{"id":17333,"date":"2023-03-20T09:10:10","date_gmt":"2023-03-20T15:10:10","guid":{"rendered":"https:\/\/money-news-online.com\/blog\/?p=17333"},"modified":"2023-03-20T09:10:10","modified_gmt":"2023-03-20T15:10:10","slug":"20-03-2023-shuttlerent-climbs-to-the-next-level-and-weekly-cryptonews-digest","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2023\/03\/20\/20-03-2023-shuttlerent-climbs-to-the-next-level-and-weekly-cryptonews-digest\/","title":{"rendered":"20\/03\/2023. ShuttleRent Climbs To The Next Level and Weekly CryptoNews Digest"},"content":{"rendered":"

Hello guys. It’s amazing how time flies, don’t you think? It seems to me like it was only yesterday the MNO blog<\/a> opened its doors to the world of HYIP investments back in July 2007<\/strong><\/em>. And yet it’s been nearly sixteen years now. And oh my! How things have changed! The HYIP industry was laterally totally replaced by cryptocurrencies<\/strong><\/em> where smart investors could make more money with less effort and significantly smaller risks.<\/p>\n

That is one of the main reasons why since 2022 the MNO blog<\/a> has started a Weekly CryptoNews Digest<\/strong> published every Monday where I give you a much needed overlook at the major events and news on the crypto market that can define not only your investments with cryptocurrencies but with HYIPs too!<\/p>\n

Speaking of HYIPs, there was a significant drop in the quality and (later) also in the quantity of any reasonabe looking investment projects over the last couple of years. Rare exceptions are still to be found and the latest perfect example of that is ShuttleRent<\/a>.<\/p>\n

<\/a>
\nSHUTTLERENT<\/a> UNDERGOES REDESIGN <\/strong><\/span><\/p>\n

Having launched over three years ago ShuttleRent<\/a> <\/strong>has first started as a classic \u201csleeper<\/em>\u201d with a generic design and unattractive plans while building itself a reputation in the HYIP world. The situation has drastically improved last year when ShuttleRent<\/a> has redesigned and made its investment offers more attractive to potential customers by paying 125.5% ROI over a period of 50 calendar days. The acceptance of cryptocurrencies has been limited to two but the admin told me a few times that soon the site would become more user-friendly and with more payment processor choices available for investors.<\/p>\n

Finally, last week it became true and you have to click here<\/strong> <\/a>to see and believe just as how much better the ShuttleRent<\/a> site looks like now. Not only that, as the investment plans became more lucrative and your profit will vary now at how much you invest. At the same time, the cryptocurrencies accepted by the program have been extended and now include literally all the popular payment options. The list includes BitCoin, Ethereum, LiteCoin, Tether USDT, Tron, Solana, and BinanceCoin<\/strong>.<\/p>\n

The minimum investment needed to join ShuttleRent<\/a> has been increased and it’s now $50<\/strong> worth of crypto which is the price of the cheapest plan you may choose to invest to get daily payments of 3% on every business day and 1.25% over the weekends<\/strong>. The investment period has been extended to 60 calendar days<\/strong> which is eight and a half weeks in total. At the end of the investment period you will therefore get over 150% ROI from which 50% will be pure profit.<\/strong><\/p>\n

Please note that the much higher priced investments in plans should get higher daily profits that may reach up to 4.7% paid on weekdays and up to 1.8% on weekends for the same 60-calendar day term<\/strong>. Of course, there is no need to risk thousands to invest in ShuttleRent<\/a> which still remains a high-risk investment for all intents and purposes. However, the higher paying investors of ShuttleRent<\/a> will surely be essential to maintain payments for smaller and more reasonable investors for a very long time.<\/p>\n

Although ShuttleRent<\/a> mentions on every withdrawal request that the payment might take up to 72 hours<\/strong><\/em> to reach your cryptocurrency account, my own first withdrawals since the site’s redesign have still reached my Tron account in seconds<\/strong><\/em>, so I believe the new rule only applies to larger investors which might have their withdrawals delayed for some \u201cextra security checks<\/em>\u201d.<\/p>\n

