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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 contract reporter at CoinDesk.

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MicroStrategy Executive Director Michael Saylor (CoinDesk)
Finance
Analyst ratings
MicroStrategy Could Merit S&P 500 Inclusion If It Adopts New Accounting Rules: Benchmark
Early adoption of new accounting standards means the company could report a gain of more than $300 per share for the first quarter and meet the remaining requirement for index...
MicroStrategy Executive Director Michael Saylor (CoinDesk)
By Will Canny
Apr 25, 2024 at 12:48 p.m. UTC
Apr 25, 2024
Analyst RatingsMicroStrategy
Stop sign (Krišjānis Kazaks/Unsplash)
Finance
Stablecoins
Tether's Stablecoin Dominance May Wane Following Proposed U.S. Rules: S&P
The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.
Stop sign (Krišjānis Kazaks/Unsplash)
By Will Canny
Apr 24, 2024 at 3:51 p.m. UTC
Apr 24, 2024
StablecoinsTetherS&PResearch
SEC headquarters in Washington, D.C. (Nikhilesh De/CoinDesk)
Markets
Bitcoin
Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered
The bank reiterated its year-end bitcoin and ether targets of $150,000 and $8,000, respectively.
SEC headquarters in Washington, D.C. (Nikhilesh De/CoinDesk)
By Will Canny
Apr 23, 2024 at 3:32 p.m. UTC
Apr 23, 2024
BitcoinEtherAnalysts
HUT 8 Mining (hut8.io)
Markets
Bitcoin
Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
The broker initiated coverage of the stock with a buy rating and $12 price target.
HUT 8 Mining (hut8.io)
By Will Canny
Apr 22, 2024 at 2:07 p.m. UTC
Apr 22, 2024
BitcoinHut8Mining
Bitcoin miners (Shutterstock)
Markets
Bitcoin
Bitcoin Miners Have Raked in Abnormal Transaction Fees Since Halving: Bernstein
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.
Bitcoin miners (Shutterstock)
By Will Canny
Apr 22, 2024 at 11:51 a.m. UTC
Apr 22, 2024
BitcoinHalvingBernsteinMiners
(Hitesh Choudhary/Unsplash)
Finance
Bitcoin
Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says
Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said.
(Hitesh Choudhary/Unsplash)
By Will Canny
Apr 22, 2024 at 7:54 a.m. UTC
Apr 22, 2024
BitcoinHalvingcrypto minerMiningCoinShares
Globe, World (Kyle Glenn/Unsplash)
Markets
Bitcoin halving
Crypto Markets Will Be Driven by Macro Factors Following the Halving, Coinbase Says
These influences include rising geopolitical tensions, higher interest rates for longer, reflation and ballooning national debts, the report said.
Globe, World (Kyle Glenn/Unsplash)
By Will Canny
Apr 19, 2024 at 12:14 p.m. UTC
Apr 19, 2024
Bitcoin HalvingBitcoinMarkets
(Artem Oleshko/Shutterstock)
Finance
Miners
Bitcoin Miners Are Better Positioned for the Halving This Time Round: Benchmark
Bitcoin's rally in the past six months will help cushion crypto miners from the effects of the 50% cut in their earned rewards, the report said.
(Artem Oleshko/Shutterstock)
By Will Canny
Apr 19, 2024 at 8:50 a.m. UTC
Apr 19, 2024
MinersBitcoin Halving
Bitmain Antminer S19 Hydro mining rigs. (Eliza Gkritsi/CoinDesk)
Markets
Bitcoin halving
Bitcoin Halving Partially Priced In With No Big Rally Expected Afterward: Deutsche Bank
Crypto prices are likely to stay high in anticipation of spot ether ETF approvals, central bank rate cuts and regulatory changes, the report said.
Bitmain Antminer S19 Hydro mining rigs. (Eliza Gkritsi/CoinDesk)
By Will Canny
Apr 18, 2024 at 3:43 p.m. UTC
Apr 18, 2024
Bitcoin HalvingHalving
a cleaver chops a lemon in half
Markets
Bitcoin halving
Bitcoin Likely to Drop After the Halving, JPMorgan Says
The bank’s analysis of open interest in bitcoin futures shows that the cryptocurrency is still considered overbought.
a cleaver chops a lemon in half
By Will Canny
Apr 18, 2024 at 8:38 a.m. UTC
Apr 18, 2024
Bitcoin HalvingMarkets