Cryptocurrency in the Time of Crisis: What to Expect - hackernoon.com

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• Cryptocurrency in the Time of Crisis: What to Expect - hackernoon.com
• Some US Citizens Look to Be Splashing Their Stimulus Cash on Cryptocurrency - CoinDesk
• FBI Warns of 4 Cryptocurrency Fraud Schemes tied to COVID-19 - KCBD

Cryptocurrency in the Time of Crisis: What to Expect - hackernoon.com Posted: 19 Apr 2020 12:32 PM PDT Start Writing Start Writing Top Stories0 AI Artificial Intelligence Data Data Science Deep Fakes Deep Learning Hierarchy of Needs Machine Learning Myth Busting Neural Networks Thing Label-er What AI Sees The Future of AI As a Service In 5 Years In 50 Years In 500 Years Bots Chatbots Digital Marketing Media Showdown vs. Humans Ways in Which Machines Learn Crypto Blockchain Adoption Application By 2027 Chainsplaining Decentralization Development In Ten Years Learn by Building Mind Blowing Invention Security Token Thesis Smart Contracts Technology Top Stories WTF is Blockchain WTF (2 Min Version) Bitcoin All Bitcoin Stories Beyond Capitalism Bitcoin Spotlight Bear Market Diaries Bull Market Diaries Bitcoin Manifesto Ensuing Pineapples Environmental Damage Gathering Storm HODL Backstory In 20 Years Less than $1k Road to $100k What is Bitcoin? Why Bitcoin Matters More Coins Altcoins Binance Bitcoin Bitcoin Cash Bitcoin SV Cardano EOS Ethereum Libra Litecoin Ripple Stellar Tether TRON More Coding Engineering Agile Architecture MVP Programming Engineering Management Open Source Software Development Startup Engineering Killers Scrum Test Driven Development Voight-Kampff Test What is a Computer? Languages C Java Javascript New Language NodeJS PHP Python React Ruby SQL Swift Vim Security Backend Behind Popular VPNs Cybersecurity Data Breaches Encryption Fake Any Email Frontend Hacked 40 Sites in 7 Min. Hacked Vending Machine Info Sec Non-Technical Co-workers Privacy Wifi Crimes Unencrypted Traffic Startups Evolution Beware the Next Big Thing Brief History of Women in Computing Data-Driven? Think Again Design Failed Algorithms 50 That Started w/ $0 Growth Hack into Startup Indie Startups Open Startups Remote Top Startup Stories Venture Capital Education Don't Test Entrepreneurship For Dummies Founders Funding Management Marketing Pitching Product Management Scaling Strategy User Experience FAAGM As Simpsons Characters Amazon Apple Facebook Google Growing Blockchain Interest Life After Google Microsoft Netflix Taming Big Tech Tech Hiring Culture User Data Violations Coronavirus0 Learn Web Development Angular Complete Javascript Course 2020 Cyber Security Web Developer Bootcamp Web Developer Zero to Mastery Data Science Data science course 2020 Deep learning A-Z Machine Learning, Data Science, Deep Learning Python Python for Machine Learning Statistics for Data Science and Business Analysis Languages HTML & CSS Javascript Java Python SQL In Partnership With Udemy Future Effect of Tech Automation ICO Bubble Big Data Biohack Your Intelligence Economics Futurism Humans vs. Internet Iot Publishing Platform Robotics Self-Driving Cars Space Surveillance Capitalism Framing Realities APIs Augmented Reality In Math We Trust Mixed Reality One Hundred X Engineers Open Tech Letters Rick & Morty & The Meaning of Life Social Media Time Hacker Method Virtual Reality WTF Your Truth vs. The Truth About About About Our New Software CEO COO CPO Everipedia Page Equity Crowdfundraise Extended Network In Six Words or Less Meet the Team On the Gram Our Podcast Some Tech GIFs Some Tech MEMEs Voice of Hackers Start Writing Become Contributing Writer Complete Help Section Complete Writing Guide Connect Medium to Hackernoon Create Your Own Call To Action Get Published Submit a Story Support Troubleshooting Account Creation Write Better Headlines Sponsor Sponsorship Options Become a Sponsor Brand As Author Program Sitewide Billboard Job Postings Newsletters Green-est Sponsors 100+ Brands Publishing Here How We Publish0 Top Stories AI Artificial Intelligence Data Data Science

Some US Citizens Look to Be Splashing Their Stimulus Cash on Cryptocurrency - CoinDesk Posted: 20 Apr 2020 02:58 AM PDT Nothing screams confidence in the U.S. economy more than swapping Federal Reserve-issued money for a digital hedge against the mainstream financial system. The U.S. government issued more than 80 million stimulus checks, each for $1,200, last week. To be deposited directly into bank accounts, the payment is intended to give citizens affected by the coronavirus a few extra dollars to pay for essentials, things such as food and utility bills. But it appears some proportion of Americans instead of spending their stimulus check at Walmart, Amazon or wherever, may have decided to swap their dollars for crypto. Coinbase CEO Brian Armstrong tweeted earlier on Friday his exchange had experienced a sudden spike in the number of buys and deposits worth $1,200. Up until mid-April, around 0.1 percent of total buys and deposits had been for $1,200, then it suddenly spiked nearly 0.4 percent this week, around the time many Americans started receiving their stimulus checks. Of course, it's impossible to say for certain if all these deposits were U.S. citizens looking for a new home for their government-issued money. The graph doesn't specify what the split was between buys and deposits, so it's possible some customers may have simply parked their money in the exchange. We can't tell if these deposits even came from the U.S. But despite a soaring unemployment rate, most in the U.S. are still working and still getting paid. Many who are financially secure may have decided to invest, rather than spend, their stimulus checks. Investors aren't just heading over to Coinbase with their stimulus money. Speaking to CoinDesk, a Binance US spokesperson confirmed they had also seen a spike in $1,200 deposits. "People do seem to have deposited exactly $1,200 into Binance US in the past couple of days," the firm said. Adding to the evidence, last Thursday was also the single largest day for USD deposits into Binance US for more than a month, the spokesperson added, but declined to go into the specifics of how many deposits that would be. Crypto prices took a hit when COVID-19 outbreak fears peaked in March but they have since rebounded. With interest rates at record lows and other assets, like equities, reporting lackluster returns, some U.S. investors may see this is as an opportunity to try a new asset class. CoinDesk reached out to Coinbase and other exchanges for further comment, but hadn't received a response by press time. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

FBI Warns of 4 Cryptocurrency Fraud Schemes tied to COVID-19 - KCBD Posted: 20 Apr 2020 01:51 PM PDT Work from Home Scams. Scammers, posing as employers, may ask you to accept a "donation" of funds into your own bank account and to deposit them into a crypto kiosk. The so-called "donation" is likely money stolen from others. Your acceptance and transfer of the stolen money is considered illegal money mule activity and potentially unlicensed money transmission.

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