12/05/2024. Weekly CryptoNews Digest (May, 06 – May, 12) and WizerPeople Updates

Greetings everyone! As we welcome the arrival of summer I’m excited to share with you the latest updates from the world of online investments. At MNO, I’ve been dedicated to providing you with the most lucrative opportunities since 2007. Although the HYIP industry has evolved significantly since its heyday, we’re still discovering hidden gems like WizerPeople. In today’s blog post, we’ll dive into the changes that have taken place in the program over the past seven days. Stay tuned for the latest updates and insights from the world of online investments!

WIZERPEOPLE – ANDROID APP BETA VERSION RELEASED

If you’ve joined WizerPeople since its listing on MNO, you’ve likely reached the profit zone by now. Congratulations to those who have! You’ve spotted a rising star at the right time and are now reaping the rewards thanks to MNO. Let’s hope WizerPeople is still in its early stages and we’ll see many more months of successful work for its investors.

In the current climate of the HYIP industry, with a shortage of high-quality programs, it’s no wonder savvy investors flocked to WizerPeople – a program with an expensive design, original script, and profitable yet sustainable investment plans. These plans include 1%-3.8% for 100 days (principal included), 0.75%-1.6% for 50 days (principal back), 18%-26% for 14 weeks, and 148%-210% after 50 days. WizerPeople accepts all popular cryptocurrencies, starting from a minimum of $20, and withdrawals usually processed instantly. For more information on WizerPeople and why it might be a wise choice for experienced HYIP investors, read the detailed review posted here.

WizerPeople doesn’t plan to stop there. The admin recognizes the importance of constantly improving services for clients and potential new investors. That’s why the Android app is currently in development and is in beta stage testing at the moment. The admin has excitedly reported this development to his investors in the latest newsletter, which I’m reposting below:

“Android app Beta version released!
Dear Investors and Partners,
Today, we are excited to announce that our company is taking a significant step forward by expanding its horizons. We are pleased to inform you that our first mobile application for Android has been developed and brought to full functionality, and we are ready to release the Beta version.
In the current version of the application, users will be able to:
1. Access information presented on our web portal.
2. Register a new profile as well as log in to existing ones.
3. Make deposits.
4. Execute withdrawals.
5. Engage with our affiliate program.
6. Manage profile settings.
7. Monitor current deposits.
8. Update payment details.
This is just a snapshot of the functionalities available in the app. You can download it from the following link: https://wizerpeople.com/Wizerpeople_Android_B1.apk
Please note that the application is in its Beta stage, which means it may not function perfectly. Should you encounter any errors, please do not hesitate to contact us. Once we have addressed all issues and refined the application to perfection, we will transition it to the Stable stage and publish it on the Play Market.
With best regards, The WizerPeople Startup Solutions Team”.

Before we dive into the Weekly CryptoNews Digest, where I’ll summarize the most significant events of the past week and bring you the latest updates from the dynamic crypto world, I’d like to take a moment to remind you of a few important points.

If you haven’t already, now is a great time to join the hundreds of subscribers and add your email address to my list on this page. By doing so, you’ll be among the first to receive notifications about exciting new programs like WizerPeople, giving you the chance to invest early and potentially reap the benefits of being an early adopter. Additionally, don’t forget to follow MNO on Telegram, Facebook, or X/Twitter to stay ahead of the curve and receive the latest news from the HYIP and crypto-related industries as soon as it breaks.

If you have any questions or concerns, please don’t hesitate to reach out to me. You can contact me through this form, email me directly at abramsonp@gmail.com, or chat with me live on Telegram @mnoblog. I’ll be more than happy to reply and assist you in any way possible.

Now, let’s dive into the news stories that made headlines over the last seven days – from May 06 to May 12, 2024 in the usual Weekly CryptoNews Digest on the MNO blog, I’ll be covering the most significant events and updates from the world of cryptocurrency and HYIPs. Let’s get started!

BITCOIN MINERS FEEL THE SQUEEZE AFTER BITCOIN HALVING

Bitcoin miners are feeling the squeeze as the post-halving revenue slump continues to push profitability back down to COVID-era levels. The recent mining difficulty adjustment has further reduced the profitability of Bitcoin miners, making it even more challenging for them to generate revenue.

The increased competition among miners, combined with the rise of new mining pools and the entry of new players in the market, has further reduced profitability. Miners are struggling to maintain profitability as the cost of electricity continues to rise, making it even more challenging for them to stay afloat.

Despite the challenges, miners are exploring ways to reduce costs and increase efficiency, such as upgrading to more energy-efficient equipment and optimizing their operations. However, the long-term outlook for the industry remains positive, driven by the growing adoption of cryptocurrencies and decentralized finance (DeFi) services.

Bitmain, one of the largest mining equipment manufacturers, has seen a significant decline in revenue due to the current market conditions. Several mining pools have merged or consolidated in recent months, indicating the increasing competition and pressure on miners to remain profitable.

New mining pools have emerged, offering alternative options for miners to join and potentially increase their chances of profitability. Despite the challenges, the long-term outlook for Bitcoin mining remains positive, driven by the growing adoption of cryptocurrencies and DeFi services.

