Jan 23rd, 2023 Archives

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Hello guys, and welcome once more to the MNO blog. Online for over fifteen years now, every time I strive to bring you the most up-to-date news from the world of HYIPs and cryptocurrencies.

I must admit that the start of 2023 hasn’t brought much activity to the HYIP industry but at least it offered some reprieve to the cryptocurrency HODLers. The last week saw the major cryptos continue the bullish trend with BTC climbing from $21K to $23K making crypto investors look to the future with more optimism – something sorely lacking this last year due to large economic uncertainties in the wider world economy. This year might be totally different and that should be welcomed not only by crypto holders, but by all involved in the HYIP industry as well. The HYIP admins might just get further incentive to start up some new programs this year trying to take full advantage of the rising value of cryptocurrencies. Of course, at the moment it might still be too early to judge where longer-term patterns may lead us, but the first few weeks of 2023 should inspire some confidence in HYIP investors to make them look forward to a brighter future ahead.

That’s why it’s more important now than ever to check the MNO monitor more frequently in case some promising programs start appearing. You may also want to follow MNO on Telegram, Facebook, or Twitter joining the fast growing community of my readers.

If you wish to add your email address to the list of MNO subscribers and receive the full version of all blog posts sent directly to your email address then submit and confirm it on this page. And you may always contact me with any questions or suggestions on Telegram @mnoblog and by submitting your query using this link or by writing to me directly at abramsonp@gmail.com I’m always happy to hear your feedback or any comments on my work which are also welcome on the MNO ShoutBox.

And now it’s time to start with a look at last week’s events involving cryptocurrencies in MNO’s regular Weekly CryptoNews Digest. Today in focus there will be all the major dealings over the last seven days, January, 16-22, 2023.


CRYPTO MARKET CAPITALIZATION UP 30%

With a nearly 30% increase in just two weeks, the total crypto market capitalization currently comes in at nearly $1 trillion. The rise may reflect a more optimistic investor sentiment toward risk assets as positive inflation figures signaled that the recently hawkish U.S. Federal Reserve interest rate strategy may loosen its grip in 2023. As a result, it became increasingly difficult to justify that the five-month-long bearish trend still prevails after the $930 billion total crypto channel top has been breached. Still, the psychological $1 trillion resistance remains strong. The move possibly reflects investors becoming more optimistic about risk assets after weaker-than-expected inflation metrics signaled that U.S. Federal Reserve’s interest rate hiking strategy should ease throughout 2023.

The 10.4% gain in total market capitalization between January 12 and January 19 was impacted mainly by Bitcoin’s 10.4% gains and Ether ETH tickers down $1,618 , which traded up by 8.7%. The bullish sentiment was more eventful for altcoins, with eight of the top 80 coins gaining 20% or more in the period.


SPANISH AIRLINE EXPLORING CRYPTO PAYMENTS FOR CUSTOMERS

European readers will no doubt be familiar with the airline Vueling, especially if you’ve needed to travel abroad by plane in recent times. That’s because while technically a Spanish airline, there’s barely a corner of northern or western Europe that they don’t cover as well as the Mediterranean sea. Ever since most of the Covid19 passenger movement restrictions that blighted the travel industry for so long were lifted, Vueling’s growth has been phenomenal. In times of rapidly increasing fuel prices and a global inflation/cost of living crisis, the ability to provide low cost plane tickets has catapulted the airline to one of Europe’s foremost carriers.

Just in case this is beginning to sound like a paid ad for Vueling (I wish!) I should just point out that this is just to give some background info. The airline is currently taking its first steps to accepting crypto as payment for its services. The company announced on Jan. 14 it was examining the usage of blockchain and NFT technology in order to allow customers to acquire plane tickets with crypto. For this task, Vueling has partnered with Criptan, a national exchange that has already registered with the Bank of Spain, to serve as a payments company, processing and completing customers’ orders using crypto. Vueling states this move will turn it into the first low-cost airline to accept crypto as a means of payment in Europe. A statement by Vueling said that the agreement places them at the forefront of new technologies and innovation, further reinforcing their commitment to customers and offering the best and most advanced online services for customers. Furthermore Vueling say they are convinced that the introduction of crypto payments could improve user experience by showing customers the potential there is behind the implementation of such solutions. The functionality is expected to be available on the website of the airline by late summer or early autumn of this year, and it will be using UATP tech, the global payments network for airlines, although the company has not indicated which cryptocurrencies will be accepted.


CRYPTO STOCKS SURGE IN RECENT MARKET UPTURN

Crypto-related stocks, ETFs and tokens have all surged in price so far in 2023 despite experts expecting the Federal Reserve to continue hiking interest rates. The share price of cryptocurrency exchange Coinbase has surged by 69%since its all-time lows, and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps — it’s been green lights all around since the start of 2023. The share price of Coinbase fell below $32 not long after the New Year holidays ended, before shooting up to almost $55 last week.

The rising share price will likely be accompanied by a huge sigh of relief for Coinbase executives after a challenging 2022 saw it cut 20% of its workforce and wind down its Japanese operations. Despite the surge, COIN remains more than 84% below its all-time high. Other crypto-related stocks such as MicroStrategy and digital payments company Block Inc. have also posted strong gains in the new year. MicroStrategy’s share price has increased to nearly $236 from a low of just over $135 on Dec. 29 — representing an increase of over 74% — while Twitter founder Jack Dorsey’s Block Inc has seen its share price increase by a muted but still respectable 27%, after rebounding from a low of under $59 on December 28 to over $75. The rebound has been even more dramatic for crypto mining stocks. Bitfarms and Marathon Digital Holdings recorded surges of 140% and 120%, respectively, throughout the first two weeks of the year. Crypto exchange-traded funds (ETFs) also rebounded to a lesser degree, with Valkyrie Bitcoin Miners ETF more than doubling its price from a low of just over $4 on December 28 to over $8. The ProShares Bitcoin Strategy ETF jumped from over $10 on December 28 to a current price of around $13 — increasing by just under a third.


