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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

Ethereum Price on Recovery Mode as Bulls Start Dominating

Ethereum (ETH) Price Rallies in Anticipation of Upcoming Merge

A record-breaking 13.2 million ETH have been staked on Ethereum 2.0. The price of Ethereum Classic (ETC) achieved a four-month high of $42.29. The price of Ethereum (ETH) has been on an upward trend since early June, and it crossed the $2,000 threshold on Friday night, according to statistics from

August 15, 2022 1 min read
Upbit Announces Committee Setup to Refund Terra Investors

Upbit Announces Committee Setup to Refund Terra Investors

Korbit made an estimated 27 million won in commissions at the end of the term. As of May 30th, the refund fee amounted to almost $9.5 billion won by Upbit. The whole Terra ecosystem crashed in May, making it a very terrible month. Upbit, the leading virtual asset exchange in

August 11, 2022 2 mins read
Hackers Utilized Cross-chain Bridge ‘RenBridge’ to Launder $540M

Hackers Utilized Cross-chain Bridge ‘RenBridge’ to Launder $540M

RenBridge was used to launder at least $540 million from 2020 via chain hopping. These bridges have also been used by ransomware gangs, exploiters, and hackers. There have been several thefts of cross-chain bridges this year, but new information from blockchain analytics vendor Elliptic suggests that one of these bridges

August 11, 2022 1 min read
Tornado Cash Back on GitHub Despite Sanction by U.S

Firms Start Complying Following U.S Sanction on Tornado Cash

The project’s website, tornado.cash, has also been sanctioned. The Github account of Tornado creators has been terminated. Tornado Cash-related activity is being blocked by businesses. Tornado Cash-related cryptocurrency addresses were sanctioned by the U.S. Treasury Department earlier today, including 38 Ethereum accounts and six USDC addresses. The project’s website, tornado.cash,

August 9, 2022 2 mins read

Shark Tank Star Billionaire Mark Cuban Takes a Dig at Cardano

“Shark Tank” star Mark Cuban recently appeared on the Altcoin Daily Podcast for an in-depth, one-hour discussion on cryptocurrencies. He compared decentralized application platforms Cardano and Dogecoin to see which one had the greatest promise and what the differences were. Cuban believes that the number of transactions on a blockchain

August 9, 2022 2 mins read
Bitcoin (BTC) Expected to Hit Bulls Month End

Bitcoin (BTC) Prices Likely To Consolidate Before Next Move

ETH’s price has risen by almost 70% in the previous month. A record high of $24,650 was reached for BTC on Saturday, the highest since June. After bouncing back from its most catastrophic loss in recent memory, the global crypto market fell by roughly 1.12% on Monday. Prices of Bitcoin

August 1, 2022 2 mins read
Yuga Labs Awarded Injunction and Damages in Knockoff NFTs Lawsuit

Royalty Fee of 5% on Meebits NFTs Announced by Yuga Labs

The floor price for the Meebits collection increased from 4.33 ETH to 5.01. Yuga didn’t explain how the money would be used. Yuga Labs has instituted a royalty on Meebits NFT sales as part of its business model. There will be a 5% royalty charge applied to all Meebits sales

July 31, 2022 1 min read
Prominent Developer Claims Cardano Blockchain Testnet Broken

Cardano Stablecoin Djed Mainnet Deployment Delayed

Vasil update planned for the end of this month has been pushed off for few more weeks. Until the Vasil update is live, COTI says, the Djed mainnet rollout will be on hold. COTI, a major enterprise-grade financial organization, has given an update on Cardano’s stablecoin Djed deployment on the

July 31, 2022 2 mins read
Lawsuit Filed Alleging Yuga Labs of Promoting BAYC NFTs With Celebs

ApeCoin DAO Community Votes to Fund Bored Ape News Website

The plan, known as AIP-70, received a resounding approval. There have only been 52,400 total visitors to The Bored Ape Gazette. The ApeCoin DAO’s treasury has given a boost to a Bored Ape-focused news organization, despite the NFT market slowing down. Decentralized ApeCoin DAO, which utilizes ApeCoin as its governance

July 31, 2022 1 min read
Prominent Game Studio Immutable Lays Off 6% of its Personnel

Prominent Game Studio Immutable Lays Off 6% of its Personnel

A value of $2.5 billion was put out by Immutable after a $200 million round of funding. TikTok and GameStop have just developed an NFT marketplace using Immutable X. Due to the effects of the prolonged crypto winter, several crypto firms have laid off employees and the recent one is

July 29, 2022 2 mins read