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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

Crypto Exchange OKX Releases February Proof-of-Reserves Report

The most recent Proof-of-Reserves report shows that OKX is over-collateralized. With reserve ratios of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT. Since its Proof-of-Reserves website went up at the end of last year. The exchange claims that more than 175,000 unique visitors have checked it

February 20, 2023 1 min read

March 27 Set For Helium Network’s Migration to Solana Blockchain

To increase scalability and dependability, Helium Network, a communications protocol, has planned a transfer to the Solana blockchain and the implementation of oracles on March 27. The blog article from February 17 states that the switch will occur on March 27. And take place over the course of 24 hours,

February 20, 2023 1 min read

Court in Colombia Conducts Hearing in Metaverse Employing Horizon Worlds

As far as we can tell, a Colombian court created legal history by conducting one of the first judicial proceedings in the nation in the metaverse. The hearing, took place on February 15. And was pushed by Magdalena court judge Mara Victoria Quiones Triana. It employed Horizon Worlds technology offered

February 18, 2023 2 mins read

Dex Aggregator Dexible Exploited of $2 Million in Recent Hack

According to a post-mortem report published by the Dexible team on the project’s official Discord channel on February 17. The multichain exchange aggregator was breached, resulting in the loss of $2 million worth of cryptocurrencies. From 6:35 pm UTC on February 17, a popup warning regarding the attack has been

February 18, 2023 1 min read

Robinhood Witnesses 95% Surge in Crypto Trading Volume Last Month

More than $3.7 billion was traded on Robinhood’s platform for cryptocurrencies in the last month, marking a 95% increase compared to December 2022. The company saw a decline in cryptocurrency sales after a strong start to the year due to the 2022 bear market. Compared to their values at the

February 17, 2023 1 min read

DBS Bank Reports 80% Surge in Bitcoin Trading Volume in 2022

Bitcoin trading on DBS Digital Exchange (DDEx), the cryptocurrency exchange arm of Singapore’s DBS Group Holdings, increased exponentially in 2022 despite the winter’s wipeout of billions of dollars in market value. Bloomberg claims that Bitcoin trading volume on the exchange increased by 80% year over year. Bitcoins held in DDEx’s

February 16, 2023 2 mins read

Crypto Exchange CEX.IO Receives Notice by FDIC Over Insurance Claims

Executives of cryptocurrency exchange CEX.IO have received a letter from the United States Federal Deposit Insurance Corporation (FDIC). Notifying them that they may have broken federal law by making false and misleading claims regarding the exchange’s insurance status. The regulatory body has given the exchange 15 days to make the

February 16, 2023 2 mins read

Iris Energy Plans Boosting Internal Mining Capacity to 5.5 EH/s

Following a severe cash flow shortfall in the month of November, Iris Energy said on Monday that their hash rate had returned to levels seen before the FTX incident. The Bitcoin mining company plans to boost its internal mining capacity from 2.0 EH/s to 5.5 EH/s during the next several

February 14, 2023 2 mins read

EminiFX CEO Pleads Guilty to $248 Million Fraud as per U.S DOJ

With his guilty plea to commodities fraud in a New York district court. Eddy Alexandre, the apparent CEO of cryptocurrency trading platform EminiFX, agreed to reimburse victims of his “cryptocurrency investment scam” to the tune of millions. On February 10th, the US Department of Justice (DOJ) reported that Alexandre pleaded

February 13, 2023 1 min read