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 Options Market Has Overtaken Its Futures Market in a Sign of Growing Sophistication

The notional open interest in BTC options worldwide stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.

Total BTC options open interest (CoinGlass)

Policy

U.S. CBDC Is Unlikely in the Near Term: Bank of America

The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.

(Jesse Hamilton/CoinDesk)

Markets

OMG Token Surges 16% as Vitalik Buterin Hails the 'Return of Plasma'

Buterin wrote that he believes Plasma, an Ethereum scaling technology that has been ousted by rollups, has the potential to reduce transaction fees.

Vitalik Buterin shares a new blog post on Ethereum's roadmap to address scaling, privacy, and wallet security. (CoinDesk)

Finance

Bitcoin Miner Hut 8 Q3 Net Loss More Than Doubles as Production Slumps

The firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations.

A Hut 8 mining facility (hut8.io)

Markets

First Mover Americas: Goldman Leads Blockchain Firm Fnality Raise of $95M

The latest price moves in crypto markets in context for Nov. 14, 2023.

(Pepi Stojanovski/Unsplash)

Finance

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules

BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.

BlockFi CEO Zac Prince (right) (Danny Nelson/CoinDesk)

Web3

Social Network MeWe Heralds Migration of Users to Web3 From Web2

MeWe said at Consensus 2023 in April that it would be adopting the Polkadot parachain Frequency to bring self-sovereign blockchain-based identities to its 20 million users

Left to right: Braxton Woodham, Patrick Murck, Jeffrey Edell and Ursula O’Kuinghttons (Shutterstock/CoinDesk)

Policy

UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith

His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.

U.K Economic Secretary Bim Afolami (U.K. Parliament)

Markets

Bitcoin Spot ETFs Will Introduce Crypto to Broader Investor Base: Coinbase

Spot ETFs are likely to lay the foundation for a more regulated market, with greater inclusion and a significant growth in demand, the report said.

(Alpha Photo/Flickr)

Finance

Former FTX, Alameda Executives to Start New Crypto Exchange: WSJ

Former FTX general counsel Can Sun, who was a key witness in the Sam Bankman-Fried trial, and former Alameda Research software developer Armani Ferrante are building a Dubai-based exchange called Backpack Exchange.

Can Sun, former FTX general counsel, leaves a New York courthouse after testifying against Sam Bankman-Fried on Oct. 19, 2023. (Nik De/CoinDesk)