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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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BlockFi CEO Zac Prince (CoinDesk)
Finance
Blockfi
Crypto Lender BlockFi Preps for Possible Bankruptcy Filing After FTX's Woes: WSJ
The company had previously suspended withdrawals in wake of the collapse of crypto exchange FTX last week.
BlockFi CEO Zac Prince (CoinDesk)
By Michael Bellusci
Nov 15, 2022 at 6:22 p.m. UTC
Nov 15, 2022
BlockFiBankruptcyFTX
Silvergate Bank HQ (Will Foxley/CoinDesk)
Finance
Silvergate bank
Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned
Silvergate shares were down about 7% while other crypto-linked stocks rallied Tuesday.
Silvergate Bank HQ (Will Foxley/CoinDesk)
By Michael Bellusci
Nov 15, 2022 at 6:09 p.m. UTC
Nov 15, 2022
Silvergate BankSilvergate Exchange NetworkFTXstock performanceSignature Bank
Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)
Finance
Circle
USDC Stablecoin Issuer Circle Says Businesses Can Accept Apple Pay
The addition will help crypto businesses by making it easier to take payments, the company said.
Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)
By Michael Bellusci
Nov 15, 2022 at 4:39 p.m. UTC
Nov 15, 2022
CircleUSDCApple Paypayments
Ark Invest's Cathie Wood at Bitcoin 2022 in Miami (Marco Bello/Getty Images)
Finance
Gbtc
Cathie Wood’s ARK Buys 315K Shares in Grayscale’s Bitcoin Trust
It was the fund's first purchase of the trust in almost a year-and-a-half.
Ark Invest's Cathie Wood at Bitcoin 2022 in Miami (Marco Bello/Getty Images)
By Michael Bellusci
Nov 15, 2022 at 3:36 p.m. UTC
Nov 15, 2022
GBTCGrayscale Bitcoin Trustark investment managementCathie Woods
BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)
Finance
Blockfi
Crypto Lender BlockFi Updates Users on Platform, FTX Exposure
The company denied rumors that a majority of its assets are custodied at collapsed crypto exchange FTX.
BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)
By Michael BellusciGeorge Kaloudis
Nov 14, 2022 at 9:31 p.m. UTC
Nov 14, 2022
BlockFiLendingcrypto lenderDeFiFTX
(Justin Sullivan/Getty Images)
Negocios
No-livewire
Visa cancela acuerdo con FTX para emitir sus tarjetas de débito
La asociación original para lanzar tarjetas de débito de criptomonedas en 40 países había sido anunciada en octubre.
(Justin Sullivan/Getty Images)
By Michael BellusciParikshit Mishra
Nov 14, 2022 at 8:20 p.m. UTC
Nov 14, 2022
no-livewireVisaFTX
(Justin Sullivan/Getty Images)
Finance
Visa
Visa Ends Its Debit Card Pact With FTX
The original partnership to release crypto debit cards in 40 countries was reported on in October.
(Justin Sullivan/Getty Images)
By Michael BellusciParikshit Mishra
Nov 14, 2022 at 4:20 p.m. UTC
Nov 14, 2022
VisaDebit CardsFTXcredit cards
NEW YORK - NEW YORK - MARCH 23: GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. GameStop stocks falls more than 10% after the video game store showing strong earnings but lower than expected. (Photo by John Smith/VIEWpress)
Finance
Gamestop
GameStop to End FTX.US Ties, Refund Customers
GameStop customers with FTX gift cards will be given refunds.
NEW YORK - NEW YORK - MARCH 23: GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. GameStop stocks falls more than 10% after the video game store showing strong earnings but lower than expected. (Photo by John Smith/VIEWpress)
By Michael Bellusci
Nov 11, 2022 at 10:19 p.m. UTC
Nov 11, 2022
GameStopFTXFTX USGamingvideo gamesRetail
PARIS, FRANCE - OCTOBER 05: In this photo illustration, the Coinbase cryptocurrency exchange application is seen on the screen of an iPhone on October 05, 2018 in Paris, France. The California cryptocurrency platform is about to raise $ 500 million in the event of an IPO. After having exceeded 20 million users this summer, the cryptocurrency trading platform has seen its financial value further increase. The California start-up is now valued at $ 8 billion. (Photo Illustration by Chesnot/Getty Images)
Finance
Ftx
US-Listed Crypto Trading Platforms Coinbase, Bakkt Gain After FTX Bankruptcy Filing
Investors appear to be favoring more regulated and transparent platforms.
PARIS, FRANCE - OCTOBER 05: In this photo illustration, the Coinbase cryptocurrency exchange application is seen on the screen of an iPhone on October 05, 2018 in Paris, France. The California cryptocurrency platform is about to raise $ 500 million in the event of an IPO. After having exceeded 20 million users this summer, the cryptocurrency trading platform has seen its financial value further increase. The California start-up is now valued at $ 8 billion. (Photo Illustration by Chesnot/Getty Images)
By Michael Bellusci
Nov 11, 2022 at 6:21 p.m. UTC
Nov 11, 2022
FTXCoinbaseStocksCrypto Exchangeinvestors
Barry Silbert. CEO y fundador de Digital Currency Group.
Negocios
Digital currency group
Digital Currency Group aporta US$140M a la empresa de trading Genesis
Genesis informó que su negocio de derivados actualmente tiene alrededor de US$175 millones en fondos bloqueados en su cuenta de trading de FTX.
Barry Silbert. CEO y fundador de Digital Currency Group.
By Michael Bellusci
Nov 11, 2022 at 6:13 p.m. UTC
Nov 11, 2022
Digital Currency GroupGenesisno-livewire