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Hello everyone! Thanks for checking on what’s going on in the HYIP industry with MNO even though there is absolutely nothing special taking place at the moment. Summer season is in its prime with people preferring to bask in the sunshine and sip cocktails from their hotel lounges than getting involved with HYIPs which, frankly speaking, have been mostly kind of rubbish lately. Although I wouldn’t hold my breath but it’s still entirely possible, although highly unlikely, for something viable pop up on the horizon and get listed on MNO. That’s why you might be interested in following me on Telegram, Facebook, or Twitter, or just submit your email and get subscribed to the full blog articles to be delivered to your email address here. And despite the lazy summer season if there is anything you’d wish to discuss with me in person you may always chat with me on Telegram @mnoblog. Alternatively, submit your query using this online form or email me directly at abramsonp@gmail.com. I’m always glad to hear your thoughts and ideas and am ready to help my downlines in any program from the MNO monitor they might encounter. After all, having been heavily involved in the HYIP industry for nearly fifteen years I know a thing or two about what you might need to be familiar with before jumping into this dangerously attractive world of high-risk high-yield investments.

By the way, if even despite the slow summer season you would like to educate yourself on the many pitfalls it might get you in or traps the admins try to set up in order to make you part with your hard-earned cash I can offer a solution. It’s a series of articles called HYIP Admins’ Dirty Secrets where you will find out many tips and tricks that will help to outsmart the deliberate scammers and come out as a winner in the game for profits. The series of articles can be found here and will especially be useful for newbies only making their first steps in the HYIP industry and not looking to be disillusioned regarding the true nature of admins and their creations.

Now, getting back to the real life around us and the world we’re living in at the moment. The plummeting value of cryptocurrencies and the growing inflation and cost of living crisis around the world have caused many people worrying about their future to withdraw from risky assets like BTC and participating in high-yield but also high-risk ventures. The shrinking value of main cryptocurrencies has also made some potential HYIP investors poorer than before (well, at least temporarily) and reduced their available funds to play with risky ventures. At the same time, many admins struggled to cope with shrinking BTC values and other currencies and possibly pulled the plug on their projects much earlier than they might have done under more favorable circumstances. The traditional summer slowdown has also badly affected the investment potential new and emerging programs might hope for, so I honestly don’t expect we will see anything worthy our attention until at least the autumn.

Having said that, let’s stay optimistic and hopeful for things to come back to some sort of normalcy in a few months time. Meanwhile, I would like to take a closer look at what was happening with the BTC, ETH and other major cryptocurrencies in the MNO’s traditional Weekly CryptoNews Digest I publish on the blog every Monday. Here’s what caught my attention last calendar week, June 13 to June 19, 2022.

Sorry to say that anyone tuning in to this week’s CryptoNews Digest looking for better fortunes is in for a big disappointment. If anything the worldwide situation is even worse this week, with further news of panic in the marketplace and further tumbling exchange rates, and honestly, not much sign of short term optimism. So, where to start? Well, many of you may have heard of Celsius, the lending platform considered by most of its users as a sort of “crypto bank”. Without trying to be funny here, the temperature for Celsius isn’t so hot right now. They’re in a lot of trouble, though to be more accurate it’s their members who are really in most trouble. Celsius made the decision to halt withdrawals by its users and rattled crypto markets on Monday last. This in turn underscored fears that some of the sector’s largest companies are on shaky financial ground. The official statement read “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.

In layman’s terms, this means that people who deposited money with Celsius to reap its famously high returns can’t, for the time being, get it out. The company says it has 1.7 million users and is believed to be holding about $8 billion in deposits, which are now frozen. No timetable was offered for when withdrawals would be restored. The news caused the largest cryptocurrencies to plunge — BitCoin dropped 12% as of late Monday afternoon and Ethereum plunged 13%. There is a feedback loop of sorts here; it was a drop of more than 10% for each currency in the days before the announcement that probably contributed to Celsius’s liquidity issues in the first place. Overall, BitCoin is down 23% in the last five days while Ethereum has plummeted 30% during that time; both now sit at their lowest prices in nearly 18 months. Celsius’s own coin meanwhile, called the CEL, has dropped from a high of $7 last year to just 21 cents now.

