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

Daily Crypto Report · May 14, 2020 · 5m

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…