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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

Namibia Enacts Virtual Assets Act 2023 To Regulate Crypto Sector

National Assembly of Namibia Passes Crypto Regulation Bill

The National Assembly of Namibia has passed a law offering regulation of cryptocurrencies and digital assets. Thus, becoming the latest country in Africa to do so. A measure to govern virtual assets, cryptocurrencies, and VASPs in Namibia was enacted by the lower house of parliament on June 22. The purpose

July 7, 2023 1 min read
Twitter Accounts of Aptos Network Hacked To Promote Fake Airdrop

Twitter Accounts of Aptos Network Hacked To Promote Fake Airdrop

It seems that a Twitter account belonging to the Aptos Foundation has been hacked, with the perpetrators sending followers to a false website advertising the opportunity to take part in a phoney airdrop. The hacker tweeted that everyone who joined the airdrop will be able to claim free APT on

July 7, 2023 2 mins read
Spot Bitcoin ETF Applicants Lure Investors with Cost Slashes

U.S. SEC to Reportedly Meet Spot Bitcoin ETF Applicants Next Week

The U.S. SEC will meet with BlackRock, Fidelity Investments, and other spot Bitcoin ETF registrants next week. After resubmitting their applications to the U.S. SEC, all spot ETF hopefuls have now included information on their surveillance-sharing partners and other prerequisites. Bloomberg’s ETF experts Eric Balchunas and James Seyffart tweeted on

July 6, 2023 2 mins read
Bitcoin Miners Generate $184M Revenue from Transaction Fees in Q2

Bitcoin Miners Generate $184M Revenue from Transaction Fees in Q2

Coin Metrics reports that this quarter, because of the rise in the value of BRC-20 tokens and Ordinals, Bitcoin miners have reaped an unexpected profit of several million dollars in transaction fees. Crypto analytics company claimed a previously “tepid fee market” for Bitcoin miners has been unexpectedly disrupted with its

July 6, 2023 2 mins read
Cardano’s DeFi Total Value Locked (TVL) Rises Amid Price Volatility

Cardano’s DeFi Total Value Locked (TVL) Rises Amid Price Volatility

Despite what may seem to be excessive price swings, Cardano’s (ADA) DeFi TVL has been trending upwards. According to DeFi aggregator DeFiLlama, the total number of ADA tokens locked on all of the DApps it monitors has hit a new all-time high of 557.62 million ADA. This figure has increased

July 5, 2023 2 mins read
Meta (Facebook)

Meta (Facebook) All Set to Launch Twitter Rival ‘Thread’ on July 6

Only days after Twitter’s “rate limit” occurrence, which temporarily curtailed how many tweets users may view each day, Meta intends to debut its new Twitter competitor, Threads, on July 6. A Meta-launched countdown site suggests that the launching of the platform, which is deeply integrated with the Instagram picture and

July 5, 2023 2 mins read
Pudgy Penguin

Credit Suisse Alongside Swiss Football Association Launch NFT Collection

Credit Suisse has taken a giant leap in its support of women’s football in Switzerland by releasing an NFT art collection in collaboration with the Swiss Football Association (SFA). This partnership has two main goals. The first is to increase awareness of the sport. And second is to help the

July 4, 2023 2 mins read
BlackRock Refiles ETF Application Naming Coinbase as Surveillance Partner

BlackRock Refiles ETF Application Naming Coinbase as Surveillance Partner

After receiving feedback from authorities that their proposed exchange-traded fund for Bitcoin spot markets was inadequate, BlackRock has resubmitted a revised proposal. BlackRock has addressed one of the primary concerns the SEC has voiced when rejecting applications for Bitcoin spot ETFs in the past, saying it will be finalizing a

July 4, 2023 1 min read
Gemini CEO Criticizes Grayscale Bitcoin Trust (GBTC)

Gemini CEO Criticizes Grayscale Bitcoin Trust (GBTC)

The CEO of Gemini, Cameron Winklevoss, has called the Grayscale Bitcoin Trust (GBTC) a “toxic product” in a series of tweets. After the SEC rejected Gemini’s registration for a spot Bitcoin ETF a decade ago, Cameron recently vented his frustrations over the experience on Twitter. The CEO said that American

July 3, 2023 2 mins read
Revolut Suspends Crypto Trading Services for U.S Customers

Crypto Neobank Revolut Announces Delisting of SOL, MATIC and ADA

In light of recent regulatory changes in the U.S., crypto-friendly neobank Revolut will soon be delisting a number of digital assets from its platform. The Revolut team informed that the company plans to permanently remove tokens such as Cardano, Polygon, and Solana from its platform in the month of September.

July 1, 2023 1 min read