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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 Community Seizes Control of the SHIB Burn Portal

SHIB Super Store Launches New Burn Method Via Fiverr

Based on the Amazon Affiliates Program, Travis Johnson found a novel method of smouldering Shiba Inu’s (SHIB). Game designer Travis Johnson owns the SHIB Super Store, a community-led Burn effort. He recently stated that Fiverr will be used to assist SHIB cut down on its massive supply. Shiba Inu, the

October 9, 2022 2 mins read
Binance Introduces New Features for Web3-focused Social platform Binance Feed

Binance CEO Ready To Invest More Than $1B on Acquisition

The corporation has been on an acquisitions binge despite the severe bear market.  So far this year, Binance has put money into 67 different projects. According to Bloomberg, Binance CEO Changpeng Zhao said the business is prepared to spend more than $1 billion on acquisitions in 2022. More than twice

October 8, 2022 1 min read
BNB Chain Proposes Governance Vote Over Stolen Funds

BNB Chain Proposes Governance Vote Over Stolen Funds

The criminal stole $110 million using the cryptocurrencies Fantom, ETH, and Polygon. Before the suspension, the hacker still had roughly $400 worth of assets on the network. The team behind BNB Chain, previously Binance Smart Chain (BSC), has lost millions of dollars’ worth of assets in a cross-chain attack, and

October 8, 2022 2 mins read
Ark Invest’ Cathie Wood Backs Bitcoin Despite Recent Turmoil

Bitcoin’s Total Network Hashrate Hits an All-time High

The rise in hashrate has coincided with the mining difficulty of Bitcoin reaching a record high. The maximum rate of 321.15 exahashes per second is equivalent to 0.32115 ZH/s. According to data compiled by coinwarz.com, Bitcoin’s overall hashrate reached an all-time high (ATH) on Wednesday, at block height 757,214. The

October 6, 2022 1 min read
Yuga Labs Creates BAYC Community Council of 7 Members

Yuga Labs Creates BAYC Community Council of 7 Members

Yuga Labs, a major player on the Web3 platform, has announced the formation of a community council made up of seven prominent members of the Bored Ape Yacht Club (BAYC) NFT ecosystem. Yuga announced the council members in a blog post published on Wednesday. Calling them “long-standing proactive community members”

October 6, 2022 1 min read
Fidelity Invests $5 Million in New Ethereum Index Fund

Fidelity Invests $5 Million in New Ethereum Index Fund

Fidelity has been hard at work on their own cryptocurrency exchange, called EDX Markets. Mike Novogratz, CEO of Galaxy Digital first informed about the update. Registration paperwork submitted to the U.S. Securities and Exchange Commission (SEC) reveals that Fidelity has invested $5 million in a new Ethereum index fund. Moreover,

October 5, 2022 1 min read
SEC Filing Reveals Elon Musk’s Twitter Purchase Back on Track

SEC Filing Reveals Elon Musk’s Twitter Purchase Back on Track

According to a Twitter representative, the firm plans to finalize for $54.20 per share. On Tuesday, Twitter’s share price surged as the news of Elon Musk’s SEC filing spread. The new SEC filing about the acquisition raises the prospect that Elon Musk’s takeover of Twitter could soon come to an

October 5, 2022 2 mins read
Whale Purchases Whopping 100 Billion Shiba Inu (SHIB)

Whale Alert: 150 Billion Shiba Inu (SHIB) Bought by Anon Whale

Shiba Inu has rapidly become one of the most well-known meme coins. Despite being worth less than DOGE, its development has far outpaced rival cryptocurrency. Multiple projects, including the Shiba Inu Eternity game and the Shibarium have been under development with constant effort from the crew. Since it has become

October 4, 2022 1 min read
U.S Government Pushing Congress To Regulate Crypto Sector

U.S Government Pushing Congress To Regulate Crypto Sector

The Biden administration has urged Congress to act swiftly to establish a stable regulatory framework for cryptocurrencies. It is becoming more obvious that countries throughout the world are adopting cryptocurrencies. Despite certain nations’ lack of support, the cryptocurrency market remains popular among investors. This is true in a number of

October 4, 2022 2 mins read
Indian Crypto

$1.6M Worth BTC Seized by India’s ED Over Gaming Fraud

Separately, it froze almost $550,000 in a combination of US Dollars and WRX. The accused was captured on September 25 by ED. The top Indian financial crime investigation agency has blocked an account on Binance containing 85.9 bitcoins, or around $1.6 million, in connection with a gaming software fraud case

October 3, 2022 2 mins read