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13/03/2023. Weekly CryptoNews Digest


Hello all!. As it’s Monday again that means my blog is here to bring you all the latest news and updates from the HYIP industry and the closely affiliated with it crypto market. For over fifteen years MNO has been at the forefront of analysing the main news in the HYIP industry (when it was still alive) and nowadays turned mostly to the break down of the major events in the cryptocurrency world. The major force now being BitCoin, Ethereum and other less mainstream coins has replaced HYIPs to some extent by becoming the main topic of discussion in the regular Weekly CryptoNews Digest the MNO blog has been covering since the beginning of 2022.

Of course, that doesn’t mean that the HYIP industry is completely inactive, as we still have the wonderfully stable ShuttleRent which has been paying investors for over three years now. At the moment, the program accepts only Tether USDT and Tron but it’s widely expected to take more payment options in the near future. For now the only investment plan available for members of ShuttleRent offers a decent 125.5% return over the period of 50 calendar days. For the duration you will get paid 3% on every business day (Monday through Friday) and a reduced 1.25% rate on Saturdays and Sundays. The minimum investment in ShuttleRent is only $10 and you will be paid instantly at all times. In order to check out the program and join it via my referral link you may click here.

If you have any questions regarding your investment with ShuttleRent or just want to ask my advice about any HYIP out there simply go find me on Telegram @mnoblog. If you have any specific question that does not require an immediate response please feel free to get in touch by submitting this contact form or email me directly at

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Now let’s get to today’s blog post and see how the news has been unravelling over the last seven days in the crypto industry. It’s been an eventful week and full of unpleasant surprises that might shake the very foundation of the current economic order in the long term. Let’s have a closer look at what’s new in today’s Weekly CryptoNews Digest on MNO covering the events from March 6 to March 12, 2023.


Since the last global financial crisis in 2008 I guess most readers will be aware that generally speaking consumer bank account balances are supported by government backed insurance schemes. At least up to a certain value anyway, it depends on what country you live in, but mostly it’s for a fairly generous amount that won’t leave you totally destitute in the event of your life savings being lost by your bank. It came as a complete surprise to me then to learn that as much as 50% of the money held in US financial institutions is actually uninsured, so if the bank goes into insolvency it’s pretty much your own bad luck and you can say goodbye to your savings there.

And that in a nutshell is what’s happening right now with Silicon Valley Bank. Although they have smaller branches around the world which may (or may not) be bailed out domestically, the bulk of the problem lies in the US and the domino effect of SVB’s bankruptcy there is going to be very far reaching indeed. As of the time of writing by the way, the US government is ruling out any possibility of a tax payer funded bailout of the bank, which sucks if you happen to be an account holder but hard to blame them at the same time since SVB is a private profit motivated business which has been mismanaged. The government won’t refund you if you lose money gambling on a horse race after all, I guess they don’t see things all that differently if a private business makes a bad investment decision.

A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses. But like I said, if regulators aren’t doing to bail you out because you lost money in a game of poker, why would they bail anyone else out for putting money into an uninsured institution? I mean you can argue all you want that there’s a difference between a bank and a straight up gambling event, but at the end of the day it’s the responsibility of the account holder to satisfy themselves as to the security of their money. Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars at risk of a bank run.

According to Fed data, small banks in the United States had $6.8 trillion dollars in assets and $680 billion dollars in equity as of February 2023. Considering this scenario, a failure on the tech bank would put in risk of a run on thousands of small banks, further making the SBV situation a main street problem. Silicon Valley Bank is one of the top 20 largest banks in the United States, providing banking services to many crypto-friendly venture firms. Assets from blockchain venture capitalists totaled more than $6 billion at the bank, including $2.85 billion dollars from Andreessen Horowitz, $1.72 billion dollars from Paradigm and $560 million dollars from Pantera Capital.


Staying on the topic of Silicon Valley Bank, they do have somewhat more minor branches in other countries than the USA, subject of course to those country’s banking laws and financial regulations. Quite a lot of so-called “start up” tech companies for instance might be looking to get a foothold in the California (but worldwide) IT industry. In other words you don’t necessarily have to be physically located in Silicon Valley (which isn’t an actual geographical place by the way) in order to have a business bank account there.