CRYPTO BOOM – PHILIPPINES LEAD THE PACK

The global cryptocurrency market has witnessed a significant surge in ownership, with a recent report revealing that over 100 million people worldwide now own cryptocurrencies. The rapid adoption of cryptocurrencies has led to a boom in the market, with many countries experiencing a significant increase in crypto ownership.

According to a recent survey, the country with the highest rate of crypto adoption is the Philippines, with a staggering 20% of the population owning cryptocurrencies. The country’s high rate of crypto adoption can be attributed to the widespread use of digital payments and the country’s relatively low banking penetration.

Other countries that have seen a significant increase in crypto ownership include Vietnam, Indonesia, and Thailand. These countries have seen a surge in crypto adoption due to a combination of factors, including the growing popularity of digital payments, the increasing use of cryptocurrencies for remittances, and the relatively high level of financial inclusion.

The global crypto market has seen a significant increase in trading volumes, with many exchanges reporting a surge in trading activity. The increased adoption of cryptocurrencies has also led to an increase in the number of cryptocurrency-related businesses, including exchanges, wallets, and other services.

DOGECOIN MANIA CAUSED BY TESLA INTEGRATION

Dogecoin, the popular cryptocurrency, has seen a significant surge in value after being integrated into Tesla’s payment system. The integration has led to a massive influx of new investors and traders, causing the cryptocurrency’s value to skyrocket. Dogecoin’s market capitalization has increased by over 35% in just a few days, with its value reaching an all-time high.

The surge in Dogecoin’s value has also led to a significant increase in trading volumes, with many exchanges reporting a surge in trading activity. The increased adoption of Dogecoin has also led to an increase in the number of cryptocurrency-related businesses, including exchanges, wallets, and other services.

The surge in Dogecoin’s value has also led to a significant increase in the cryptocurrency’s market capitalization, with its value reaching over $600 million. The increased value has also led to a significant increase in the number of Dogecoin holders, with many investors and traders holding onto the cryptocurrency in the hopes of seeing its value continue to rise.

RIPPLE WANT TO REVOLUTIONIZE DIGITAL ASSETS RECOVERY

Ripple and XRPL Labs have joined the DeRec Alliance, a consortium of companies working to revolutionize digital asset recovery. The partnership aims to develop innovative solutions to help recover lost or stolen digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and other digital assets.

The DeRec Alliance brings together industry leaders, researchers, and experts to develop cutting-edge technologies and best practices for digital asset recovery. Ripple and XRPL Labs will contribute their expertise in blockchain and cryptocurrency to the alliance.

The partnership will focus on developing solutions to address the growing issue of digital asset loss and theft. The alliance will work to create standardized protocols and tools for digital asset recovery, as well as educate the public on how to protect their digital assets.

The DeRec Alliance aims to make it easier for individuals and businesses to recover lost or stolen digital assets, reducing the financial and reputational risks associated with digital asset loss. The partnership will also explore ways to improve digital asset security and prevent future losses.

Ripple and XRPL Labs’ involvement in the DeRec Alliance underscores their commitment to promoting the responsible use of digital assets and protecting the integrity of the digital asset ecosystem.

FIRST CRYPTO ETF SET TO LAUNCH IN SINGAPORE

Singapore is set to become the first country in Asia to launch a cryptocurrency exchange-traded fund (ETF), following an alliance between Harvest Global Investments and MetaComp. The partnership aims to bring the first crypto ETFs to the Singaporean market, providing investors with a new way to gain exposure to the cryptocurrency market.

The ETFs will track the performance of a basket of cryptocurrencies, including Bitcoin, Ethereum, and others, allowing investors to diversify their portfolios and gain exposure to the rapidly growing cryptocurrency market. The ETFs will be listed on the Singapore Exchange (SGX), making it easier for investors to access the cryptocurrency market.

The launch of the crypto ETFs is expected to boost the growth of the cryptocurrency market in Singapore, attracting more investors and increasing liquidity. The partnership between Harvest Global Investments and MetaComp is expected to pave the way for more crypto ETFs to be launched in the region.

AUSTRALIA CRACKS DOWN ON CRYPTO EXCHANGERS

The Australian government has intensified its scrutiny on cryptocurrency exchanges, demanding data from over 1.2 million accounts. The move is part of a broader effort to regulate the cryptocurrency market and prevent money laundering and terrorist financing.

The Australian Taxation Office (ATO) has issued notices to 11 cryptocurrency exchanges, requiring them to provide information on their customers’ transactions and account balances. The exchanges have been given a deadline of 28 days to comply with the request.

The move is seen as a significant step towards regulating the cryptocurrency market in Australia, which has been largely unregulated until now. The government is seeking to ensure that cryptocurrency exchanges are complying with anti-money laundering and counter-terrorism financing regulations.

The demand for data has been met with resistance from some cryptocurrency exchanges, which have expressed concerns about the scope and timing of the request. However, the ATO has maintained that the request is necessary to ensure compliance with regulatory requirements.

That’s all for today’s news on MNO. Thank you for taking the time to read and stay informed. I hope you have a fantastic weekend and that the upcoming business week brings you prosperity and good luck. You’ve earned it! Thanks for being part of the MNO community – For Money Lovers – and I’ll be back with more updates next week.