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

Polkadot Slumps as Bears Break Key Support at $2.87

Heavy institutional selling pressure triggered a technical breakdown in DOT.

"Polkadot Drops 4.8% Amid Heavy Institutional Selling and Key Support Breakdown at $2.87"

Markets

Toncoin Falls as Nasdaq Flags Rule Violation in $273M Purchase by Major Holder

Nasdaq reprimanded TON Strategy, a major holder of TON, for failing to obtain shareholder approval before issuing stock to finance a $272.7 million purchase.

"TON Price Drops 4.4% to $2.18 Amid Strong Selling and Key Support Breakdown with Late Recovery"

Markets

BNB Slides 6% as Price Breaks Below Key $1,080 Support Level

The breakdown occurred during a broader crypto market downturn, with BNB's move possibly reflecting spillover effects from the decline.

BNBUSD price chart (CoinDesk Data)

Finance

RETRACTION: YZi Labs, Animoca, Gate Did Not Take Part in Standard Money Fundraising Round

A company release said Standard Money raised $8 million and named YZi Labs, Animoca, Gate and Crypto.com as participating, claims that three of the four companies denied.

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

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Markets

Bitcoin Network Hashrate Hit Record High in October, JPMorgan Says

The monthly average network hashrate, a proxy for competition in the industry and mining difficulty, rose 5% to 1,082 EH/s.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Markets

Crypto Markets Today: BTC Wilts After First Red October Since 2018

Charts indicate growing risk of a deeper decline to $100,000 or below, with consistent bias for put options in the options market.

A bear roars

Markets

Zcash Overtaking Monero Market Cap Points to Privacy-Coin Power Shift

Zcash's market cap rose to as high as $7.2 billion, while Monero's held around $6.3 billion.

Privacy (Shutterstock, modified by CoinDesk)


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Markets

Berachain Halts Network to Contain Balancer-Linked Exploit, Conduct ‘Emergency Hard Fork’

The pause allows developers to roll out an emergency hard fork aimed at isolating compromised contracts and recovering affected assets before resuming operations.

(Midjourney/Modified by CoinDesk)

Finance

HIVE Digital's Mining Capacity Hits 23 EH/s as Bitcoin Output Funds AI Shift

The company is converting parts of its mining footprint into AI-ready data centers, including a site in Grand Falls, New Brunswick, that could support 25,000 GPUs.

Data center servers