Hello all! It’s great to see you back on MNO for the latest weekly news digest on cryptocurrencies over the last week, as well as learning the best and brightest investment opportunities from the once thriving world of HYIPs. After fifteen years online my monitor has one simple rule – fast scams are not welcome and only leaders of the industry can buy an expensive spot on my listings. As in general the post-Covid year has been bad for investors so far, and leaders of the industry have not materialized yet. However, it all might change in autumn, and regular readers know that MNO has been always at the forefront of any positive changes and welcome new trendsetters and the talented admins that can break the mould and set a positive example to their investors.

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Let’s now get to the latest Weekly CryptoNews Digest that covers the events people with BTC and other cryptocurrency holdings have been talking about. The week we have in mind is from August 22 to August 28.

The prospect of using BitCoin to pay for everyday purchases in your local high street/main street shops has come a step closer when MasterCard revealed a tie-up with the world’s biggest crypto exchange.

The card company said it was working with Binance to let people use their crypto holdings in more than 90 million shops across the world that accept MasterCard payments. The roll-out will start in Argentina with plans to expand from there. The chief executive of MasterCard posted online on a social media profile that they were looking to unlock the full potential of Blockchain technology and make it easier to access and easier to use for members of the general public. The main way of doing so is obviously bringing crypto into everyday transactions.

Having said all of that, the one thing that pushes cryptocurrencies further away from mainstream acceptance is their volatility and currently, their declining value. I mean it’s great that let’s say MasterCard are getting on board with Blockchain but to what end if consumers are less inclined to use the service? For example, BTC lost a further 5% in value in just two hours following the announcement from the US Federal Reserve that anti-inflation measures are going to get a whole lot tougher in the coming months. Yes, that’s going to hit the price of any currency, but 5% in two hours is simply unthinkable for any real paper money. At the end of the day I guess governments worldwide are warning their citizens to prepare for a cost of living crisis, so it only stands to reason that people who were holding money in crypto assets are cashing in on them now and taking advantage of the great profits that were available back in the day.

Further evidence of how crypto currencies are working their way into mainstream economics and economies can be seen in Australia right now. The country has often been seen as somewhat progressive and innovative when it comes to new technology for a long time now anyway so it’s hardly a surprise to see them leading the way when it comes to such things. The government there said on Monday that it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left administration that it plans to regulate the $1 trillion sector. Treasurer Jim Chalmers said that his department would undertake “token mapping“, or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency assets to regulate, and how.

My advice? Don’t expect much cooperation from crypto consumers there Jim, those guys usually like government interference with pretty much anything, never mind their independence over their own finances. Anyway, Australia would be the first country in the world to conduct such an exercise, with the increasingly widespread proliferation of crypto assets, to the extent that crypto advertisements can be seen plastered all over big sporting events, the state needs to make sure customers engaging with crypto are adequately informed and protected, the minister went on to say. Australia has wrestled for years with the question of how to regulate cryptocurrency, essentially meaning money that is regulated by decentralised computer networks rather than central banks. Calls for intervention have increased since 2020 when COVID-19 stimulus payments and home working prompted a surge in the sector’s popularity. Last year, a Senate inquiry under the previous conservative government recommended wide-ranging regulations to protect cryptocurrency owners, but that administration lost an election this May before any new laws were put in place. The Australian Securities and Investments Commission has also said it wants the sector regulated, citing its research that found 44% of retail investors held some amount of cryptocurrency as of late 2021.

FTX, a major crypto exchange, could be worth $15 billion to $20 billion in a public stock offering, based on estimates from the company’s recently leaked financial results. Founded only in 2019, FTX is now a major player in the world of digital assets. Based in the Bahamas, the company handled $57 billion in spot trading volumes in July of this year and $248 billion in derivatives like Bitcoin futures, according to data from CryptoCompare. Its US business has also expanded into stock trading and invested in the operator of the IEX exchange.

Finally for this week’s news digest, Ethereum, the second largest cryptocurrency, will complete a plan to lower its carbon emissions by more than 99% in the next month, the foundation that controls the platform has confirmed. It’s not exactly “new news” I suppose, we’ve been led to expect this for a while now but more exact details are starting to be made public in the last few days.

