08/05/2023. Weekly CryptoNews Digest

Hello everyone! Welcome once more to the MNO blog – the only still active blog established way back in 2007 and originally dedicated exclusively to HYIPs. Starting last year I have started to offer Weekly CryptoNews Digests posted every Monday, considering the fact that the HYIP industry has been in a steady state of decline for some years now. I guess many people have left the investment projects which might be quite risky ventures in favor of the more stable though still highly volatile cryptocurrency investments.

Today will be no exception as I will discuss the latest news from the cryptocurrency markets that happened over the last seven days, the first week of May, 01-07, 2023. For now I would just like to remind you that you may subscribe to the MNO blog articles delivered to your mailbox on a regular basis. If you wish to join hundreds of subscribers you may do so here. As for the most up-to-date notification on the new programs that join the MNO monitor you’re suggested to follow me on Telegram, Facebook, or Twitter.

If you wish to list your promising program on MNO or would like to discuss other issues you might have with any monitored programs or simply ask any HYIP-related questions you can always keep in touch. You can submit your query via this contact form or email me directly at abramsonp@gmail.com or simply chat with me live on Telegram @mnoblog – I will be happy to hear from you!

Getting back to the best HYIP of 2023 now. If you are still unaware of ShuttleRent you should know that the program has been online and paying for over three years now. The program accepts investments starting from a $50 minimum via a variety of cryptocurrencies, with the list including BitCoin, LiteCoin, Ethereum, BinanceCoin, Tether USDT, Tron, Solana, Cardano, DogeCoin and Ripple. The minimum amounts to withdraw can vary from one currency to another but they are usually processed instantly by ShuttleRent, and that fact should really be appreciated by many cautious investors.

ShuttleRent offers investments in “cars” and every car represents a specific amount you buy in order to get a daily interest payment for a period of 60 calendar days. The daily interest you expect to receive is fixed but different depending on the day of the week it has to be paid on. For instance, for the cheapest investment plan you will get paid 3% on weekdays (Monday to Friday) and 1.25% on weekends (Saturdays and Sundays) for 60 days, thus it will get you 152% net return by the end of the term (that is 52% profit plus your money back). For larger investments you will get paid up to 4.7% on weekdays and 1.8% on weekends, but it’s really for the less sensible investors that might forget that even though ShuttleRent is an amazing program with a very respectable payment track record, it’s still a HYIP first and foremost, so all the usual precautions should be applied in that case as well.

Having said that, we can move on now to our regular Weekly CryptoNews Digest where I will give an overview of the crypto market related news that happened over the last calendar week.

HOSTILE ATTITUDE AGAINST CRYPTO PREVAILS IN USA

He may not exactly be a household name quite in the same breath as Bill Gates and Jeff Bezos, but Chamath Palihapitya is one of the world’s wealthiest businessmen and has expressed some interesting views on cryptocurrencies. Views which to be honest are very hard to argue against by the way. Mr. Palihapitya is, among other things, a billionaire tech investor who previously claimed that Bitcoin had replaced gold, and now says “crypto is dead in America.” This fairly obvious claim is made based on countless news stories from recent times where US federal authorities have come down firmly in rulings against firms such as Coinbase, Ripple, and Binance.

Palihapitiya blamed crypto’s demise largely on regulators, who have gotten much more aggressive in their pursuit of so-called “bad actors” in the industry but also against other more respected names. Securities and Exchange Commission Chairman Gary Gensler has said crypto trading platforms should abide by strict U.S. securities laws. In answering questions in front of lawmakers recently, Gensler connected the collapse of Silicon Valley Bank with the crypto industry. “You had Gensler even blaming the banking crisis on crypto,” Palihapitiya said. The SEC has ramped up its enforcement of the crypto industry, bearing down on companies and projects that the regulator alleges were selling unregistered securities.

