Daily Crypto Report

"New $140m Bitcoin fund, bitcoin/S&P 500 correlation drops." May 14, 2020

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Today's blockchain and cryptocurrency news

Bitcoin is up 6.5% at 9,662

Ethereum is up 4.5% at $202
and XRP is up 2% at 20 cents

Top gainers in the last 24 hours:

Crypterium up 30%
Matic network, up 20%
Reddcoin up 16%

The New York Digital Investment Group discloses an unknown 140 million bitcoin fund.

The correlation between Bitcoin and the S&P 500 has reached a 2 month low

Reddit is beta testing two ethereum-based tokens for users to collect rewards.

After the halving shakeup in the mining sector Lubian is now the 6th largest mining pool.

Links:

  • Firm With Ties To Former ‘Sheriff Of Wall Street’ Discloses $140 Million Bitcoin Fund
  • Bitcoin's correlation to stocks has declined significantly - The Block
  • Reddit Rolls Out 'Community Points' on Ethereum to Incentivize Positive Behavior - CoinDesk
  • Little-known Lubian is now one of bitcoin's biggest mining pools - The Block
  • Visa is seeking a patent for 'digital fiat currency' – and the filing points to a central bank use case - The Block
  • First State-Owned Entity Joins Libra Association - CoinDesk
  • Aggrieved Investors Mull Suing Telegram Over Canceled TON Blockchain Project - CoinDesk

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