Tech Brew Ride Home Thu. 03/23 – Coinbase Wells Notice
Mar 23, 2023
Coinbase faces a challenging situation with a Wells Notice from the SEC, raising concerns about its future. Meanwhile, Block's shares took a hit due to Hindenburg Research's allegations, shaking up the payments sector. Apple is eyeing a deeper dive into sports streaming while also ramping up its cinematic ambitions with substantial investments. Creativity gets a boost as Canva rolls out groundbreaking AI design tools. Plus, Relativity Space showcases its innovative 3D-printed rocket, achieving a significant milestone despite a few hiccups.
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Coinbase Receives Wells Notice
- Coinbase received a Wells notice from the SEC, signaling potential securities law violations.
- This could lead to enforcement actions and impact various Coinbase services.
SEC Targets Crypto Influencers
- Celebrities like Lindsay Lohan and Jake Paul settled SEC charges for undisclosed crypto promotion.
- This highlights the SEC's crackdown on crypto and influencer marketing practices.
Hindenburg Research Shorts Block
- Hindenburg Research shorted Block, alleging inflated user counts and understated acquisition costs.
- This news caused Block's shares to drop significantly in pre-market trading.