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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 Price Witnesses Brief Surge Amid Recent Downturn

Solana Price Witnesses Brief Surge Amid Recent Downturn

Solana pricing has been on a dramatic increase in recent weeks. Despite the brief plunge, the price is still up 82% during the last 30 days. The bulls are back in action and the price has shown positive momentum.  On November 20th, the U.S. Securities and Exchange Commission sued Kraken,

November 24, 2023 2 mins read
U.S CFTC Warns Other Crypto Exchanges Post-Binance Settlement

U.S CFTC Warns Other Crypto Exchanges Post-Binance Settlement

The US Commodity Futures Trading Commission (CFTC) has issued a warning to various other cryptocurrency exchanges, two days after Binance’s $4.3 billion settlement with United States authorities was finalized. On Tuesday, former CEO Changpeng Zhao (CZ) pleaded guilty and resigned. Binance should pay penalties totaling $4.3 billion, with $50 million

November 24, 2023 2 mins read
Ripple (XRP) Turns Bearish After Recent Attempt to Break Resistance

XRP Price Briefly Rebounds After Prolonged Bear Domination

XRP’s latest price spike highlights the willingness of its believers to buck the severe bearish momentum. Even while XRP has maintained a link with Bitcoin, its recent price movement, based on its prior performance, implies it is poised for independent progress. In a daring move, leading crypto innovator DeFi Technologies

November 23, 2023 2 mins read
Strong U.S Job Market Growth Surpasses Analyst Expectations

Bitcoin Witnesses Brief Uptick as Overall Crypto Market Turns Green

Grayscale has filed a fresh prospectus for its ambitions to transform its Bitcoin Trust into a spot Bitcoin ETF after a meeting with the United States SEC. The prospective rebranding of GBTC’s ticker was disclosed in a fresh prospectus submitted on November 22. Grayscale’s updated filing contains revisions and adjustments

November 23, 2023 2 mins read
Solana Faces Brief Correction After Failing to Clear Above $80

Solana Faces Severe Selling Pressure as Bears Take Control

After losing gains following a prolonged bull run, Solana (SOL), currently seems susceptible to additional falls. Perhaps influenced by the prior overall market momentum and the fear of missing out (FOMO) impact, the price of SOL skyrocketed to about $0.68 in mid-November, a level last seen in the spring of

November 22, 2023 2 mins read
Germany's Second-Largest DZ Bank to Launch Retail Crypto Trading Pilot

Bitcoin Enters Consolidation Phase Eyeing to Break Over $38,000

Although Bitcoin has been relatively stable over the last 24 hours, prominent altcoins have lost some of the ground they made during early November surges. According to Whale Alert’s data, many whales have recently transferred significant amount of Bitcoin to exchanges.  Earlier today, a “whale” moved 2,707 BTC tokens, valued

November 21, 2023 2 mins read
Santander Chooses Taurus for Safeguarding Cryptocurrencies

Santander Enables Bitcoin and Ethereum Trading for Swiss Clients

Clients with Swiss accounts may now trade and invest in Bitcoin and Ethereum, as a new service has been launched by the international division of Spanish financial giant Banco Santander. High-net-worth clients of Santander Private Banking International may soon be able to trade Bitcoin and Ethereum, according to a source.

November 20, 2023 1 min read
Solana (SOL) Surges Past $110 Resistance, Eyes Upside Momentum

Solana Price Consolidates Eyeing for a Significant Breakout

Solana’s SOL witnessed a price surge to about $68, the highest level since May 2022, despite market volatility. However, it faced severe resistance at this level. Moreover, Santiment reports that investor optimism for SOL has reached great heights since the price increase. Some experts, like Twitter user Ali, have cautioned

November 20, 2023 2 mins read
Bank of International Settlements (BIS) Flags Concerns Over Stablecoins

Bank of International Settlements (BIS) Flags Concerns Over Stablecoins

A new research report from the Bank of International Settlements (BIS) details the institution’s growing worries about the stability of stablecoins. BIS expressed serious doubts regarding their dependability as both an investment and a medium of exchange in their study report. The research analyzes 68 stablecoins and finds that none

November 17, 2023 2 mins read
DCG Reports 51% Revenue Growth Amidst Bitcoin ETF Competition

Bitcoin Faces Steep Correction After Failing to Break Above $38,000

An updated application for a spot Bitcoin ETF has been submitted by WisdomTree. Prominent ETF analyst James Seyffart has said that this modification is normal yet crucial in the multi-stage process of ETF approval. That indicates Wisdom Tree is in constant touch with the U.S SEC about its application to

November 17, 2023 2 mins read
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