One of the largest digital currency hedge funds, Three Arrows Capital (3AC), may be facing insolvency after a liquidation totaling more than $400 million caused by recent market events. The Dubai-based investment firm was liquidated by crypto lending firms and is exploring different options to handle its challenges, including asset sales or being rescued by another firm.

Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a head count reduction of around 1,100 people. CEO Brian Armstrong pointed to a possible recession, and a need to manage Coinbase’s burn rate and increase efficiency. He also said the company grew “too quickly” during a bull market. Coinbase had initially said it was pausing hiring. Two weeks later, the crypto giant announced that it was extending the freeze for the “foreseeable future.” Earlier this year, Coinbase said it planned to add 2,000 jobs across product, engineering and design. “Our employee costs are too high to effectively manage this uncertain market,” Armstrong said. “While we tried our best to get this just right, in this case it is now clear to me that we over-hired.” The news comes during a deep rout for Coinbase shares. The stock went public via a direct listing last April during a boom in crypto markets and investors clamoring for high-growth tech stocks. Coinbase’s shares are down 79% this year and 85% from the all-time high. Meanwhile, BitCoin has dropped to around $20,000 and has lost 53% of its value this year.

And if you think all of that news is bad, spare a thought for “poor” Elon Musk. Never far from the news whether it’s related to crypto or not, this time he’s making the headlines on finding himself the target of a $258 billion dollar lawsuit. This is being instigated by a disgruntled Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble. Musk as you probably know is the CEO of both the companies named there. “Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading,” the complaint said. “Musk used his pedestal as World’s Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and amusement.” The complaint also aggregates comments from Warren Buffett, Bill Gates and others questioning the value of cryptocurrency.

To be honest though I can’t see this going much further than the newspapers. A lawyer for Johnson did not immediately respond to requests for comment on what specific evidence his client has or expects to have that proves Dogecoin is worthless and the defendants ran a pyramid scheme. Johnson is seeking $86 billion in damages, representing the decline in Dogecoin’s market value since May 2021, and wants it tripled. Why he thinks that he personally is entitled to that sum was also not explained, though I suspect he may need it to pay his legal fees, which litigious lawyers are always more than happy to accept no matter how big a fool they think you are making out of yourself, when the whole circus is over. He also wants to block Musk and his companies from promoting Dogecoin and a judge to declare that trading Dogecoin is gambling under federal and New York law.

Traditional remittance companies are now trying to include crypto in their operations and offer more crypto related services. Moneygram, a remittance and payments company, recently announced it would start allowing its users to include USDC, a dollar pegged stablecoin, as part of its crypto off and on-ramping program. The company will make use of the Stellar network as a settlement layer to make the needed USDC transactions for the operation of the program. The program established that customers needing to exchange USDC for fiat currencies, or that are selling and looking to acquire crypto with their fiat currencies will be able to use the Moneygram app to arrange an exchange, and they will be able to go to any of the offices of the company in the Canada, Kenya, the Philippines, and the U.S. to complete the operation. For Moneygram, this move is all about bringing financial inclusion to people that are still underbanked and underserved in some markets that present difficulties for its citizens to open bank accounts. One of the problems that this program seeks to solve is that almost two billion people in the world rely on cash for their livelihood, with no options to access the digital economy. At the same time, a persistent pain point for crypto-native users is off-ramping cryptocurrency quickly and reliably. The groundbreaking nature of this service is how it solves problems for a range of users with varying needs around the world. The service is already available in the selected markets mentioned above, and Moneygram declared that it is aiming for global functionality by the end of this month.

Hope you enjoyed the Weekly CryptoNews Digest on MNO and will check back on what’s going on next Monday. Thanks for reading, guys!

