Will Canny

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

Will Canny

Latest from Will Canny


Finance

Bitcoin Mining Was More Profitable in February Than January: Jefferies

Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Markets

Galaxy Digital Has Several Positive Catalysts in Play This Year: Canaccord

The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.

Galaxy Digital CEO Mike Novogratz at the Token 2049 conference in Singapore in 2022 (Sam Reynolds/CoinDesk)

Finance

Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst Says

Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, Stifel Canada said in a report.

Mike Novogratz, Founder and CEO, Galaxy Digital (Shutterstock/CoinDesk)

Finance

BlackRock’s New Tokenized Fund Brings TradFi, Crypto Closer: Bernstein

The launch of the BUIDL fund is significant because of the way in which the investment manager has brought in key ecosystem partners from both the TradFi world and the crypto sector, the report said.

BlackRock HQ

Markets

Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase

There were $836 million in net outflows between March 18 and March 21, the report said.

Bitcoin ETFs lost  $836 million to outflows last week. (Unsplash)

Finance

Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Momentum continues to build in the company’s ancillary businesses, the report said.

Coinbase CEO Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)

Markets

Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says

The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said.

a cleaver chops a lemon in half

Finance

Bitcoin Year-End Price Target Raised to $90K at Bernstein

The broker expects a 7% reduction in hashrate post-halving from shutdowns versus 15% earlier, the report said.

Institutional traders are more bullish on bitcoin than alternative cryptocurrencies. (Hans Eiskonen/Unsplash)

Markets

Bitcoin Halving May Have a Positive Impact on Prices, But Other Factors Still at Play: Coinbase

The cryptocurrency does not operate in a vacuum, and its price is also affected by non-crypto influences, such as macro factors, the report said.

Halving (Shutterstock)

Finance

Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Says

The bank raised its price target for the crypto exchange to $150 from $95.

Coinbase CEO Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)