Issue 363

CryptoSync Discord Channel Launched!

We have launched our new Discord Channel that has all kinds of Crypto News, Trading and signals and daily updates in real time. Feel free to join!

Key Asian Crypto Panel Giving Up? What’s Really Up Amid Uncertainty

Starting with the crash of Terra network, the past few months have been turbulent for the crypto ecosystem in Asia. In a latest, a key crypto panel advocating for cryptocurrencies indicated that it is shutting shop due to lack of results in the regulatory space. This is a big setback for the crypto community in the South Asian countries.

Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025

The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $52 billion metaverse economy, while at the same time helping to establish 10 innovative companies in the area.

Global KuCoin Exchange Tops 20 Million Users

In today’s press release, the Kucoininformation global cryptocurrency exchange has announced that it has attracted over 20 million users globally. The exchange is planning to commemorate the occasion by launching a contest among users with prizes and bonuses.

4 Factors Which Can Influence the Price of Bitcoin

Since its launch in 2009, Bitcoin has gone from a few cents in value to tens of thousands of dollars in value. As such, it has turned a tidy profit for early adopters of the cryptocurrency, with many Bitcoin millionaires enjoying their return on investment today. Nonetheless, those who keep a keen eye on the latest crypto news will no doubt be aware that Bitcoin has fallen in price over the last few months.

BTC mining costs reach 10-month lows as miners use more efficient rigs

The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak.

Bitcoin Up, Stocks Down as BTC Correlation to Nasdaq Weakens

While the crypto and stock markets both remain bearish, Bitcoin’s correlation with stocks is close to its lowest point this year. The 40-day correlation between the largest cryptocurrency and the Nasdaq 100 index is now below 0.50, according to Bloomberg data.