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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

Lavu and Verifone To Allow Crypto Payments in Restaurants Across 65 Nations

The Verifone terminal allows clients to pick their preferred, advanced payment option. Over 65 nations are home to Lavu’s restaurant partners. Lavu and Verifone have announced a new partnership that would allow cryptocurrencies to be accepted at thousands of eateries in more than 65 countries. A new cross-distribution partnership between

May 22, 2022 1 min read
FTX Reportedly Planning To Buy Stake in Crypto Lending Firm BlockFi

Renowned Crypto Exchange FTX to Offer Stock Trading Feature

Users will also be able to fund their brokerage accounts on FTX using stablecoins. The exchange claims it will not be paid for order flow (PFOF). FTX, a cryptocurrency exchange, is starting stock trading for its users in the United States via its U.S. branch. Bankman-Fried, the wealthy co-founder, said

May 21, 2022 1 min read
Unstoppable Domains NFT Platform Raises Overall Funding Valuation of $1B

GameStop Enters NFT Arena With Recent Buzz of NFT Marketplace

GameStop has been accused of breaking New York labor regulations. A Dallas suburb, Grapevine is the headquarters of the world’s biggest video game retailer. NFT trend, according to some, is slowly fading, but others think it’s just a correction, and it is here for the long run. GameStop Corp. is

May 21, 2022 1 min read

A16z Announces $600M Web 3.0 Gaming Fund

More than $2.2 billion was invested in the firm’s most recent and third crypto-focused fund.  A16z has previously invested extensively in several crypto and DeFi companies. It has been revealed by venture capital company a16z that it is increasing its stakes on Web3 despite the overall fall in the crypto

May 19, 2022 2 mins read
SEC Confiscates Over 100 Cellphones From Wall Street Traders and Dealers

SEC Confiscates Over 100 Cellphones From Wall Street Traders and Dealers

More than 100 Wall Street employees’ mobile phones have been confiscated as part of an investigation into insider trading by the Securities and Exchange Commission (SEC). The goal is to determine whether trader and transaction information was unlawfully communicated over their phones. According to Dailymail, the company’s most notable employees

May 19, 2022 1 min read
KuCoin Exchange Operating Illegally as per Dutch Central Bank

KuCoin’s Daily Transaction Volume Exceeds $11B

Over $1 trillion was traded in spot and futures trading. There was a 1,503 percent year-over-year rise in people registering from Asia. During the first quarter of the year, KuCoin released an in-depth report on the exchange’s progress, detailing the exchange’s major accomplishments. As part of its in-depth assessment, KuCoin’s

May 18, 2022 1 min read
Luxury Fashion House Prada Offers Ethereum NFTs to Customers

Top 3 NFT Sales in Last 7 Days as per DappRadar

At 97 ether or $191K, BAYC’s floor value is down 2.9 percent. Cryptopunks’ sales are down 3.39% last week. Non-fungible token (NFT) floor values have plummeted over the last week as markets lost value. Bored Ape Yacht Club (BAYC), Cryptopunks, and other high-end NFT collections have suffered a 2–25 percent

May 17, 2022 1 min read
9,219 Bank Accounts Frozen by Iran Over Suspicious Crypto Transactions

9,219 Bank Accounts Frozen by Iran Over Suspicious Crypto Transactions

The Ministry of Finance froze more than 9,219 bank accounts belonging to 545 people. Iranian authorities are also taking action against cryptocurrency mining beyond the law. According to a statement released Saturday, foreign cash and cryptocurrency transactions have been deemed suspicious by Iran’s Ministry of Intelligence. The Ministry of Finance

May 17, 2022 1 min read

Ethereum (ETH) Hashrate Reaches All-time High of 127 Petahash per Second

Ethereum’s hashrate has increased by 124.33% since June 28, 2021. More than 80 mining pools and organizations use the Ethash proof-of-work algorithm. Ahead of the impending Merge, Ethereum miners are pushing themselves farther and more than before. As much attention was paid to Terra, Ethereum’s hashrate reached an all-time high

May 16, 2022 1 min read