Place your banner here for $150/week or $500/month. Available NOW.
Place your banner here for $145/week or $480/month. Available NOW.
Place your banner here for $140/week or $460/month. Available NOW.
Place your banner here for $135/week or $440/month. Available NOW.

30/10/2023. Weekly CryptoNews Digest (October, 23 – October, 29)


Hello guys! Halloween is just around the corner so I would like to start today’s post with some celebratory wishes to my readers. May your Halloween be filled with all the things that make your heart go bump in the night, but in a good way. May you be surrounded by friends and loved ones who share a love of the spooky and the macabre. May you have a night that is full of laughter, fun, and just a little bit of fright. So let your inner ghoul out to play, and have a spooktacular Halloween!

And so back to business. I sincerely welcome you all on the MNO blog which has been successfully running for over sixteen years now. Having been 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 abandoned the once lucrative money-making niche and their replacements are just a bleak shadow of the greatest ones MNO used to deal with regularly before.

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 make a genuinely passive income with no risk whatsoever.

So, if you don’t want to miss some great paying websites that will make you some decent 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 once 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 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, 23 to October, 29, 2023. I will be covering some mostly positive news that drove markets crazy last week once again leading to higher prices across the crypto industry and a generally more positive outlook. That has been badly needed after a prolonged period of stagnation which may well be over pretty soon. BTC has gained 14% while ETH has made an also respectable 9% increase on its value. So, what actually made many cryptos go through the roof last week? Let’s see more about that in today’s news digest.


Last week, more precisely on October 25, 2023, Bitcoin surged to its highest level since May 2022, reaching a price of $35,000. This was driven by renewed optimism about the potential approval of a spot Bitcoin ETF in the United States.

A spot ETF is an exchange-traded fund that tracks the price of Bitcoin directly. This would make it easier for institutional investors to invest in Bitcoin, as they would be able to do so through traditional brokerage accounts.

There are currently several spot Bitcoin ETF applications pending with the US Securities and Exchange Commission (SEC). The SEC has yet to approve any spot Bitcoin ETF, but there is growing speculation that it could do so in the near future.

The anticipation of a spot ETF approval has been a major driver of Bitcoin’s recent rally. Institutional investors are eager to get exposure to Bitcoin, and a spot ETF would make it easier for them to do so.

In addition to the anticipation of a spot ETF approval, there are a number of other factors that are contributing to Bitcoin’s recent rally. These include:
– Weaker US dollar: The US dollar has been weakening in recent months, which has made Bitcoin more attractive to investors.
– Rising inflation: Inflation is at a 40-year high in the United States, and Bitcoin is seen as a hedge against inflation.
– Growing institutional adoption: More and more institutional investors are getting involved in Bitcoin. This is helping to legitimize Bitcoin and make it more mainstream.

The recent rally in Bitcoin has been remarkable. In just a few days, Bitcoin has gained over 14%. If the SEC does approve a spot Bitcoin ETF in the near future, it could lead to a further rally in Bitcoin prices.


Despite the current positive developments on the crypto market some billionaires are actually much worse off now. Take Binance founder Changpeng “CZ” Zhao as a perfect example of that. He lost billions in 2023, according to the Bloomberg Billionaires Index. His net worth fell from $96 billion in January 2023 to $17.2 billion in October 2023, a drop of over 80%.

The decline in CZ’s wealth is due to a number of factors, including the broader cryptocurrency bear market, regulatory scrutiny of Binance, and declining trading volumes on the Binance exchange.

The cryptocurrency bear market has caused the prices of all cryptocurrencies, including Bitcoin and Ethereum, to fall sharply. This has led to a decline in trading volumes on Binance, as fewer people are buying and selling cryptocurrencies.

Binance has also come under increasing regulatory scrutiny in recent months. The US Securities and Exchange Commission (SEC) is investigating Binance for potential violations of securities laws. The SEC has also warned investors about the risks of trading on Binance.

The regulatory scrutiny has led to a decline in confidence in Binance, and some users have withdrawn their funds from the exchange. This has further contributed to the decline in trading volumes on Binance.

Despite the decline in his wealth, CZ remains one of the richest people in the world. He is also one of the most influential people in the cryptocurrency industry.

It is important to note that the cryptocurrency market is volatile, and CZ’s wealth could rebound in the future. However, it is also possible that CZ’s wealth could continue to decline, depending on the performance of the cryptocurrency market and the outcome of the SEC’s investigation into Binance.


The ETF approval expectations can have a darker side though and can cause the drop in price as well. For instance, the ticker for BlackRock’s spot Bitcoin ETF, IBTC, disappeared and then reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website on October 25, 2023. This caused a sudden 3% drop in Bitcoin’s price.

The DTCC is a financial services company that provides clearing and settlement services for securities. When a security is listed on the DTCC’s website, it means that it is eligible for trading on major US stock exchanges.

The disappearance and reappearance of the IBTC ticker on the DTCC website was widely seen as a sign that BlackRock’s spot Bitcoin ETF approval was imminent. However, the DTCC later clarified that the IBTC ticker had been added to its website in error, and that BlackRock’s spot Bitcoin ETF had not yet been approved.

The sudden drop in Bitcoin’s price after the IBTC ticker disappeared is a sign of the high level of anticipation and volatility surrounding spot Bitcoin ETFs. Investors are eager to get exposure to Bitcoin through a regulated ETF, and they are reacting quickly to any news or rumors about spot Bitcoin ETF approvals.

