Hey guys. I hope you’re all doing well and are looking forward to finding out what fortunes the new week might bring us. MNO is here to help when it comes to identifying the best money-making opportunities that will be helpful for any budget, especially considering the cost-of-living crisis raging across the world now.

Having been online for nearly sixteen years the MNO blog has been through thick-and-thin. While many websites have been opened and closed during that period of time I have always been here and will hope to stay here with my readers’ support. When we talk about the HYIP industry it has been in far worse shape over the last couple of years with almost nothing deserving of our attention. I hope that the situation will improve over the coming years and we will see more lucrative investment offers coming our way. MNO’s main goal will be exactly to identify these opportunities and bring them to my readers’ attention by listing them on the MNO monitor which I suggest to closely follow for possible future new additions.

Of course, we still have a gem like ShuttleRent and its amazing three-year long performance that would make any HYIP admin even a few years back die from envy. With an investment starting from $10 in Tether USDT or Tron you’re winning the chance to accumulate up to 125.5% ROI at the end of a 50-day investment term with ShuttleRent. The daily interest is variable though and while you can get a handsome 3% return on business days (Monday to Friday) it drops significantly on Saturdays and Sundays when you can only hope for a 1.25% return. Yet, so many thousands of happy investors have already taken advantage of the company’s instant payments and superb support and after a three-year run it means a lot! And don’t forget that more investment options are coming soon to ShuttleRent‘s customers, so keep an eye on MNO if you prefer investing with BTC or ETH as I will notify you as soon as it happens.

All in all, it’s highly advisable for any sensible HYIP investor to follow MNO on Telegram, Facebook, or Twitter. It’s there where all the timely notifications about the addition of the new programs to the MNO monitor are posted first. And if you prefer reading the MNO blog articles directly from your email address make sure you subscribe here and confirm your email address for a timely delivery service conducted by follow.it

And remember that I’m always within reach for any of my readers. After all, it’s you who are responsible for putting MNO at the forefront of the HYIP industry when it was on its peak. So it’s you who I owe my success to and it’s for you who I will be working for for years to come. So, the best way to get a timely response for your any query would be to reach me on Telegram messenger @mnoblog Alternatively, please email me directly at abramsonp@gmail.com or submit this online form to be answered within 24 hours. Your questions or suggestions on how to improve my work are always welcome, guys.

Now let’s get to the main subject of today’s news article – the Weekly CryptoNews Digest I have started making every Monday, your one-stop for all the essential information on what happened in the crypto market over the last week. This Monday I will tell you about the most remarkable news and events that happened in the crypto world over the last seven days – February, 27 to March, 05, 2023.

BRITCOIN OPENS A NEW FRONTIER SAYS THE BANK OF ENGLAND

A central bank digital currency (CBDC) could “open a new frontier” and even make the entire financial system more stable. At least that’s what the deputy governor of the Bank of England said in a statement issued last week. He was speaking to government members of parliament at a Treasury Committee hearing at the time, saying that a so-called digital pound could potentially have huge benefits for the UK economy and for wider society as a whole.

Deputy governor Jon Cunliffe stressed that the benefit of a CBDC was not about any one particular aspect, but rather about opening new frontiers for people to improve payments. To quote the deputy governor “we can configure payments to an extent now, but it’s quite clunky and they’re quite blunt instruments, whereas programmable money would enable much more differentiation and variation.”

Concerns have been raised however that a CBDC in the UK, which has been dubbed “BritCoin”, could make bank runs more likely as consumers are easily able to transfer money out of consumer bank accounts into a CBDC. My own personal belief in this case is that if so-called “consumer banks” continue to offer an obsolete business model to account holders then the death knell for them isn’t far away with only themselves to blame for ridding themselves of their own customers. But anyway, that’s just me. While the bank has proposed a theoretical limit on transfers of a potential CBDC between £10,000 and £20,000 (approximately $12,000 to $24,000 at exchange rates at the time of writing) the deputy governor described the digital pound as having financial stability benefits despite the risks.

The consultation on the digital pound will continue for an estimated further four months before the project enters the design phase. However a final decision to actually press ahead with implementing the project isn’t expected to be reached until well into 2025.

AUSTRALIA’S POTENTIAL TIMELINE FOR CRYPTO LEGISLATION

Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least. Efforts could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry. The documents, made public under freedom of information laws, reportedly reveal that the government aims to release consultation papers in the coming months and will hold stakeholder roundtables on crypto licensing and custody later this year. The industry has been waiting to see the next steps of the Australian Labor government’s token mapping exercise, which was announced three months after it came into power last year, with submissions closed on March 3.

