El Salvador aims to avoid default with $1.6 billion bond buyback as the nation caps off its first year with bitcoin as official currency

President of El Salvador Nayib Bukele Rolan Barrientos/APHOTOGRAFIA/Getty Images El Salvador said Tuesday it will buy back $1.6 billion in sovereign bonds to avoid default. Bitcoin-bull President Nayib Bukele tweeted that he would ensure the nation has the available funds to make bond purchases.  Since the Central America nation adopted bitcoin as legal tender last…

3 Retail & Ecommerce Trends to Watch in 2022

The pandemic and changing consumer preferences have fundamentally altered the payments & commerce ecosystem, and retailers and brands will need to adapt to retain fickle consumers. The companies that continue to digitize the shopping journey, while promoting sustainability and reducing friction, will win in 2022. As the new year is starting, we’ve compiled three trends…

Pentagon is prepared to protect Pelosi with fighter jets and ships if she visits Taiwan after China warned her not to, report says

Speaker of the House Nancy Pelosi (center) leaves her weekly news conference accompanied by staff and security. Chip Somodevilla/Getty Images House Speaker Nancy Pelosi is tentatively planning to travel to Taiwan in August. China has repeatedly warned against the trip and threatened military action if it goes ahead.  US officials told the AP the DOD would…

Cathie Wood’s funds dumped Coinbase stock for the first time in 2022 as the SEC launched a probe into the crypto platform’s business activities

Cathie Wood’s flagship fund is the ARK Innovation ETF. David Swanson/Reuters Funds run by tech investor Cathie Wood sold 1.41 million shares in Coinbase on Tuesday.  The transactions took place as news of an SEC probe into the crypto trading platform had emerged.   The shares were worth about $75 million as of Tuesday when Coinbase…

Spotify’s Car Thing player is no longer a thing

Spotify’s less-than-stellar quarter can be partly blamed on a decision to exit the hardware business. As part of its earnings data, the streaming service revealed that it stopped manufacturing its Car Thing player. In a statement to Engadget, a company spokesperson pinned the decision on “several factors” that included customer demand and supply chain problems….