Fri. 08/16 - Coinbase says all your bitcoin base are belong to us

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 16 August 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Coinbase says all your bitcoin base are belong to us, Apple sues a “virtualization” company, was Amazon offering vendors a pay to play scheme with Amazon Choice, and, as always, the weekend longreads suggestions. Sponsors: Metalab.co MacStadium.com/ridehome Links: Exclusive: Coinbase Buys Xapo Custody for $55 Million, Eyes Lending Business (Fortune) Apple Files Lawsuit Against Virtualization Company Corellium for Illegally Replicating iOS and Apple Apps (MacRumors) Amazon offered vendors ‘Amazon’s Choice’ labels in return for ad spending and lower prices (Digiday) YouTube shuts down music companies' use of manual copyright claims to steal creator revenue (TechCrunch) Weekend Longreads Suggestions: Weird gadgets that are actually really useful (ZDNet) Trump Tumult Has Gadget Giants Splitting Along U.S.-China Lines (Bloomberg) THREE YEARS OF MISERY INSIDE GOOGLE, THE HAPPIEST COMPANY IN TECH (Wired) WEWORK ISN’T A TECH COMPANY; IT’S A SOAP OPERA (The Verge) WeWTF (ProfGalloway.com) Elon Musk’s Neuralink: Both an evolution and a plan for radical change (Ars Technica) SpaceX’s First Astronauts Train Up for Space, but Crew Dragon Faces Delays (Inverse.com) HOW A 'NULL' LICENSE PLATE LANDED ONE HACKER IN TICKET HELL (Wired) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Tech Mem Right Home for Friday, August 16th, 2019. I'm Brian McCullough.
0:10.0	Today, Coinbase says all your Bitcoin base are belonged to us.
0:15.0	Apple sues a virtualization company.
0:17.8	Was Amazon offering vendors a pay-to-play scheme
0:20.6	with Amazon Choice, and as always always the weekend long reads suggestions.
0:25.0	Here's what you miss today in the world of tech.
0:30.0	Coinbase has acquired the custody business of Zappo, not Zappo itself, just its custody business.
0:40.0	Now you probably think you've never heard of Zappo. Actually you probably have they're best
0:45.7	known for storing Bitcoin's in an actual real vault, i.e. an actual real vault under a Swiss mountain.
0:55.0	Coinbase has been aggressively moving into custody services recently.
1:01.0	Again, you know, actually holding crypto assets. And given the amount of
1:05.7	crypto assets Zappo has under that mountain, over seven billion dollars worth, this
1:12.3	acquisition could result in
1:13.8	coin base eventually being responsible for storing over 5% of all
1:18.6	Bitcoin's in circulation. Rumors are that Coinbase outbid fidelity for Zappo's custody services.
1:28.7	Fortune snagged an interview with CEO Wencesesiziz Cesareesars says saysars said other firms placed higher bids for
1:36.3	Zappos custody business than the one from coin base but those bidders
1:39.2	lacked the security or regulatory credentials to be acceptable to Zappa's clients.
1:45.0	Among those clients was Grayscale investments which manages Bitcoin and other crypto investments in trust for wealthy customers.
1:52.0	In early August, Grayscale transferred over 225,000
1:56.4	Bitcoin's worth about 2.7 billion in assets to coin-based custody, one of the largest
2:01.2	crypto transactions in history.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Amalgamated Internets, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Amalgamated Internets, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.