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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

Kenya's Digital ID System All Set for Launch in December 2023

Kenya’s Digital ID System All Set for Launch in December 2023

After a few months of testing, the Kenyan government intends to implement its digital identity system in December 2023. The Kenyan president, William Ruto, was quoted on October 30 by local media for his remarks made at the East Africa Device Assembly Kenya factory in Athi River. Citizens of Kenya

October 31, 2023 2 mins read
Ripple (XRP) Faces Bull-Bear Showdown in Bid for December Rally

XRP Price Likely Poised To Continue Ongoing Bullish Momentum

Joseph Grundfest, a former U.S SEC commissioner and current professor at Stanford Law School, has been revealed to have strongly opposed the SEC’s action against Ripple due to the far-reaching consequences of the case. In a letter dated December 2020, Grundfest urged former SEC commissioner Jay Clayton not to sue

October 31, 2023 2 mins read
Avalanche's Snowtrace Blockchain Browser Announces Closure

Avalanche’s Snowtrace Blockchain Browser Announces Closure

Avalanche blockchain browser Snowtrace has announced that it would shut down permanently on November 30 at 00:00 UTC. Users now have very little time to save their private name tags and contract verification data before the portal is permanently shut down. The announcement that Snowtrace, the Avalanche platform’s blockchain browser,

October 30, 2023 2 mins read
Ethereum Eyes Breakout as Price Consolidating for a While

Ethereum Eyes Breakout as Price Consolidating for a While

A crucial indicator still indicates considerable volatility for Bitcoin (BTC) despite the asset’s recent upward momentum due to the widespread expectation of the approval of a spot Bitcoin ETF. Santiment, a market intelligence firm, reports that whale activity and social volume in Bitcoin have dramatically decreased over the previous week.

October 30, 2023 2 mins read
JPMorgan Commends Binance's $4.3 Billion Settlement

Binance Strengthens User Security With Launch of BNB SafeWallet

Crypto exchange Binance has released the BNB SafeWallet, a multi-signature wallet based on the Gnosis Safe Protocol, in an effort to strengthen user security and management. An extra layer of safety for user funds has been added to Binance’s services with the recent news that this secure digital asset management

October 28, 2023 2 mins read
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
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