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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

Solana: Will SOL Sustain Its Reversal Momentum and Reach $500 in 2024?

Solana’s Price Witnesses Short Correction Amidst Bullish Trend

VanEck, a prestigious asset management company, recently released research on Solana that has generated a lot of discussion. Solana’s SOL token was given an optimistic forecast in the research, with a price increase to a whopping $3,211.28 by 2030. The report also considers a future in which Solana becomes the

October 28, 2023 2 mins read
Solana’s Price Fails To Slow Down as Bulls Continue Domination

Solana’s Price Fails To Slow Down as Bulls Continue Domination

Solana Labs has launched its first startup incubator as a deliberate effort to strengthen its blockchain ecosystem and attract entrepreneurs. The goal of the initiative is to persuade new businesses to use Solana as their primary blockchain system. The precise funding amount for this initiative is yet unknown. Solana Labs

October 27, 2023 2 mins read
Bitcoin's Recent Rally Sparks Surge in 'Buy Bitcoin' Searches in the UK

Bitcoin’s Recent Rally Sparks Surge in ‘Buy Bitcoin’ Searches in the UK

Searches for “buy Bitcoin” on Google have increased significantly throughout the globe recently, with the United Kingdom seeing an increase of almost 800% in merely the last week. Cryptogambling.tv research found that in only seven days, the number of British internet users who looked for “buy Bitcoin” increased by an

October 27, 2023 1 min read
Bitwise Amends Spot Bitcoin ETF Proposal With Certain Changes

Bitwise Amends Spot Bitcoin ETF Proposal With Certain Changes

Bitwise has resubmitted its Spot Bitcoin ETF proposal after making certain changes to it. The United States SEC provided input and asked questions that led to this determination. The new plan is consistent with expectations, according to social media postings by ETF industry expert James Seyffart.  UPDATE: @BitwiseInvest has submitted

October 26, 2023 2 mins read
Elliptic Debunks Claims of Huge Crypto Funding by Hamas

Elliptic Debunks Claims of Huge Crypto Funding by Hamas

According to Elliptic, a blockchain analytics company, there is “no evidence” that Hamas is using crypto donations to finance attacks against Israel. Elliptic issued a statement on October 25 denying claims that Hamas had received large amounts of cryptocurrency donations. “Remain tiny,” the company said of the funds raised. The

October 26, 2023 1 min read
Crypto Market Remains Resilient Ahead of FOMC Outcome

Crypto Market Remains Resilient Ahead of FOMC Outcome

On July 26, Wednesday, the Federal Reserve of the United States is expected to reveal its interest rate decision. At 18:00 UTC (14:00 ET), the Federal Reserve is likely to announce a rate hike to a range of 5.25%-5.5%, followed by a news conference by Chairman Jerome Powell. According to

July 25, 2023 2 mins read
Ripple CEO Criticizes Former U.S SEC Chairman Jay Clayton

Ripple CEO Expresses Gratitude to Team Over Pivotal Court Ruling

After Ripple’s major legal triumph, CEO Brad Garlinghouse turned to Twitter to express his appreciation for the team and the result. According to Garlinghouse, this judgment is an “unequivocal win for Ripple and for crypto in the US.” Suggesting that it may have far-reaching effects on the whole cryptocurrency industry.

July 20, 2023 2 mins read
Reddit’s Moon Token

Reddit’s Moon Token Surges 67% as Crypto.com Announces Listing

Reddit users’ native token, Moons, has seen a meteoric rise in value after being listed on the crypto exchange Crypto.com. CMC reports that the trading price of a token is $0.48, up 67% in the last 24 hours. On Monday, after hearing that Kraken, a cryptocurrency exchange, was contemplating listing

July 19, 2023 2 mins read
Binance Faces $4.3 Million Fine for Money Laundering Charges in Canada

Binance Introduces Multiple Deposit Addresses for a Single Network Feature

A new feature that will enable customers to obtain several deposit addresses for a single network has been unveiled by Binance. At launch, it supports ERC20 tokens issued on the Ethereum network as well as tokens issued on Ethereum-compatible networks such as Arbitrum One and BNB Smart Chain. In the

July 17, 2023 2 mins read
Caroline Ellison to Testify Against SBF in Fraud Trial This Week

FTX’s Former CEO SBF Seeks Visitation Privileges Without Security

The solicitors for Sam Bankman-Fried (SBF) asked Judge Lewis Kaplan for permission to have specific visitors see their client without going through security checks. Despite being permitted to live with his parents, the former FTX CEO is subject to several constraints. If he has visitors over, a security guard must

July 15, 2023 2 mins read