15/05/2023. Weekly CryptoNews Digest

Hello guys! The MNO blog has been at the forefront of the HYIP industry when it was in its best shape (admittedly a few years back now) and it will be here when it is eventually going to recover. So watch this space, guys! I’m not going anywhere whether you like it or not. In fact, I’m pretty much proud of what MNO has achieved in almost sixteen years online and am sure that it’s not the end of the journey but perhaps only a new beginning on the road to further financial success.

Anyway, at the moment we still have an amazing performer which is ShuttleRent. The program has been with us for more than three years but only relatively recently has transformed into an amazing website with lots of cryptocurrencies accepted and new investment plan offers. Depending on how much you intend to invest in ShuttleRent (the minimum starts from $50) you can expect to get from 3%-4.7% on weekdays and 1.25%-1.8% on weekends. That should bring you at least 52% net profit on expiry of the 60-calendar day term that applies on every deposit. By the way, ShuttleRent generally pays instantly (subject to a withdrawal minimum which varies depending on the currency used for investing) and there are plenty of methods to choose from. Currently the program takes BitCoin, LiteCoin, Ethereum, BinanceCoin, Tether USDT, Tron, Solana, Cardano, DogeCoin and Ripple, and I’m not going to be much surprised if the list keeps expanding.

Even though the HYIP industry has become surprisingly uninspiring over the last two years there still might be a program or two that will be launching soon. So keep a close eye on the MNO monitor for any further exciting additions. In order not to miss anything it’s better if you follow me on Telegram, Facebook, or Twitter, or click here to subscribe to get regular updates from the MNO blog sent directly to your mailbox.

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It’s time now to get back to the main subject of today’s news article – Weekly CryptoNews Digest. It is something I do on the MNO blog every Monday which covers the main news and events surrounding the crypto market over the last seven days. This time we will have the last week in focus – from May 8 to May 14, 2023.

EXCHANGE RATE AND TRADING OVERVIEW

The crypto market had a mixed week, with some coins seeing gains while others lost value. Bitcoin (BTC) was up 1.24% over the past seven days, while Ethereum (ETH) was up 1.52%. However, some smaller coins saw more significant gains, with Solana (SOL) up 6.5% and Terra (LUNA) up 10.5%. There were a few factors that could have contributed to the mixed performance of the crypto market last week. One possibility is that investors were reacting to the news that the US Federal Reserve is planning to raise interest rates. Higher interest rates could make it more expensive to borrow money, which could in turn lead to a decrease in demand for risky assets like cryptocurrencies. Another possibility is that investors were simply taking profits after the recent rally in the crypto market. Bitcoin and Ethereum have both been on a tear in recent months, and it’s possible that some investors were simply cashing out their gains. Overall, the crypto market had a relatively quiet week. However, there are a few factors that could keep the market volatile in the coming weeks, such as the ongoing war in Ukraine and the rising interest rates in the US.

BINANCE TO WITHDRAW FROM CANADIAN MARKET

It’s been well publicized that the USA (of all places!) has a certain anti-business attitude when it comes to crypto currencies and the related service providers that go with them. Well, it seems they are not alone with Canada now showing some hostility to businesses they can’t control. Binance, the world’s largest crypto exchange announced its exit from Canada, citing regulatory tensions. The company said that new guidance related to stablecoins and investor limits has prompted their exit from the Canadian market. Binance CEO Changpeng Zhao but more usually known simply under the moniker CZ, described the situation as “no longer tenable.” Quite ironic really given that Canada is CZ’s adopted homeland where he has spent his adult life, received his education, and got his first start in business.

LIECHTHENSTEIN GOVERNMENT PLANS TO ACCEPT BITCOIN

The government of Liechtenstein is planning to accept Bitcoin as payment for state services. Prime Minister Daniel Risch announced the development earlier this week. The move is expected to avoid exchange-rate risks by accepting Bitcoin deposits and immediately converting them for the country’s native fiat currency, the Swiss franc. Bitcoin will not become the national currency of Liechtenstein. Bitcoin will become a payment mode for some government services. The timeline of BTC introduction in Liechtenstein remains undisclosed. Prime Minister Risch said that the government is also considering investing in cryptocurrencies in the future. He said that Liechtenstein wants to be a “crypto-friendly” country. Liechtenstein is a small country in Central Europe with a population of about 38,000 people. It is a constitutional monarchy and a member of the European Economic Area but not the actual European Union, being more closely allies as it is with traditionally neutral Switzerland with whom Liechtenstein shares a common currency. The country also has a long history of financial innovation dating back to the 1970’s when it went from one of Europe’s poorer countries to one of it’s wealthiest. It is home to several major banks and financial institutions. In recent years, Liechtenstein has become a center for cryptocurrency activity. The government’s decision to accept BitCoin is a sign of the country’s willingness to embrace new technologies. It is also a sign of the growing acceptance of Bitcoin by governments around the world.