The Bank of England has halted the operations of Silicon Valley Bank’s United Kingdom branch (SVB U.K.), stating that it has a “limited presence” in the U.K. and no “critical functions” supporting the financial system. BoE stated last Friday that SVB U.K. will stop making payments or accepting deposits, as BoE intends to apply to the court to place SVB U.K. into a “Bank Insolvency Procedure.” This follows the closure of SVB by the California Department of Financial Protection and Innovation. The BoE explained that a bank insolvency procedure would mean that “eligible depositors” are paid out by the Financial Services Compensation Scheme up to the protected limit of approximately $100,000 or up to double that for joint accounts, as quickly as possible. It added that the bank liquidators would manage the remaining SVB U.K. assets and liabilities during its insolvency proceedings, with any recoveries distributed to its creditors. Several U.K. venture capitalists including Index Ventures and Atomico, issued a joint statement on March 12 endorsing SVB U.K. The statement expressed support for SVB U.K., stating that it is a trusted and valued partner”that plays a pivotal role in supporting startups in the U.K. Well, easy to praise them I suppose when they are holding your money which you can’t withdraw.


The price of BitCoin briefly fell 8% to below $20,000 last Friday, hitting a near-two- month low, after a stock market sell-off in the U.S. and the collapse of a crypto- focused lender. The cryptocurrency market saw more than $70 billion wiped off its value over the course of just 24 hours. Bitcoin was last trading lower by just 2.7% at $19,944.66, according to Coin Metrics. Ether was last down 2.6% at $1,414.21. The crypto sell-off has been prompted by a number of factors. The movement of cryptocurrency prices is quite closely correlated to U.S. stock markets, in particular the tech-heavy Nasdaq.

On Tuesday, U.S. Federal Reserve Chairman Jerome Powell indicated that interest rates may go higher —and stay higher — than expected. The raising of interest rates over the past year has weighed on risk assets such as stocks, and in particular cryptocurrencies. There is very little reason to buy BitCoin now as the market is saturated with negative developments, not just specifically for the crypto industry, but also for the wider financial market as well, according to some experts.

Another major factor weighing on crypto prices is the collapse of Silvergate Capital, a major lender to the crytpo industry. Silvergate said Wednesday it is winding down operations and liquidating its bank. Silvergate’s fall is another example how the collapse of major cryptocurrency exchange FTX continues to have an impact on the industry. FTX was a big customer of Silvergate. Separately, on Friday morning the Federal Deposit Insurance Corporation closed Silicon Valley Bank as reported already above and took control of its deposits, making it the largest U.S. bank failure since the global financial crisis. The bank’s parent company, SVB Financial, said late Wednesday that it sold off $21 billion worth of its holdings at a $1.8 billion loss. SVB was a major bank in the technology start-up space.


Cryptocurrency token Ether fell to its lowest in two months on Friday after the New York attorney general labeled it a security, bracketing it with assets such as stocks and bonds and fueling fears of a wider regulatory crackdown.

New York Attorney General Letitia James on Thursday referred to Ether as a security in her lawsuit against KuCoin for failing to register with the state before facilitating cryptocurrency transactions on its platform. KuCoin is one of the biggest cryptocurrency platforms in the United States.

The world’s second-biggest cryptocurrency token was trading around $1,390, its lowest since January 10. The “secrets” of the Ethereum network will be unveiled as the attorney general builds out her case, adding that the network was being controlled by a small group of people “under a guise of decentralization“. The crypto industry and regulators have been in a tussle over the categorization of crypto assets as securities, which would subject digital asset firms to stricter oversight. At the end of the day, when or if central government decides to take an interest in matters which people such as independent currency traders wished to stay outside of rules and regulations, unfortunately there’s only going to be one real winner of the argument.

At the time of writing though the BitCoin value seemed to have recovered to above $24K levels while Ethereum has been trading of around the $1,700 mark making the upward trend highly likely to carry on later in the week.

It will be all subject to discussion in next week’s Weekly CryptoNews Digest on MNO. I do hope you have enjoyed my work and will come back next Monday for more.


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 will be it for today, guys. It’s time to wish you all a happy and prosperous week ahead. Thanks for all of your tremendous support and I will talk to you again very soon on MNO – For Money Lovers!

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