Shop Smarter with PAYB.IO: Save Time & Money Shopping with Cryptocurrency!

• PAYB.IO is an e-commerce market operator that provides cryptocurrency holders with a multi shopping cart to place orders in multiple online stores.
• It eliminates the need for multiple logins and payment transactions in different FIAT currencies, making shopping easier and saving users‘ time.
• PAYB.IO establishes partnerships to offer additional discounts for cryptocurrency holders and supports purchases in online stores that do not accept cryptocurrency payments.

PAYB.IO is a European company that is revolutionizing the way cryptocurrency holders shop. With their innovative multi shopping cart service, users can place orders in multiple online stores simultaneously and pay for them all with one cryptocurrency transaction. This eliminates the need for multiple logins and payment transactions in different FIAT currencies, significantly reducing the time it takes to shop online.

PAYB.IO also opens up the possibility of shopping in stores that do not accept cryptocurrency payments. The platform offers a growing list of supported cryptocurrencies and constantly expands to include more tokens. This makes it easier for cryptocurrency holders to access goods and services which would otherwise be unavailable to them.

The company is open to partnering with projects that have their own token, enabling clients or team members to pay with them in online stores. Furthermore, PAYB.IO establishes partnerships to offer additional discounts for cryptocurrency holders. This gives users an added incentive to shop online and save even more time and money.

The payment system of PAYB.IO is secure and licensed, and the company has gained the trust of its users by handling both large and small purchases. This makes it an attractive and reliable option for cryptocurrency holders looking to shop online.

For more information on PAYB.IO and its services, visit their website and watch their explanatory video. Additionally, follow PAYB.IO on social media to find out about their partnerships and discounts. With PAYB.IO, cryptocurrency holders can enjoy a streamlined shopping experience and save time and money.

Meme Coins Dive Lower, RSI Remains Overbought Despite Drop

• Meme coins moved lower on Jan. 19, with Shiba Inu (SHIB) and Dogecoin (DOGE) declining by over 10% and 8% respectively.
• SHIB/USD dropped to an intraday low of $0.00001097, and DOGE/USD slipped to a bottom of $0.08013.
• Despite the decline, the relative strength index (RSI) of both coins is still deeply overbought.

The cryptocurrency markets have been on a wild ride in recent days, with meme coins being no exception. On Jan. 19, the meme coins followed the broader market trend, moving lower as cryptocurrency markets plunged following recent highs. Shiba inu (SHIB) and Dogecoin (DOGE) were among the biggest losers, declining by over 10% and 8% respectively.

Shiba inu (SHIB), which rose to a nine-week high on Wednesday, fell by nearly 10% today. Markets have been largely overbought in the past few days, with bears seemingly reentering. Following a high of $0.00001295 in yesterday’s session, SHIB/USD dropped to an intraday low of $0.00001097 earlier today. Thursday’s drop came as the meme coin was unable to cross a long-term resistance level at $0.00001300. Despite the relatively large drop in price, the 14-day relative strength index (RSI) is still deeply overbought. As of writing, the index is tracking at a level of 80.22, which is close to a ceiling at the 82.00 mark. SHIB has somewhat rebounded from earlier declines, and is currently trading at $0.00001114.

Dogecoin (DOGE) also declined on Thursday, with prices falling for a fifth straight day. Since rising to a one-month high on Saturday, the meme coin has moved lower in consecutive sessions. Today’s low saw DOGE/USD slip to a bottom of $0.08013, which is nearly 8% lower than Wednesday’s peak. Looking at the chart, the drop saw DOGE near a key support point at $0.08000, with bulls so far resisting a breakout. Recent decline has pushed price strength significantly lower, moving from a reading above 70.00 on Saturday, to 52.35 as of writing. The 50.00 mark on the RSI indicator seems to be a sustainable support point, however, should this fail to hold, DOGE bears will likely intensify the selling pressure.

Overall, the meme coins were unable to sustain the gains from Wednesday, with both SHIB and DOGE declining. Despite the decline, the relative strength index (RSI) of both coins is still deeply overbought. This suggests that markets have not yet been completely oversold, and that meme coins could potentially rebound if the broader market starts to trend higher.

Coinbase Shutting Down Most of Its Japan Operations After Global Job Cuts

• Coinbase is shutting down most of its operations in Japan after announcing another round of job cuts globally.
• Coinbase teamed up with Mitsubishi UFJ Financial Group Inc. to launch a crypto exchange in Japan in 2021, but the majority of those roles have now been eliminated.
• CEO Brian Armstrong announced the company’s latest round of job cuts Tuesday, noting that the crypto exchange is „letting go of about 950 people“ to weather the industry downturn.

