Fitbit has voluntarily recalled more than a million of its Ionic smartwatches after some consumers reported burns from overheating batteries in the devices, which track activity, sleep and heart rate, the company and the U.S. Consumer Product Safety Commission said Wednesday. While that model hasn’t been produced since 2020, the recall highlights some of the persistent challenges of creating...
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News Analysis crypto
The Best- and Worst-Case Scenarios for Coinbase
The Securities and Exchange Commission’s lawsuit against Coinbase today, alleging a wide range of securities violations, kicks off what will likely be a yearslong legal battle that holds the key to Coinbase’s future. If the SEC wins, it will be all but impossible for the crypto giant to do business in the U.S. The SEC alleges that Coinbase has been operating an unregistered...
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