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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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Ark Invest CEO Cathie Woods (Danny Nelson/CoinDesk)
Finance
Gbtc
ARK's Cathie Wood Bought $100K Worth of Bitcoin Years Ago at $250 and Has Never Sold It
The founder and CEO of ARK Investment Management said she made the purchase after reading the Satoshi white paper.
Ark Invest CEO Cathie Woods (Danny Nelson/CoinDesk)
By Michael Bellusci
Oct 24, 2022 at 9:10 p.m. UTC
Oct 24, 2022
GBTCGrayscale Bitcoin Trustcathie woodark investment managementARK Invest
Data center firm Soluna raised about $2 million in a share sale. (piranka/Getty Images)
Finance
Data
Crypto Mining Data Center Firm Soluna Tumbles After Capital Raise
The company raised about $2 million in a share sale.
Data center firm Soluna raised about $2 million in a share sale. (piranka/Getty Images)
By Michael Bellusci
Oct 24, 2022 at 3:34 p.m. UTC
Oct 24, 2022
DataCrypto Miningstock performanceMining Centers
Coinbase has proposed moving $1.6 billion of MakerDAO's USDC to Coinbase Prime. (Chesnot/Getty Images)
Finance
Coinbase prime
Coinbase to Significantly Benefit From $1.6B Transfer of MakerDAO's USDC, Analyst Says
A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline.
Coinbase has proposed moving $1.6 billion of MakerDAO's USDC to Coinbase Prime. (Chesnot/Getty Images)
By Michael Bellusci
Oct 21, 2022 at 7:40 p.m. UTC
Oct 21, 2022
Coinbase PrimeUSDCStablecoinMakerDAOCustody
(Jonathan Weiss/Shutterstock)
Finance
Fidelity
Fidelity’s Crypto Platform to Add Ether Trading for Institutional Clients
The move comes after Fidelity launched a new Ethereum Index Fund for accredited investors.
(Jonathan Weiss/Shutterstock)
By Michael Bellusci
Oct 19, 2022 at 9:38 p.m. UTC
Oct 19, 2022
FidelityFidelity Digital AssetsEthereumindex fundAsset ManagementTrading
Silvergate Bank HQ (Will Foxley/CoinDesk)
Finance
Silvergate bank
Crypto Bank Silvergate to Miss Goal of Offering Stablecoin This Year
The news comes alongside a Q3 earnings miss that's sending the stock lower by more than 20% on Tuesday.
Silvergate Bank HQ (Will Foxley/CoinDesk)
By Michael Bellusci
Oct 18, 2022 at 5:47 p.m. UTC
Oct 18, 2022
Silvergate BankSilvergateDiemStablecoinRegulation
Silvergate CEO Alan Lane (CoinDesk archives)
Finance
Silvergate bank
Silvergate Shares Drop as USD Transfers, Digital Deposits Slowed in Q3
The digital asset bank grew its customer base to 1,677 during the third quarter.
Silvergate CEO Alan Lane (CoinDesk archives)
By Parikshit MishraMichael Bellusci
Oct 18, 2022 at 10:46 a.m. UTC
Oct 18, 2022
Silvergate BankSilvergate Exchange NetworkEarnings
(Tim Evans/Unsplash)
Finance
Bny mellon
BNY Mellon Says Client Demand for Crypto Led to Custody Offering
Executives from the world's largest custodial bank spoke on the company’s earnings call Monday morning.
(Tim Evans/Unsplash)
By Michael Bellusci
Oct 17, 2022 at 4:35 p.m. UTC
Oct 17, 2022
BNY MellonCustodiansCustody ServicesInstitutional AdoptionWall Street
(Kevin Ku/Unsplash)
Finance
Mango markets
Mango Markets Community Counters Exploiter’s Settlement Offer
The initial offer appeared to have been rejected.
(Kevin Ku/Unsplash)
By Michael BellusciSam Reynolds
Oct 14, 2022 at 3:46 p.m. UTC
Oct 14, 2022
Mango MarketsExploitsHackDeFitreasure dao
JPMorgan Chase CEO Jamie Dimon speaking at IIF event (CoinDesk)
Finance
Jamie dimon
Jamie Dimon Again Slams Crypto, Calls Blockchain 'Real'
The head of the largest U.S. bank by assets spoke during an IIF event Thursday in Washington, D.C.
JPMorgan Chase CEO Jamie Dimon speaking at IIF event (CoinDesk)
By Michael Bellusci
Oct 13, 2022 at 8:59 p.m. UTC
Oct 13, 2022
Jamie DimonBitcoinPonzi schemePonziBlockchainJPMorgan Chase
FalconX's investment management platform (FalconX)
Finance
Falconx
Crypto Prime Brokerage FalconX Unveils Risk-Management Platform for Institutional Clients
FalconX 360 seeks to make risk management and liquidity visibility more accessible for institutional crypto investors.
FalconX's investment management platform (FalconX)
By Michael Bellusci
Oct 13, 2022 at 1:30 p.m. UTC
Oct 13, 2022
FalconXCrypto TradingLiquidityRisk Management