New Twitch Policy is Bad News for Partially Nude Streamers

Twitch updates its policy on nudity and attire to make rules easier for streamers to follow. Streamers and users have criticised the site for its inconsistency and have said that the rules are too difficult to understand. However, Twitch has left room for its policy to be abused. In a post on the Twitch blog, the streaming site has revealed major changes to its Nudity and Attire policy. Twitch says that it has heard the criticisms that its policy hasn’t been “clear enough about what is and is not allowed…

Why Bitcoin Price Abruptly Reversed From a Plunge to $7,000

Bitcoin started a downside correction from the $7,447 monthly high against the US Dollar. BTC price tested the key $7,000-$7,100 demand zone and recently revered losses. Bitcoin failed to extend gains above $7,500 and corrected lower against the US Dollar. The bulls protected the $7,000 support area, resulting in a fresh increase. There is a major bullish trend line forming with support near $7,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher towards $7,500 and $7,800 in the near…

Ripple (XRP) Daily Close Above $0.20 Would Make Case for Larger Rally

Ripple started a downside correction from the $0.2050 resistance against the US Dollar. XRP price tested the $0.1900 support area and it is currently rising towards $0.2000. Ripple price is trading nicely above the $0.1880 and $0.1900 support levels against the US dollar. A successful daily close above the $0.2000 barrier could start a larger rally. There is a key bearish trend line forming with resistance near $0.2000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise as long as it…

Ethereum Takes a Bit Hit But Another Lift-Off To $180 Is Likely

Ethereum is currently correcting lower from the $176 monthly high against the US Dollar. ETH price remains well supported on the downside near the $162 and $158 levels. Ethereum is correcting lower and trading below the $170 level against the US Dollar, similar to bitcoin. The price is holding the main $162 and $158 support levels. There is a key contracting triangle forming with resistance near $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally again towards $180 as long as there is no…

Hexit? EU and Hungary Battle over European Corona Crisis Pandemic

Hungary looks more like the next potential Grexit or Brexit amid the coronavirus crisis. European leaders see existential threat to the Union from divided national responses to coronacrisis. Hungary’s PM seizes full dictatorial power on indefinite timeline due to coronavirus threat. Former European Commission chief Jacques Delors said on March 28 that a lack of European solidarity, particularly with respect to the EU and Hungary over the coronavirus crisis, presented “a mortal danger” to the bloc. As reported by France 24, Delors said coronavirus threatens the EU’s existence as gravely as…

The Luckin Coffee Fraud: Hold Beijing Accountable

Luckin is halted pending news. The stock has already fallen by over 80% due to fraud findings. Luckin is just one in a long line of fraudulent Chinese companies that are plaguing U.S. exchanges. The Chinese Communist Party is ultimately responsible for these crimes. They create an enabling environment for scams. As if stealing intellectual property, forced organ harvesting and a deadly coronavirus weren’t bad enough, openly fraudulent stock listings are the latest nightmare to come out of China. And the Communist Party is doing nothing to stop it. Well…

We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally adjusted consumer borrowing increased by 6.4% in February. As the economy flails through the worst financial crisis in living memory, consumer credit has become a massive liability to consumers and lenders alike. Consumer Credit Bubble…

The PS5 Controller Is Here, and It Looks Freaking Awesome

Sony has finally begun revealing details about the PS5 that the average gamer actually cares about. The latest drop is the design for the new system’s controllers, the DualSense. This new controller design is not only sleek and modern-looking, but it hasn’t lost sight of the DualShock’s iconic design. Official details about the PS5 are starting to come down the line, and not just via boring technical breakdowns by Mark Cerny. Today, seemingly out of nowhere, Sony released the official design for the PS5 controller. And it looks pretty freaking…

Is This It for Crypto Bulls?

After the bullish price action that transpired on Monday, Bitcoin has been dealt a blow over the past few hours, tumbling from the daily high at $7,470 to a local low of $7,070 — slightly more than a 5% drop from the local high. This weakness comes as the stock market has stumbled for the first time in a week, with the S&P 500 index actually posting a slight 0.16% loss since the Tuesday open and after Monday’s 7% performance. But is this it for Bitcoin bulls? Related Reading: After…

Dow Sputters as Trump & McConnell Frantically Reload Fiscal Bazooka

The Dow Jones closed in the red after erasing a 900-point surge. The U.S. stock market suffered negative price-action after a massive gap higher at the opening bell. Trump, McConnell, and Pelosi are all backing more government intervention in the real economy. The Dow Jones completely erased its aggressive rally ahead of Tuesday’s close, as hopes of additional fiscal stimulus from the U.S. government failed to keep the stock market in positive territory. While the long-term effects of all this spending could prove harmful for the stock market, Dow bulls…