Cryptocurrency exchange Coinbase has announced that it is shutting down most of its operations in Japan after another round of job cuts globally. This move follows Coinbase’s recent partnership with Mitsubishi UFJ Financial Group Inc. to launch a crypto exchange in Japan in 2021. However, the majority of those roles have now been eliminated.

Nana Murugesan, vice president for business development and international, revealed the decision in an interview with Bloomberg Wednesday. He said, “We’ve decided to wind down the majority of our operations in Japan, which led to eliminating most of the roles in our Japan entity.” Murugesan went on to explain that Coinbase is finalizing its discussions with Japan’s top financial regulator, the Financial Services Agency (FSA), and that a small number of employees in Japan will remain to ensure the safety and security of customer assets.

CEO Brian Armstrong announced the company’s latest round of job cuts Tuesday. He noted that the crypto exchange is „letting go of about 950 people“ to weather the industry downturn. Armstrong stated, “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto. We will be shutting down several projects where we have a lower probability of success.”

This is not the first time Coinbase has had to downsize its workforce. In June last year, Coinbase said it made a decision to reduce the size of its team by about 18%, or about 1,200 employees, to ensure the company stays „healthy during this economic downturn“.

The news of Coinbase’s decision to close down most of its operations in Japan after another round of job cuts has caused some concern in the cryptocurrency community. However, CEO Brian Armstrong remains positive, insisting that he is still optimistic about the future of crypto.

Tens of Millions Spent on Luxury Accommodations: FTX Co-Founder Under Fire

• Court filings show that FTX co-founder Sam Bankman-Fried and his team allegedly spent tens of millions of dollars in 2022 on residential accommodations, hotels, food, and flights.
• Records show that $15.4 million was spent on luxury hotels and accommodations, with a great deal of that money dedicated to Bankman-Fried’s $30 million penthouse.
• Furthermore, Bankman-Fried’s quantitative trading firm allegedly owes more than $55,000 to Jimmy Buffett’s beach resort, Margaritaville.

Tens of millions of dollars in living accommodations, hotels, food, and flights were spent by the FTX team in 2022, according to Delaware bankruptcy court documents. Records show that $15.4 million was spent on luxury hotels and accommodations, with a great deal of that money dedicated to co-founder Sam Bankman-Fried’s $30 million penthouse at the Albany beachside resort in The Bahamas.

The penthouse, which went on the market for sale in mid-Nov. 2022, was 12,000 square-feet and located within 600-acres of luxury resort. Furthermore, Bankman-Fried’s quantitative trading firm allegedly owes more than $55,000 to Jimmy Buffett’s beach resort, Margaritaville, after Alameda and FTX executives occupied 20 suites for a few months last year.

The extravagant spending was revealed in court filings following Bankman-Fried’s request for access to FTX’s $460 million in Robinhood shares. On Jan. 8, 2023, Bitcoin.com News reported on Bankman-Fried telling the court he needed access to the funds to „pay for his criminal defense.“ While Bankman-Fried argued that customers „face only the possibility of economic loss,“ the court filings have raised questions concerning his altruism.

The court documents have also highlighted the alleged extravagant spending of Bankman-Fried and his team. From the $30 million penthouse to the $3.6 million spent on hotel rooms at the Grand Hyatt, the expenses seem to have been excessive. Moreover, the $800,000 spent at the Rosewood and the $55,000 owed to Margaritaville have added fuel to the fire.

The court filings have brought to light the lavish spending by FTX co-founder Sam Bankman-Fried and his team. By spending tens of millions of dollars on residential accommodations, hotels, food, and flights, Bankman-Fried and his inner circle have raised questions regarding their financial management. Furthermore, Bankman-Fried’s quantitative trading firm allegedly owes more than $55,000 to Jimmy Buffett’s beach resort, Margaritaville, further highlighting the alleged extravagance.

Crypto Market In Turmoil: Kiyosaki, Burry and Schiff Weigh In

• Robert Kiyosaki believes that the SEC will regulate and “crush” most cryptocurrencies other than Bitcoin.
• Hedge fund manager Michael Burry expects inflation to spike, and believes the US will be in a recession soon.
• Economist Peter Schiff predicts the US dollar will have one of its worst years ever in 2023 due to inflation.

