{"id":4225,"date":"2020-04-21T09:48:00","date_gmt":"2020-04-21T06:48:00","guid":{"rendered":"https:\/\/crypto-mining.club\/?p=4225"},"modified":"2020-04-19T09:49:28","modified_gmt":"2020-04-19T06:49:28","slug":"coinbase-americans-invest-stimulus-payments-from-the-state-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/crypto-mining.blog\/en\/news\/coinbase-americans-invest-stimulus-payments-from-the-state-in-cryptocurrency\/","title":{"rendered":"Coinbase: Americans invest stimulus payments from the state in cryptocurrency"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/crypto-mining.club\/wp-content\/uploads\/2020\/04\/photo_2020-04-19_09-41-43-1024x683.jpg\" alt=\"Coinbase: Americans invest stimulus payments from the state in cryptocurrency\" class=\"wp-image-4222\" srcset=\"\/\/crypto-mining.blog\/wp-content\/uploads\/2020\/04\/photo_2020-04-19_09-41-43-scaled.jpg 1024w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/04\/photo_2020-04-19_09-41-43-300x200.jpg 300w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/04\/photo_2020-04-19_09-41-43-768x512.jpg 768w, \/\/crypto-mining.blog\/wp-content\/uploads\/2020\/04\/photo_2020-04-19_09-41-43-769x513.jpg 769w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>The American cryptocurrency exchange Coinbase recorded a sharp increase in the number of deposits by exactly $ 1,200. This week, US authorities also began sending out checks to citizens for which they owed this amount.<\/p>\n\n\n\n<p>Coinbase CEO Brian Armstrong shared statistics on his Twitter, but declined to comment.<\/p>\n\n\n\n<p>According to the presented chart, usually at $ 1,200 deposits account for about 0.08% of all platform revenues. A deviation of up to 0.375% this week is statistically significant to reasonably link it to the latest US government support measures.<\/p>\n\n\n\n<p>Relief checks rely on 80 million US adults earning less than $ 75,000 a year. According to Finance Minister Stephen Mnuchin, they should have received direct transfers to their bank accounts by April 15.<\/p>\n\n\n\n<p>Netspend, which processed about $ 1 billion in relief assistance, said it spent mostly on \u201cfood, fast food, medicine, and gas.\u201d Some of the funds are cashed at ATMs.<\/p>\n\n\n\n<p>Participants in the crypto community, including Guy Bennett, BitcoinorBust and El Barto, admitted that they really invested the money received in bitcoin. At the current exchange rate, you can purchase about 0.17 BTC for $ 1,200.<\/p>\n\n\n\n<p>BlockWorks Group co-founder Jason Janowitz said his friend first bought Bitcoin for money received from the state.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cFirst, the Fed conducts a marketing campaign for bitcoin, and now it also finances its purchase less than a month before the halving,\u201d he wrote.<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><em><strong>Recommended New Articles:<\/strong><\/em><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vc29mdHdhcmUvZXRobWluZXItMC05LTQxLWdlbm9pbC0xLTAtOC1kb3dubG9hZC1ldGhlcmV1bS1taW5lci1mb3Itd2luZG93cy1saW51eC14MzIteDY0Lw==\" >Ethminer 0.9.41-genoil-1.0.8: Download Ethereum miner for Windows\/Linux x32\/x64<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbmV3cy9ldGhlcnNjYW4tbGF1bmNoZXMtZXRocHJvdGVjdC10b29sLXRvLXRlc3QtY3J5cHRvLWFzc2V0cy1jbGVhbi8=\" >Etherscan Launches ETHProtect Tool to Test Crypto Assets \u201cClean\u201d<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vbmV3cy9mYmktdGFsa2VkLWFib3V0LWNyeXB0b2N1cnJlbmN5LWZyYXVkLXNjaGVtZXMtYWdhaW5zdC1jb3ZpZC0xOS8=\" >FBI talked about cryptocurrency fraud schemes against COVID-19<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vc29mdHdhcmUvYm1pbmVyLTE1LTQtMC1kb3dubG9hZC13aXRoLWltcHJvdmVkLXBlcmZvcm1hbmNlLWZvci1jdWNrYXJvbzI5LWFldGVybml0eS8=\" >Bminer 15.4.0: Download With Improved Performance for Cuckaroo29 \/ Aeternity<\/a><\/noindex><!--\/noindex--><\/li><li><!--noindex--><noindex><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/crypto-mining.blog\/LINKURL\/aHR0cHM6Ly9jcnlwdG8tbWluaW5nLmNsdWIvZW4vc29mdHdhcmUvc2dtaW5lci12NC0yLTEtZG93bmxvYWQtc2NyeXB0LWdwdS1taW5lci1mb3Itd2luZG93cy8=\" >SGMiner v4.2.1: Download Scrypt GPU Miner for Windows<\/a><\/noindex><!--\/noindex--><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The American cryptocurrency exchange Coinbase recorded a sharp increase in the number of deposits by exactly $ 1,200. This week, US authorities also began sending out checks to citizens for which they owed this amount. Coinbase CEO Brian Armstrong shared&#8230; <\/p>\n","protected":false},"author":2,"featured_media":4223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,21],"tags":[87],"class_list":["post-4225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-cryptocurrencies","tag-coinbase-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coinbase: Americans invest stimulus payments from the state in cryptocurrency | CRYPTO MINING BLOG<\/title>\n<meta name=\"description\" content=\"Crazy-Mining.org - Resource about cryptocurrencies, mining and blockchain | News | Cryptocurrency Rates | Bitcoin | Ethereum | Cryptocurrencies | Mining | Software\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crypto-mining.blog\/en\/news\/coinbase-americans-invest-stimulus-payments-from-the-state-in-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase: Americans invest stimulus payments from the state in cryptocurrency | CRYPTO MINING BLOG\" \/>\n<meta property=\"og:description\" content=\"Crazy-Mining.org - 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