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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

Circle Announces Support For Polygon USDC on Its Payment Platform

Polygon (MATIC) Token Burning At 10x Current Adoption Levels Sustainable?

It is a general goal of the EIP-1559 update to bring fee burning to Polygon. According to a Polygon blog post, EIP-1559 went live at block 23850000. After months of anticipation, Polygon’s layer-two scaling network went live with the much-anticipated EIP-1559 update on January 18. There was a successful implementation

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

Bitcoin (BTC) Makes Steady Gains While DeFi Market a Major Concern

On Friday, Bitcoin (BTC) remained over $37,000 and had gained nearly 3% in the previous day. Altcoins have begun to settle following a week of volatility in the cryptocurrency market. A prospective reversal in the stock market’s fortunes would also interest analysts, who were keeping a close eye on it.

January 30, 2022 1 min read
Polygon (MATIC) Large Whale Transactions Surge by 105% as per Reports

Whale Alert: 3 Million MATIC Token Bought By ETH Whale

Polygon EIP 1559 went live on January 18. Polygon intends to commit $100 million to new development investments. The whales are stockpiling despite the general crypto market’s sharp declines. Three distinct transactions totaling roughly three million MATIC tokens were logged by WhaleStats, bought by the whale in 297th place among

January 29, 2022 2 mins read
Optimism Introduces Balancer Protocol Along With Beethoven X For Enhancing of L2 Network

Kyber Network (KNC) Outweighs Bearish Market With 57% Gain This Month

Kyber 3.0 was the most major advancement for the Kyber Network. KNC is the second most popular DEX token, listing on 80 exchanges. Volatility and uncertainty continue to rule supreme in the crypto market. Despite this, a few projects are exhibiting signs of resilience in the present market slump, making

January 29, 2022 2 mins read

Current Market Condition Similar to Deadly Black Swan Event?

Market sentiment calls for BTC future movements to be characterized by losses. Black swan events are very damaging to the financial markets. A black swan occurrence is very rare, but when it does occur, it has enormous ramifications. A former Wall Street trader and lecturer, Nassim Nicholas Taleb, was the

January 28, 2022 1 min read
White House Working on Executive Order on Cryptocurrencies

White House Working on Executive Order on Cryptocurrencies

The Infrastructure Bill was passed into law last November. The White House intends to seize control of U.S. government policy on crypto. As early as February 2022, the Biden administration will issue an executive order on cryptocurrency. According to several government agencies, there have been several discussions among top administration

January 28, 2022 1 min read
Elrond Based Maiar DeFi Wallet Launches New Anti-scam Feature

Elrond Based Maiar DeFi Wallet Launches New Anti-scam Feature

Users may add to the list by e-mailing notoscam@elrond.com to report. The security specialists will review the links and add the harmful ones. Elrond’s wallet web extension, the Maiar DeFi Wallet, is available for Chrome users. Furthermore, for Maiar Exchange operations, it provides the ability to safely store EGLD and

January 27, 2022 2 mins read
P2P Exchange LocalMonero Shuts Down Amid Ongoing Crackdown

Monero (XMR) Trouble For Regulators With its Complete Anonymity Feature

Bitcoin’s anonymity has been a key component of its attractiveness to new users since its launch. Still, that anonymization has grown over the years as government authorities, blockchain analytics businesses, and others have begun monitoring the Bitcoin public blockchain. Monero (XMR) is still a popular privacy coin, even as authorities

January 26, 2022 1 min read
Meta (Facebook) Files for Multiple New Trademarks With USPTO

Meta Starts Developing Fastest AI Supercomputer for Upcoming Metaverse

One of Meta’s main goals is to develop new neural networks. Meta didn’t reveal the computer’s location or the expenditures. Newly formed AI “Research SuperCluster” (RSC) by Facebook’s parent corporation Meta will “pave the way” towards establishing Metaverse. According to a blog post published on January 24 announcing the hardware,

January 25, 2022 1 min read
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