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Latest from Michael Bellusci
Consumers Lost Over $1B to Crypto Fraud Since January 2021, FTC Says
Crypto is quickly becoming the "payment of choice for many scammers," says the agency.
Crypto Firms, Especially Exchanges, Slash Jobs as Market Rout Continues
Many crypto companies are announcing substantial job cuts and hiring freezes amid challenging times for cryptocurrency and equity markets.
Winklevoss-Led Gemini Cuts 10% of Staff, Citing ‘Turbulent’ Crypto Market
Gemini cited the cryptocurrency downturn along with macroeconomic market conditions.
GameStop Reports $76.9M in Proceeds From Sales of Digital Assets in First Quarter
The company also confirmed intentions to launch its NFT marketplace in the second quarter.
Binance-Supported Deal for Forbes to Go Public Via SPAC Is Called Off
Binance had invested $200 million in Forbes earlier this year as part of the plan.
Terra’s Mirror Protocol Allegedly Suffers New Exploit
Community users are raising the alarm about a possible bug in the LUNC pricing oracles.
Bitcoin Begins a New Week by Hitting Above $31K
Bitcoin posted a strong start to the week, rising to over $31,000 while U.S. equity markets were closed for the Memorial Day holiday.
One River’s Carbon Neutral Bitcoin ETF Rejected by SEC
It's the latest in the agency's string of rejections of spot bitcoin ETF applications.
UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy
Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared to bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%.
Coinbase Has ‘Structural Advantage’ Over Competitors, Cowen Analyst Says
Stephen Glagola gave the crypto exchange an outperform rating and $85 price target.