BITTREX FILES FOR BANKRUPTCY IN US COURT

Bittrex filed for bankruptcy on May 8, 2023. The bankruptcy filing was the result of a number of factors, including a lawsuit filed by the US Securities and Exchange Commission (SEC) alleging that Bittrex operated an unregistered securities exchange. Adding to the situation was a decline in the price of cryptocurrencies which led to a decrease in trading volume on Bittrex, and the increased regulatory scrutiny of the cryptocurrency industry. The bankruptcy filing will have a number of implications for Bittrex customers. First, customers who have funds on Bittrex will need to file a claim with the bankruptcy court in order to receive their funds. Second, Bittrex will no longer be able to offer trading services to US customers. Third, Bittrex’s future is uncertain, and it is possible that the company may be liquidated. The bankruptcy filing of Bittrex is a sign of the challenges facing the cryptocurrency industry. The industry is still in its early stages, and it is facing increasing regulatory scrutiny. The bankruptcy filing of Bittrex is a reminder that investors should carefully consider the risks before investing in cryptocurrencies.

PAYPAL ADMITS TO HOLDING ALMOST $1 BILLION IN CRYPTO ASSETS

PayPal disclosed nearly $1 billion in cryptocurrencies on its balance sheet in a filing with the SEC. The company indicated that it holds $943 million worth of customer assets in BitCoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and LiteCoin (LTC) on its balance sheet. This particular filing, known as a 10-Q, is a quarterly financial performance report mandated by the SEC to disclose financial information. From the end of last year, the company reported an increase of $339 million in customer crypto assets. “We maintain the internal record keeping of our customers’ crypto assets, including the amount and type of crypto asset owned by each of our customers,” PayPal said in its 10-Q. The company does not hold cryptocurrencies outside of its customer assets on its balance sheet. While there’s no regulatory protection for crypto investors in the US yet, PayPal — per its terms and conditions — said that it will protect customers from “the full amount of unauthorized purchase or sale activity,” following cooperation with the company. It will also reimburse customers for “unauthorized transfers” for a lifetime cap of $50,000. The payments provider has introduced numerous crypto features to its customers in the past few years. It enabled customer transfers to third-party wallets and exchanges in July 2022. It also recently rolled out crypto transfers on Venmo, the mobile payments services app. This allowed customers to move holdings to external wallets, while also letting users transfer crypto to others through the app. ConsenSys, in December of last year, integrated a feature allowing users to buy ether via PayPal to fund their wallets.

TERRA FOUNDER RELEASED ON BAIL IN MONTENEGRO

A Montenegrin court has agreed to release the founder and former chief executive of failed blockchain firm Terraform Labs, Do Kwon. He is charged with attempting to use forged documents to flee the country where thad been hiding out. Do Kwon was arrested by Montenegrin authorities on March 23 while trying to board a flight for Dubai on a Costa Rican passport. He was detained together with a companion identified as the company’s Chief Financial Officer, Han Chang-joon. On Friday, the court accepted 400,000 euros in bail for each of the two suspects, pending the outcome of their trial which started a day earlier. However, they will not be allowed to leave their apartment which will be guarded by the Montenegrin police. The accused South Korean natives have pleaded not guilty to the charges pressed against them by Montenegrin prosecutors. Authorities in both Seoul and the U.S. are seeking the extradition of Do Kwon in connection with the $40 billion crash of the Terraform ecosystem’s cryptocurrency Luna and Stablecoin TerraUSD. It has been estimated that around 200,000 people bought the coins and suffered heavy losses when their value evaporated. Kwon disappeared after departing for Singapore in April 2022, right before the collapse of the two digital currencies, and was wanted by Interpol for alleged fraud and financial crimes. He then fled to Serbia, where he reportedly registered a new firm, before eventually ending up in neighboring Montenegro, where he can be sentenced to up to five years in prison. In late March, Do Kwon’s Montenegrin lawyer was quoted as saying that the crypto entrepreneur would have to first stand trial in the country for travelling on fake documents before he can be extradited. The fugitive may also have to serve prison time there before he is handed over to any other jurisdiction. South Korean media reported that Kwon has refused to declare his assets when he was asked how he planned to pay the bail. According to news sources he told the court that his wife will make the payment, explaining that the two of them own a $3-million apartment in South Korea. Kwon is widely suspected of having stashed large amounts of money from the alleged crypto fraud.

That’s about all I wanted to report about in today’s Weekly CryptoNews Digest. If you enjoyed reading please come back next Monday for more news and updates from the crypto market on the MNO blog.

GET PAID REPORT FOR 15/05/2023

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’s it for today, guys. Thanks for as always for reading and I hope to talk to you all again in a few days time on MNO – For Money Lovers!