Hello everyone! MNO is back with the regular cryptocurrency news digest and also news from the HYIP industry which has been in very bad shape for the last two years. I’m still here though and active as ever. So if you have any questions, suggestions, or advertising requests make sure to contact me by submitting your query via this online form, email me directly at abramsonp@gmail.com or request to chat in live mode on Telegram @mnoblog I will be pleased to hear from you, guys, as well as answer all your burning questions which you can also submit on the MNO ShoutBox chat here.

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I’ll start with having an outlook at the most important events that happened over the last seven days in our traditional Weekly CryptoNews Digest. We will be checking out the events that took place last week, September, 12 to September, 18, 2022.

In a week where quite a bit of the international media’s attention has been focused on events in the UK and the circus surrounding their queen’s royal funeral, I guess it’s only fitting that we start off this weeks crypto news digest there too. It’s been reported that a sharp drop in the value of the UK’s currency, the Pound sterling, could be luring investors back into cryptocurrency. In fact new research has shown that the UK is the only major UK economy to experience growth in the adoption of crypto since the start of the current year. London’s thriving tech scene and world class financial institutions are also among likely causes of the UK’s dominance in crypto. Or at least that’s according to the research carried out by the BlockChain business Chainalysis. It was one of the directors of that firm who pointed out that while people don’t always necessarily make the deliberate decision turn to crypto when the Pound sterling falls, but as the currency falls anyway other options simply become more attractive. And crypto is one of them.

Sterling incidentally has lost almost 20% of its value since January. That being said, the UK ranks 17th globally when in comes to crypto adoption, up four places since 2021. It is the only high income country apart from the USA to feature in the top twenty. Most of the other countries high on the list are emerging markets with more volatile currencies and capital controls.

Staying on more or less the same story line for now, that same Blockchain analytics firm Chainalysis has as I said published its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the countries with the highest crypto adoption. While the overall adoption slows worldwide in bear markets, it “remains above pre-bull market levels,” the firm said. Chainalysis published an excerpt of its upcoming report titled “2022 Geography of Cryptocurrency” highlighting the company’s 2022 Global Crypto Adoption Index, which ranked all countries based on their usage of different types of cryptocurrency services, the blockchain data firm explained. According to the index, Vietnam tops the list overall, followed by the Philippines, Ukraine, India, the United States, Pakistan, Brazil, Thailand, Russia, and China. Interesting to note how China moves back up on the list following a crackdown on crypto trading but not technically against actual crypto ownership.

Meanwhile on the other side of the Atlantic in the US, citing crypto’s potential for misuse while also noting its growing role in global finance, the White House has just released its first-ever framework on what crypto regulation in the U.S. should look like. The framework outlines how the financial services industry should evolve to make borderless transactions easier, and how to crack down on fraud in the digital asset space. Also connected to US politics, Coinbase users will be able to see which U.S. politicians are “crypto friendly” with a new in-app tool. The announcement was made on Twitter by the Coinbase CEO Brian Armstrong. The tool shows how different members of Congress measure up on their crypto sentiment, which can range from “very positive” to “very negative”. Perhaps it’s not all that interesting to non US readers here due to a lack of immediate relevance, but I disagree. The thing is, wherever the US goes it’s only a matter of time before most other (democratic) countries follow.

Continuing our online virtual global adventure, let’s cross the Pacific Ocean this time to South Korea. A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of cryptocurrencies Luna and TerraUSD, whose spectacular collapse in May roiled crypto markets around the world. Kwon, also the founder of blockchain platform Terraform Labs, has been accused of fraud by investors in the wake of the collapse. An arrest warrant has been issued in fact for a total of six people, including him, who are currently residing in Singapore according to Korean prosecutors. Kwon has so far himself declined to comment. The arrest order comes after months of investigation, including search and seizure operations at related offices and local cryptocurrency exchanges. TerraUSD, a so-called stablecoin that was once among the top 10 cryptocurrencies globally by market value, broke its 1:1 peg to the US dollar in May, plunging in value and sending paired token Luna plummetting with it. According to blockchain analytics firm Elliptic, investors in the two coins lost an estimated $42 billion. The market turmoil that ensued led to the failure of several major crypto companies including US crypto lender Celsius and Singapore-based crypto fund manager Three Arrows Capital. In an August video interview with crypto media platform Coinage, Kwon said he had moved to Singapore because of concerns about his family’s safety and rejected suggestions that the relocation was due to the crash or an attempt to evade investigators.

