Sheldon Reback

Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.

Sheldon Reback

Latest from Sheldon Reback


Markets

Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase

Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.

Graph on a blackboard showing the relationship between supply and demand.

Markets

Warning for Altcoin Bulls: The Ether-Bitcoin Ratio Is About to Flash Death Cross

A death cross occurs when a short-term moving average drops below the long-term moving average, signaling a potential long-term bearish shift in momentum.

Yellow caution tape in front of archery targets.

Markets

Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord

The broker cut its price target to $14 from $17.50 while maintaining its buy rating.

A Hut 8 mining facility (hut8.io)

Policy

EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not

Maximum extractable value (MEV), in which blockchain operators reorder transactions to squeeze out additional profits, usually at the expense of whoever is sending the transactions, is not inherently bad, some policy experts point out.

EU regulators are exploring the boundaries of MiCA regulation. (Pixabay)

Policy

Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps

The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."

Google logo on the front of a building

Markets

Bitcoin Cash Spikes 10% After Halving, Bitcoin Hovers Above $66K

Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.

Bull and Bear (nosheep/Pixabay)

Markets

Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show

Most funds may have taken short positions as a part of a "carry trade," one observer said.

Hedge fund. (viarami/Pixabay

Markets

Wormhole’s W Token Is Paying Out 999% a Week on Solana Protocol Kamino

The Solana DeFi application Kamino is offering a weekly yield of more than 999%, paid out in W and JTO tokens.

Wormhole (Genty/Pixabay)

Policy

UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT

The DSS will last five years and could lead to a new regulatory regime for securities settlement.

UK United Kingdom British England Flag (Unsplash)

Finance

Wormhole Debuts at $3B Valuation in 617M Token Airdrop

Based on the debut price, the project's W token has a fully diluted value of $16.5 billion.

Pyth issues token airdrop (ian dooley/Unsplash)