CRIMINAL PLATFORM SHUT DOWN BY US DEPARTMENT OF JUSTICE

A Russian national who founded a cryptocurrency exchange that the justice department says became a haven for the proceeds of criminal activity has been arrested, federal officials said on Wednesday. Anatoly Legkodymov, who lives in China, was arrested on Tuesday night in Miami and was due in court on a charge of conducting an unlicensed money-transmitting business. Prosecutors allege that Legkodymov’s cryptocurrency exchange, Bitzlato Ltd, of which he served as majority owner, did not implement required anti-money laundering safeguards and required only minimal identification from its users, even permitting them to supply information belonging to “straw man registrants”, people serving as cover for the users. “The result was that Bitzlato became a safe haven for criminals, like drug dealers and ransomware groups,” said Breon Peace, the US attorney in Brooklyn, where the case was filed. “They knew that when the police traced their funds to Bitzlato, Bitzlato would not be able to turn over its users’ true identities.” The company, registered in Hong Kong, was founded in 2016 and operates globally. The justice department said Bitzlato, either directly or through its intermediaries, conducted more than $700m in cryptocurrency exchanges with users of Hydra Market, a darknet marketplace for drugs, fake identifications and other illegal products. The justice department seized that marketplace last year and shut it down. “Operating offshore or moving your servers out of the continental US will not shield you,” deputy attorney general Lisa Monaco said at a Wednesday news conference. “And whether you break our laws from China or Europe, or abuse our financial system from a tropical island, you can expect to answer for your crimes inside a United States courtroom.” Monaco’s mention of a tropical island seemed to be an apparent reference to the arrest last month in the Bahamas of Sam Bankman-Fried, the former CEO of failed cryptocurrency firm FTX. Legkodymov, 40, was in custody on Wednesday, and it was unclear if he had a lawyer who could comment on his behalf. The treasury department worked with French authorities to identify the alleged criminal activities by Bitzlato, which US officials said was a sign of the global cooperation to purge bad actors from cryptocurrency markets.


MAJOR ONLINE BANK EXPANDS CRYPTO TRADING

German online bank N26 said on Tuesday that it would expand the list of countries where its customers may trade cryptocurrencies to include those in Germany and Switzerland. In addition,although based in Germany N26 is licensed to provide financial services in a number of different countries, and so said it would provide the service for customers in Belgium, Portugal and Ireland. Last year, N26 began offering crypto trading for some customers in Austria only, in its first foray into the asset class. The prices of major cryptocurrencies such as BitCoin and ether have fallen sharply over the past year as a broader downturn in global markets prompted investors to ditch risky assets. However in recent weeks there has been a marked and noticeable recovery in the market, with prices for BitCoin stabilizing at around the $22,500 to $23,000 mark at the time of writing.

I hope you enjoyed the Weekly CryptoNews Digest on MNO today and if so, then remember to come back next Monday to stay updated with more news from the field. Thanks for reading!


MNO TALKBACK – POLL RESULTS DRAWN AND NEW QUESTION ASKED

It’s time now to take a closer look at the final results of the last TalkBack poll which was dedicated to ShuttleRent‘s investment offer. However, first let me introduce the next question I’m going to ask you to vote in on the MNO TalkBack page over the next couple of weeks.

Since there was a lot of talk about the upward trend in cryptocurrencies I’m curious to know my readers’ thoughts on whether they look at the future of BTC in a more positive light these days. The new TalkBack question I would ask you to vote in will look like:

Will BTC keep rising in 2023?

– Yes, it will reach new heights
– It will stall at the current levels
– No, it will fall down once again

I guess the question is pretty straightforward and doesn’t require much explanation from me. It aims at finding out investors’ expectations after the disastrous year that was 2022 to see whether the prevailing mood is optimistic or pessimistic. I urge you to submit your responses here so we could draw the final results in a few weeks time. Thanks in advance for your votes, guys!

Now let’s break down the final results of the poll that was posted on the MNO TalkBack two weeks ago.

To tell you the truth, I was under the impression that MNO readers would be more reasonable when expecting high returns from such high risk ventures as HYIPs. That’s the exact reason I was hugely surprised that the vast majority of 75% who participated in the poll asking “Are you satisfied with the ROI offered by ShuttleRent?” opted to say “No, I think 125.5% after 50 days is rather small and not worth the risk”. And only 25% of voters took a more positive view by voting “Yes, the total return of 125.5% after 50 days is absolutely satisfactory”.

Those results made me think that despite the perfect long-term record of ShuttleRent which has been online and paying fine for nearly three years now people still look for higher-risk higher-reward websites. It appears that seven weeks and over 25% profit is simply not enough to encourage many people to invest in HYIPs that offer moderate returns. At the same time, it looks like people are still on the lookout for a more high-budget looking website that would be relatively new and offering much higher returns. Well, I hope that they will find what they are looking for, and that we will see such programs approaching MNO for listing soon. Meanwhile, watch this space and see from the sidelines just for how long ShuttleRent will stay online and paying for!


GET PAID REPORT FOR 23/01/2023

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 all the news I have to report today, guys. Thanks for your attention and for the endless support for my blog. Please take care and talk to you again next Monday on MNO – For Money Lovers!

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