31/07/2023. Weekly CryptoNews Digest (July, 24 – July, 30)

Hello guys. Welcome to the MNO blog which has been delivering you the most essential information on HYIP investments for over sixteen years now. Originally founded back in 2007 my blog has never stopped educating readers on the subject and I also recently started dividing my attention towards the cryptocurrency markets in the weekly news digests from I post on a weekly basis.

We are perfectly aware of the fact that summers have been traditionally low in activity when it comes to HYIP investments. That is why to diversify and offer a different angle on the money making process MNO has been recently also switched to putting more emphasis on crypto markets, and every Monday I have an overview of the most prominent and talked about events in the crypto industry you might find worth your attention.

It does not mean that MNO has completely given up on HYIPs and I fully expect we will see more activity once the autumn comes. And as the MNO blog is a one-stop shop for the most prominent investment projects, I only list those that have been vetted by myself, and I charge a high price to be listed. This means that you can be confident that the projects you find on my blog are the cream of the crop.

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With the usual summer slump in the HYIP industry I believe now it’s the right time to check out the latest news from the crypto markets that happened over the last seven days, July, 24 to July, 30, 2023. Let’s start our Monday’s journey and make it exciting and informative in the latest Weekly CryptoNews Digest on MNO.

RFK JR. CONFIRMS BITCOIN OWNERSHIP

From the previous week’s report on my blog you might remember the news about Robert F. Kennedy Jr., the son of former U.S. Attorney General Robert F. Kennedy and a Democratic presidential candidate, proposing a plan to back the U.S. dollar with Bitcoin. Well, last week it might have revealed he had his own personal agenda in doing so.

A few days ago RFK Jr. confirmed that he actually owns Bitcoin. He made the announcement during a Twitter Spaces interview with The Wolf of All Street podcast host Scott Melker.

Kennedy said that he bought 14 Bitcoin in May 2023, shortly after speaking at the Bitcoin 2023 conference in Miami. He said that he bought the Bitcoin for his seven children, and that he did so because he believes in the potential of the cryptocurrency.

Kennedy’s confirmation of his Bitcoin holdings came after he was criticized for previously denying that he owned any cryptocurrency. In a financial disclosure form filed in June 2023, Kennedy listed his assets as including between $100,000 and $250,000 in Bitcoin. However, when asked about the disclosure form, Kennedy initially said that the Bitcoin belonged to his wife, Mary.

Kennedy’s confirmation of his Bitcoin holdings has been met with mixed reactions. Some people have praised him for his support of cryptocurrency, while others have criticized him for his previous denials.

It is unclear what impact Kennedy’s Bitcoin holdings will have on his presidential campaign. However, his confirmation of his ownership of the cryptocurrency has certainly generated a lot of attention.

It will be interesting to see how Kennedy’s Bitcoin holdings impact his presidential campaign. However, his confirmation of his ownership of the cryptocurrency has certainly generated a lot of attention.

BINANCE FILED MOTION TO DISMISS COMPLAINT

Last week Binance, the world’s largest cryptocurrency exchange, filed a motion to dismiss a complaint filed against it by the U.S. Commodity Futures Trading Commission (CFTC). The CFTC sued Binance in March 2023, alleging that the exchange violated U.S. commodities laws by operating an unregistered futures market.

Binance argues that the CFTC does not have jurisdiction over the exchange because it is not located in the United States. The exchange is headquartered in the Cayman Islands, and its CEO, Changpeng Zhao, is a Canadian citizen. Binance also argues that the CFTC’s complaint is based on a “sham” compliance program that it never implemented.

The CFTC has not yet responded to Binance’s motion to dismiss. The case is still in its early stages, and it is unclear how it will be resolved.

The outcome of the case could have a significant impact on the cryptocurrency industry. If the CFTC is successful, it could force Binance to close its doors to U.S. customers. This would be a major blow to the industry, as Binance is one of the most popular cryptocurrency exchanges in the world.

