Michael Bellusci

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

Michael Bellusci

Latest from Michael Bellusci


Finance

Jack Dorsey’s Block Draws Analyst Downgrade on Bitcoin Sentiment

Mizuho cuts its rating on the stock to neutral from buy, citing slowing growth for Cash App and management's attention on BTC.

(Sophie Backes, Unsplash)

Finance

Framework Ventures Leads $24M Round for Web3 Security Platform Immunefi

Immunefi focuses on bug bounties for crypto projects.

Immunefi CEO Mitchell Amador (Immunefi)

Finance

Wall Street Bank CEOs Tell Congress They’re Unlikely to Finance Crypto Miners

The chief executives of Citigroup, Bank of America and Wells Fargo were questioned Wednesday at a congressional hearing.

Cartelera del Bank of America. (Getty Images)

Finance

Crypto-Linked Stocks Rally After Fed Rate Hike

Cryptocurrency-exposed stocks rose along with bitcoin and ether following the Federal Reserve's announcement Wednesday to boost the interest rate 75 basis points.

Tech stocks rose following the Federal Reserve's decision to boost interest rates 75 basis points. (Getty Images)

Finance

Trading App Robinhood Markets Adds USDC to Its Crypto Lineup

Users will be able to transfer the stablecoin from the Polygon and Ethereum networks on Wednesday.

Trading app Robinhood has added Solana, Pepe, Cardano and XRP to the list of cryptocurrencies available to trade on its platform. (Unsplash)

Finance

Crypto Exchange WazirX to Delist USDC in Boost for Binance's Stablecoin

WazirX will automatically convert customer holdings into BUSD in an effort to boost the value of Binance's stablecoin.

WazirX CEO Nischal Shetty (WazirX)

Finance

Coinbase podría registrar ingresos de US$1200M el próximo año por la suba de las tasas de interés, según JPMorgan

Más de la mitad podría provenir de la participación que la compañía tiene sobre los ingresos por intereses de las reservas de USDC.

Coinbase podría beneficiarse por el incremento de las tasas de interés. (Robert Nickelsberg/Getty Images)

Finance

Crypto Exchange Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, JPMorgan Says

Over half of that would come from the company's share of interest income from USDC reserves.

Coinbase podría beneficiarse por el incremento de las tasas de interés. (Robert Nickelsberg/Getty Images)

Finance

BigCommerce to Offer Crypto Payments For Merchants With BitPay, CoinPayments

The company's merchant clientele will be able to accept a wide variety cryptocurrencies including bitcoin, ether, dogecoin and a number of stablecoins.

Buying online with credit card (Shutterstock)

Finance

Bitcoin Miner Iris Rises as Compass Point Upgrades on Potential Boost in Hashrate

Compass Point’s analyst upgraded Iris’ stock to a buy recommendation from a neutral.

Racks of crypto mining machines.