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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

Magic Eden Introduces OCP Tool to Mandate NFT Creator Royalties

Magic Eden Introduces OCP Tool to Mandate NFT Creator Royalties

There is a potential danger to creator royalties in the NFT arena. Particularly on Solana, where almost all major markets have ceased mandating that traders pay the costs. Magic Eden, the most popular Solana marketplace, has recently taken action toward establishing a more stable method to enforce creator royalties. The

December 2, 2022 2 mins read
Russia’s Sber Bank Adds MetaMask Crypto Wallet Support

Russia’s Sber Bank Adds MetaMask Crypto Wallet Support

Sber, Russia’s biggest bank, now supports the MetaMask cryptocurrency wallet. In a drive toward DeFi and Web3, the bank has stated that blockchain technology has been integrated. Integration with the Ethereum ecosystem is shown through the advancement. The data also pointed to the untapped potential for its proprietary blockchain. This

December 2, 2022 1 min read
Italy's Proposed 2023 Budget Includes 26% Tax on Crypto Gains

Italy’s Proposed 2023 Budget Includes 26% Tax on Crypto Gains

Adding to the recent measures taken by Portugal, another European nation plans to increase crypto trading taxes. Italy’s proposed budget for 2023 includes a measure that would impose a whopping 26% tax on crypto-related capital gains. This tax bracket, however, kicks in whenever crypto revenues are above €2,000 (approx $2,062).

December 1, 2022 1 min read
Uniswap Price Analysis: UNIUSDT Identifying Consolidation and Breakout Potential

Decentralized Exchange (DEX) Uniswap Launches New NFT Aggregator

This week’s cryptocurrency market recovery has been accompanied by significant price increases for several cryptocurrencies. The native cryptocurrency of the Ethereum-based decentralized exchange (DEX) Uniswap, UNI, is one noteworthy altcoin with recent gains. The UNI price increased by 6% on Wednesday after the debut of its new NFT Aggregator. Uniswap’s

December 1, 2022 2 mins read
Shiba Inu Worth $16.56M Moved by Whales as Market Rebounds

Shiba Inu Worth $16.56M Moved by Whales as Market Rebounds

After a year of volatility in the cryptocurrency market, prices have started recovering in recent days. Yesterday, there was a significant increase. The coins are still trading in the green, prompting optimistic forecasts for the year-end. Shiba Inu prices have gained marginally in the last day. As of this writing,

November 30, 2022 1 min read
Yuga Labs to Launch New NFT Collection ‘Mecha Apes’ in December

Yuga Labs to Launch New NFT Collection ‘Mecha Apes’ in December

It was speculated in September that NFT powerhouse Yuga Labs was developing a new NFT Collection named “Mecha Apes.” Which may be released before the year’s end. The Community Manager for Yuga Lab, Alexei Koseff, just tweeted that the NFT giant would finally release “Mecha Apes” in time for the

November 29, 2022 1 min read
Kraken Settles With U.S OFAC Over Iran Sanctions Compliance

Kraken Settles With U.S OFAC Over Iran Sanctions Compliance

Kraken, a cryptocurrency exchange based in the United States, has just resolved with the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) for alleged breaches of sanctions against Iran. The settlement is for $362,158.70. The agency stated: “Due to Kraken’s failure to timely implement appropriate geolocation tools,

November 29, 2022 2 mins read
VanEck’s Strategy Advisor Foresees El Salvador as Key Financial Hub

El Salvador Announces Launch of National Bitcoin Office (ONBTC)

The government of El Salvador has upped the ante on its crypto endeavors by establishing a National Bitcoin Office (ONBTC) to monitor and direct all national Bitcoin-related activities. The new organization will be able to collaborate with counterparts in other nations on BTC-related topics. While the cryptocurrency market has been

November 28, 2022 1 min read
U.S Midterm Elections Donation by FTX CEO Can Be Recovered

U.S Midterm Elections Donation by FTX CEO Can Be Recovered

The ultimate responsibility is now on SBF’s political contributions, despite predictions from experts that he would likely face prison time for misusing crypto cash. Sam Bankman-Fried’s contributions to the U.S. Midterm Election 2022 made news in the first week of November, just days before the FTX collapsed. SBF was reportedly

November 28, 2022 2 mins read
Edward Snowden Criticizes MetaMask’s Latest Policy Revision

Edward Snowden Criticizes MetaMask’s Latest Policy Revision

Consensys, the New York-based blockchain software business and creator of MetaMask, the most popular Ethereum wallet, stunned the crypto industry and particularly proponents of decentralization with the new amendments made to its privacy policy. Edward Snowden is one of the most important advocates for privacy. Proclaimed it to be a

November 26, 2022 2 mins read