However, if Binance is successful in dismissing the case, it would be a major victory for the cryptocurrency industry. It would send a message to regulators that they cannot simply regulate cryptocurrency exchanges that are located outside of the United States.

The case is still in its early stages, so it is too early to say what the outcome will be. However, it is a case that is worth watching, as it could have a major impact on the cryptocurrency industry.

SEQUOIA CAPITAL DOWNSIZED CRYPTO FUND BY TWO THIRDS

Sequoia Capital, one of the most well-known venture capital firms in the world, has cut its crypto fund by more than 65%. The fund, which was originally $585 million, is now down to $200 million.

The cut comes amid a broader downturn in the cryptocurrency market. The price of Bitcoin, the most popular cryptocurrency, has fallen by more than 70% from its all-time high in November 2021.

Sequoia’s decision to cut its crypto fund is a sign that the firm is becoming more cautious about the future of the cryptocurrency market. The firm has invested in a number of successful cryptocurrency companies, including Coinbase and BlockFi. However, it is clear that Sequoia is now concerned about the risks associated with the cryptocurrency market.

The cut to Sequoia’s crypto fund is also a sign of the broader challenges facing the cryptocurrency industry. The industry is facing increased regulatory scrutiny, and there have been a number of high-profile scams and hacks.

It is unclear how the cryptocurrency market will perform in the long term. However, Sequoia’s decision to cut its crypto fund is a sign that the industry is facing some serious challenges.

BITCOIN MINERS FLOCK TO RUSSIA AMID CHEAP ELECTRICITY RATES

There have been reports that Bitcoin miners are flocking to Russia, attracted by the country’s cheap electricity and its relatively lax regulations.

Russia is one of the cheapest countries in the world to mine Bitcoin, thanks to its abundant supply of hydroelectric power. The country’s electricity prices are about half of what they are in the United States, and they are even lower in some parts of Siberia.

In addition, Russia has relatively few regulations on Bitcoin mining. This means that miners do not have to worry about complying with complex licensing requirements or paying high taxes.

As a result, Russia has become a popular destination for Bitcoin miners. In 2022, the country was estimated to be home to about 10% of the world’s Bitcoin mining capacity.

The influx of Bitcoin miners into Russia has raised some concerns. Some people worry that the country could use its growing Bitcoin mining power to launch cyberattacks or to evade sanctions.

However, others argue that the benefits of Bitcoin mining outweigh the risks. They point out that Bitcoin mining can help to boost the Russian economy and that it can also help to improve the country’s energy security.

It is still too early to say what the long-term impact of Bitcoin mining will be on Russia. However, it is clear that the country is becoming a major player in the global Bitcoin mining industry.

ARGENTINIAN CRYPTO MILLIONAIRE FOUND DISMEMBERED

And finally, we will finish today’s Weekly CryptoNews Digest on a somewhat murder mystery story. Fernando Pérez Algaba, a 41-year-old cryptocurrency millionaire and Instagram influencer, was found dismembered in a suitcase in Argentina on July 23, 2023. His remains were discovered by a group of children playing near a stream in the town of Ingeniero Budge, Buenos Aires Province.

Algaba had been missing since July 18, when he failed to return the keys to a rented apartment and answer his phone. Police believe that he was murdered, and they are investigating several possible motives, including debt, business rivalry, and personal relationships.

Algaba was a well-known figure in the cryptocurrency community, and his death has shocked and saddened many people. He was known for his lavish lifestyle and his outspokenness on social media. He had over 900,000 followers on Instagram, where he shared photos of his expensive cars, clothes, and vacations.

The investigation into Algaba’s murder is ongoing, and no arrests have been made. Police are asking anyone with information about the case to come forward.

The case of Fernando Pérez Algaba is still unsolved, but police are working hard to bring his killer to justice.

That’s all the news from the crypto world I have to shared with you for the moment, my dear readers. For more information of what’s to come this week please come back next Monday when another Weekly CryptoNews Digest is scheduled to be posted on the MNO blog.

I hope you have found the above information useful and I hope to talk to you all again next week on MNO – For Money Lovers!