I can promise you that MNO will be always on the lookout similar high quality to ShuttleRent<\/a> programs and the best way not to miss any new additions to the monitor is to follow MNO on Telegram<\/strong><\/a>, Facebook<\/strong><\/a>, or Twitter<\/strong><\/a>. There you will find all the up-to-date almost instant notifications of the latest news from the listed programs. Also, you may join the ever growing number of MNO subscribers by submitting your email address here<\/strong> <\/a>to start receiving the full articles I regularly post on the blog.<\/p>\n

If you have any questions, concerns or advertising requests that will be answered quickly and professionally you may forward your matter directly at abramsonp@gmail.com<\/strong> or by submitting your query via this contact form<\/strong><\/a>. Alternatively, you’re welcome to chat with me on Telegram @mnoblog<\/strong><\/a> for a speedier response.<\/p>\n

And now after all the introductions on the renewed version of ShuttleRent<\/a> let’s get back to the Weekly CryptoNews Digest<\/strong> and see how the situation on the banking sector across the world has affected cryptocurrencies and made the crypto market going up and up. The next few news articles will cover the last seven days, March 13 to March 19, 2023<\/strong>.<\/p>\n

<\/a>
\nFINANCIAL TURMOIL SPILLS INTO CRYPTO MARKETS, FORCING FEDERAL REGULATORS TO ACT<\/strong><\/span><\/p>\n

Crypto investors should know by now that it doesn\u2019t take much to topple a distressed multi-billion-dollar firm. On March 10, California regulators officially shut down Silicon Valley Bank (SVB)<\/strong> 48 hours after the company disclosed it was in financial distress. As reported at the time, SVB is the first Federal Deposit Insurance Corporation (FDIC)-insured bank to fail in 2023. That crucial detail prompted federal regulators in the United States to step up and backstop SVB depositors before a bank run could ensue. Although government protections weren\u2019t enough to stem a massive drop in bank stocks once markets reopened on Monday, Bitcoin BTC tickers down $28,008 and the broader crypto market soared. Did FDIC bail out Bitcoin? Only time will tell. The SVB fiasco triggered a short but intense period of fear and trepidation in crypto markets<\/strong><\/em> as Circle\u2019s USD Coin USDC tickers down $1.00 depegged. The only thing Circle did wrong was holding a portion of its deposits at SVB when it collapsed. So I want to begin this week’s Crypto News Digest with SVB\u2019s failure and a look at how it affected crypto markets.<\/p>\n

<\/a>
\nSILICON VALLEY BANK SHUT DOWN BY CALIFORNIA REGULATOR <\/strong><\/span><\/p>\n

On March 10, the California Department of Financial Protection and Innovation<\/strong> shut down Silicon Valley Bank and appointed FDIC as the receiver to protect insured deposits<\/strong><\/em>. The news triggered a fire sale in crypto and financial markets as SVB was a top-20 U.S. bank by total assets. So, what compelled regulators to close the bank? Earlier in the week, SVB released its mid-quarter financial update, which disclosed a $1.8 billion loss tied to securities sales and the need to raise $2.25 billion to shore up operations. SVB was a trusted partner of many crypto-focused venture capital firms, but its demise was ultimately tied to duration risk, not crypto industry exposure. Washington put out the SVB fire quickly by announcing that all depositors, and not just accounts worth up to $250,000, would be protected. President Joe Biden<\/strong> later confirmed that shoring up depositors would not cost the taxpayer anything.<\/p>\n

<\/a>
\nCIRCLE CAN ACCESS $3.3B OF USDC RESERVES AT SVB, CEO SAYS<\/strong><\/span><\/p>\n

One of the companies caught in the crosshairs of SVB was Stablecoin issuer Circle<\/strong>, which had $3.3 billion in reserves tied up at the failed bank. USDC lost Stablecoin market share<\/strong><\/em> \u2014 and its peg to the U.S. dollar \u2014 once SVB collapsed because it wasn\u2019t clear if and when Circle could access its funds. At its lowest point, USDC fell to around $0.87. The Stablecoin has since returned to par with the dollar, with Circle confirming it could access reserves held at SVB. Circle lost significant market share over the past week due to ongoing USDC redemptions. USDC\u2019s market cap currently stands at $38.4 billion, less than half of rival Tether, whose USDT is valued at nearly $73.6 billion.<\/p>\n

<\/a>
\nSIGNATURE BANK CLOSED BY NEW YORK REGULATORS, CITING \u2018SYSTEMIC RISK\u2019 <\/strong><\/span><\/p>\n

