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 Cash's Mt. Gox-Led Sell-Off Is Amplified by Poor Liquidity

Slippage, or price changes during execution of a trade, in the BCH market surged last week, signaling weak liquidity.

Liquidity for bitcoin cash has dried up, amplifying a price drop related to the Mt. Gox repayments. (daeron/Pixabay)

Markets

Bitcoin Drops as German Government Unloads Over $900M Worth of BTC

Wallets linked to the German government still hold some 23,788 bitcoin, meaning that it has already sold more than half of its seized assets, according to Arkham Intelligence data.

Bitcoin price on Monday (CoinDesk)

Markets

Digital Asset Funds Flip Positive for First Time in 4 Weeks: CoinShares

CoinShares attributes the inflows to recent price weakness prompted by defunct crypto exchange Mt. Gox initiating preparing to initiate repayments to creditors.

CoinShares flows July 8 2024 (Bloomberg, CoinShares)

Finance

Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies

U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.

A photo of four mining rigs

Policy

France Votes for Hung Parliament as Major Parties Fall Short of Majority

The absence of an outright majority could hamper the passing of new legislation, including crypto regulations.

(Pourya Gohari / Unsplash)

Markets

First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments

The latest price moves in crypto markets in context for July 5, 2024.

BTC price, FMA July 5 2024 (CoinDesk)

Markets

Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms

“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.

Risks of a deeper pullback are growing for BTC (mana5280/Unsplash)

Markets

U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps

Bitcoin traded around $54,400 in Europe, a 24-hour drop of 5.8%, having earlier fallen to the lowest level since late February

16:9 Market decline (Mediamodifier/Pixabay)

Finance

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

The defunct crypto exchange announced last month that it will begin repayments in July.

(CoinDesk)

Policy

Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans

While the industry was not mentioned in the party's manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.

Labour Party leader Keir Starmer secured victory in the U.K. election (Matthew Horwood/Getty Images)