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03/10/2022. Weekly CryptoNews Digest

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Hello everyone, and welcome back to the MNO blog where information comes first! My blog has been online for over fifteen years now helping HYIP investors make their decisions and avoid fast scams at the same time. And if you’re still an inexperienced investor looking to get some useful skills navigating the pitfalls and traps set for you by crooked HYIP admins I would strongly advise you to read this series of articles. It’s entitled HYIP Admins’ Dirty Secrets, and as the name implies the articles might be something of an eye-opener for inexperienced investors trying to improve their chances to succeed.

By the way, exactly the quality HYIP projects run by experienced admins is the main area of my expertise. And that is currently exactly when we clearly see the lack of imagination and offers from the professionals who have been mostly silent lately and possibly severely affected by both the minimal demand from investors, as well as consistent downward trend in the cryptocurrency markets. Today is therefore I would like to concentrate more on the latest Weekly CryptoNews Digest which you can read below and which will cover some of the main events on the market that happened over the last seven days, September, 26 to October, 02.

Before that though let me remind you a few important things in case you like my work. First off, you may follow MNO on such popular social networks, as Telegram, Facebook, or Twitter. This way you will be the first to know about any new programs when they are listed on the MNO monitor, as well as all the status changes and posts on the blog. If you wish to subscribe then enter your email address here and you will start receiving the full version of blog posts to your mailbox. And finally, you may always contact me via this online form, email me directly at abramsonp@gmail.com or simply chat with me live on Telegram @mnoblog

For now let’s carry on with the Weekly CryptoNews Digest and see the most things that kept everyone talking about on the cryptomarket last week.

The first item I want to discuss concerns the bankrupt crypto lending firm Voyager, or rather the more recent fate of the stricken company. The crypto exchange company FTX has acquired Voyager’s assets for a whopping $1.42 billion dollars, a staggering amount of money but they were clearly determined to secure their prize having been pushed to the very limit in a public auction where they had to outbid competing service providers. The ironic thing is that this all happened after Voyager had already rejected FTX’s bailout proposal earlier this year prior to collapsing.

Voyager said in a press release last week that FTX’s bid is valued as such due to being comprised of the fair market value of all Voyager cryptocurrency at a to-be-determined date in the future, which at current market prices is estimated to be $1.311 billion, plus additional consideration that is calculated as providing approximately $111 million of incremental value.

Earlier developments of this ongoing saga were already covered in earlier editions of the MNO Crypto News Digest, but just to save you the time (if you’re interested) let me give you a very brief recap of how we ended up here. In July 2022, Voyager filed for bankruptcy protection after the $2 trillion crypto market crash rendered it unable to honor withdrawals from its user base. Voyager’s crash was also prompted partially from the collapse of Three Arrows Capital (3AC). 3AC functioned as a hedge fund that serviced loans from other institutions, one such being Voyager, to make risky gambles on tokens. Its portfolio included bets on the collapsed Stablecoin TerraUSD and defaulted on borrowings from Voyager worth $670 million. Up until its downfall, Voyager had been claiming that investors’ funds were protected by the Federal Deposit Insurance Corp. (FDIC), but this turned out not to be the case. Voyager’s cash deposits are kept with Metropolitan Commercial Bank, a New York-based lender, and FDIC insurance only covers the event of failure of the bank, not Voyager.

In other news the global head of payments for JPMorgan’s Corporate & Investment Bank division talked about declining client demand for crypto as a payment method, saying it was quite high as recently as six months ago but has rapidly fallen away since. It was however stressed that the bank will still support clients who want to use crypto for this purpose, and acknowledged that cryptocurrencies are also becoming ever more important in the gaming sector — both in traditional gaming and in the metaverse, where many new opportunities arise. The JPMorgan CEO also reiterated his skepticism about bitcoin and cryptocurrency as reported in a previous MNO News Digest, but stated this is not a feeling he shares when it comes to blockchain and decentralized finance (defi), calling them “real” innovations. A recent survey conducted by Deloitte in collaboration with Paypal found that over 85% of merchants are giving high priority to enabling cryptocurrency payments. In addition, nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next two years. A different survey by Bank of America showed growing interest in crypto’s use as a payment method. The vast majority of respondents either already use, or else expressed interest in using, crypto and digital assets to make either online or in-person purchases.

Turning now to some rare good news on Crypto/Dollar exchange rates. We all know it’s been a turbulent year at best for most cryptocurrencies, where aside from an occasional rally the general trend has been downward. The price of Ripple, or XRP as the currency is abbreviated to, rose after a U.S. federal judge Thursday overruled the SEC’s objections to orders that asked the securities watchdog to disclose drafts of a 2018 speech made by former agency director in its lawsuit against Ripple Labs Inc. In an order on Thursday, the court overruled the SEC’s objections, directing the agency to comply with the previous orders. XRP rose 12.6% in the past 24 hours according to data from CoinMarketCap. In a bid to withhold the documents the SEC argued that the materials are “predecisional” as they reflect personal opinions from SEC staff rather than the policy of the agency. The latest order comes after the SEC on July 27 filed objections to previous orders compelling the SEC to disclose internal drafts. In December 2020, the SEC filed a lawsuit against Ripple alleging that its sale of XRP constituted an offering of unregistered securities worth over US$1.38 billion. The SEC also named a number of senior Ripple executives as co-defendants for allegedly aiding and abetting Ripple’s moves. At the crux of the matter it had been argued that Bitcoin and Ethereum were not to be considered securities, and that had been a major point of argument between the SEC and Ripple as Ripple seeks to bolster its “fair notice defense” (meaning that Ripple/XRP was trading for several years without incident before the SEC abruptly decided to tell them they thought they may be in violation of the law).

And now as they say, for something completely different! I must admit to having no idea as to how or why she ever became famous or what here particular skills and talents are, seems to have found her way to the top of tabloid/pop culture. I certainly never envisioned a case where I’d be writing about her on MNO, but such are the times! So it seems Kim Kardashian has been fined $1.26 million dollars – a mere flea bite out of her estimated billion dollar fortune – by the US Securities and Exchange Commission, the SEC.

Why? Well, you might remember not so long ago there was a spate of “celebrities” doing promotional work for various crypto service providers. All of these people were paid handsomely of course, often in the high six figure bracket including Kim Kardashian. But then when the crash came along and the gullible people who took this ill advice began losing vast sums of money, it transpired that most of the Hollywood A-Listers using their influence hadn’t a clue what they were talking about, at best a very rudimentary understanding of what cryptocurrency even is, and had no personal financial stake in what they were selling. In Kim’s case the fine is for her failure to disclose that it was all a paid promotion. The SEC announced charges against Kim for promoting crypto asset security offered and sold by EthereumMax without disclosing the payment she received for showcasing them. She has (wisely!) agreed to settle the charges and will pay the $1.26million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation. The SEC’s order finds that Kim failed to announce that she was paid $250,000 to publish a single post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax. Kim’s offending post, which was published in June 2021, had included a video of her saying she was making a ‘big announcement’. It also contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens. In a statement from the SEC they described the case as a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors. Some wise words of warning in there to be sure!

Thanks for reading the Weekly CryptoNews Digest on MNO and stay tuned for more which will be posted next Monday in order to give you a good overview of this coming week’s major events.


GET PAID REPORT FOR 03/10/2022

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 about all I wanted to talk to you about today, guys. Thanks for staying with MNO through these harsh economic times which will undoubtedly be over soon. And when that finally happens you will be tremendously rewarded for your loyalty. I’m pretty sure of that, guys! Wish you the best of luck with your HYIP and crypto investments and talk to you again soon on MNO – For Money Lovers!

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