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


Markets

FSInsight: Ether May Well Surpass Bitcoin’s Market Cap in Next 12 Months

If the blockchain’s Merge occurs as planned, the ether issuance rate will drop and daily selling pressure will reduce, the research firm said.

Ether becomes deflationary for the first time since the Ethereum blockchain's software upgrade dubbed the "Merge." (SB7/Shutterstock)

Tech

JPMorgan: Ethereum Miners Face an Abrupt Change Following the Merge

Ethereum Classic miners are likely to be among the main beneficiaries of the shift to proof-of-stake validation, the bank said.

Crypto mining stocks have lost roughly half of their value in the past month. (Sandali Handagama for CoinDesk)

Finance

BofA: Coinbase Exchange Is Well Positioned to Take Market Share During This Crypto Winter

JPMorgan is less optimistic than Bank of America about the company in the near term, saying Coinbase's near-term outlook is “still grim.”

El invierno cripto cambió la composición de los participantes de la industria. (Monicore/Pixabay)

Markets

First Mover Americas: As Bitcoin and Ether Slide, Investors Bet on Ethereum Fork

The latest price moves in crypto markets in context for Aug. 9, 2022.

The hot topic now is the upcoming Merge on the Ethereum network, and specifically, about the possibility of having a forked proof-of-work ETH and a proof-of-stake coin. (Riho Kroll/Unsplash)

Tech

Ethereum Layer 2s Could Take Revenue From the Blockchain as They Become More Competitive: Coinbase

For now, transacting on the base blockchain provides a solution for users who need or value security over speed, the report said.

Layer 2 blockchains could siphon revenue away from Ethereum. (Muhammad Iswahyudi/Pixabay)

Tech

Citi: Ethereum’s Merge Will Have Several Consequences for the Blockchain

Ethereum will probably become deflationary as token issuance decreases while the burn mechanism is maintained, the bank said.

Ethereum's Merge will slow demand for GPUs. (Bradley D. Saum/Shutterstock)

Finance

Bank of America Says Blockchains Have Intrinsic Value, Citing Transaction Fees

The bank's report, however, noted that the fees on the Bitcoin and Ethereum chains have fallen this year.

Blockchain transaction fees are a sign that blockchains have intrinsic value, a Bank of America report said. (Károly Meyer/Pixabay)

Tech

BofA Says Ethereum Needs Scalability Improvements to Hold Its Market Position

Binance Smart Chain, Tron, Avalanche and Solana have taken market share from Ethereum thanks to their greater scalability and lower transaction fees.

Ethereum's Merge will slow demand for GPUs. (Bradley D. Saum/Shutterstock)

Markets

Jefferies Downgrades MicroStrategy to 'Underperform;' Shares Slump

The company holds 129,200 bitcoins, which translates into a $1 billion unrealized loss on its investment due to the fall in the BTC price, a report says.

Executive Chairman MicroStrategy, Michael Saylor (CoinDesk)

Finance

Decentralized Music Streaming Service Audius Shifts Balance of Power, Says Bank of America

Audius moves “power, profits, control and governance from record labels and centralized [platforms] to artists and fans,” the report says.

Bank of America says the music industry is ripe for disruption. (CoinDesk archives)