmap as usual and share every progress we make with you.
If you have any questions, we are always here to help you!
Best regards, your RoboticsOnline team”.

“US Federal Agency Issues Legal Advisory
The U.S. Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials must disclose their investments in NFTs and profits over $200 during the reporting period.
Based on the circumstances disclosed by each filer, collectibles may or not be required to disclose as financial investments.”

“OpenSea Announces Company Layoffs
The bearish state of the crypto market hits OpenSea, one of the largest NFT marketplace, as it announces 20% layoffs in the employee count. Since reaching an all-time high in November of last year, the value of the whole crypto market has decreased by more than two-thirds.
Several companies, including Gemini, Coinbase, and Crypto.com, have made personnel reductions in response to the recent market state.”

“Institutional ETH Sentiment Turns Positive
The greatest weekly inflows for the ETH assets since June 2021 were recorded for the week ending on July 15 and totaled $120 million.
Earlier, ETH investment products had been experiencing a protracted 11-week losing streak, with the year-to-date (YTD) outflows reaching a peak of $458 million in mid-June.
Investor sentiment is gradually increasing as the long-awaited Ethereum Merge nears completion.”

“Investors Shifting Towards Lower-Risk
In June, the price of bitcoin fell below its cost of mining, DeFi’s TVL fell by 33%, and the mid-month weekly BTC options reached their highest levels.
The net unrealized loss for Bitcoin has fallen to a three-year low, with the market value currently over 17% less than its total cost basis.
The profit/loss indicator proves that the bulls might be edging out the bears. In certain parts of the market, bullish and bearish attitudes are at odds with one another.”

“The Battle Between Crypto Bulls And Bears
In June, the price of bitcoin fell below its cost of mining, DeFi’s TVL fell by 33%, and the mid-month weekly BTC options reached their highest levels.
The net unrealized loss for Bitcoin has fallen to a three-year low, with the market value currently over 17% less than its total cost basis.
The profit/loss indicator proves that the bulls might be edging out the bears. In certain parts of the market, bullish and bearish attitudes are at odds with one another.”

“Aptos Labs Raises $150M, More Than Doubling Valuation
Aptos Labs raise $150Mmore than doubling its valuation, further highlighting the Venture capital’s demand for emerging crypto firms.
FTX Ventures and Jump Crypto jointly led the fundraising round, joined by Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures.
Despite the approaching “crypto winter,” venture capital is still making strategic investments in the blockchain and cryptocurrency sectors.”

“Over A Quarter Of Asian Pacific “emerging Giant” Startups Tied To Blockchain: Report
According to a KPMG/HSBC survey, big startups in the Asian Pacific prefer NFTs and DeFi above EV charging, quantum computing, and many other innovative technologies.
With more new technology firms popping up in the area, even as venture capital investment is falling compared to last year, the region is experiencing a significant commercial shift.”

GET PAID REPORT FOR 08/08/2022

Here is the list of the programs from my monitor that paid me for the last 168 hours:
From MNO Sticky list: –
From MNO Premium list: –
From MNO Standard list: RoboticsOnline.
From MNO Basic list: –

I do hope that you have enjoyed reading the latest news from the cryptoworld and the best examples of investment programs the HYIP industry currently has to offer. Stay tuned for more next Monday and thanks for staying with MNO – For Money Lovers!