Dow Futures Collapse as Trump Fails to Calm Coronavirus Alarm

Dow Futures are down despite Trump’s call for calm in the markets. As the presidents remarks become increasingly divorced from reality, investors seem to be ignoring his commentary. Is Covid-19 the needle that pops Trump’s massive stock market rally? U.S Markets may crater when trading opens on Thursday as the United States confirms its first case of coronavirus with no direct link to China. The disease, which is now spreading rapidly around the globe, has infected over 82,000 people and killed 2,800. Dow futures are down 1.01%. S&P and NASDAQ…

Ethereum Community Comes out Against Controversial ProgPoW

Opposition continues to grow against implementation of the controversial Programmatic Proof-of-Work (ProgPoW) proposal in the Ethereum community. ProgPoW is an ASIC-resistant PoW algorithm meant to replace ETHhash, the current hashing algorithm for the platform. First mooted two years ago, it suddenly reemerged as a concrete plan set for the middle of this year following a call of core developers on February 21. Leading stakeholders filed a petition on Github on Feb. 26 to register their disapproval with the decision. Authored by ETHBoston Organizer Justin Leroux, the petition claims the change…

Ripple (XRP) Is Primed To Correct Higher Despite Recent Sell-off

Ripple remained in a major downtrend from well above the $0.2650 level against the US Dollar. XRP price tested the $0.2240 support area and it could correct higher in the short term. Ripple price is down close to 6% and it broke the $0.2350 support area against the US dollar. The price tested the $0.2240 support area and it is currently consolidating losses. There is a contracting triangle forming with resistance near $0.2300 on the hourly chart of the XRP/USD pair (data source from Kraken). The price must climb above…

Ethereum Plunges To $210: Here’s Why $200 Could Be A Savior

Ethereum is down another 10% and it broke the main $230 support area against the US Dollar. ETH price is now approaching the key $205 and $200 support levels. Ethereum is down more than 25% in the past two days against the US Dollar. The price traded close to the $205 support area and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $222 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is under a lot of pressure and…

Iranian General Advocates Crypto Use for Skirting Sanctions: Report

An Iranian general is reportedly calling for the use of cryptocurrency to evade sanctions. Saeed Muhammad, commander of the Islamic Revolutionary Guard Corps’ “Army of Guardians of the Islamic Revolution” (or Sepâh for short), a branch of the Iranian Armed Forces, said in a speech Wednesday that Iran should look to cryptocurrencies to bolster international investment despite heavy sanctions on the nation, reported Coinit.ir. “We are demanding the creation of a more sophisticated mechanism (a commodities exchange) to bypass sanctions,” he said. “To circumvent sanctions, we must develop solutions such…

Taylor Swift Directed ‘The Man’ – But She Didn’t Break Any Glass Ceilings

Taylor Swift fans were expecting the music video for “The Man” to drop on March 8 for International Women’s Day. Swift just announced a Feb. 27 release. While the earlier date pleased fans, they loved the revelation that it’s “Directed By Taylor Swift.” But don’t let the hype fool you. She’s not breaking any glass ceilings. Female artists and directors have created tons of music videos. Taylor Swift fans are all wound up over her latest announcement. In a video posted to Twitter, Swift revealed she’s releasing the much-awaited music…

China Underreported Coronavirus Infections 520% in a Day, Leaked Data

Unconfirmed reports from the Epoch Times suggest the Chinese Communist Party is dramatically undercounting Covid-19 infection data. The New York-based outlet claims to have obtained leaked internal documents from Shandong province’s local government. On Feb. 18, Chinese authorities may have undercounted Covid-19 infections by a staggering 520%. Coronavirus cases surmount 81,000 globally. | Source(s): Johns Hopkins CSSE / GIS and Data. As the Wuhan coronavirus explodes all over the globe, the international community is increasingly critical of China’s handling of the outbreak. Since the beginning, the Communist Party’s secrecy and…

‘Crypto Mom’ Accuses SEC of ‘Shifting Standards’ Following Bitcoin ETF Rejection

The US Securities and Exchange Commision has rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application, citing ongoing concerns over market manipulation and a lack of surveillance-sharing agreements. Commissioner Hester ‘Crypto Mom’ Peirce has publicly disagreed with the rejection. NYSE Arca had submitted a proposed rule change to allow the listing and trade of Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust. The proposal included both US Treasury Bonds and Bitcoin and hoped to address the SEC’s concerns over market manipulation by automatically rebalancing into…

Prince Harry & Meghan Markle are Pretentious Frauds

Prince Harry asked conference attendees to “just call him Harry.” If he and Meghan Markle really wanted to be a “man and woman of the people,” they should give up their titles. Harry and Meghan’s stepping down is just their attempt to have their cake and eat it too. Prince Harry and Meghan Markle are self-indulgent frauds. The royal couple are famously stepping down from their official duties so they can become “financially independent.” If this weren’t already ridiculous enough, Prince Harry has today asked attendees at a conference to…

Animal Crossing Finally Adds Gender-Free Character Customization

Animal Crossing: New Horizons packs more customization options than any previous game in the series. For the first time, your hair and facial features are not tied to your gender. This is an important move towards diversity and inclusivity. Animal Crossing: New Horizons just keeps getting better. It’s the only game in the series to give you so much control over your environment. And it seems like Nintendo is gearing up for another series first. For the first time in an Animal Crossing game, you can now customize your character…