Michael Bellusci

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Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.

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Coinbase CEO Brian Armstrong speaks at Consensus 2019 (CoinDesk)
Coinbase Sheds Roughly 60 Jobs as Cost-Cutting Continues Amid Bear Market
The crypto exchange called the latest reductions “isolated and targeted.”
Coinbase CEO Brian Armstrong speaks at Consensus 2019 (CoinDesk)
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JPMorgan Sees Wave of Crypto Deleveraging From FTX’s Woes
JPMorgan strategists said bitcoin's production cost could be an indicator of the market bottom.
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Ark Invest CEO Cathie Woods (Danny Nelson/CoinDesk)
Cathie Woods’ ARK Buys 238K More Shares in Coinbase Exchange Amid Crypto Rout
The purchase adds to the more than 400,000 Coinbase shares bought by ARK’s exchange-traded funds earlier this week.
Ark Invest CEO Cathie Woods (Danny Nelson/CoinDesk)
(Sophie Backes/Unsplash)
Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal
Concerns around FTX's health along with the broader crypto ecosystem spilled into the stock market Wednesday.
(Sophie Backes/Unsplash)
(Will Foxley/CoinDesk)
Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns
Shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer.
(Will Foxley/CoinDesk)
Galaxy Digital CEO Mike Novogratz talks to Bloomberg's Haslinda Amin at the Token 2049 conference in Singapore in September. (Sam Reynolds/CoinDesk)
Crypto Financial Firm Galaxy Digital Reveals $76.8M FTX Exposure as CEO Novogratz Hunkers Down
Galaxy is withdrawing $47.5 million from the crypto exchange.
Galaxy Digital CEO Mike Novogratz talks to Bloomberg's Haslinda Amin at the Token 2049 conference in Singapore in September. (Sam Reynolds/CoinDesk)
(Spencer Platt/Getty Images)
Bitcoin, Crypto-Linked Equities Resume Falling Despite Binance/FTX Deal
Questions about the solvency of FTX were picking up speed on Tuesday morning until Binance announced a non-binding LOI to acquire the crypto exchange.
(Spencer Platt/Getty Images)
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Crypto Exchange Coinbase Draws Mixed Reaction on Wall Street After Weak Q3
Trading volume was down, but the company is trying to diversify its revenue.
(Piggybank/Unsplash)
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Jack Dorsey's Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
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Bitcoin miners (Shutterstock)
Compass Point Analyst Defends Bitcoin Miner Iris Energy
Chase White says Iris should be able to renegotiate the terms of its debt or return its mining rigs to the lenders and buy new ones at a cheaper price.
Bitcoin miners (Shutterstock)