Hello all! Welcome to another post on the MNO blog which has been successfully running for over sixteen years. After being established back in 2007, MNO has seen all the ups and downs of the HYIP industry, which was considered to be a big thing once upon a time.

As you might be aware, the overall situation has drastically changed since then and the HYIP industry is as good as dead at the moment. The good old admins have all but abandoned the once lucrative money-making niche and their replacements are just a former shadow of the best ones we saw in the past.

However with so many people now able to actually trade cryptocurrencies without the high risk often associated with HYIPs, it’s simply impossible to believe that the industry will get back to its former glories anytime soon.

That doesn’t mean that the MNO blog and monitor is dropping the idea of following HYIPs completely – it just means that my site will switch attention to what really matters now. Except for major cryptocurrency trends and latest news from the crypto world I plan to replace HYIPs with other money-making opportunities that my readers can utilize to actually make a passive income with no risk whatsoever.

So, if you don’t want to miss some great paying websites that will actually make you some profits then the only way you ensure you will hear of them first is to follow MNO on Telegram, Facebook, or Twitter.

By doing so you will be updated if and when anything worthwhile appears on my monitor that will help you to add more options to earn some discretionary income for yourselves. And if you wish to receive the blog articles directly to your email address you can submit and confirm it on this page and join the thousands of subscribers I have already.

If you have any questions for me I’m easy to reach on Telegram @mnoblog and you may also email me directly at abramsonp@gmail.com or submit your query via this online form. I’m looking forward to hearing from you, guys!

And now with all introductions said and done let’s have a look at the Weekly CryptoNews Digest. This time it covers the period from October, 09 to October, 15, 2023. I have the latest news and trends that happened in the crypto market over the last seven days. Let’s get down to business, shall we?

STANDARD CHARTERED PREDICTS ETHEREUM’S PRICE TO SKYROCKET

I want to start today CryptoNews Digest on MNO with some positive forecasts posted by the Standard Chartered Bank, a multinational financial institution. Last week it predicted that the price of Ethereum, the second-largest cryptocurrency by market capitalization, could increase over fivefold by 2026, reaching $8,000.

The bank’s report, published on October 11, 2023, cited several factors that could drive Ethereum’s price higher, including:
– Established dominance in smart contracts: Ethereum is the leading platform for smart contracts, which are self-executing contracts that run on a blockchain. Smart contracts have a wide range of potential applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and supply chain management.
– Growing use cases in gaming and tokenization: Ethereum is also increasingly being used in the gaming and tokenization industries. For example, many popular NFTs are built on the Ethereum blockchain.
– Technical improvements: Ethereum is undergoing a number of technical improvements, such as the Merge and sharding, which are expected to make the network more scalable and efficient.
– Bitcoin halving event: The next Bitcoin halving event, scheduled to occur in April 2024, is expected to boost demand for cryptocurrencies in general, including Ethereum.

The report also noted that Ethereum’s price could be further boosted by potential regulations and spot ETFs in the United States. However, the report cautioned that Ethereum’s price is volatile and could be affected by a number of factors, including macroeconomic conditions and regulatory changes.

It is important to note that Standard Chartered’s prediction is just that: a prediction. There is no guarantee that Ethereum’s price will reach $8,000 by 2026. However, the bank’s report provides a number of reasons why Ethereum is well-positioned for growth in the coming years.

TREZOR LAUNCHED NEW PRODUCTS

Trezor, a major provider of cryptocurrency hardware wallets, launched two new products on October 12, 2023: the Trezor Safe 3 and the Trezor Keep Metal.

The Trezor Safe 3 is a new entry-level hardware wallet that is designed to be easy to use and affordable. It features a 0.96-inch OLED display and a two-button interface. The Trezor Safe 3 supports over 7,000 cryptocurrencies and tokens, including Bitcoin, Ethereum, and Litecoin.

The Trezor Keep Metal is a new recovery seed backup solution that is made of durable stainless steel. It can be used to store the recovery seed for any Trezor hardware wallet. The Trezor Keep Metal is also compatible with other hardware wallets from Ledger and KeepKey.

In addition to the Trezor Safe 3 and Trezor Keep Metal, Trezor also launched a limited-edition Bitcoin-only hardware wallet called the Trezor Safe 3 Bitcoin only. This wallet is designed specifically for users who only want to store and manage Bitcoin.

The launch of these new products marks an important milestone for Trezor. The company is committed to making self-custody more accessible to users of all levels of experience.

Here are some of the key features and benefits of the new Trezor crypto devices:
– Easy to use: The Trezor Safe 3 is designed to be easy to use, even for beginners. It features a simple two-button interface and a clear OLED display.
– Secure: The Trezor Safe 3 is a secure hardware wallet that protects your cryptocurrency from unauthorized access. It features a tamper-proof design and a secure element chip.
– Affordable: The Trezor Safe 3 is a very affordable hardware wallet. It is priced at $79, which is less than half the price of some other hardware wallets.
– Durable: The Trezor Keep Metal is a durable recovery seed backup solution that can withstand extreme conditions. It is made of stainless steel and is water and fire resistant.

Overall, the new Trezor crypto devices are a great option for users who are looking for a secure and affordable way to store and manage their cryptocurrency.

BIG BANKS STARTED USING TOKENIZED SHARES AS COLLATERAL

JPMorgan Chase has initiated its first blockchain collateral settlement through the Tokenized Collateral Network (TCN). The TCN is a private blockchain network that was developed by JPMorgan to enable the fast and efficient transfer of collateral assets between financial institutions.

In the first TCN collateral settlement, BlackRock tokenized shares in one of its money market funds and transferred them to Barclays as collateral for an over-the-counter derivatives trade. The transaction was completed in seconds, compared to days or even weeks using traditional methods.

