Tech Brew Ride Home Wed. 09/08 – Coinbase Tussles With The SEC?
Sep 8, 2021
Coinbase faces a potential lawsuit from the SEC over a new crypto lending product. El Salvador is making headlines by buying Bitcoin as it prepares to make it legal tender. Ford hires a top executive from Apple's car project, hinting at competitive sparks in the automotive sector. Microsoft and PayPal make waves with significant acquisitions, while Amazon expands its cashierless technology. Plus, Lenovo unveils exciting new laptops, aiming to challenge Apple's dominance!
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Coinbase vs. SEC
- The SEC threatened to sue Coinbase over its Lend program, despite discussions.
- This highlights the regulatory uncertainty surrounding crypto lending products.
Bitcoin in El Salvador
- Bitcoin's launch as legal tender in El Salvador faced technical difficulties.
- Demand overwhelmed the Chivo wallet, causing temporary disruptions and price fluctuations.
Ford Hires Apple Executive
- Ford hired Doug Field, a key executive from Apple's car project.
- This raises questions about the future of Apple's automotive ambitions.