Thu. 03/23 – Coinbase Wells Notice

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 23 March 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Coinbase got a Wells Notice, which is not good. Hindenburg research has a new note out and is making short run on Block, which is not good. Apple might expand its sports streaming and release more things in actual theaters. And the space startup that 3d prints its own rockets. Sponsors: Thuma.co/techmeme for a $25 credit Links: Coinbase warned by SEC of potential securities charges (CNBC) SEC charges Tron founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations (CNBC) Jack Dorsey’s Block Falls After Hindenburg Says It’s Short the Stock (Bloomberg) Hindenburg takes aim at Dorsey's payments firm Block; shares plunge (Reuters) Apple Considers Bidding for English Football Streaming Rights (Bloomberg) Apple to Spend $1 Billion a Year on Films to Break Into Cinemas (Bloomberg) Canva Launches ‘Magic’ AI Tools For Its Design Software’s 125 Million Users (Forbes) Chatbot Start-Up Character.AI Valued at $1 Billion in New Funding Round (NYTimes) Relativity Space’s first launch fails to reach orbit, but proves its 3D-printing rocket tech works (TechCrunch) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Right Home for Thursday, March 23rd, 2023.
0:07.7	I'm Brian McCullough today.
0:09.2	Coinbase got a Wells notice, which is not good.
0:12.4	Hindenburg Research has a new note out and is
0:14.7	making a short run on block which is also not good. Apple might expand its
0:18.8	sports streaming and release more things in actual theaters and the space startup that 3D prints its own rockets.
0:25.0	Here's what you miss today in the world of tech.
0:30.0	Huge news in crypto land.
0:34.7	Coinbase says it received an SEC notice warning the exchange of
0:39.3	potential US securities law violations that could lead to enforcement actions. The stock of course
0:45.1	has plunged on this news, quoting cambec. The Securities and Exchange Commission
0:49.7	issued crypto exchange coin-based a's notice warning the company that it
0:54.1	identified potential violations of US securities law.
0:57.4	Coinbase shares fell nearly 12% in extended trading after the news broke on
1:00.6	Wednesday adding to an 8.16% drop during regular trading hours.
1:05.0	Based on discussions with the staff, the company believes
1:09.0	these potential enforcement actions would relate to aspects of the
1:12.0	company's spot market, staking service,
1:14.7	coinbase Earn, coinbase Prime, and coin base wallet.
1:18.0	coinbase said in a regulatory filing, the potential civil action may seek injunctive
1:22.2	relief,
1:23.0	disgorgment, and civil penalties."
	...

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