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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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JAI Energy management (from left) Adam Sarvey with founders Ryan Leachman and Justin Ballard (JAI Energy)
Finance
Bitcoin mining
Former Oilfield Drillers See Energy Sector and Bitcoin Mining Joining Forces
If the founders of bitcoin miner JAI Energy are right, the two industries are an ideal match.
JAI Energy management (from left) Adam Sarvey with founders Ryan Leachman and Justin Ballard (JAI Energy)
By Aoyon AshrafMichael Bellusci
Nov 22, 2021 at 4:27 p.m. UTC
Nov 22, 2021
Bitcoin MiningESGEnergyTexasWyomingOil
Cloud Network Solution digital background. Cyber Security and Cloud Technology Concept
Finance
Bitcoin
Cloud Software Firm Phunware Buys 398 More Bitcoins for About $24M
The company now owns about 529 bitcoins in total, according to a statement.
Cloud Network Solution digital background. Cyber Security and Cloud Technology Concept
By Michael Bellusci
Nov 22, 2021 at 2:35 p.m. UTC
Nov 22, 2021
Bitcoin
(Shutterstock)
Policy
Irs
IRS Seized $3.5B in Cryptocurrency During Fiscal 2021
The seizures by the U.S. tax agency included $1 billion in crypto related to the darknet market Silk Road.
(Shutterstock)
By Michael Bellusci
Nov 18, 2021 at 8:15 p.m. UTC
Nov 18, 2021
IRSU.S.Investigation
Pedestrians pass a Fidelity Investments office in Boston, Ma
Finance
Fidelity
Fidelity Launches Canada’s First Institutional Bitcoin Custody Service
The move potentially clears the way for more institutional investors in Canada to invest in bitcoin directly.
Pedestrians pass a Fidelity Investments office in Boston, Ma
By Michael Bellusci
Nov 17, 2021 at 9:06 p.m. UTC
Nov 17, 2021
FidelityFidelity Digital AssetsCanada
Jeremy Allaire, Circle (CoinDesk archives)
Finance
Circle
Circle Launches Initiative to Boost Global Financial Inclusion
The stablecoin issuer is allocating a share of USDC reserves to support minorities and women, as well as help with worldwide humanitarian efforts.
Jeremy Allaire, Circle (CoinDesk archives)
By Michael Bellusci
Nov 17, 2021 at 5:05 p.m. UTC
Nov 17, 2021
CircleUSDCFinancial Inclusion
(Getty Images)
Finance
Bitcoin
Bitcoin Still Unsuited for Mainstream Payments, Says Deutsche Bank
Legacy payment networks still win for mainstream payment uses, the investment bank wrote this week.
(Getty Images)
By Michael BellusciWill Canny
Nov 17, 2021 at 3:28 p.m. UTC
Nov 17, 2021
BitcoinDeutsche BankPayments
(Gabby Jones/Bloomberg via Getty Images)
Finance
Voyager digital
Voyager Digital Posts Fiscal Q1 Revenue of $65.6M, in Line With Guidance
The crypto exchange says it’s positioned to exceed record revenue during the current quarter.
(Gabby Jones/Bloomberg via Getty Images)
By Michael Bellusci
Nov 16, 2021 at 1:37 p.m. UTC
Nov 16, 2021
Voyager DigitalEarnings
The Voyager Digital Ltd. application for download in the Apple App Store on a smartphone arranged in Little Falls, New Jersey, U.S., on Saturday, May 22, 2021. Elon Musk continued to toy with the price of Bitcoin Monday, taking to Twitter to indicate support for what he says is an effort by miners to make their operations greener. Photographer: Gabby Jones/Bloomberg via Getty Images
Finance
Voyager digital
Voyager Digital Launches USDC-Linked Debit Card
Voyager’s debit cardholders can earn rewards and spend crypto on daily purchases.
The Voyager Digital Ltd. application for download in the Apple App Store on a smartphone arranged in Little Falls, New Jersey, U.S., on Saturday, May 22, 2021. Elon Musk continued to toy with the price of Bitcoin Monday, taking to Twitter to indicate support for what he says is an effort by miners to make their operations greener. Photographer: Gabby Jones/Bloomberg via Getty Images
By Michael Bellusci
Nov 16, 2021 at 12:50 p.m. UTC
Nov 16, 2021
Voyager DigitalDebit CardsUSDC
Coinbase Inches Closer to Public Listing: Here's What Its Financials Reveal
Finance
Coinbase
Coinbase Allows Users to Share Information About Crypto Holdings With Friends
The crypto exchange is adding a new “share” button to its app.
Coinbase Inches Closer to Public Listing: Here's What Its Financials Reveal
By Michael Bellusci
Nov 12, 2021 at 8:38 p.m. UTC
Nov 12, 2021
Coinbase
Bakkt Holdings, Inc. (NYSE: BKKT) Rings The Closing Bell® The New York Stock Exchange welcomes executives and guests from Bakkt Holdings, Inc. (NYSE: BKKT), today, Friday, October 22, 2021, in celebration of its recent listing and merger with VPC Impact Acquisition Holdings. To honor the occasion, Gavin Michael, CEO of Bakkt, joined by NYSE President Stacey Cunningham, rings The Closing Bell®. Photo Credit: NYSE
Finance
Bakkt
Bakkt Shares Fall After Crypto Firm Posts Third-Quarter Loss
The digital asset exchange said it had a loss in the third quarter, though revenue rose from last year’s third quarter.
Bakkt Holdings, Inc. (NYSE: BKKT) Rings The Closing Bell® The New York Stock Exchange welcomes executives and guests from Bakkt Holdings, Inc. (NYSE: BKKT), today, Friday, October 22, 2021, in celebration of its recent listing and merger with VPC Impact Acquisition Holdings. To honor the occasion, Gavin Michael, CEO of Bakkt, joined by NYSE President Stacey Cunningham, rings The Closing Bell®. Photo Credit: NYSE
By Michael Bellusci
Nov 12, 2021 at 3:08 p.m. UTC
Nov 12, 2021
BakktStocksEarnings