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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

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
BlackRock's Bitcoin ETF Surpasses MicroStrategy's Holdings

Australian Crypto Firm Revives Application for Spot Bitcoin ETF

In order to provide investors with access to a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), Australian crypto investment company Monochrome Asset Management has revised its application with its partner Vasco Trustees. According to the company’s release on July 14, the Monochrome Bitcoin ETF would be

July 14, 2023 2 mins read
Ethereum Surpasses $2000 Mark

Ethereum Surpasses $2000 Mark; Bullish Momentum to Continue?

Following a judgment by a U.S. federal court that XRP should not be deemed a security in some contexts, the larger cryptocurrency market is nearly uniformly green today. This upswing has pushed Ethereum, the second-biggest cryptocurrency by market size, back over $2,000 after a two-month absence. The price of Ether

July 14, 2023 1 min read
Celsius Network Files $2B

Insolvent Celsius Network Files $2B Lawsuit Against Alameda Research

A $2 billion lawsuit has been brought against FTX’s sister firm Alameda Research by Celsius Network on claims of suspicious trading activity that may have affected the price of the Celsius CEL token in 2022. Regulatory agencies such as the U.S. CFTC, the U.S. SEC, and federal prosecutors in Manhattan

July 13, 2023 1 min read
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