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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

The 'Big Short' Famed Michael Burry Warns of Looming Recession

Bitcoin (BTC) Price Plunges Below $30k Despite U.S Stock Market Surge

The price of Bitcoin fell by 3% on May 23 to below $30,000 per coin. The price range of $28,500-31,500 has been around for a time now. Both Bitcoin and Ethereum have been closely tracking each other throughout this latest market downturn. An increasing number of financial experts believe that

May 24, 2022 2 mins read

South Korean Ruling Party Summons Exchanges For Damages Caused by LUNA Fall

It will be convened on May 24th by the Party Policy and Virtual Asset Committees.  South Korean authorities are taking measures to freeze the assets of the LFG. Korea’s governing party is convening a meeting to address LUNA’s demise, according to reports from the Newspim news agency. Representatives from the

May 24, 2022 1 min read
$31.4M USDT Hacked From FTX Gets Blacklisted By Tether!

Investors Unsure if Tether (USDT) Will Follow Same Trend as Terra

In the second week of May 2022, Tether fell below the 1:1 dollar peg. Following the recent crypto crisis, Tether has paid out $10 billion in withdrawals. Terra has witnessed the most unexpected incident in the unpredictable cryptocurrency market. The de-pegging of one of the most popular stablecoins has resulted

May 23, 2022 2 mins read
Daesung Private Equity Unveils $83.5M Metaverse Fund

Top 3 Metaverse Coins Set To Explode in 2022

Axie Infinity is up 9.88% in the last 24 hours. The Sandbox enables a distributed platform for a vibrant gaming community. Let us look at the top 3 metaverse coins set to explode in 2022. Axie Infinity (AXS) Blockchain-based trade and combat game Axie Infinity is partly owned and controlled

May 23, 2022 2 mins read
Polkadot Grants Bifrost 500,000 DOT for Liquid Staking Boost

Polkadot (DOT) Price Maintains Bullish Course Following Development Activities

The RSI has been below 50 for a substantial length of time in the last two months. DOT sank lower on the charts in May’s bout of severe selling, reaching $7.44. Even though Polkadot’s price fell beyond support levels on the price charts, the development activities increased rapidly in April

May 22, 2022 2 mins read

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
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