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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

Shiba Inu Partner Bad Idea AI Rolls Out Major App Upgrade

Shiba Inu Team Entices Users With Highly Anticipated Rocket Pond Teaser

With the announcement of the imminent release of the Rocket Pond teaser, Shib is preparing to entice users with something special, giving viewers a look inside their spectacular metaverse trip. The official Twitter account made the announcement that Rocket Pond will be one of Shiba’s 11 centers in its virtual

June 8, 2023 2 mins read
U.S SEC Counters Coinbase's Claims in Recent Filing, Find Out!

Court Orders U.S SEC to Clear Stance on Rulemaking Petition by Coinbase

The U.S. Securities and Exchange Commission (SEC) has been called for by the Third Circuit Court of Appeals to provide more explanation of its stance on a rulemaking petition submitted by Coinbase (COIN), a cryptocurrency exchange. Coinbase argued that the current regulations are not appropriate for digital assets, therefore in

June 7, 2023 2 mins read
Tech Giant Apple

Tech Giant Apple Reportedly Acquired Augmented Reality Firm Mira

The tech giant Apple disclosed the purchase of Mira, an AR company that produces hands-free, smartphone-powered headsets, only one day after unveiling its new VR product line, Apple Vision Pro. Mira CEO Ben Taft announced Apple’s newest purchase in a private Instagram post. Apple Vision Pro is presently priced at

June 7, 2023 1 min read
Lazarus Group Moves $12M in Ether Through Tornado Cash

North Korea’s Lazarus Group Reportedly Linked to Atomic Wallet Exploit

North Korea’s most renowned cyber-hacking organization has been linked to a cryptocurrency mixer where illicit proceeds from the $35 million Atomic Wallet attack have been circulating. Elliptic, a provider of blockchain compliance analytics, said on June 5 that its Investigations Team has linked crypto mixer Sinbad.io to the theft of

June 6, 2023 2 mins read
Genesis Seeks Court Approval for Sales of $1.4B Worth GBTC Shares

Court Extends Mediation Period Between Insolvent Genesis and Creditors

Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May

June 6, 2023 1 min read
Gate.io

Gate.io Warns of Legal Action Over Spreading Bankruptcy Rumors

After hearing reports of insolvency, centralized cryptocurrency exchange Gate.io has threatened legal action. Since May, members of the crypto community have speculated that the problematic cross-chain protocol Multichain may be related to Gate.io. The exchange tweeted in Turkish (translated): “Legal proceedings will be initiated against people who cause panic among

June 5, 2023 1 min read
ZachXBT

On-chain Researcher ZachXBT Helps Atomic Wallet Victim Recover $1M

Less than one percent of Atomic Wallet’s monthly active customers were affected by the theft that stole $35 million from consumers since June 2, as per the claim by the firm. Atomic Wallet, in conjunction with independent blockchain investigators, has increased its efforts to trace and recover stolen cash after

June 5, 2023 2 mins read
FTX

FTX To Get Back $550,000 Donation Given to Metropolitan Museum of Art

The contribution of $550,000 to the Metropolitan Museum of Art from the cryptocurrency exchange FTX will be returned after the exchange’s failure in November. In a filing with the United States Bankruptcy Court in Delaware on June 2, the New York-based museum reaffirmed its plan to reimburse the monies to

June 5, 2023 1 min read
Montenegro

Montenegro Court Once Again Grants Bail to Terra’s Do Kwon

A lawyer for Terra co-founder Do Kwon and former CFO Han Chang-joon said on Friday that their bail request had been granted for a second time by the Montenegro Basic Court. Prosecutors in Montenegro have three days to file an appeal of the court’s decision. Montenegro Basic Court has once

June 3, 2023 1 min read
Marathon Digital

Marathon Digital Witnesses 77% Surge in BTC Mined in May

With the aid of its own software, Bitcoin miner Marathon Digital Holdings (MARA) mined 1,245 bitcoin in May, an increase of 77% over the previous month. According to the announcement, the miner has boosted its operating processing power by 9%, to 15.2 exahash/second (EH/S). CEO Fred Thiel stated: “The increased

June 3, 2023 1 min read