The use of blockchain technology in collateral settlement has a number of advantages, including:
– Speed and efficiency: Blockchain transactions are typically settled much faster than traditional transactions. This can be a significant advantage in financial markets, where time is often of the essence.
– Security: Blockchain is a very secure technology. Transactions are encrypted and stored on a distributed ledger, making them very difficult to tamper with.
– Transparency: Blockchain transactions are transparent and can be viewed by anyone. This can help to reduce fraud and improve compliance.

JPMorgan’s first TCN collateral settlement is a significant milestone in the development of blockchain technology for financial markets. It demonstrates that blockchain can be used to settle collateral transactions quickly, efficiently, and securely.

The use of blockchain in collateral settlement is expected to grow in the coming years. Other banks and financial institutions are also developing blockchain-based collateral settlement solutions. As the technology matures and becomes more widely adopted, it could revolutionize the way that collateral is settled in financial markets.

COINMARKETCAP INTRODUCED PLUGIN FOR CHATGPT

Crypto data aggregator CoinMarketCap, owned by Binance, has introduced a plugin for the AI chatbot ChatGPT to be used as a crypto analyst. The plugin is free to use and features up-to-date crypto data sourced from CoinMarketCap.

Users can access the feature by signing in to their ChatGPT Plus account and simply enabling the plugin. This will allow them to ask ChatGPT a variety of crypto-related questions, such as:
– How correlated are Bitcoin and Ethereum in 2023?
– How do variations in token distribution models (ICO/IDO/launchpads, etc.) correlate with observed price volatility?
– What are the key factors that drive the price of Bitcoin?
– What are the risks and rewards of investing in cryptocurrency?

ChatGPT will generate answers to these questions based on its knowledge of the crypto market and the data that is available from CoinMarketCap. The plugin is still under development, but it has the potential to be a valuable tool for crypto investors and traders.

Here are some of the benefits of using the CoinMarketCap plugin for ChatGPT:
– Access to real-time data: The plugin uses data from CoinMarketCap, which is one of the most trusted sources of crypto data. This ensures that users are getting accurate and up-to-date information.
– Convenience: The plugin is easy to use and can be accessed from anywhere with an internet connection.
– Versatility: The plugin can be used to answer a wide range of crypto-related questions. This makes it a valuable tool for both beginners and experienced investors.

Overall, the CoinMarketCap plugin for ChatGPT is a promising new tool for crypto investors and traders. It is still under development, but it has the potential to make crypto analysis more accessible and convenient for everyone.

BITMAIN SUSPENDED SALARIES FOR EMPLOYEES

Bitmain, a major Bitcoin mining hardware manufacturer, has suspended salaries for its employees. The suspension reportedly affects all employees and includes both performance and basic wages. Bitmain has not yet provided a public statement on the suspension, but it is believed to be due to a combination of factors, including the current crypto bear market and the company’s own financial difficulties.

Bitmain is not the first crypto company to be affected by the bear market. Many other companies have been forced to lay off employees and cut costs in order to stay afloat. However, Bitmain’s salary suspension is particularly significant because it is one of the largest and most well-established companies in the crypto industry.

The suspension is also a sign of Bitmain’s own financial difficulties. The company has been struggling in recent years, and its stock price has fallen sharply. In 2022, Bitmain reported a loss of $2.1 billion.

The salary suspension is likely to have a significant impact on Bitmain’s employees. Many of them rely on their salaries to support themselves and their families. The suspension is also likely to damage Bitmain’s reputation and make it more difficult to attract and retain top talent.

It is unclear how long the salary suspension will last. Bitmain has not provided any guidance on this matter. However, the company has said that it is committed to resuming salaries as soon as possible.

SAM BANKMAN-FRIED’S EX-GIRLFRIEND TESTIFIES IN COURT

And what is the best way to finish with today’s CryptoNews Digest than to give you the latest update on the infamous Sam Bankman-Fried’s trial case that literally gathered all the headlines in the crypto community lately?

Caroline Ellison, the ex-girlfriend and former colleague of FTX founder Sam Bankman-Fried, testified in court on October 10-11, 2023, as part of Bankman-Fried’s fraud trial. Ellison pleaded guilty to fraud, money laundering, and conspiracy charges in December 2022 and is cooperating with the prosecution.

During her testimony, Ellison said that Bankman-Fried directed her to commit fraud and that she understood that she was breaking the law. She also said that she and Bankman-Fried had a “romantic relationship” and that they lived together in the Bahamas.

Ellison’s testimony is damaging to Bankman-Fried’s defense, as it suggests that he was aware of and involved in the fraudulent activity at FTX and Alameda Research. Ellison’s testimony is also significant because she is a high-ranking executive who worked closely with Bankman-Fried.

Ellison’s testimony is still ongoing, and it is unclear what other information she will reveal. However, her testimony has already had a significant impact on the case. Bankman-Fried’s lawyers have tried to discredit Ellison, but they have been largely unsuccessful.

The trial is expected to last several weeks. If convicted, Bankman-Fried could face up to 20 years in prison.

I will keep a close eye on the further development of the trial and will report about it in future issues of the MNO Weekly CryptoNews Digests, so stay tuned for more details on the case.

That’s about it for this latest Weekly CryptoNews Digest on the MNO blog. I’ll be posting the next update on cryptocurrency in a week, and there will be all the latest developments and news covered. So, if you’re genuinely interested in what is going on in the cryptocurrency world, then make sure you check it out next Monday.

As there is nothing to cover on HYIPs this week that will be it for tonight, guys. I hope your business week will be fruitful and productive and I will be back with the next blog post in a few days time. Keep following MNO – For Money Lovers!