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

Bitget Token Tumbles 52% on 'Market Sluggishness,' Exchange Says, While Promising Compensation

The BGB token slumped to as low as $0.54 before recovering.

BGB plummeted to as low as $0.54 from $1.14 in 15 minutes at around 02:30 UTC, data on TradingView shows. (TradingView)

Markets

The Notion of Aggressively Dovish Fed Fades as U.S. Inflation Report Looms

Bitcoin is struggling to gain upside traction as a hawkish rethink of Fed interest-rate policy raises Treasury yields and strengthens the dollar.

(Jesse Hamilton/CoinDesk)

Finance

Japan's Metaplanet Buys Another $6.7M Worth of Bitcoin

Metaplanet bought around 108.8 BTC at an average price of just under 9.2 million yen per coin

Tokyo, Japan (Ryo Yoshitake/Unsplash)

Markets

Trump Leads Harris on Polymarket After Musk Endorsement, but Trails in This Key State

Elon Musk says prediction markets are more accurate than polls.

Eric, Donald and Donald Trump Jr. (Desiree Navarro/WireImage)

Policy

UAE Exempts Crypto Transactions From Value Added Tax

The update in the law applies retrospectively from Jan. 1, 2018.

16:9 UAE dirham (Pixelline studios/Pixabay)

Finance

Christie's to Offer Blockchain-Based Ownership Certificates for Photography Collection

Wednesday's sale of "An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina," in New York will see digital certificates issued for each of the 130 lots, which will be minted by Kresus on Base.

Chritie's in Manhattan, New York. (Spatuletail/Shutterstock)

Markets

Short-Term Holders Send $3B in Bitcoin to Exchanges at a Loss as Mideast Tensions Rise

Geopolitical tensions triggered consecutive daily declines of almost 4% in bitcoin’s price.

Long-term bitcoin holders vs short-term holders send to exchanges at a loss (Glassnode)

Markets

Grayscale’s High ETF Fee Keeps the Cash Flowing In Even as Investors Withdraw

Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management.

Grayscale advertisement (Grayscale)

Markets

Bitcoin ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3

The outflows snapped an eight-day winning streak as BTC lost as much as 6% amid an acute heightening of tensions in the Middle East.

16:9 Outflows (inkflo/Pixabay)

Finance

Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino

Ardoino said there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.

Tether CEO Paolo Ardoino (Tether)