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

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

FromDaily Crypto Report


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

FromDaily Crypto Report

ratings:
Length:
6 minutes
Released:
May 14, 2020
Format:
Podcast episode

Description

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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Released:
May 14, 2020
Format:
Podcast episode

Titles in the series (100)

The longest-running daily podcast briefing for news about bitcoin, blockchain, NFTs, and all other global cryptocurrency, digital asset, metaverse, and DLT updates. A daily, 2-4 minute report of everything you need to know to be informed about the cryptocurrency and blockchain space including prices, policy, developments, and governance. The information presented should be considered developing news and not investment advice.