26/09/2022. Weekly CryptoNews Digest and News from the HYIP Industry

Hello all, and welcome again to the MNO blog where information comes first. And what a week it was! As predicted by me last week the collapse of RoboticsOnline added some insult to injury to the still hanging by a thread cryptocurrency market and the ongoing crisis on the fiat markets in some countries, including such large economies like the UK. Of course, no one could predict at the beginning of 2022 that a world economy barely recovering from the Covid pandemic would be hit by the irrational behaviour of Putin who would unravel the bloodiest war in Europe in the twenty-first century. That certainly affected markets in a very negative way and severely slashed the widely anticipated economic recovery in the post-Covid world. The current growth forecasts are much more conservative and reflect the general cautious approach by many experts of what should realistically be expected from the general economy and cryptocurrency environment alike, getting more intertwined with the real world economy than ever before.

Let’s put it in a layman terms. Discouraged by a spiralling out of control cost of living crisis that already put some countries in political turmoil with many more balancing on the verge of such the cryptocurrency industry is clearly struggling as well. The BTC value trades well below $20K while ETH never recovered to levels above $1.4K after its successful merge that happened recently. I will talk more about the latest events in the HYIP industry after today’s Weekly CryptoNews Digest you may read below, but before that let me remind you on the best ways to keep yourself informed with MNO.

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And now let’s take a close-up of the major events that happened on the crypto market during the last calendar week, September, 19 to September, 25.

Just like in the last MNO crypto news digest, one of the bigger stories this week once again originates from the UK. Though this time the story has been brewing for a while now, it’s finally beginning to take shape. So it seems that the British government introduced something called the Economic Crime and Corporate Transparency Bill in their parliament last Thursday. The bill aims to strengthen the country’s fight against economic crime, according to the government anyway, who are also suggesting that It will also support efforts to tackle terrorist financing.

The government explained how the new law will make it easier and quicker for law enforcement agencies such as the National Crime Agency to seize, freeze and recover crypto assets — the digital currency increasingly used by organized criminals to launder profits from fraud, drugs and cybercrime. Moreover, the bill includes amendments to the Proceeds of Crime Act, which if you don’t know is basically the UK version of a law used in many countries now to chase after the financial gains made by criminals as opposed to simply jailing them like used to happen years ago, to support the recovery of crypto assets. Quite ironic that this is the very same country so willingly and complacently allowed its financial and government institutions to hide and launder countless billions of dollars in illicit Russian money from all manner of hideous thieves and gangsters. Well, chickens come home to roost as they say.

Sticking with government legislation for the next story, albeit at the complete opposite corner of the globe, Australia wants to prepare the country for the widespread use of China’s central bank digital currency, the digital yuan, according to a draft digital assets bill introduced on Monday. In a draft bill a senator for the Australian state of New South Wales though technically member of the opposition, proposes strict reporting requirements for banks that could potentially make the digital yuan available for use in Australia. China is currently running cross-border trials of a digital version of its sovereign currency. Lawmakers in major economies around the world are cautious of the implications of a widely used digital yuan. Earlier this year, nine Republican senators in the U.S. proposed a bill aimed at setting up rules and guidelines concerning the digital yuan. Australia identifies seven Chinese banks that have branches in Australia and can potentially facilitate the use of a digital yuan in the country. The bill establishes disclosure requirements for those designated banks including reporting the number of Australian businesses that have accepted payments using digital yuan facilitated by the bank, and the total amount of digital yuan held in digital wallets by Australian customers of the designated banks. Individuals or entities that violate the reporting requirements will face fines, according to the proposed rules.

Australia’s government has introduced token mapping to identify characteristics of all crypto tokens how and how they are managed, and its central bank has started a pilot test to explore potential use cases for Australia’s own CBDC. Australia needs to be prepared for the widespread use of a digital yuan in the Pacific, or even within Australia, because it would give the Chinese state enormous power, economic and strategic power that it doesn’t have today according to news sources there. They are also looking into licensing frameworks for crypto exchanges, custody services as well as issuers of stablecoins – which are cryptocurrencies pegged to the value of other assets like the U.S. dollar or gold.

I’m sure most readers will have heard of the Nasdaq, which is the world’s second-largest stock exchange behind I believe the Dow-Jones Index. Anyway, they are now set to officially enter the cryptocurrency market. The fifty year old financial service giant announced today the formation of a new unit dedicated to the growing cryptocurrency industry. Dubbed Nasdaq Digital Assets, it aims to facilitate the entrance of more institutional participants wanting to explore the asset class. The follow-up press release from the company reads that the new product underpins its ambition to “advance and help facilitate broader institutional participation in digital assets by providing trusted and institutional-grade solutions, focused on enhanced custody, liquidity, and integrity.” Quite a mouthful there!

The aforementioned features aim to address some of the industry challenges around availability, efficiency, and connectivity, the PR said. Nasdaq also promised an innovative tech offering that will provide a high degree of accessibility and scalability without compromising security, which will bring together the best attributes of hot and cold crypto wallets. Nevertheless, the company said its latest product will still need to receive regulatory approval in applicable jurisdictions. They also outlined the growing demand for cryptocurrency services by institutions and large investors and noted that the company is “well-positioned to accelerate broader adoption and drive sustainable growth.

