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 and collapse. He managed the Bloomberg Terminal's main news page and worked on a global project to produce short, chart-based stories across the newsroom. Before that, he worked 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


Tech

JPMorgan says persistent security flaws curb DeFi’s institutional appeal

A $20 billion hit from the KelpDAO exploit highlights systemic risks, while flat ETH-denominated growth and a shift to stablecoins point to ongoing fragility in DeFi.

Fingers rest on a computer keyboard. (Shutterstock)

Finance

BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk

The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.

BIS Tower. (BIS/Media Gallery)

Markets

More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan

Gaming took 63% of all Web3 venture funding in 2022, but by 2025 its share had fallen to single digits as capital rotated into AI, real-world assets and layer-2 infrastructure.

A shuttered bank in the ghost town of Rockerville, South Dakota, near Mount Rushmore. (Peter Unger/Getty Images)


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Markets

Bitcoin slips from near $80,000 as oil price increase weighs on risk assets

Bitcoin dips after testing $80,000 as oil surges and traders stay bearish, even though a breakout hints the rally could accelerate on short squeezes.

Bitcoin price (CoinDesk Data)

Policy

More than 100 crypto firms urge Senate to move on U.S. market structure bill

Key priorities include defining clear SEC and CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, and avoiding a patchwork of state laws.

CoinDesk

Finance

OpenAI appears to be poaching Coinbase’s marketing team

Six Coinbase senior marketing executives, including the exchange's former chief marketing officer, have jumped to OpenAI in the past year and a half.

OpenAI logo on a mobile phone.

Markets

Bitcoin tops $79,000 as crypto rally gathers steam; Circle, Coinbase, Strategy lead

BTC pushed to an 11-week high with dynamics for a short squeeze building, one analyst noted.

Bitcoin (BTC) price on April 22 Wednesday (CoinDesk)

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Finance

Tax-free bitcoin is back: How UK investors can avoid paying duty on crypto investments once more

Stratiphy will offer access to three ETNs provided by 21Shares: those covering bitcoin, ether and one combining BTC and gold.

The financial district in London (Albrecht Fietz/Pixabay)

Policy

Kraken filed 56 million crypto tax forms for 2025. One-third were below $1

The lack of a de minimis exemption for crypto payments and staking rewards taxed at receipt creates a huge reporting burden, the data shows.

Calculator next to tax documentation (Kelly Sikkema/Unsplash)