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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

Non-exchange Wallet Engulfs 3,241 BTC!

96,283,195 USD Worth of 2,100 BTC Transferred to Coinbase From Unknown Wallet

The transaction happened at 11:24:28 UTC on April 3, 2022. The BTC price has dropped by 0.59 percent in the past day. During the last month of March 2022, outflows from crypto exchanges reached a new high of 100K BTC. Bitcoin rebounds from the downward pressure, and substantial purchasing demand

April 4, 2022 1 min read

Famous Analysts Optimistic of Bitcoin (BTC) and Ethereum (ETH) Rise

Bitcoin’s current market cap of $884 billion represents a 20% share of the value market. The estimated price indicates a +8.29% increase from the DeFi asset’s current value. As part of its ongoing efforts to diversify its institutional investment portfolio, Goldman Sachs has had its eye on Bitcoin and Ethereum

April 2, 2022 1 min read
New York State Passes Bill Regarding BTC Mines Ban

Bitcoin (BTC) Miners Generated $1.21 Billion in Revenue in March 2022

On Feb. 13, Bitcoin’s hash rate hit an all-time high of 248.11 EH/s. Since July 2021, the robust Bitcoin network has grown constantly. According to The Block’s Data Dashboard, for March, Bitcoin miners made $1.21 billion in income. In February, mining generated $1.06 billion in revenue. The block subsidy accounted

April 2, 2022 1 min read
Investors in India To Pay 30% Tax on Crypto Profit Starting From Today

Investors in India To Pay 30% Tax on Crypto Profit Starting From Today

A petition promoting this subject has received 1,02,956 signatures so far. It allows the government to keep tabs on all trade, digital assets. In India, taxation on cryptocurrency assets will begin on April 1, 2022. Finance Minister Nirmala Sitharaman revealed several modifications to the tax code in her presentation of

April 1, 2022 1 min read

Meta Files Multiple Trademark Applications For Blockchain and Crypto Products

Aiming to provide NFTs through Instagram avatars is already being considered. Both Meta Portal and Meta Horizon have been trademarked to encompass VR. Facebook (Meta) may be planning to launch its own cryptocurrency exchange and digital assets wallet, based on recent data from crypto commentator Bitcoin Archive on its Twitter

April 1, 2022 2 mins read

LBank Exchange Will List Lilly Finance (LY) on April 2, 2022

INTERNET CITY, DUBAI, Mar. 30, 2022 – LBank Exchange, a global digital asset trading platform, will list Lilly Finance (LY) on April 2, 2022. For all users of LBank Exchange, the LY/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on April 2, 2022. Inspired by Lillian Bay, a

April 1, 2022 3 mins read
New Update Supporting Smart Contracts For Cardano App on Ledger is Now Complete

Large Transaction Volume (LTV) of Cardano (ADA) Surges 50x in Three Months

The recent volume is one of the highest volume levels since mid-2018. The number of addresses has increased from 3.4 million to 5 million. According to IntoTheBlock, the number of big transactions on the Cardano blockchain has surged more than 50-fold this year. Transactions denominated in Cardano’s ADA tokens valued

March 31, 2022 1 min read
Bitcoin (BTC) Price Level Consolidates Below $30K Level

US Senators Actively Researching on Wider Term Crypto Regulation

Stablecoins and CBDCs would be addressed in the law “to a smaller measure.” Bitcoin is down 0.67% in the last 24 hours. On the hourly chart of the BTC/USD pair, a big breakout pattern is also building with resistance at $47,700. The $48,000 level may serve as a significant obstacle

March 31, 2022 1 min read
Ethereum (ETH) Hashrate Reaches All-time High of 127 Petahash per Second

Ethereum (ETH) Price Expected to Breakout Following Bullish Momentum

There might be an increase in the price if it closes over the $3,450 mark. The $3,350 level serves as an early resistance level on the downside. Ethereum’s price at the $3,450 level of resistance versus the US dollar is holding. ETH’s price may rise again if it holds above

March 30, 2022 2 mins read
Bitcoin (BTC) Price Level Consolidates Below $30K Level

Crypto Transactions Seems More Efficient Compared to Fiat

Instant settlements are possible with cryptocurrencies, unlike conventional payments. Fiat money must be very stable and managed to maintain legal tender status. Coins like Bitcoin and Ethereum are becoming a worldwide phenomenon, with some even suggesting that they may one day replace fiat currencies entirely in the future. As the

March 30, 2022 2 mins read