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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

Digital Fashion House BNV to Launch Own Metaverse

Digital Fashion House BNV to Launch Own Metaverse

The firm hopes to release the beta version of its own metaverse platform, BNV World. This platform will exhibit elaborate and sophisticated works of digital fashion. The booming digital fashion space, which can be loosely defined as designers and programmers working to dress the virtual avatars that will come to

September 21, 2022 2 mins read
European Union Strives To Regulate Global Digital Payments Market

U.S DOJ Sentences Promoter of Bitconnect to 38 Months in Prison

On Friday, the U.S. Department of Justice (DOJ) said that a Los Angeles man had been given “38­ months in prison for his participation in Bitconnect.” Justice Department officials called Bitconnect a “massive fraudulent cryptocurrency investment scheme.” Typical Ponzi Scheme According to court records, 44-year-old Glenn Arcaro plotted with others

September 20, 2022 1 min read
ENS Founder Warns Unstoppable Domains to Drop Controversial Patent

Ethereum Name Service (ENS) Reclaims Eth.link Domain Name

U.S. district court in charge of the case approved ENS’s request for an injunction. Manifold Finance paid $851,919 to acquire the eth.link domain name. The Ethereum Name Service (ENS) announced late on Sunday that it had reclaimed possession of the eth.link domain name after a successful injunction against domain supplier

September 20, 2022 2 mins read
Russian Prime Minister Keen on Planned Crypto Adoption

Russian Prime Minister Keen on Planned Crypto Adoption

The Russian government has entrusted the Central Bank and the Ministry of Finance. Vladimir Putin emphasized Russia’s potential as a currency minting destination. To help shape the future of the digital financial asset (DFA) market in the Russian Federation, Prime Minister Mikhail Mishustin has instructed the Ministry of Finance to

September 19, 2022 2 mins read
Ethereum Energy Consumption Plummets 99.99% Post-Merge

Ethereum Energy Consumption Plummets 99.99% Post-Merge

The network often came under fire for the negative impact it had on the planet. Energy usage decreased since the merging transition to proof-of-stake was successful. On Thursday, September 15, 2022, the Ethereum Network completed the switch from proof-of-work to proof-of-stake mining. The change ushers in a new age for

September 19, 2022 1 min read
La Liga of Spanish Soccer Enters the Metaverse With StadioPlus

La Liga of Spanish Soccer Enters the Metaverse With StadioPlus

The League will build on vacant lands in the Vegas City district. StadioPlus, for its part, will serve as a guide for the collaboration. It has been reported that the Primera Division, or La Liga, of Spanish soccer, has teamed up with the digital art platform StadioPlus to enter the

September 17, 2022 1 min read
Mining GPU Prices in China Plummets Post ETH Merge

Grayscale Banks on the New EthereumPoW (ETHW) Token

Grayscale said in a press statement and SEC filing today that it intends to acquire and hold onto the rights to the new EthereumPoW (ETHW) tokens created by the Ethereum split after the merging, keep onto them, and potentially sell them or share their value to investors in the future.

September 17, 2022 2 mins read
ApeCoin (APE) Community Plans Separate NFT Marketplace

ApeCoin (APE) Community Plans Separate NFT Marketplace

There are now three proposals up for vote in the ApeCoin community that would create a dedicated NFT marketplace for APE. Earlier, NFT marketplace Magic Eden suggested building the ApeCoinDAO marketplace for the ApeCoin community in order to reduce transaction costs, improve the user experience, and expand the usefulness of

September 17, 2022 2 mins read
Scammers Impersonating Vitalik Buterin on Rise Following Merge

Scammers Impersonating Vitalik Buterin on Rise Following Merge

A tweet offered a hoax whereby the victim would get 100 ETH in exchange for a survey. Scammers are targeting “verified” Twitter accounts, where they may pose as Buterin. PoS advocates and the community of the second-largest cryptocurrency are quite enthusiastic about the completion of Ethereum Merge. Fraudsters have been

September 16, 2022 2 mins read
ETH Miners Left Disappointed After Successful Transition to PoS

ETH Miners Left Disappointed After Successful Transition to POS

Today, most cryptocurrency is mined at specialized facilities known as “farms.” To add its transactions to Ethereum’s distributed ledger, a validator must stake ETH. Introduced in 2015, Ethereum builds on Bitcoin’s foundation by introducing smart contracts, or code that operates on the blockchain like a global supercomputer to store information.

September 15, 2022 2 mins read