SVB wasn\u2019t the only crypto-friendly bank collapse this week. On March 12, the Manhattan-based Signature Bank<\/strong> was officially shuttered by the New York Department of Financial Services<\/strong><\/em>, allegedly to protect the U.S. economy and strengthen the public\u2019s confidence in the banking system. \u201cThe actions that we took today were designed to limit the consequences of the depositor outflows from Silicon Valley and from Signature and to reduce any spillover effects<\/em>,\u201d a Treasury official reportedly said. Like SVB depositors, all account holders at Signature will be made whole without affecting taxpayers. Signature Bank had nearly $89 billion in deposits as of December 31, 2022.<\/p>\n

<\/a>
\nEMERGENCY MEASURES FOR UBS TAKEOVER OF CREDIT SUISSE<\/strong><\/span><\/p>\n

The Swiss National Bank (SNB)<\/strong> and Switzerland\u2019s financial regulator reportedly believe that the acquisition of investment bank Credit Suisse<\/strong> by UBS<\/strong> \u2014 Switzerland\u2019s largest bank \u2014 is the only option to prevent a collapse in confidence in Credit Suisse. According to a March 18 Financial Times report citing three people familiar with the situation, Switzerland is preparing to use emergency measures\u201dto accelerate the takeover by UBS of Credit Suisse to finalize the acquisition before markets open on Monday<\/em>“. The report notes that the emergency measures would allow the deal to proceed without a shareholder vote, bypassing the usual Swiss regulations that require a six-week consultation period for shareholders to consult on the acquisition. The SNB and the Swiss Financial Market Supervisory Authority (FINMA) are working to reach regulatory agreement by Saturday night, having reportedly told international counterparts that they regard a deal with UBS as the only option to prevent a complete washout in Credit Suisse.<\/p>\n

It was noted that UBS intends to proceed with Credit Suisse\u2019s plans to downsize its investment bank<\/strong><\/em>, with two of the people briefed on the situation stating that the combined entity will make up no more than a third of the merged group. UBS reportedly has $1.1 trillion total assets on its balance sheet, while Credit Suisse has $575bn [billion] \u2014 a successful merger between the two Swiss banks would reportedly create one of the biggest global systemically important financial institutions in Europe. This comes after American investment company BlackRock stated in a March 18 tweet that it has no interest in acquiring Credit Suisse.<\/p>\n

Previously, the SNB and FINMA released a joint statement on March 15 stating that Credit Suisse met the capital and liquidity requirements imposed on systemically important banks<\/strong><\/em>. The statement noted, if necessary, the SNB would provide Credit Suisse with liquidity, acknowledging that Credit Suisse had been affected by market reactions in recent days.<\/p>\n

<\/a>
\nBITCOIN MARKET CAP GROWS 60% IN 2023 AS TOP WALL STREET BANKS LOSE $100 BILLION<\/strong><\/span><\/p>\n

The six largest U.S. banks \u2014 JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley and Goldman Sachs<\/strong> \u2014 have lost nearly $100 billion in market valuation since the year\u2019s start<\/strong><\/em>, according to data just released. Bank of America\u2019s stock is the worst performer among the Wall Street banking players, with a nearly 17% YTD drop in valuation<\/strong><\/em>. Goldman Sachs trails with an almost 12% YTD decrease, followed by Wells Fargo (9.74%), JPMorgan Chase (6.59%), Citi (3.62%) and Morgan Stanley (0.84%).<\/p>\n

U.S. bank valuations have slid amid the ongoing U.S. regional banking collapse<\/strong><\/em>. That includes the announcement last week that Silvergate, a crypto-friendly bank, was closing its doors, followed by regulators’ subsequent takeover of Signature Bank and Silicon Valley Bank. The crisis further expanded with the near-collapse of First Republic Bank, which was saved at the last moment through a $30 billion combined injection by Wells Fargo, JPMorgan Chase, Bank of America and Citigroup \u2014 among others.<\/p>\n