The Ethereum network’s highly anticipated Merge was successfully executed on Thursday, September 15th. This completes Ethereum’s transition from a proof-of-work to proof-of-stake consensus, reducing the network’s energy consumption by 99.95%. In an effort to make history, a user paid $60K, or about 36 Ether in fees, to mint the very first NFT on Ethereum after the Merge. This non-fungible token became the first to be minted with the network being governed by the proof-of-stake consensus algorithm.

But what does all that mean? What exactly is this so-called “merge”? The merge was the joining of the original execution layer of Ethereum with its new proof-of-stake consensus layer, the Beacon Chain. It eliminated the need for energy-intensive mining and instead enabled the the network to be secured using staked ETH. It was a truly exciting step in realizing the Ethereum vision—more scalability, security, and sustainability.

Moving further along to China now, despite enforcing a major cryptocurrency ban one year ago the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law. One of the world’s most hostile countries toward Bitcoin, China has not yet banned the possession of cryptocurrencies. Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement. It should be emphasized that crypto exchanges are still banned in China, and in reference to such there’s been a recent Chinese court case involving a breach of a loan made in the LiteCoin cryptocurrency. The defendant failed to fully pay back all 50,000 LTC that he borrowed from another party in 2015, which became a major court precedent involving cryptocurrency in China. Since 2015, the price of LiteCoin has jumped roughly 1,800%, as the cryptocurrency was trading at around $3 seven years ago, according to figures from CoinGecko. On August 31, the Beijing court ruled that the defendant owed his creditor the remaining amount of LiteCoin, rejecting the argument that the People’s Bank of China officially banned crypto transactions last year.

While crypto exchanges are banned in China, some local crypto enthusiasts are confident that the state has never explicitly banned individuals from trading cryptocurrencies. It’s true that China doesn’t want individuals to trade crypto. But this is never being written in any formal document found in legal precedent. According to anecdotal sources many mainland users see their bank cards frozen if they use them for crypto over-the-counter transactions. However, trusted OTC channels still allow crypto transactions in China. Basically then even though trading crypto is not illegal, no one wants to waste their time arguing with banks because obviously, they think everything about crypto is illegal. The latest news brings yet another piece of evidence that crypto has not been totally suppressed in China since the government announced a coordinated crackdown on crypto in September 2021. As previously reported, China returned its position as the second-largest Bitcoin hash rate provider as of January 2022.

That’s about all for our Weekly CryptoNews Digest. Hopefully you enjoyed it, and if so then check the MNO blog out next week for more. And now let’s go back to the HYIP industry and see whether RoboticsOnline have fully recovered after the extended period of silence that happened over the last six weeks.

NEWS FROM THE HYIP INDUSTRY

ROBOTICSONLINE – CERTAIN ISSUES WITH WITHDRAWALS CONTINUE AND MNO STATUS CHANGE MIGHT HAPPEN IN A FEW DAYS TIME

Unfortunately, it’s highly likely that RoboticsOnline is now paying selectively. At least, their support has admitted to me that some of the accounts were affected by some sort of a bug that prevents their investments from expiring successfully, so such people cannot withdraw. That happened just last week and affected 5% of all the RoboticsOnline accounts (well, that’s what I have been told anyway!). I have no chance to verify if that is true or not as I myself have not received any complaints from my downline in the program yet, but I guess we should be prepared for the worst. The only thing I can promise you is that I will be monitoring the current situation with RoboticsOnline and might change the program’s status on the MNO monitor in a couple of days, when my own investment with them expires.

Fairly speaking, there was a very lengthy update issued over the last week that tried to explain the current issues with payouts. However, it was so long and awkward that the admin seems to have totally lost the thread of conversation midway. After careful reading of the following update, I still have my doubts about the program’s reasons and willingness to pay investors what are owed. That’s why I urge my readers to exercise caution and refrain from reinvesting in RoboticsOnline, even if you’re still getting paid as usual. After all, in a few days time we will definitely find out whether the program is going to be pay to everyone (even to those allegedly affected by the technical glitch) or it was just some lousy attempt to buy time to scam more investors. Time and MNO will tell this for sure, so make sure you keep an eye on RoboticsOnline‘s status on my monitor.

