Bloomberg Bitcoin’s tendency to move in tandem with technology stocks means the biggest cryptocurrency may slump to $30,000 by June, according to Arthur Hayes, the co-founder of crypto trading platform BitMEX. Hayes, in a blog post on Monday, also said the same dynamic could drive Ether to $2,500. The tokens traded at around $42,300 and $3,180, respectively, at 12:43 ...

  DUBAI / WAM The 1 Billion Meals initiative, the largest food donation drive of its kind in the region, has collected 76 million meals within just six days. Organised by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), the initiative provides food support to the underprivileged and the undernourished in 50 countries around the world, especially vulnerable groups of ...

Bloomberg Oil retreated for a second week in the wake of plans for massive stockpile releases, a demand-sapping virus outbreak in China and a hawkish turn from the US Federal Reserve. West Texas Intermediate fell 1% this week, with the US benchmark giving back most of its gains since Russia invaded Ukraine in late February. Oil rallied to the highest ...