In February, the agency proposed rules that would change which crypto firms can custody customer assets. In March, the SEC issued crypto exchange Coinbase a Wells notice — typically one of the final steps before it files charges — warning the company that it identified potential violations of U.S. securities law. Last week, the SEC charged the crypto asset trading platform Bittrex and its ex-CEO with operating an unregistered exchange. Coinbase CEO Brian Armstrong made the claim that his company is preparing for a potentially years long court battle with the commission, and is also considering relocating outside the U.S. if it doesn’t get an improved situation regarding regulatory clarity. Meanwhile, Bittrex has already announced it would wind down U.S. operations specifically due to “continued regulatory uncertainty.” They “were probably the ones that were the most threatening to the establishment,” said Palihapitiya, referring to crypto companies.

I remind you that Bitcoin, the largest cryptocurrency, reached a record of about $69,000 in November 2021, when the Federal Reserve’s benchmark interest rate was near zero and investors were flooding into risk. The market changed in a hurry last year, as the Fed began steadily raising rates to fight inflation. In early 2021, Palihapitiya predicted on CNBC that Bitcoin would rise from $39,000 at the time to $100,000 and then up to $200,000. “In what period, I don’t know,” he said. “Five years, 10 years, but it’s going there. And the reason is because every time you see all of this stuff happening, it just reminds you that, wow, our leaders are not as trustworthy and reliable as they used to be.” Later in 2021, just before the peak, he said Bitcoin had effectively replaced gold. However, Bitcoin is currently trading at just over $27,300, down 60% from its all-time high.

ALIBABA AND AVALANCHE FORM PARTNERSHIP

I guess the above headline is mostly self explanatory. The partnership between the two giants will provide Alibaba’s clients with a launchpad, Cloudverse, that aims to help businesses customize, launch and maintain their own metaverse spaces on Avalanche’s blockchain. There’s also a third partner, MUA DAO, which is the service layer that will help implement the integration and customization for metaverses. For Alibaba Cloud their partners are asking to be a part of web3 so they will be dedicating resources to make it easier. Avalanche has subnets, short for “subnetworks,” which are a set of nodes (or validators) that can be built on top of the blockchain. Personally I am by no means an expert in this field but I imagine a lot of readers who are more clued in to the subject will know it better.

Subnets are application-specific blockchains that can be customized to fit one’s needs on top of a blockchain. This infrastructure will also aim to help create customizable blockchain solutions through the Cloudverse. The ability to launch metaverses quickly and easily could open doors for enterprises that don’t have the time or resources to launch these platforms, but want exposure to the space. Builders on the Cloudverse will receive support for visuals, metaeconomics, interactive functions, events, continued operations and more, the companies said. Each metaverse space can be ready for business in about a month after initial outreach.

This isn’t the first time the two organizations have gotten together. In December, Alibaba Cloud began providing infrastructure and tools to help Asian based users launch validators on the Avalanche network. That original iteration provided plug-and-play and node-as-a-service initiatives to help expand blockchain adoption in Asia, the companies said. Alibaba Cloud has about four million customers and ten million developers, according to John Wu, president of Ava Labs.

COINBASE BEATS EXPECTATIONS AS SHARES RISE

Despite the doom and gloom predictions from certain quarters, Coinbase themselves aren’t doing all that badly. Coinbase shares on the news that its first quarter earnings beat expectations. Coinbase’s revenue for the quarter was $773 million, which topped estimates and boasted an increase of 23% from the prior quarter. Shares traded up 17% on the news and have gained 70% year-to-date.

FTX IN FURTHER FINANCIAL TROUBLE

Bankrupt crypto exchange FTX has received court permission to sell its LedgerX business for $50 million, raising additional funds to repay creditors. FTX is also seeking repayment of nearly $4 billion from Genesis Global Capital, the bankrupt lending arm of crypto firm Genesis. FTX is attempting to repay $11 billion to customers through a combination of asset sales and clawback actions.

I hope you enjoyed the Weekly CryptoNews Digest and will come back next Monday for more news from this field. Meanwhile, thanks a lot for your reading.

GET PAID REPORT FOR 08/05/2023

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 will be all for today, guys. I wish you all the best for the coming week and hope to talk to you again in a few days time on MNO – For Money Lovers!