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Latest from Michael Bellusci
Coinbase Sheds Roughly 60 Jobs as Cost-Cutting Continues Amid Bear Market
The crypto exchange called the latest reductions “isolated and targeted.”
JPMorgan Sees Wave of Crypto Deleveraging From FTX’s Woes
JPMorgan strategists said bitcoin's production cost could be an indicator of the market bottom.
Cathie Woods’ ARK Buys 238K More Shares in Coinbase Exchange Amid Crypto Rout
The purchase adds to the more than 400,000 Coinbase shares bought by ARK’s exchange-traded funds earlier this week.
Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal
Concerns around FTX's health along with the broader crypto ecosystem spilled into the stock market Wednesday.
Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns
Shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer.
Crypto Financial Firm Galaxy Digital Reveals $76.8M FTX Exposure as CEO Novogratz Hunkers Down
Galaxy is withdrawing $47.5 million from the crypto exchange.
Bitcoin, Crypto-Linked Equities Resume Falling Despite Binance/FTX Deal
Questions about the solvency of FTX were picking up speed on Tuesday morning until Binance announced a non-binding LOI to acquire the crypto exchange.
Crypto Exchange Coinbase Draws Mixed Reaction on Wall Street After Weak Q3
Trading volume was down, but the company is trying to diversify its revenue.
Jack Dorsey's Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
Compass Point Analyst Defends Bitcoin Miner Iris Energy
Chase White says Iris should be able to renegotiate the terms of its debt or return its mining rigs to the lenders and buy new ones at a cheaper price.
