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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

Italy Embraces the Crypto Art Renaissance to Boom Its NFT Market

Actor Anthony Hopkins NFT Collection Sold in 7 Minutes

The first NFT art collection by Academy Award-winning actor Anthony Hopkins, named “The Eternal Collection,” sold out on NFT marketplace OpenSea in under seven minutes. The collection is a series of over a thousand original artworks commemorating the actor’s decades-long Hollywood career, with visual references to his roles in films

October 15, 2022 1 min read
Mango DAO Proposes $47 Million Settlement to Hacker

Mango DAO Proposes $47 Million Settlement to Hacker

The assailants artificially inflated the value of their collateral and then borrowed heavily. According to the terms of the arrangement, the hacker must return $67 million in tokens. Recently, a thief made off with $100 million in cryptocurrency using an exploit in the Mango Markets platform. Mango DAO has given

October 15, 2022 1 min read
Skype Co-founder Leads $13M Investment in Mining Gear Firm

Skype Co-founder Leads $13M Investment in Mining Gear Firm

Metaplanet’s investment is not Tallinn’s first step into cryptocurrencies. Tallinn acknowledged owning majority of his fortune in Bitcoin. Fabric Systems, a cryptography hardware technology firm, has completed a seed round raising $13 million from investors. In order to develop low-power Bitcoin mining gear. The funding came from 8090 Partners, a

October 14, 2022 2 mins read
Huobi Token (HT) Surges 24% Amid Recent Developments

Justin Sun Reveals Holding Millions of Huobi’s HT Token

These remarks were made by Justin Sun on Thursday, October 13. The price of HT tokens rose about 100% in a week’s time after Sun became an adviser. In his most recent confession, Tron’s founder Justin Sun revealed that he has tens of millions of Huobi Tokens. Interestingly, he stated

October 14, 2022 1 min read
Binance Completes BNB Smart Chain Security Patch Update

Binance Completes BNB Smart Chain Security Patch Update

Binance had announced the freeze of deposits and withdrawals during the upgrade. Binance stated that the BNB Smart Chain will resume normal operations. The BNB Smart Chain was hacked for almost $100 million five days ago, prompting a temporary halt in transactions until the problem is resolved. The hacker at

October 13, 2022 1 min read
Visa Plans To Facilitate Automatic Transactions on Ethereum Blockchain

Offchain Labs Developer of Arbitrum Acquires Prysmatic Labs

For validating Ethereum transactions, Prysm is used by 41.5% of all node validators. Arbitrum is now the most popular rollup solution on Ethereum. On Wednesday, Offchain Labs, developer of Arbitrum announced that it has acquired Prysmatic Labs. The latter is one of the major software development teams responsible for maintaining,

October 13, 2022 1 min read
Polygon Launches zkEVM Public Testnet to Increase Scalability

Polygon Launches zkEVM Public Testnet to Increase Scalability

Aave will be among the first projects to launch on the zkEVM testnet. The zkEVM is fully compatible with the EVM, so developers may switch over. Recently, Polygon, a decentralized Ethereum scaling platform, launched Polygon zkEVM Public Testnet. It is a “Ethereum-equivalent” ecosystem that is compatible with smart contracts, developer

October 11, 2022 1 min read
Portugal Government Proposes Crypto Tax For 2023 Budget

Portugal Government Proposes Crypto Tax For 2023 Budget

Individuals in Portugal have been excluded from paying capital gains tax on cryptocurrency profits for some time, but Finance Minister Fernando Medina has recently said that this exemption must end. According to a proposed budget for 2023 that was presented to Portugal’s parliament on Monday, Medina is proposing a 28%

October 11, 2022 2 mins read
Do Kwon’s Passport To Be Revoked Unless Handed Over

Do Kwon’s Passport To Be Revoked Unless Handed Over

In conjunction with Kwon’s actions, police have also detained one close aide. Kwon is the subject of a “Red Notice” from Interpol, the international police agency. On Thursday, South Korean officials started the process of revoking the passport of Do Kwon, founder of Terraform Labs, whose firm was responsible for

October 10, 2022 2 mins read
Bitget Registers in Africa To Boost Global Development

MENA Region Crypto Volume Tops as per Chainalysis Report

With a year-over-year increase of 120.9%, Morocco comes in at number two. transaction volume in Egypt tripled compared to the preceding year. Chainalysis reports that between July 2021 and June 2022, MENA consumers saw a 48% increase in crypto transaction volume, reaching $566 billion. Among the eight areas studied, this

October 9, 2022 1 min read