February 27, 2020

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

February 27, 2020 boss

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…

Half of Cash App’s Revenue Now Comes From Bitcoin

February 27, 2020 boss

Square’s Cash App derived half of its fourth-quarter revenue from Bitcoin (BTC) services. According to a shareholder letter published on Feb. 28, Bitcoin revenue amounted to $178 million during the fourth quarter of 2019, while combined non-Bitcoin revenue totaled $183 million. In total Bitcoin accounted for more than half a billion dollars of revenue across 2019, equating to around $8 million in profits. That’s up from $1.7 million the previous year. The figures show that Bitcoin is increasing in popularity with smaller retail investors on the peer-to-peer payments app, with…

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

February 27, 2020 boss

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

February 27, 2020 boss

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

February 27, 2020 boss

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…

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

February 27, 2020 boss

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

February 27, 2020 boss

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…