Below you will find the lengthy update I’m talking about allegedly explaining the current situation with withdrawals followed by the regular daily updates from the RoboticsOnline official Telegram channel:

“A lot has happened in the last few weeks, and we want to talk to you about that. We have been trying to be open and transparent with all members since 2019 when we are asked about something.
Within the last 12 months, our company has experienced massive growth: With the free $300 offer, we spread across several continents.
With this growth came new challenges, including the technical aspect of our investment program. Many investment programs use ready-made, so-called “scripts”, which are extremely inexpensive to purchase, but have many limitations when it comes to functionality.
Since we started programming in 2018, we have worked with several programmers to design our own script, which has taken many hours, even months of work.
Due to the constant development of our platform, especially within the last 16 months, we had to spend so much more resources to improve our system, fix it, close bugs and ensure stability.
Due to this growth, we have had up to 6 programmers working full time, taking care of day-to-day operations, platform expansion and customer support (Tier 2).
We work a lot with partner companies, for example in marketing or customer support. The main number of our programmers was also from a partner company. Unfortunately, this company has serious problems due to the war in Ukraine, so the cooperation was stopped in the last months.
Many already knew this, because we had published an article in February 2022 to support them:
https://www.robotics.online/article/26-02-2022/help-the-ukrainian-army-in-crypto/
Unfortunately, the end of our partnership meant that since the last weeks we have only one programmer, instead of six. The current workload is not easily handled by just one person. The onboarding of new programmers is delayed and once they join us, they need an introduction to all the code.
This is the reason why some members have been waiting for a response from Tier 2 support for quite some time. Some bugs on our website are not fixed already, such as the tax report and some bugs with the lottery.
The last few weeks have been limited to securing our systems, closing bugs, securing our servers against further DDOS attacks, and preparing for the Ethereum merge.
After increased communications from members, we are aware that after our update in August, there seems to be an increase in bugs, including the display of correct lottery tickets when funds are reinvested on autopilot, the autopilot itself.
We are aware of this and can tell you that this is high on our priority list and we are working on it as soon as possible, especially the autopilot. The current realization is that only a small portion of all users are affected by this, as we are seeing a triple digit number of payouts per day.
Since there has been more action in this chat within the last few days, we want to show you that we are still here for you and are doing our best.
However, we ask for your understanding that we can no longer respond to private Telegram messages in the shortest possible time and that Tier 2 customer support has a waiting time of over a week. Tier 1 support is still available for you 10 hours a day and reachable via live chat.
By hiring new moderators in Telegram we were able to brave the flood of bots and fake messages, but please continue to watch your language as this has gotten a bit out of hand within the last 14 days.
Due to some uncertainty in this group, we have also decided to ask every member with a payout to post feedback in the form of screenshots from their finished plan as well as their withdrawal.
As a thank you, we will give you $5 for your proof, another $5 if you leave your feedback on Trustpilot. Contact @roboticsonline if you want to help us with that task!
We hope this post brings more transparency to what’s going on and helps you understand us.
Once we get new programmers hired and trained, things will improve drastically in a short time. We expect to have them hired by the end of September.
Best regards, the team & Kevin”

“Good news: We have hired 2 new users for the Telegram group, as well as for the support on our website. We know that some things are slower than usual, but this will improve within just a few days!
Thank you for understanding”

“Hetzner Anti-Crypto Policies…
The Merge, a German cloud provider owned by Hetzner, repeated its opposition to permitting mining operations for both proof-of-stake (PoS) and proof-of-work (PoW) applications just as the Ethereum ecosystem was finishing up its preparations for the eagerly awaited update.
The private centralized cloud provider, Hetzner, interjected into a conversation about operating blockchain nodes, pointing out that its terms of service forbid users from using the services for cryptocurrency-related activities.
Because Hetzner’s cloud services house approximately 16% of the Ethereum nodes, the Ethereum community saw the discovery as a danger to the ecosystem.”

“Bitcoin Mining Difficulty Is Expected…
Despite the decline in BTC price, Bitcoin mining difficulty is expected to increase for the eighth consecutive month.
The fundamentals of the bitcoin network have made a great rebound, suggesting that they don’t give a damn about short-term price volatility. Although Bitcoin (BTC) has dropped to six-week lows around $20,000, the fundamentals of its network are anything but pessimistic.
The most recent on-chain data demonstrates that hash rate and difficulty are rapidly increasing, far from capitulating.”

“Insta & Facebook Users…
Facebook & Insta users can link their wallets to post NFTs and digital collectibles to their accounts. “This will enable people to connect their digital wallets once to either app to share their digital collectibles across both,” said Meta.”

GET PAID REPORT FOR 19/09/2022

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: SteelWaves.

That’s all the news I have for you today, guys. Stay safe and best of luck with your investment and cryptocurrency ventures! Talk to you again soon on MNO – For Money Lovers!