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The global Covid-19 vaccination campaign, the largest in history, has seen great triumphs and tragic failures. This is the inside story of how the worldwide battle to end the pandemic took shape.
India’s Biggest Privatization Shelved for Now as Bidders Exit
Is This What an Inflation Apocalypse Looks Like? Here’s What the Data Show
Covid-Testing Unicorn Is Plotting Bets for Post-Virus World
Ransomware Attackers Get Short Shrift From Zambian Central Bank
Hong Kong Telco HKBN Is Said to Draw Interest From KKR, PAG
Sunak Says Business Tax Cuts to Help Fight Cost-of-Living Crisis
Why Sweden’s Stance on Kurds Riles Turkey’s Erdogan
Young Workers Are Telling Each Other How Much They Make to Get Pay Hikes
Hedge Fund Hell: How the Tech Crash Is Clobbering the Tiger Cubs
Tracy Letts on Writing His Play And Then Having to Act in It
Chicken Wings for $34? Pent-Up Inflation Will Drive US Food Costs Even Higher
This Crypto Winter Will Be Long, Cold and Harsh
The Best Gift for College Graduates Is Help With Retirement
We’re Giving Elon Musk Too Much Attention
Walking or Biking to Work Could Make You More Productive
Used Cars Become an Expensive Problem for Online Dealers Like Carvana
UK Fans Worry American Owners Will Tarnish Their Football
The Hill Reporters Petition to Unionize Their Newsroom
US Soccer Equalizes Pay for Men and Women in Milestone Agreement
African Money Transfer Startup Inspired by Grandma Seeks Capital
Climate Change Is Making India and Pakistan Heat More Intense
Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer
Architects Draft a New Blueprint for a Labor Movement
A Photographer’s Mission to Write Asian Americans Back Into History
Here’s How to Get Infrastructure Funds to Smaller Cities
Stablecoin Giant Tether Loses Ground to Rival Circle on Redemptions
Twitter Suspended His Account. Then He Launched a Competing Network
MicroStrategy’s Bitcoin Timing Shows a Spotty Scorecard
Crypto proponents revel in the sector’s ups and downs but the ride can be jarring.
Photographer: SeongJoon Cho/Bloomberg

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Emily Nicolle gets cyclical:
Every market goes through peaks and troughs, but to crypto acolytes, the downdrafts are necessary correctives that can propel the sector to new heights. Unfortunately for them, the larger the industry grows, the less likely investors — or regulators — will tolerate this boom-and-bust philosophy.


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