However, according to the documents, final submissions to the cabinet are not expected until late in the year, possibly dragging out any decisions on crypto legislation well into 2024 and beyond. One briefing from the department has also reportedly acknowledged that they expect frustration from crypto businesses and consumer groups over the long timetable. While taking that into account, the Treasury believes that in the wake of FTX’s collapse, the demand for cryptocurrencies has “weakened significantly,” which could give it more time to hash out regulations. Treasury considers these concerns are somewhat mitigated by the current market conditions resulting in less consumer demand for crypto assets; and the need to complete the token mapping exercise to provide clarity on how any new licensing framework would operate in practice.

The government has also revealed through the documents that it has created a dedicated “crypto policy unit” within the Treasury department. In a meeting with treasury last November, the crypto policy unit reportedly flagged possible requirements for crypto licenses, including “fit and proper person” tests, capital requirements and obligations to report bad actors and scams in the industry. The unit also discussed beefing up consumer protections. Last year, a survey from Australian crypto exchange Swyftx revealed in September that approximately one million Australians planned to purchase cryptocurrency for the first time over the next 12 months, bringing total crypto ownership in the country to over five million.

JUSTICE DEPARTMENT SEEKS TO CURTAIL SBF BAIL TERMS

Never far from the headlines, and I suspect it will be quite some time before he is, Sam Bankman-Fried (SBF) is back in the news once more. It seems the US Department of Justice is before the courts looking to impose further restrictions on the disgraced head of FTX. According to the proposal submitted to Lewis Kaplan, the U.S. district judge serving on the United States District Court for the Southern District of New York, Bankman-Fried should be prohibited from using smartphones, tablets, computers and any video game platforms or devices that allow chat and voice communication. The proposal restricts his communication to “a flip phone or other non-smartphone with either no internet capabilities or internet capabilities disabled.“ The document by attorney Damian Williams “on behalf of parties” also requests that the temporary bail conditions recently imposed should be made permanent. The plan is believed to have been negotiated with SBF’s defense team, which was requested to submit a proposal by March 3.

The temporary terms include no contact or communication with current or former employees of FTX or Alameda Research, except in the presence of counsel, along with a prohibition of using any encrypted or ephemeral call or messaging application, as well as a virtual private network or VPN. SBF’s access to websites would also be restricted to a whitelist of pre-approved pages, which includes YouTube, Wikipedia, Netflix and government websites among others. Under the proposed terms, the former FTX CEO will also be allowed to visit news websites.

SBF’s $250 million bail has been under scrutiny since February 9, after he was found to have contacted potential witnesses on his case. He was also temporarily banned from using a VPN after prosecutors accused him of using it on two occasions, on January 29 and February 12. The court unsealed a superseding indictment against SBF on February 22 containing 12 criminal counts, including eight conspiracy charges related to fraud, and four wire and securities fraud charges.

SILVERGATE DISCONTINUES EXCHANGE NETWORK DUE TO RISK

Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets’ payment network, claiming the termination is a “risk-based decision.“ The move comes after the bank’s stock fell over 59% in five days due to fears of a potential bankruptcy. A disclaimer made on the Silvergate website stated: “Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational.”

A second decision on the same day from United States Judge Michael Kaplan said Silvergate had to return $9.8 million deposited by BlockFi. As per documents posted on the website of BlockFi’s restructuring adviser, the court ordered the bank to immediately release the funds following an agreement between the two companies in November 2022.

BlockFi is one of the crypto firms affected by the FTX collapse in November 2022, as is Silvergate. The crypto bank had liquidity issues due to the crypto bear market before being hit by significant outflows in the fourth quarter of 2022, leading to a $1 billion net loss. Silvergate reportedly borrowed $3.6 billion from the U.S. Federal Home Loan Banks System, a consortium of 11 regional banks across the United States that provide funds to other banks and lenders to mitigate the effects of a surge in withdrawals. In a report published by the U.S. Securities and Exchange Commission, the digital asset bank highlighted the heavy outflows of deposits and outlined steps to maintain cash liquidity, including wholesale funding and selling debt securities. The crypto bank faces class-action lawsuits over its relationship with FTX and Alameda Research. Fears that a liquidity crisis could result in bankruptcy protection spiked this week after Silvergate postponed filing its annual 10-K financial report. Within 24 hours of the announcement, crypto firms Coinbase, Circle, Bitstamp, Galaxy Digital and Paxos announced they would scale back their partnerships with the bank in some capacity. MicroStrategy and Tether joined several firms in publicly denying any meaningful exposure to the bank.

I do hope that the information has provided you some food for thought and I will be happy to see you again next Monday with another issue on the Weekly CryptoNews Digest on MNO.

GET PAID REPORT FOR 06/03/2023

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.

And that will be all I have for you on the MNO blog today, guys. I wish you a successful week ahead and hope to see you back sometime soon on MNO – For Money Lovers!