The start of 2023 has been a tumultuous one for the markets, with the uncertainty of crypto businesses bankruptcies, inflation, and recession looming over the horizon. The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed why he is buying more bitcoin, as he warned that the Securities and Exchange Commission (SEC) regulations will „crush“ most other cryptocurrencies. Kiyosaki stated that he is buying more bitcoin due to the fact that it is more resilient and less likely to be affected by the regulations than other cryptos.

Hedge fund manager Michael Burry, who is famous for accurately predicting the 2008 financial crisis, has also weighed in on the current market situation. He claims that inflation has peaked in the U.S., but that there will be another surge in the near future. Additionally, he believes that the U.S. economy will be in a recession “by any definition” soon.

Economist Peter Schiff has also shared his views on the looming economic crisis. He predicts that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation rate is “about to get much worse”. Schiff believes the US dollar will suffer greatly in the near future due to the increasing inflation rate and the likelihood of an impending recession.

The looming economic crisis and the uncertain future of cryptocurrency has left many investors feeling uneasy. Despite the current market instability, the peer-to-peer exchange, which was the original value proposition of bitcoin, remains a reality. This means that individuals are still able to buy and sell cryptocurrencies without relying on third party institutions stifling economic freedom. There is also no shortage of crypto news, and investors should always remain informed of the latest developments in order to make the most informed decisions.

Romanian Authorities Raid Cryptocurrency Traders for Tax Evasion

• Romanian authorities have carried out raids against people suspected of hiding income from cryptocurrency operations
• Law enforcement and tax officials in Romania accused 19 individuals of forming or joining an organized crime group for the purpose of tax evasion
• The taxable income, which they tried to hide, was obtained from transactions with digital currencies

In a move to clamp down on cryptocurrency tax evasion, Romanian authorities have conducted a series of raids against individuals suspected of hiding income from digital asset operations. The raids, carried out in late 2022, followed an investigation which established that traders had failed to report digital assets exceeding $50 million in value.

The investigation, launched by the National Agency for Fiscal Administration (ANAF) last summer, revealed that nineteen individuals had formed or joined an organized crime group for the purpose of evading taxes. Through the use of platforms such as Binance, Kucoin, Maiar, Bitmart, and the now-defunct EtherDelta, the group had generated profits from cryptocurrency trading between 2016 and 2021, but had failed to report this income to the authorities.

As part of the operation, law enforcement and tax officials searched addresses in Bucharest and the counties of Dâmbovița, Ilfov and Olt. The investigation estimated that the group had caused losses to the state budget of 3 million Romanian lei (almost $650,000).

The raids are part of a larger effort by the Romanian government to increase compliance among cryptocurrency taxpayers. The country’s tax authority has set up a special unit to investigate and combat tax fraud, and has been working with law enforcement agencies to identify and prosecute individuals who are not reporting their digital asset profits.

The efforts are part of a wider European trend to increase transparency in the cryptocurrency market. In the UK, for example, the government has proposed a new law which would require digital asset exchanges to report suspicious activities to the authorities. Other countries such as France and Germany have also introduced stricter regulations on the sector.

Cryptocurrency is becoming increasingly popular in Romania, with many traders attracted by its high returns and ease of use. However, the country’s authorities are committed to ensuring that digital asset profits are properly reported and taxed, in order to protect the state’s interests and ensure a fair and transparent market. With the latest raids, they have sent a strong message that those who fail to comply with the law will face the consequences.

Crypto Rally: Ethereum Classic & Polygon Surge to 6-Week High

• Ethereum Classic (ETC) surged 14% to hit a 6-week high on Saturday.
• Polygon (MATIC) also moved higher, racing towards a recent price ceiling.
• Ethereum Classic broke out of a key resistance level of $20.00, while Polygon collided with an RSI ceiling of 49.00.

The weekend started off with a bang for cryptocurrency traders, as Ethereum Classic (ETC) and Polygon (MATIC) saw substantial gains. Ethereum Classic surged to a six-week high, while Polygon raced towards a recent price ceiling.

Ethereum Classic saw prices rally by as much as 14%, breaking out of a key resistance level of $20.00 in the process. The token had been trading at a low of $17.94 on Friday, before bouncing back to a peak of $20.68 earlier in today’s session. The surge also saw the 10-day (red) moving average cross over its 25-day (blue) counterpart, and the 14-day relative strength index (RSI) close to overbought territory.