It seems JP Morgan are back on their crusade against BitCoin and all things crypto related yet again. As we all know the Bitcoin price has plummeted under $20,000 this month, pushed lower by a stark US administration crypto warning. Meanwhile, the Ethereum price has recorded even steeper declines after its game-changing upgrade sparked a surprise U.S. Securities and Exchange Commission (SEC) alert. Now, JPMorgan chief executive Jamie Dimon has echoed Bill Gates And Warren Buffett in branding BitCoin, Ethereum and other cryptocurrencies “decentralized Ponzi schemes.” Well, to be honest I think most regular readers of MNO would have had that figured out a long long time before JP Morgan told us, but remember that doesn’t mean you still can’t make a ton of money out of it.

Earlier this year, following a China crypto ban in 2021, executives at China’s Blockchain-based Service Network (often referred to as just the BSN), a state-backed initiative designed to drive the commercial adoption of blockchain technology, also called bitcoin and cryptocurrencies a Ponzi scheme—declaring it “the biggest in human history.” Dimon’s crypto criticism echos similar comments made by Microsoft founder Bill Gates and legendary investor Warren Buffett, who have both been vocal in their opposition to cryptocurrencies. The Bitcoin and crypto market last year soared to an eye-watering $3 trillion, up from well under $1 trillion in 2020, only to crash back through 2022—plunging the nascent crypto industry into turmoil, sending the price of some cryptocurrencies to zero and triggering a burst of regulatory interest in the market.

Naturally enough however, it doesn’t take long to find contradictions and just downright hypocrisy when it comes to people (by which I mean rich people) in the finance industry. The notion that BitCoin and crypto could be good for anybody is to be honest a bit fanciful if you insist on just focusing on cryptocurrency’s role in ransomware attacks, sex trafficking, money laundering, and the like. Dimon famously called Bitcoin a “fraud” in 2017 while in 2014, he described it as “a terrible store of value.”

But lo and behold, Dimon did indeed also say that he’s accepted “properly regulated” Stablecoins—cryptocurrencies that are pegged to traditional currencies—as well as blockchain-based decentralized finance (DeFi) that replaces banks with algorithms have some use and declaring JP Morgan “a big user of blockchain.” JP Morgan, Mr. Dimon’s employer I remind you, has spearheaded Wall Street’s adoption of crypto and blockchain, allowing its wealth management clients to buy BitCoin, Ethereum and a handful of other cryptocurrencies, creating its own JPM coin blockchain and cryptocurrency and becoming the first big bank to step into the virtual metaverse earlier this year—something some think could help popularize blockchain-based digital assets.

So, nothing at all wrong with crypto as long as you’re the one making a couple of bucks out of it, it’s only a problem when someone else discovers that they can do it as well without having to pay extortionate fees to banks and bankers.

I sincerely hope you have found the information this week useful. If so then to stay up to date on the latest trends from cryptocurrency markets please check out the MNO blog next Monday for the next Weekly CryptoNews Digest article. And now back to the HYIP industry news.

NEWS FROM THE HYIP INDUSTRY

ROBOTICSONLINE – GONE AFTER THREE YEARS ONLINE

“All good things must come to an end” and “nothing lasts forever”. Perhaps those are the best expressions that mark the final departure of RoboticsOnline into the Scam status on the MNO monitor. The program has been successfully working for nearly three years and cannot be faulted by anyone experienced enough to know that in the HYIP industry usually even a couple of months online on Paying status is quite an achievement in itself. Let alone three years of stable payments!

While the credit for such an incredible achievement is definitely due to the admin’s efforts in keeping RoboticsOnline afloat through thick and thin, we should not forget that the first cracks in the ship already appeared a couple of months ago. Then the admin suddenly announced an increase of the investment term from 12 to 36 business days causing some frustration among investors whose opinion was not asked before the decision had been made. Apparently RoboticsOnline hoped to collect more funds during the extended period of non-payments because the promoters and investors with smaller deposits have been paid like clockwork during all this time. Even now I hear that some lucky individuals are being paid by RoboticsOnline. However, sadly we are talking only about selective payouts now which as a rule are not tolerated by any decent HYIP monitor like MNO. I have myself received a couple of complaints from my referrals in RoboticsOnline who were not paid and instead their deposits have been reinvested automatically without their consent. As the program’s support team have been completely ignoring my requests for an explanation I had to take measures and move the program to Scam status on the MNO monitor and issue a warning against any further investments there.

In conclusion, RoboticsOnline was great while it lasted and will certainly stay in investors’ memory as one of the longest running programs in recent HYIP history. I hope that the admin will come up with something as exciting and list his new program on the MNO monitor as well. We will certainly keep our eyes peeled and see when it happens!

GET PAID REPORT FOR 26/09/2022

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 the end of today’s news on the MNO blog, guys. Thanks for staying with me and talk to you again next week on MNO – For Money Lovers!