It is important to note that BlackRock’s spot Bitcoin ETF has not yet been approved by the US Securities and Exchange Commission (SEC). The SEC is still reviewing several spot Bitcoin ETF applications, and it is not clear when or if the SEC will approve any of them.

If and when BlackRock’s spot Bitcoin ETF is approved, it will be a major milestone for the cryptocurrency industry. It will be the first spot Bitcoin ETF to be approved by a major US regulator, and it will make it easier for institutional investors to invest in Bitcoin.


The Turkish government has announced plans to create a regulatory framework for cryptocurrencies in 2024. The announcement was made in the 2024 Turkish Presidential Annual Program, which was published on October 25, 2023.

The regulatory framework will include a legal definition of cryptocurrencies, as well as requirements for cryptocurrency providers, such as crypto exchanges. Cryptocurrency providers will need to register with the Turkish Capital Markets Board (SPK) and comply with the rules set by the SPK.

The Turkish government has not yet released any further details about the regulatory framework. However, it is likely that the framework will be similar to the regulatory frameworks that have been adopted by other countries, such as the United States and the European Union.

The creation of a regulatory framework for cryptocurrencies is a positive step for Turkey. It will help to legitimize cryptocurrencies and make them more attractive to investors. It will also help to protect consumers from fraud and scams.

The Turkish government is also developing its own central bank digital currency (CBDC), known as the digital lira. The digital lira is expected to be launched in 2024. The digital lira will be a digital version of the Turkish lira, and it will be issued by the Central Bank of the Republic of Turkey.

The development of the digital lira is another positive step for Turkey. It will help to modernize the Turkish financial system and make it more efficient. It will also help to reduce the cost of financial transactions.

The Turkish government’s plans for cryptocurrencies and CBDCs are still in their early stages. However, the announcements that have been made so far are positive. The Turkish government is clearly taking cryptocurrencies seriously, and it is working to create a regulatory environment that is conducive to innovation.


Changjiang Currency Exchange, an Australian money transmitter business, has been under investigation by the Australian Federal Police (AFP) for allegedly laundering a suspected $145 million dollars. The AFP alleges that Changjiang Currency Exchange was used by criminals to launder money from drug trafficking and other illegal activities.

The AFP’s investigation into Changjiang Currency Exchange began in 2022. In October 2023, the AFP executed search warrants on the homes and offices of several individuals associated with Changjiang Currency Exchange. The AFP also seized assets worth over $50 million, including luxury cars and property.

Seven people have been arrested in connection with the investigation. They have been charged with a variety of offences, including money laundering, conspiracy to commit money laundering, and dealing in the proceeds of crime.

The AFP’s investigation into Changjiang Currency Exchange is a significant development in the fight against money laundering in Australia. It is the largest money laundering investigation ever conducted by the AFP.

The investigation also highlights the importance of regulating the money transmitter industry. Money transmitters play an important role in the global financial system, but they can also be used by criminals to launder money. This is why it is important to have strong regulations in place to ensure that money transmitters are used for legitimate purposes only.

The Australian government is currently reviewing the regulation of the money transmitter industry. The government is considering a number of reforms, including requiring money transmitters to obtain a license from the Australian Securities and Investments Commission (ASIC). The government is also considering requiring money transmitters to conduct customer due diligence and to report suspicious transactions to AUSTRAC, the Australian financial intelligence agency.

The reforms that are being considered by the Australian government would help to make it more difficult for criminals to use money transmitters to launder money. The reforms would also help to protect consumers from fraud and scams.


And we will end today’s news digest with the latest developments from the Sam Bankman-Fried trial which MNO has been extensively covering on nearly week-by-week basis.

Sam Bankman-Fried, the former CEO of FTX, testified privately to the judge on October 26, 2023 to determine which parts of his testimony can be put to the jury. This is a common practice in criminal trials, and it is known as a proffer.

The purpose of a proffer is to allow the defendant to testify about their version of events without risking being prejudiced by the jury. The judge will then decide which parts of the proffer are admissible at trial.

Bankman-Fried is facing seven counts of fraud and conspiracy charges in relation to the collapse of FTX and its related hedge fund, Alameda Research. The prosecution has alleged that Bankman-Fried used FTX customer funds to cover losses at Alameda Research and to fund his own lavish lifestyle.

Bankman-Fried has denied all of the charges. He has said that he made mistakes, but that he did not commit fraud.

It is not yet clear what Bankman-Fried said in his proffer. However, it is likely that he testified about his understanding of the events that led to the collapse of FTX. He may have also testified about his intentions and motivations.

The judge will now decide which parts of Bankman-Fried’s proffer are admissible at trial. If the judge allows any of the proffer to be admitted, the jury will be able to hear it.

The proffer is a significant development in Bankman-Fried’s trial. It is the first time that he has publicly testified about his role in the collapse of FTX. The outcome of the proffer could have a major impact on the outcome of the trial.

It is important to note that Bankman-Fried’s proffer is not the same as his testimony at trial. If Bankman-Fried chooses to testify at trial, he will be subject to cross-examination by the prosecution.

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, along with all the latest developments and news covered in depth. 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!

PE Recent Posts

Made with an easy to use WordPress theme • skin by