Polygon (MATIC) was another big mover on the day, with prices climbing for a second straight day. MATIC/USD raced to a high of $0.8105, which is over 3% higher than Friday’s low at the $0.774 mark. This move pushed polygon closer to a key resistance level of $0.8200, which was last hit on December 27. A collision with a ceiling on the RSI was also seen, with the index hitting its resistance of 49.00.

Both Ethereum Classic and Polygon have seen substantial gains to start the weekend, and traders will be closely watching to see if these tokens can extend their recent moves. Ethereum Classic needs to hold above the $20.00 resistance level, while Polygon needs to break through the RSI ceiling for further gains. If these levels can be breached, then the tokens could see further upside in the near term.

Crypto Market Surges: Monero and Cardano Reach Multi-Week Highs

• Monero (XMR) rose to a two-month high of $158.11 before the December U.S. nonfarm payrolls (NFP) report was released, but fell back to $151.90 after the report showed that 223,000 jobs were added to the U.S. economy.
• Cardano (ADA) surged to a multi-week high of $0.2756 and broke out of a key price ceiling at $0.270.
• The 14-day relative strength index (RSI) for both XMR and ADA are hovering above resistance points, indicating that the current trend for both tokens is bullish.

The cryptocurrency market was mostly higher on Friday, as many tokens surged to multi-week highs. Monero (XMR) rose to a two-month high of $158.11 before the release of the December U.S. nonfarm payrolls (NFP) report, but fell back to $151.90 after the report showed that 223,000 jobs were added to the U.S. economy. XMR initially broke out of a resistance level at $155.00, but as of writing is once again below this point. The 14-day relative strength index (RSI) for XMR is currently tracking at the 61.37 level, which is marginally below a key resistance level of 70.00.

Cardano (ADA) was another notable gainer in Friday’s session, as it surged to a multi-week high. ADA/USD raced to a peak of $0.2756 earlier in the day, and this comes less than 24 hours after trading at a low of $0.2651. Today’s rally sent ADA to its strongest point since December 16, prior to prices consolidating during the holiday period. The surge in price also saw ADA break out of a key price ceiling at $0.270, and the asset continues to trade above this point. In addition to this, the RSI of 14 days is hovering above a resistance point of its own at 50.0.

Overall, the bullish momentum seen in the cryptocurrency market today is indicative of an overall upward trend. The breakouts for XMR and ADA above key resistance points suggest that both tokens could continue to move higher in the near future. However, it is important to remember that crypto markets are highly volatile and prices can move quickly in either direction. As such, traders should always exercise caution when trading cryptocurrencies and never invest more than they can afford to lose.

Ethereum & Bitcoin Dip Ahead of US NFP Report

• Ethereum (ETH) was marginally lower on Dec. 6, as markets prepared for the U.S. nonfarm payrolls (NFP) report.
• Bitcoin (BTC) also declined ahead of the report, falling to a low of $16,738.90.
• ETH managed to remain above its recent price floor of $1,230 despite today’s decline.

As investors around the world prepared for the highly anticipated U.S. nonfarm payrolls (NFP) report, both Bitcoin (BTC) and Ethereum (ETH) experienced minor price declines. On Dec. 6, BTC fell to a low of $16,738.90 as the markets awaited the results of the report, which is expected to show an addition of 200,000 jobs to the U.S. economy, down from November’s figure of 263,000. Ethereum was also slightly lower on the day, bottoming out at $1,242.63, although it managed to remain above the important support level of $1,230.

Looking at the Bitcoin (BTC) chart, the 14-day relative strength index (RSI) continues to slip, after failing to break out of a ceiling at 51.00. As of writing, the index is tracking at 47.24, and seems to be heading towards a support point of 43.00. Momentum could still shift, however, should a stronger than expected NFP number get released, which could prompt the 10-day (red) moving average to move closer towards its 25-day (blue) counterpart.

The Ethereum (ETH) chart is also showing a similar trend, with the 10-day (red) and 25-day (blue) moving averages continuing to move in opposite directions. However, the long-term outlook for ETH remains positive, with the coin’s price staying above the key support level of $1,230. This suggests that the coin could still experience an upside in the near future, depending on the outcome of the NFP report.

Overall, the markets are expecting a slightly weaker NFP report this month, with an addition of 200,000 jobs to the economy. Should the actual figure come in lower than this, it is likely that both Bitcoin and Ethereum could experience further price declines. However, if the report comes in better than expected, then the two coins could experience a rally as investors look to capitalize on the positive news. Either way, the report will be a key factor in determining the short-term price movements of both coins.