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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

Orbitt Launches Staking Program with Buyback Mechanism and Almost $2M in ORBT Rewards

HashKey Global Partners with Sonic for Boosting Web3 Innovation in Solana Ecosystem

HashKey Global, a licensed virtual asset exchange, has partnered with Sonic, a layer-2 network in the Solana ecosystem. Sonic will be a Web3 partner of HashKey Global. The two sides will work together around the Solana ecosystem to provide users of digital assets and global players better creative experiences. HashKey Global will

November 25, 2024 3 mins read
Axie Infinity Creator Sky Mavis Announces 21% Layoffs Citing Strategic Shift

Axie Infinity Creator Sky Mavis Announces 21% Layoffs Citing Strategic Shift

Despite announcing plans for expansion in the next year, Axie Infinity maker Sky Mavis has announced the layoff of 21% of its employees. As per a report by TechInAsia, out of around 250 worldwide team members, over 50 are scheduled to be let off. CEO and co-founder Trung Nguyen stated:

November 25, 2024 1 min read
Polymarket Expands Access Restrictions Amid French Compliance Inquiry

Polymarket Expands Access Restrictions Amid French Compliance Inquiry

In light of a rumoured inquiry into the platform’s compliance with local gambling regulations, prediction marketplace Polymarket has widened its access restrictions to include users in France. Although the company has not yet made an official announcement regarding the ban on French users. A message stating that Polymarket is in

November 23, 2024 2 mins read
SEC Fines Tai Mo Shan $123M Over TerraUSD Depeg Scandal

US SEC Commissioner Lizárraga Announces Exit Amid Overhaul

Another high-ranking US Securities and Exchange Commission (SEC) officer has announced their impending resignation, drastically altering the trajectory of the agency. A statement made on November 22nd states that SEC Commissioner Jaime Lizárraga would resign on January 17th, which is less than three years after taking the oath of office.

November 23, 2024 2 mins read
Senator Cynthia Lummis Yet Again Advocates for Bitcoin Strategic Reserve

Senator Cynthia Lummis Yet Again Advocates for Bitcoin Strategic Reserve

Market excitement was sparked by Senator Cynthia Lummis’ recent statement that increasing Bitcoin holdings might contribute to halving the US debt in 20 years. Notably, Lummis has been an outspoken advocate for Bitcoin, which has recently drawn a lot of interest from players in the cryptocurrency market. Despite this, the

November 22, 2024 2 mins read
Trump Considers Paul Atkins for SEC Chair Signaling Crypto-Friendly Policies

Gary Gensler to Resign as US SEC Chair in January 2025

SEC Chair Gary Gensler will be resigning from his post next year, according to the US Securities and Exchange Commission (SEC). Gensler has been under pressure to step down ever since Donald Trump was elected president of the United States. Gary Gensler’s departure from the US SEC is scheduled for

November 22, 2024 2 mins read
Cristiano Ronaldo and Binance Launch '7he Selection' to Celebrate 950 Career Goals

Hyve Partners with Lido to Launch X Committee, Offering Scalable DA

Hyve, a Symbiotic-secured high-throughput middleware data availability protocol, is excited to announce a strategic partnership with Lido, the industry-leading liquid staking protocol for Ethereum, to create X Committee, HyveDA’s next permissionless, Ethereum-aligned DAC. Through the staked ETH underpinning validators, HyveDA will be able to expand Ethereum’s security by listing Lido’s wstETH

November 21, 2024 3 mins read
Phantom Wallet Hits Top 10 in iOS App Store Amid Rapid Climb in Rankings

Phantom Wallet Hits Top 10 in iOS App Store Amid Rapid Climb in Rankings

This past Wednesday, the crypto wallet platform Phantom hit an all-time high ranking in the iOS app store. For the first time ever, Phantom cracked the top ten of the best free iPhone applications, coming in at number nine. It lagged behind the short-form video app TikTok, which took eighth

November 21, 2024 2 mins read
US Judge Spares Former FTX Exec Gary Wang from Prison Time

US Judge Spares Former FTX Exec Gary Wang from Prison Time

The trading platforms fraud case against Gary Wang, a former senior executive of the now-defunct FTX exchange, will not result in a prison sentence. Judge Lewis Kaplan of the United States District Court issued an unusually lenient ruling in Manhattan Federal Court. Wang had already entered a guilty plea for

November 21, 2024 2 mins read
Robert Kiyosaki Warns of Bitcoin Crash Amid War Tensions, Bets Big on Silver

Robert Kiyosaki Backs Michael Saylor’s $13M Bitcoin Forecast

Author Robert Kiyosaki of the best-selling “Rich Dad Poor Dad” book has given his stamp of approval to MicroStrategy cofounder Michael Saylor’s $13 million Bitcoin forecast. In his opinion, Saylor is correct. According to Kiyosaki’s latest social media post, Saylor is quite smart. The price of Bitcoin hit $94,040 on

November 20, 2024 2 mins read