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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

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
Grayscale's Legal Win Boosts GBTC Shares by a Whopping 17%

Grayscale Might Sue SEC if Bitcoin ETF Rejected as per CEO Michael Sonnenshein

SEC has postponed its announcement until today. The SEC has only authorized Bitcoin exchange-traded fund (ETF) applications. In order to have its Bitcoin ETF proposal approved, Grayscale is prepared to sue the SEC. According to Michael Sonnenshein, CEO of Grayscale, in an interview with Bloomberg, he was open to any

March 29, 2022 1 min read

Vietnam Authorities Plans to Establish Legal Framework For Cryptocurrencies

The Ministry of Finance formed a crypto asset research group. Approximately 5.9 million Vietnamese citizens possess cryptocurrencies. At the request of the country’s deputy prime minister, Le Minh Khai, many government agencies have been tasked with establishing a legal framework for cryptocurrencies. Finance, Justice, along with Information and Communications, are

March 29, 2022 1 min read
Cryptocurrency Sales After 1 Year of Possession Declared Tax-free in Germany

Rio De Janeiro to Accept Tax Payment in Crypto From 2023

NFT-based governance rules will be implemented throughout various sectors. Binance CEO Changpeng Zhao has announced plans to create a new regional office. Taxes on urban real estate inside the municipal borders of Rio de Janeiro, Brazil, will now be accepted in Bitcoin (BTC). Chicao Bulhoes, the secretary of economic development,

March 27, 2022 1 min read
Cryptocurrency Price is Driven by Supply and Demand

Dollar-Cost Averaging Into Bitcoin Going To Be Powerful Long Term Under $50K

DCA will smooth out the highs and lows of one’s portfolio. Profiting from the crypto market declines without risking too much money. An argument may be made for and against using a DCA approach; however, the advantages often exceed the disadvantages. For example, the dollar-cost averaging strategy may be used

March 26, 2022 2 mins read
$500M Funding Secured by Binance For Investment in Blockchain and Web3 Sector

Binance CEO Changpeng Zhao Had a Busy Schedule Travelling the World

Changpeng Zhao, was a guest of honor at Dubai’s Museum of the Future last month. Zhao was recently profiled in a prestigious Argentine publication. It was a “fantastic” meeting between Binance CEO Changpeng Zhao and El Salvador President Nayib Bukele. To discuss Central American crypto adoption, Zhao, known as “CZ”

March 26, 2022 2 mins read
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