Cyprus and Greece deja vu?<\/strong> <\/em>The rise of Bitcoin in the face of a growing U.S. banking crisis is similar to how it reacted during banking collapses in Cyprus and Greece. BTC\u2019s price grew by up to 5,000% amid the Cyprus financial crisis in 2013, prompted by the exposure of Cypriot banks to overleveraged regional real-estate companies. The situation was so dire in March 2013 that Cyprus authorities closed all banks to avoid a bank run. When Greece faced a similar crisis in 2015 and imposed capital controls on citizens to avoid a bank run, Bitcoin\u2019s price gained 150%. Fears over the stability of the banking system, along with declining real interest rates, creates a good environment for Bitcoin to rebound, proving that crypto is still seen by some investors at least as a hedge against systemic risks.<\/p>\n

<\/a>
\nCRYPTO MARKET CAP HITS $1 TRILLION, FURTHER GAINS EXPECTED<\/strong><\/span><\/p>\n

Following on from the previous story, the total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17<\/strong><\/em>. Bitcoin was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during the period.<\/p>\n

The surge in cryptocurrency prices occurred as the United States Federal Reserve was forced to lend banks $300 billion in emergency funds<\/strong><\/em>. According to news reports, nearly half of the money went to failed financial institutions Silicon Valley Bank and Signature Bank and was used to pay uninsured depositors. The remaining $153 billion was obtained through a long-standing program known as the \u201cdiscount window<\/em>,\u201d which allows banks to borrow funds for up to 90 days. While appearing to protect the banking sector, additional funding for the Federal Deposit Insurance Corporation and credit facilitation using Fed resources ultimately creates a \u201cfalse sense of confidence,<\/em>\u201d according to activist billionaire investor Bill Ackman. The $30 billion plan devised by U.S. regulators to avoid a major liquidity crisis in First Republic Bank raised more questions than it answers said Ackman, who manages the hedge fund Pershing Square. Furthermore, Ackman stated that half measures don\u2019t work when there is a crisis of confidence.<\/p>\n

As the banking crisis worsened, Warren Buffett<\/strong>, the co-founder and largest shareholder of Berkshire Hathaway<\/strong> \u2014 a $650 billion financial conglomerate \u2014 saw his holdings rapidly deteriorate. Berkshire Hathaway, for example, is the largest holder of Bank of America stock, which has fallen 15.5% year-to-date. This position alone has cost Buffett\u2019s investment vehicle $5.2 billion. Buffett, a well-known cryptocurrency critic, has stated that he has no interest in Bitcoin, even if the entire float is offered at $1,300. The 91-year-old, with a net worth of around $102 billion, claimed that Bitcoin doesn\u2019t produce anything whereas farmland and residential real estate do. However, Bitcoin\u2019s price increased by 31.5% in the six months preceding March 17, while Berkshire\u2019s stock increased by 5.8%<\/strong><\/em>. So, for the time being, the so-called \u201crat poison\u201d \u2014 as Buffett once described Bitcoin \u2014 is outpacing his own financial management firm.<\/p>\n

I do hope that the information provided today has been useful. I’ll be back with more overview and important input from the crypto market in the next Monday’s Weekly CryptoNews Digest<\/strong> on MNO. Stay tuned for that, guys!<\/p>\n

<\/a>
\nGET PAID REPORT FOR 20\/03<\/strong><\/span>\/2023<\/strong><\/span><\/p>\n

Here is the list of the programs from my monitor<\/a> that paid me for the last 168 hours:
\nFrom MNO Sticky list<\/strong>: –
\nFrom MNO Premium list<\/strong>: –
\nFrom MNO Standard list<\/strong>: –
\nFrom MNO Basic list<\/strong>: ShuttleRent<\/a>.<\/p>\n

And that’s about all I have to share with you this Monday. I am finally back to London after a very much needed three-week break in Israel<\/strong><\/em> and feel more refreshed than ever. Thanks to wonderful weather and amazing swims on the warm shores of the Mediterranean! Talk to you again soon on MNO \u2013 For Money Lovers!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello guys. It’s amazing how time flies, don’t you think? It seems to me like it was only yesterday the MNO blog opened its doors to the world of HYIP investments back in July 2007. And yet it’s been nearly sixteen years now. And oh my! How things have changed! The HYIP industry was laterally […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,4],"tags":[],"_links":{"self":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/17333"}],"collection":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/comments?post=17333"}],"version-history":[{"count":1,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/17333\/revisions"}],"predecessor-version":[{"id":17334,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/17333\/revisions\/17334"}],"wp:attachment":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/media?parent=17333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/categories?post=17333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/tags?post=17333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}