02/01/2023. Happy New Year From MNO and Weekly CryptoNews Digest

Hello everyone! Welcome back to the MNO blog where information always comes first whether we are talking about the latest news from the best HYIPs or the Weekly CryptoNews Digest which keeps you in the loop of all the recent developments surrounding BTC and other major cryptos. In order to stay informed with MNO please make sure to subscribe here to get all the articles in their entirety to be delivered to your submitted and confirmed email address. Join hundreds of subscribers and stay updated!

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Let me start the news section today with my very best wishes on the New Year of 2023 which I hope will bring you health, wealth and happiness. And a special thanks goes from me to every one of you who have been following the incredible journey I have had with MNO for over fifteen years now. The future of the HYIP industry at the moment is the core question on the minds of every person still being somehow involved in this business. And that future doesn’t look bright at all, to say the least! Still, we can always hope that at some point things will eventually come back to normal, but whether that is going to happen in 2023 remains very much the million dollar question.

And I see so far the opinions on the ability of the HYIP industry to recover past glories have been very divided if we judge by the first votes in the currently running MNO TalkBack poll you are invited to vote in. I have extended the poll’s validity for another week and you’re all cordially invited to speak up and say your opinion in the poll here. I remind you that the poll question is “Do you believe the HYIP industry will have better programs sometime in 2023?” Thanks in advance for active votes to be drawn in the next week or two.

Getting back to the main subject of today’s article – Weekly CryptoNews Digest. The last week of 2022 hasn’t been very eventful, as it was expected and didn’t bring any high price changes for BTC and ETH either. Whether it’s a good or a bad thing is up to you to decide. It’s my job to give you all the necessary information to draw your own conclusions on the current state of the crypto market. And today we will have a look back at some of the major events that happened over the last seven days, from December, 26, 2022 to January, 01, 2023.

MICROSTRATEGY REMAIN POSITIVE ON BITCOIN

One of the world’s largest Bitcoin holders, the business technology and software company MicroStrategy, has added to its already considerable Bitcoin stack throughout November and December. While the firm recently sold some coins ostensibly for tax reasons, it has also bought over 2,500 BitCoins in the past month. Nevertheless, the firm’s strategy has caused its stock value to hit its lowest point in 12 months.

In August 2020, MicroStrategy invested $250 million in BitCoin as a treasury reserve asset, citing declining returns from cash, a weakening dollar and other global macroeconomic factors. The company went on to make several additional large purchases of BitCoin, with current estimates putting their holding at around 132,500 BTC. These were acquired at an aggregate purchase price of $4 billion, or an average purchase price of $30,639 per BitCoin. With current BTC exchange rates at the time of writing being well under $17,000 it’s not difficult to see why MicroStrategy already have a shall we say chequered history with the SEC in the US. They’ve insisted from the start however that their ongoing investment in BitCoin is very much a long term vision. We can only wait and see if their guess, and at this point all I can possibly call it is a guess, is better than any armchair amateur enthusiast buying and selling a couple of dollars worth of BTC on his cell phone.

JPMORGAN CALL CRYPTO A NONEXISTENT ASSET CLASS

In a sort of similar story but at the opposite end of the spectrum, clearly no one at investment bank JPMorgan has heard the news about MicroStrategy. The bank’s head of institutional strategy, Jared Gross, is challenging any idea that large institutions are intending to invest in crypto. He claims that as an asset class, crypto is effectively nonexistent for most large institutional investors as the volatility is too high, and the lack of an intrinsic return that you can point to makes it very challenging.

Gross described it as “self-evident” that BitCoin has not proven itself to be a form of digital gold or haven asset like some have hoped. He continued to explain how most institutional investors probably are breathing a sigh of relief that they didn’t jump into that market and are probably not going to be doing so anytime soon. The crypto market has declined significantly this year as the Federal Reserve and other major central banks around the world raised interest rates to fight inflation. There have also been collapses and bankruptcies within the sector, including the most recent fallout of crypto exchange FTX.

Meanwhile, a growing number of banks and financial institutions are offering crypto products and services to their institutional clients. Including I believe, ironically, Jared Gross’ own employer JPMorgan. Nasdaq recently established a crypto unit called “Nasdaq Digital Assets,” citing increased demand among institutional investors. Furthermore, a survey released in November by crypto exchange Coinbase showed that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class.” A study published by financial giant Fidelity in October showed that 74% of institutional investors surveyed plan to invest in digital assets.

