Tom Carreras

Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor's degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk's disclosure threshold of $1,000.

Tom Carreras

Latest from Tom Carreras


Markets

Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff

Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.

Bitcoin price action.

Finance

Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago

AI clusters and bitcoin mining operations have vastly different needs. Core Scientific's chief development officer gets down to the nitty gritty.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Tech

Buenos Aires Adds ZK Proofs to City App in Bid to Boost Residents' Privacy

The crypto-adjacent tech is meant to give the Argentine capital's 3.6 million residents greater control over their personal data.

The La Boca neighborhood in Buenos Aires, Argentina (Eduardo Sánchez/Wikimedia Commons).

Markets

Staked Ether Is Creating a Benchmark for the Crypto Economy, Says ARK Invest

The growing use of stETH in DeFi protocols means ether’s yield is slowly taking the role of the federal funds rate in the crypto ecosystem, according to a report from Ark Invest.

Cathie Wood, CEO of ARK Invest, at Consensus 2024 by CoinDesk (Suzanne Cordiero)

Finance

Crypto VC Market 'Tepid' as Q3 Investments Declined 20%, Says Galaxy Digital

Scared away by the various crypto collapses in 2022, institutional allocators have yet to make a comeback.

Morgan Creek Digital to raise up to $500M for new Web3 venture capital fund. (Jason Leung/Unsplash)

Finance

Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets.

On-chain data shows wallets associated with Elon Musk's electric car company have been emptied.

Is Elon Musk's Tesla selling bitcoin? (Chesnot/Getty Images)

Markets

Why the $172B Stablecoin Market Could Send Crypto Prices Higher

The stablecoin market isn’t unlike Berkshire Hathaway’s enormous cash stash – it’s sitting there ready to be deployed, according to CoinMarketCap’s Alice Liu.

(Unsplash)

Finance

Why This ETF Expert Is Bullish on Ethereum and Says Washington’s Crypto Stance Is Misunderstood

If Vice President Kamala Harris beats Donald Trump in the U.S. presidential election, that could be good for Ethereum, though crypto is in good shape either way, Bitwise's Matt Hougan says.

Bitwise CIO Matt Hougan (Suzanne Cordiero/CoinDesk/Shutterstock)

Markets

Four Reasons Ether ETFs Have Underperformed

ETH ETFs haven't gained the same traction as BTC ETFs, even seeing net outflows this week. Tom Carreras investigates why.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Finance

LatAm Bank Littio Ditches Ethereum for Avalanche as Demand for RWA Vaults Grows

Avalanche's low transaction fees and consistency were cited as reasons for picking that chain.

Avalanche. (Unsplash)

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