The project, called “the merge”, will result in Ethereum switching the underlying technology it uses for validating crypto transactions to a new process that requires less energy to manage. Once complete, the merge will end the role of “miners” in the Ethereum ecosystem, in a move helping to dramatically reduce electricity usage. These users run huge quantities of powerful, purpose-built technology all day, every day, to generate random numbers that affect the security of the overall network. The energy consumption of Ethereum mining is currently estimated at about 72 terawatt-hours per year, comparable with the power consumption of Colombia, with a carbon footprint equivalent to that of Switzerland. The changeover will lead to the platform moving away from a “proof of work” process, which requires cryptocurrency miners to generate random numbers to verify records stored on the blockchain – the technology underpinning digital currencies such as Ethereum and the more popular BitCoin.

Ehtereum will instead use a “proof of stake” process, in which the network will instead be secured by users who “stake” sums of the cryptocurrency, committing themselves to acting honestly at the risk of losing it. This model is currently being used on an experimental “beacon” blockchain, where it has been tested to ensure the theoretical security it provides is sufficient for the multibillion-dollar economy that sits on top of the Ethereum network. Now the experimental blockchain will take over the work of the main network. The final stages of the merge are expected to begin on 6 September, the foundation said, with the old blockchain switched off at some point between 10 and 20 September. Ethereum will not be the first network to use proof of stake, and others including Cardano and Solana have demonstrated the technology at a smaller scale. But its switchover will leave BitCoin, the largest cryptocurrency, facing renewed criticism for its continued reliance on proof of work (or in this case more to the point, energy consumption).

That’s all I have for you in this latest Weekly CryptoNews Digest. Tune in again next Monday for more updates on what’s going on this week! Now let’s get back to the HYIP industry and the latest news from RoboticsOnline.

NEWS FROM THE HYIP INDUSTRY

ROBOTICSONLINE – GERMAN LANGUAGE VERSION INTRODUCED AND MORE NEWS

There is some good news from RoboticsOnline – the program just introduced a German-language version of the site that can be activated by clicking the flag icon at the top right corner of the screen. The full translation of the website and making it bilingual will definitely work wonders, but only on condition that RoboticsOnline is actually still going to resume profit payments to existing investors in two weeks from now. At the moment, I would advise against making brand new investments in the program that changed plans for every single investor extending them from 12 to 36 business days, which adds over a calendar month to each and every active investment. The interest rates have been reduced as well from about 4.5% on every business day to about 3.5% which in effect make the profit on expiry about 12% after 50 calendar days – a very low rate of interest which makes me wonder whether RoboticsOnline is going to get back to normal. We will only know that in two weeks time from now, but the fact the admin is working on the site’s improvements in the meantime inspires some sort of cautious optimism. We will wait and see what’s going to happen next with RoboticsOnline and to make sure you won’t miss a thing keep an eye on MNO.

If you haven’t read my review of the program posted here you may as well be reminded that RoboticsOnline accepts investments via BitCoin, LiteCoin, Ethereum, and Tether ERC-20 starting from $50 and offers a single payout of expiry of the 36-business day term which was introduced just a few weeks ago. Below you will find the latest news taken from the official Telegram channel of the program over the last seven days:

“Hallo! RoboticsOnline Platform Is Available In German
It’s done!
We are happy to announce that we launched the German version of the RoboticsOnline platform.
More great changes and improvements are about to happen. Follow us to be the first one to find it out.”

“Ark Invest’s Cathy Wood Dumps Coinbase…
The third-largest shareholder in Coinbase, Ark Investment Management, has begun offloading COIN shares. The sale occurs as authorities investigate the exchange over claims of insider trading. By June, Ark Investment Management had owned about 9 million COIN shares. On July 26, according to the company’s daily trade report, more than 1.4 million Coinbase shares were sold.
Recent reports have shown that SEC is looking into Coinbase’s involvement in cryptocurrency insider trading. A former Global executive at Coinbase was detained on July 21 by American authorities on suspicion of insider trading.”

“Acala Network Freezes Network…
Following a $1.2 billion attack, the Acala network has frozen its network and tokens.
The iBTC/USD liquidity pool has a bug that a hacker used to compromise the Acala network on August 14.
Concerns have been raised about the project’s decentralisation as a result of the Acala network’s announcement that it will freeze the hacker’s wallet. Given that the protocol asserts to be censorship-resistant, crypto community members have questioned the effectiveness and credibility of Acala’s activities.”

GET PAID REPORT FOR 29/08/2022

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: –
From MNO Basic list: AyaFastMoney, Avenue7.

That’s about all I have to report on the MNO blog for today, guys. Thanks for tuning in and reading the news from the last week of summer. I hope to see you all back again already in September on MNO – For Money Lovers!