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

FTX US Daily Trading Volume Soared 512% in Q3

The crypto derivatives exchange recorded an average daily volume of $360 million for the quarter.

FTX CEO Sam Bankman-Fried

Finance

Crypto-Focused Bank Silvergate Rallies After JPMorgan Sees Industry Adoption Growth

The analyst sees Silvergate as a way for investors to gain exposure to crypto adoption and disruption.

Silvergate Bank to Discontinue Binance USD Deposits, Withdrawals

Finance

Investing in Bitcoin Directly May Be Better Bet Than Coinbase: Mizuho

The crypto exchange could face industry headwinds amid the wider adoption of cryptocurrency, Mizuho told clients.

Coinbase (Getty Images)

Finance

Mastercard Outlines 3-Pronged Strategy to Support the Growing Crypto Community

The payments company said at its annual investor’s day conference that it would focus on services, network access and security.

Mastercard (Shutterstock)

Markets

Coinbase Analysts See ‘Green Shoots’ After Weak Third-Quarter Results

The largest U.S. cryptocurrency exchange should benefit from near-term crypto strength and diversification of revenue streams.

Coinbase CEO Brian Armstrong (CoinDesk archives)

Finance

Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates

Shares of the largest cryptocurrency exchange in the U.S. fell sharply after the company missed revenue and earning expectations, and trading volume fell compared to the previous quarter.

LONDON, ENGLAND - NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images)

Finance

Palantir Expecting Big Things From New Crypto Security Software

An executive for the data analytics software company said he thinks Palantir’s Foundry product will be a “massive accelerant for crypto companies.”

Peter Thiel, co-founder and chairman of Palantir Technologies

Finance

PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short

The payments giant added 13.3 million new accounts in the quarter, up from 11.4 million in the prior quarter.

PayPal Confirms Purchase of Crypto Security Firm Curv

Finance

Coinbase’s Q3 Crypto Trading Volumes to Be Key for Investors, Analysts Say

The largest U.S. cryptocurrency exchange has said investors should expect lower trading volume in the third quarter, given the decline in crypto prices during that period.

Coinbase Goes Public in Its Fight With the SEC

Finance

Coinbase Wallet Users Now Have a Standalone Browser Extension

The offering comes amid an increase in the use of self-custody crypto wallets.

(Archivo CoinDesk)