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Will Canny

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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.

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From left to right: Sebastien Robyr (Chief Information Security Officer); Craig Perrin (Chief Sales Officer); Jessica More (Chief of Staff); Seamus Donoghue (Chief Growth Officer); Vincent Bouzon (Chief Technology Officer); Adrien Treccani (Chief Executive Officer); Peter DeMeo (Chief Product Officer); Angel Nunez Mencias (Chief Customer Officer).
Finance
Ripple
Ripple Buys Crypto Custody Firm Metaco for $250M
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.
From left to right: Sebastien Robyr (Chief Information Security Officer); Craig Perrin (Chief Sales Officer); Jessica More (Chief of Staff); Seamus Donoghue (Chief Growth Officer); Vincent Bouzon (Chief Technology Officer); Adrien Treccani (Chief Executive Officer); Peter DeMeo (Chief Product Officer); Angel Nunez Mencias (Chief Customer Officer).
By Will CannyBrandy Betz
May 17, 2023 at 12:00 p.m. UTC
May 17, 2023
RippleMetacomergers and acquisitions
Yield sign (James Coleman/Unsplash)
Finance
Staking
The New Crypto Cycle Will Be About Ether Yields: Bernstein
Ether staking trends following the Shanghai upgrade have beaten expectations, the report said.
Yield sign (James Coleman/Unsplash)
By Will Canny
May 16, 2023 at 8:04 a.m. UTC
May 16, 2023
StakingEtherYield
Coinbase CEO Brian Armstrong (CoinDesk archives)
Finance
Coinbase
Coinbase Initiated at Hold, Likely To Face Enforcement Action From SEC: Berenberg
Executing a successful pivot away from the U.S. would be a tall order for the crypto exchange, Berenberg said.
Coinbase CEO Brian Armstrong (CoinDesk archives)
By Will Canny
May 16, 2023 at 7:05 a.m. UTC
May 16, 2023
CoinbaseSECRegulation
(Federal Reserve Bank of New York, modified by CoinDesk)
Markets
Gold
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
(Federal Reserve Bank of New York, modified by CoinDesk)
By Will Canny
May 5, 2023 at 11:36 a.m. UTC
May 5, 2023
GoldBitcoinInstitutional InvestmentUSEnforcement
(Getty Images)
Markets
Matrixport
Bitcoin Could Rally 20% to Around $36K: Matrixport
The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said.
(Getty Images)
By Will Canny
May 4, 2023 at 7:02 a.m. UTC
May 4, 2023
MatrixportBitcoin
Coinbase CEO Brian Armstrong (Steven Ferdman/Getty Images)
Finance
Coinbase
Coinbase Faced With Too Much Regulatory Uncertainty, Rating Cut to Neutral: Citi
The bank slashed its price target for the crypto exchange to $65 from $80.
Coinbase CEO Brian Armstrong (Steven Ferdman/Getty Images)
By Will Canny
May 2, 2023 at 12:38 p.m. UTC
May 2, 2023
CoinbaseCitiRegulationAnalyst Ratings
(Shutterstock)
Markets
Bitcoin
Bitcoin Is Poised to Reclaim Crypto’s Spotlight: Berenberg
More investors are recognizing the digital asset as a sensible alternative not only among crypto tokens, but also within a global financial context, the firm said.
(Shutterstock)
By Will Canny
Apr 28, 2023 at 10:59 a.m. UTC
Apr 28, 2023
BitcoinMarkets
(sergeitokmakov/Pixabay)
Markets
Equities
MicroStrategy in Unique Position to Benefit From Rising Bitcoin Price: Berenberg
The bank initiated coverage of the stock with a buy rating and a $430 price target.
(sergeitokmakov/Pixabay)
By Will Canny
Apr 28, 2023 at 10:09 a.m. UTC
Apr 28, 2023
EquitiesMicroStrategyBitcoin
(Shutterstock)
Markets
Bitcoin
Bitcoin Market Impact From Mt. Gox Repayments Will Be Limited: Matrixport
Not all the stolen bitcoin was recovered, so only a fraction of the original amount held by creditors will be compensated, the report said.
(Shutterstock)
By Will Canny
Apr 27, 2023 at 7:52 a.m. UTC
Apr 27, 2023
BitcoinMarketsMt. Gox
(Unsplash, modified by CoinDesk)
Markets
Markets
Declining Bitcoin-Ether Correlation Could Affect Crypto Investors’ Hedging Strategies: Coinbase
From a fundamental perspective, the weaker correlation supports diversification arguments in favor of holding both BTC and ETH, the exchange said.
(Unsplash, modified by CoinDesk)
By Will Canny
Apr 24, 2023 at 7:38 a.m. UTC
Apr 24, 2023
MarketsTradingEtherBitcoinCoinbase