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 Buyers Saw 40% Gain on Average Last Year, Realized Price Shows

The average realized price of 2024 buyers in bitcoin was $65,901.

Bitcoin: Exchange Average Withdrawal Price: (Glassnode)

Policy

Do Kwon Pleads Not Guilty to Fraud Following Extradition to US: Reuters

Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion

Do Kwon (CoinDesk archives)

Markets

Bitcoin's Computing Power May Hit a Major Milestone Long Before Next Halving

Bitcoin's hashrate increased by approximately 50% in 2024, and it is currently on course to rise for the eighth consecutive time.

Bitcoin hash rate has surged in 2024 (Hashage)

CoinDesk Indices

CoinDesk 20 Performance Update: SOL Gains 7.5%, Leading Index Higher

Render (RENDER) joined Solana (SOL) as a top performer, gaining 7.8%.


Markets

Northern Data Is Well Positioned to Take Advantage of the AI Boom: Canaccord

The broker initiated coverage of the stock with a buy rating and 60 euro price target.

Source: Blockware Solutions

Policy

Tron's T3 Financial Crime Fighting Unit Hits $100M in Frozen USDT

The unit is a joint venture between Tron, TRM Labs and Tether.

landscape of frozen ice blocks

Markets

Dollar's Post-Election Path Is Tracking Trump's First Presidential Term: Van Straten

The DXY index is up over 3% since the election and is following a trajectory similar to his first presidential term.

The U.S. Dollar (Shutterstock)

Markets

Tether's Market Value Sees Sharpest Decline Since FTX Crash as MiCA Kicks In

Tether's market cap has declined by over 1% this week, the steepest drop since the crash of FTX in November 2022.

Chart of USDT's market cap

Finance

KuCoin Enables Crypto Point-of-Sale Payments by QR-Code

The crypto exchange joins a number of crypto payment providers enabling customers to pay with crypto.

(Christiann Koepke/Unsplash)

Markets

MicroStrategy's Dismal December Still Keeps It at Top of 2024 Bitcoin-Tied Asset Rankings

The bitcoin-buying company outperformed many other crypto-linked traditional finance entities this year.

Ranking Assets for 2024 Performance (Shutterstock)