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

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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