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Mohamed Faisal

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.

Posts by Mohamed Faisal

Ripple (XRP) Turns Bearish After Recent Attempt to Break Resistance

XRP Manages to Hold Above $0.60 Level as Bulls Striving Hard

The Central Bank of Ireland (CBI) has approved Ripple as a virtual asset service provider (VASP), marking another regulatory milestone for the company in Ireland.  With its addition to the CBI’s list of registered VASPs, Ripple is now able to provide specific digital asset services in Ireland, the company said

December 20, 2023 2 mins read
Bitcoin Open Interest on CME Group Hits Record Levels

Bitcoin Options Open Interest Hits Record $2 Billion on CME

Data shows that open interest in Bitcoin options on the CME has hit a record high. Options open interest on bitcoin futures contracts at CME has surpassed $2 billion in the last 24 hours. Consistent with this conclusion, Velo Data reports a $2.1 billion peak in options open interest on

December 20, 2023 2 mins read
Cardano (ADA) Nears Breakout From Descending Trend Line Since May 20

Cardano Fails to Hold Above $0.60 Level as Bears Striving Hard

Two months of training on the Cardano platform for developers took place in Nairobi, Kenya, thanks to a new partnership between IOG Education and the Africa Blockchain Center (ABC). This course was designed to help close the skills gap in blockchain development, which is becoming more important in countries like

December 20, 2023 2 mins read
Bitcoin Futures Open Interest Surges Amid Price Rally to $52,300

Bitcoin Rebounds Above $43K Level as Bulls Make a Comeback

A resurgence of interest in the possibility of the spot Bitcoin ETF launch in the U.S has sent the price of Bitcoin soaring beyond $43,000. With the SEC expected to reach a final ruling on spot ETFs in early January, the revelation that asset management BlackRock has amended its policy

December 19, 2023 2 mins read
Solana Falls Below $70 Level Amidst Severe Selling Pressure

Solana Falls Below $70 Level Amidst Severe Selling Pressure

Solana Saga phone sales on eBay have recently reached $5,000, which is far more than the original retail price, indicating an exceptional spike in the market.  The anticipated profitable airdrops in the future and the general uproar around BONK, a memecoin based on Solana, are the main factors propelling this

December 18, 2023 2 mins read
Daily EVM Inscriptions Gas Fees Reaches Astonishing $8 Million

Daily EVM Inscriptions Gas Fees Reaches Astonishing $8 Million

The weekend saw a jump in network transaction fees across all blockchains, as the need for block space was driven by the Ordinals inscriptions frenzy, which isn’t limited to the Bitcoin network. Gas fees surged over the weekend due to an explosion of Ethereum Virtual Machine (EVM) chain inscriptions. Dune

December 18, 2023 1 min read
Renowned Analyst Anticipates Bitcoin Price to Fall Around $20K

Bitcoin Price Consolidates After Failing to Clear Above $43,380

It seems that investors’ faith in riskier and more volatile assets has been more apparent after the FOMC meeting. The most recent statement from the U.S Federal Reserve, which signified the third straight time interest rates were held constant, was likely the primary catalyst for the recent market upswing. There

December 15, 2023 2 mins read
Judge Prioritizes Customer Recovery Amid IRS Dispute in FTX Case

Judge Prioritizes Customer Recovery Amid IRS Dispute in FTX Case

During a bankruptcy hearing, a federal judge acted to resolve a long-running disagreement between FTX and its biggest creditor, suggesting the court may attempt to expedite the recovery of FTX customers’ monies from the estate of the defunct cryptocurrency exchange. The crypto exchange’s outstanding balance with the Internal Revenue Service

December 14, 2023 1 min read
Bitcoin Futures Open Interest Surges Amid Price Rally to $52,300

Bitcoin Price Breaks Above $43,000 After Recent Flash Collapse

After a few days of intense selling pressure, the whole cryptocurrency industry rose in the last day. Bitcoin saw a precipitous fall all the way to about $40,500 on December 12 after breaking above $44,000 last week. Nonetheless, Bitcoin’s price increased and is now hovering around the $43,000 level. A

December 14, 2023 2 mins read
Solana Faces Brief Correction After Failing to Clear Above $80

Solana Price Witnesses Severe Selling Pressure Amidst Bear Dominance

Solana and Bitcoin NFT collections have advanced this week, with Solana’s ecosystem coming in third after Ethereum. The Bitcoin network surpassed Ethereum in 24-hour sales volume on December 12th, according to statistics from the NFT data portal CryptoSlam. According to the numbers, the Solana network also has the third-highest 24-hour

December 13, 2023 2 mins read