BINANCE TO BUY OUT FAILED CRYPTO FIRM VOYAGERS ASSETS

It has been a devastating year for Voyager Digital as they filed for bankruptcy in July and had assets purchased by FTX, only to watch FTX file for bankruptcy just a few months later. More than 1.7 million users are waiting to see what will happen to their funds. In yet another plot twist worthy of a soap opera Binance announced in a December 19 press release that the company was purchasing the assets of Voyager Digital for $1.022 billion in a deal that will go in front of the bankruptcy courts in early January. This follows months of confusion. Even though Voyager Digital originally filed for bankruptcy in July, there was a stressful period as FTX purchased the assets in a bidding war. Overall it has been a disastrous year for crypto that started with the collapse of Luna network, leading to major bankruptcies that are still sending shock waves throughout the space. Some of the major dominoes that started to fall after this include Genesis, FTX, Three Arrows Capital, Voyager Digital, Alameda Research, BlockFi, and Celsius Network.

Then crypto prices started to plummet as it became evident that inflation was soaring and that the central banks would be responding by raising rates to cool off the economy. Instead of being a hedge against inflation, crypto ended up becoming another speculative asset that fluctuated based on market conditions. The Russian invasion of Ukraine, along with rising inflation, led to crypto prices dropping even further in the spring of 2022.

If the purchase is approved in bankruptcy court, there could be an end in sight for users who haven’t been able to access their funds since July. While this could be a sign of positive news since there’s hope for those affected, there are still many issues in the crypto space as we have to watch the FTX bankruptcy unfold now.

MEDVEDEV “PREDICTS” THE END OF THE US DOLLAR AS CRYPTO SURPASSES IT

Former Russian president, prime minister, current security council chairman, and rapidly becoming my favorite comedian Dmitriy Medvedev gave everyone in the still sane part of the world good reason to chuckle this week with his hilarious predictions for 2023. The Bretton Woods monetary system will collapse next year causing the International Monetary Fund and the World Bank to crash, according to the man who was at the helm of Russia for four years between two of Vladimir Putin’s presidential terms. “Euro and dollar will stop circulating as the global reserve currencies. Digital fiat currencies will be actively used instead” while “all the largest stock markets and financial activity will leave the U.S. and Europe and move to Asia,” Dmitry Medvedev stated on social media.

Medvedev went on to forecast that oil prices will reach $150 a barrel and natural gas will top $5,000. He also expects the EU to collapse after the United Kingdom rejoins the bloc, and the euro to fall out of use. In a divided Europe, France and Germany will clash while Hungary and Poland will occupy parts of Western Ukraine, he added. Further from home, in the US he sees California withdrawing from the union to form an independent country, while Texas will withdraw to form a union with Mexico. It really is hard to say how/where/ or even if people like him can separate fantasy from reality, it’s just terrifying how this lunatic could very easily become the successor of Putin and carry on the same old madness where the last lunatic left off with no chance for sanity anymore.

RUSSIAN DRUG MONEY STOLEN BY UKRAINIAN AND SENT TO CHARITY

Lastly for this week there’s a story which really did bring a smile to my face. A Ukrainian living in the U.S. has reportedly hacked a major drug market on the Russian dark web, diverting some of its crypto proceeds. The man says he donated the digital cash stolen from the illicit website to an organization delivering humanitarian aid across his war-torn homeland.

Ukrainian-born cyber intelligence expert Alex Holden, who left Kyiv as a teenager in the 1980s and now lives in Wisconsin, claims he has hacked into Solaris, one of Russia’s largest online drug markets. Supported by his team at Hold Security, he was able to get hold of some of the bitcoin sent to dealers and the darknet site’s owners. The cryptocurrency, worth over $25,000, was later transferred to Enjoying Life, a charitable foundation based in the Ukrainian capital. Without revealing exactly how he did it, Holden explained he took control of much of the internet infrastructure behind Solaris, including some administrator accounts, obtained the website’s source code and a database of its users and drop off locations for drug deliveries. For a while, the Ukrainian and his colleagues also gained access to the “master wallet” of the marketplace. It was used by buyers and dealers to deposit and withdraw funds and operated as the platform’s crypto exchange, the article details. Given the rapid turnover, the wallet rarely had more than 3 BTC at a time. Holden managed to appropriate 1.6 BTC and send it to Enjoying Life. Hold Security donated another $8,000 to the charity, which provides assistance to people affected by the war in Ukraine.

I hope you found the information useful and will be back next Monday when I will have another overview of the major events of the crypto market in the following Weekly CryptoNews Digest on MNO.

GET PAID REPORT FOR 02/01/2023

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: ShuttleRent.

That’s about all the news I have to report on the MNO blog today. Thanks for staying in touch, guys. Again I wish you all the best in 2023 and I hope you will spend it with MNO – For Money Lovers!