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


Tech

Avalanche Blockchain Usage Grew in Second Quarter: Nansen

The Avalanche C Chain saw daily active address and transaction volume – two important metrics to gauge a blockchain’s health – increase significantly in the period.

The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)

Markets

Coinbase Bears Doubt Stock Can Rise Even After Exchange Beats Estimates

It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.

Coinbase CEO Brian Armstrong (CoinDesk)

Tech

Arbitrum's Most Popular DEX Goes Live With New Version Offering DOGE Pools at 40%

Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.

(AhmadArdity/Pixabay)

Finance

Largest Crypto Miners Will Benefit Most From Capacity Growth: Bernstein

Larger miners with a low cost of production and low debt are likely to be the big beneficiaries of increased capacity, the report said.

New and old bitcoin mining rigs at CleanSpark's site in Georgia.

Markets

Bitcoin Holdings on OTC Desks Decline 33%: Glassnode

Over-the-counter desk balances are widely considered a proxy for institutional activity. Still, caution is warranted when drawing conclusions.

BTC OTC desk balance (Glassnode)

Policy

Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China

Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai's exchanges.

Hong Kong (Ruslan Bardash / Unsplash)

Finance

Latin American Crypto Company Ripio Launches U.S. Dollar-Pegged Stablecoin

The cryptocurrency is hosted on LaChain, a recently started blockchain focused on the region.

Venture capital firm Variant commits $450 million to its third crypto-focused fund. (Horst Schwalm/Pixabay)

Finance

Metaverse Project Futureverse's Co-Founders Start $50M Venture Fund

The Born Ready venture studio will invest in early-stage Web3 and metaverse projects.

(Pixabay)

Finance

AI Investment Could Reach $200B Globally by 2025: Goldman Sachs

Generative AI has huge economic potential and could boost global labor productivity, the report said.

robot hand holding dollar bills

Markets

Crypto Traders Might Want to Track Ether 'Slippage' Indicator. Here's Why

Hyblock's slippage indicator has consistently marked short-term trend changes in the second-largest cryptocurrency this year.

(geralt/Pixabay)