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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

Solana's Latest Phone Hits 100K Presale Milestone, Raises $45M

Solana Rebounds Above $105 Level After Severe Selling Pressure

The Solana (SOL) community is poised at the crossroads of achievement and expectancy as the whispers of 2023 dissipate. A new rivalry between Solana and Ethereum has emerged in response to market events, and it has been the talk of crypto forums lately. Investors and traders in the crypto market

December 29, 2023 2 mins read
U.S SEC Delays Grayscale's Ethereum Trust ETF Application

Ethereum Faces Brief Correction After Recent Rally Above $2400

Vitalik Buterin, co-founder of Ethereum, has shared his year-end reflections on the network and returning it to its cypherpunk origins. Reminiscent of Ethereum’s “cypherpunk” roots, the December 28 blog post restated the cryptocurrency’s fundamental principles. Bitcoin and Ethereum had lofty aspirations in their infancy, with the goal of creating a

December 29, 2023 2 mins read
Vitalik Buterin and Polygon Co-founder Dispute Verkle Trees Integration

Vitalik Buterin Unveils Plan to Simplify Ethereum’s PoS Process

Vitalik Buterin, co-founder of Ethereum, has suggested a method to simplify the proof-of-stake (PoS) consensus process “considerably simpler and lighter,” thereby reducing the strain on the Ethereum blockchain. Vitalik Buterin put forth a plan to lessen the stress on validators by decreasing the amount of signatures they need to generate

December 28, 2023 2 mins read
Renowned Analyst Anticipates Bitcoin Price to Fall Around $20K

Bitcoin Witnesses Brief Uptick as Market Sentiment Remains Positive

Under the leadership of CEO Michael Saylor, MicroStrategy yesterday spent an unprecedented $615.7 million to purchase 14,620 BTC, at an average price of $42,110 in December. Renowned Bitcoin advocate Max Keiser explained Saylor’s lofty objective, which is at the heart of this and all earlier substantial transactions. Bitcoin Accumulation Spree

December 28, 2023 2 mins read
ARK Invest CEO Cathie Wood Backs Bitcoin Amid Currency Devaluations

Cathie Wood Led Ark Invest Dumps Remaining Grayscale (GBTC) Shares

Dumping of cryptocurrency equities is ongoing as a due date for the anticipated approval of the spot Bitcoin ETF by the U.S SEC approaches. Following reports that Coinbase executives dumped their $COIN holdings, Cathie Wood’s asset management company Ark Invest allegedly dumped all of Grayscale Bitcoin Trust’s (GBTC) remaining shares.

December 28, 2023 1 min read
XRP Faces Severe Selling Pressure After Recent Surge to $0.65 Level

XRP Faces Severe Selling Pressure After Recent Surge to $0.65 Level

XRP is now witnessing a surge in market activity due to large-scale whale transactions. 20 million XRP tokens, worth $12.6 million, were sent to Bybit by an unidentified sender. But that wasn’t the end of this whale’s play. Two further substantial transactions took place within a 12-hour timeframe.  In the

December 26, 2023 1 min read
Bitcoin Witnesses Brief Correction Post Recent Consolidation

Bitcoin Witnesses Brief Correction Post Recent Consolidation

Bitcoin has bounced back from its losses in 2022, reaching a new annual high and exhibiting indications of a robust year-end. Looking at past trends, it seems like there may be more growth ahead. This month, BTC reached a new year high of more than $44,000, recouping most of the

December 26, 2023 2 mins read
Solana Succumbs to Bearish Pressure Amidst Recent Outage Saga

Solana Price Holds Above $110 as Bulls Continue Domination

Last week, digital asset investment products saw an influx of $103 million from institutional investors. While $7.9 million went into Ethereum, $6 million went into Solana. Bitcoin was yet again at the forefront with $87.6 million. With a growth of over 50% from November, the Solana network now has over

December 25, 2023 2 mins read
Justin Sun Explores Solana and Tron Wallet Integration Amid SOL Rally

Justin Sun Explores Solana and Tron Wallet Integration Amid SOL Rally

Justin Sun, founder of Tron, provided an update that might increase liquidity on the Solana blockchain, which could be relevant given the 61% price surge in Solana (SOL) since December 1, 2023. Because of the recent spike in SOL Price, Solana’s market value briefly surpassed Binance Coin’s (BNB). Sun revealed

December 22, 2023 1 min read
Ethereum (ETH) Options Trading Surges to Record $17.9B in January

Ethereum (ETH) Eyes $2400 Level as Bulls Drive Momentum

The widespread speculation that a Bitcoin Spot ETF is soon to be approved seems to be pumping investors’ optimism. Industry sentiment is becoming stronger as several industry professionals and organizations have said that the SEC might approve a Bitcoin Spot exchange-traded fund (ETF) as early as January 2024. The widely

December 22, 2023 2 mins read