NEWS FROM THE HYIP INDUSTRY


MNO TALKBACK – POLL RESULTS DRAWN AND NEW QUESTION ASKED

Since I don’t really have any news to report I have decided it was long overdue to draw the results of the last poll on the MNO TalkBack page that’s been running longer than intended. The reason for the longer than usual time I allocated for accepting your votes is simple – I was not sure that when the HYIP industry’s best admins were going to come back and deliver some impressive and profitable programs. I had some early internal indications that some leading admins were preparing big projects to be launched soon and therefore I asked that question. Alas, since then the admins failed to impress with anything big and due to that and my own scepticism that the year 2022 would see any big performances from well-known admins made me finally close the poll and draw the results much later than I originally planned.

If you consider the question I asked on the MNO TalkBack which said “Do you believe that we will see another leader on the HYIP market later this year?” you will fully understand my current feelings. The worldwide cost of living crisis has already led to widespread claims of an upcoming global recession and the possible economic crisis that will almost inevitably happen next year and perhaps is in its early stages at the moment. To add insult to injury, the crypto industry which is now firmly connected to the HYIP industry has lost over 50% of its capitalization over the last three months alone. The last week was especially harsh for crypto holders with BTC dipping below $19K while Ethereum going behind the $1K mark. Of course, after every such poor market performance and the future bleak perspectives for cryptocurrency growth (at least, in the short-term) due to socio-economical conditions and the looming worldwide economic crisis it would be silly to expect the next leaders of the industry to emerge anytime soon.

Although I myself remain sceptical on whether the HYIP industry is going to re-emerge from this year’s downturn trend I fully appreciate my readers’ enthusiasm and belief that good times might return already later this year. 58% of those of you participated in the TalkBack poll said “Yes, I’m optimistic that good admins will return to bring new leaders”. 33% of you sided themselves with the opposite view – “No, it’s impossible to return to the good old times we had a few years ago”. And the remaining 9% think “It will happen but not this year due to uncertainties in the world right now”. Actually, from being positive earlier this year I tend to share the view of the minority of my readers and guess the dire situation will only change for the better next year at the earliest. And perhaps, it will take even longer for the HYIP industry and cryptocurrencies to fully recover from the current downward pattern caused by various economic uncertainties and quite understandable level of caution shown by the general public around the world at the moment. Whatever is going to happen next though make sure that MNO will be here with you through thick and thin and I’m pretty sure that in some point in future we will be able to return to good old times. The main question is WHEN it’s going to happen!

Now let’s get back to a new question I would like to propose for your votes on the MNO TalkBack over the summer period. Keep reading below and start voting NOW!

We were all certainly hoping that after the disastrous pandemic period of 2020-2021 the world economy will come back stronger than before. However, those hopes have faded and now it’s quite clear that we are entering into one of the biggest economic downturns the world has experienced this century so far. There are so many factors contributing to the cost of living crisis which was largely fuelled by soaring inflation and post-pandemic and war-torn woes the developed economies have been struggling with lately. I guess there is no way you haven’t felt this in your own wallet and the shrinking cryptocurrencies market with BTC trading at slightly over the $20K mark makes things even worse for investors. In these unfortunate circumstances even the most prominent experts have been redoing their calculations and coming out with various different predictions as to how BTC will behave next. And so I have decided to give you the power to see through the next few months and give your own prediction by answering the following question on the MNO TalkBack page. Here is how it reads:

Due to the current economic downturn what do you think will happen to BTC by the end of 2022?

And the possible answers are:

– BTC will regain ground and will reach the new maximums ($70,000 or over)
– BTC will rise in value but will remain below record highs ($40,000-$70,000)
– BTC will remain at current reduced levels and stagnate ($15,000-$40,000)
– BTC will further decrease to new lows due to uncertainties (below $15,000)

I hope you find this poll interesting which will show us what kind of mood is dominant among HYIP investors which has been certainly a part of the crypto industry as well. We will take a look at the results in a few weeks time. Meanwhile, thanks to everyone who takes the time and effort to vote in the TalkBack poll located here.


GET PAID REPORT FOR 20/06/2022

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: RoboticsOnline.
From MNO Basic list: –

That’s all the news I have to report on the MNO blog today, guys. Thanks a lot for your tremendous support and words of encouragement. I will keep doing what I do and most likely we will talk again next Monday. Thanks for staying with MNO – For Money Lovers – and have a nice and profitable week ahead!

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