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


Pananalapi

Bitcoin Production Cost Has Dropped to About $13K, JPMorgan Says

Declining production costs could be seen as a negative for bitcoin prices, the Wall Street bank said in a report.

Racks of crypto mining machines.

Pananalapi

CoinFLEX Restarts Withdrawals With 10% Limit

Customers still won't be able to withdraw the platform's native token, though.

CoinFLEX halted withdrawals. (FLY:D/Unsplash, modified by CoinDesk)

Pananalapi

GameStop’s NFT Marketplace Goes Live

The video-game retailer released a digital asset wallet in May ahead of the service.

GameStop's NFT marketplace goes live. (GameStop)

Pananalapi

Gryphon Mining 'Able to Take Advantage of Opportunities' in Sector

The miner produced 71 bitcoin in June, up from 62 in May.

Racks of crypto mining machines.

Pananalapi

Marathon Digital Continues to Hodl All Bitcoin but Hints at Strategy Change

Dealing with a number of operational challenges, the company mined 707 bitcoin during the second quarter down sharply from the previous three months.

Marathon Digital CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Pananalapi

Compass Mining Cuts 15% of Staff, Lowers Executive Compensation

The bitcoin mining company said it's reassessing its priorities after growing too quickly.

Compass Mining sign at Bitcoin Miami 2022 (Danny Nelson/CoinDesk)

Pananalapi

Galaxy Digital Names Credit Suisse Veteran as Global Head of Distribution

Danielle Johnson was previously managing director at Credit Suisse, leading the bank's venture capital business in New York.

Crypto winter hasn't fazed a trio of ex-JPMorgan executives. (Ed Shipul/Flickr)

Pananalapi

Bitstamp Inactivity Fee Canceled After Customer Response

The crypto exchange had said it would be charging small, non-active accounts 10 euros per month.

Bitstamp reversed course. (Peter Hermus/Getty images)

Pananalapi

Core Scientific Sold Over 7K Bitcoins for About $167M in June, Sees More Sales

The crypto company plans to cash in on more self-mined bitcoins to cover expenses, growth and debt payments.

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Pananalapi

WonderFi Closes Acquisition of Crypto Trading Platform Coinberry

The Canadian crypto firm says it's open to more deals for firms hit by the crypto winter.

The WonderFi team, including a cardboard cutout of Kevin O'Leary, at the firm's recent uplisting to the Toronto Stock Exchange. (WonderFi)