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Coinbase is facing a US Securities and Exchange Commission (SEC) probe into whether it allowed users to trade digital tokens that should have been registered as securities, Bloomberg has reported. Coinbase, involved indirectly in another probe by the SEC and state of New York, recently caught the regulator's eye after expanding the number of tokens it offers for trading. 

After taking a conservative approach to listing cryptocurrencies, Coinbase now lets Americans trade more than 150 tokens, according to Bloomberg. If any of those are considered to be securities, it would need to register as an exchange with the SEC. A token is considered to be a security if it involves investors putting up funds for a company in order to profit from the work of its leadership.

Last week, the commission accused a former Coinbase employee of violating insider-trading rules by helping his brother and a friend buy dozens of different types of tokens before they were listed on the platform. Coinbase itself wasn't accused of any wrongdoing, but the SEC said it considered nine of the dozens of digital tokens traded by the men to be securities, including seven listed by the exchange. 

In a response by chief legal officer Paul Grewal, Coinbase said that it "does not list securities on the platform. Period." As evidence of that, it said that the US Department of Justice "reviewed the same facts [as the SEC] and chose not to file securities fraud charges against those involved." 

Coinbase has previously complained that there's no regulatory framework for digital asset securities. As it happened, the company filed a petition for rule making to clarify those rules just before the SEC filed charges. "Instead of crafting tailored rules in an inclusive and transparent way, the SEC is relying on these types of one-off enforcement actions to try to bring all digital assets into its jurisdiction, even those assets that are not securities," Grewal wrote. 

Ahead of its upcoming Galaxy Unpacked event in August, Samsung is unveiling a new color variant of the flagship S22 it launched earlier this year. Called "Bora Purple" after the Korean word for purple, the new hue will be available only for the smallest S22, not the Plus and Ultra versions, though Samsung said the color will launch on "exciting new Galaxy devices later this year." You'll be able to buy the Bora S22 on August 10th for the same $800 as the original model, which also comes in violet, green, pink, white and black. 

We've seen Samsung launch purple gadgets before, like the "Orchid Gray" Galaxy S8, "Lilac Purple" Galaxy S9 and the lavender Z Flip 3. The S22 series itself is already available in violet, but the Bora edition's contour cut camera housing is color-matched to the rest of the phone, while this part on the older handset is gold. 

Samsung's obsession with the color purple is evident in the press release it issued to announce the launch of Bora. "[P]urple is for everyone, whether you’re a global pop sensation, someone with a playful sense of style or a teen who wants to stand out from the crowd," the company wrote. "In that sense, the purple stands for the same things as Samsung Galaxy: embracing diversity, pushing boundaries, and relentlessly innovating under the philosophy of openness."

The company's executive vice president and head of marketing Stephanie Choi also said in the statement “With its pastel and neutral tones, Bora Purple embodies optimism and a sense of calm. It will unfold your world with the power of choice." Choi added “You don’t need to be a K-pop star or a mythical creature to embody mystery or power, you just need to be yourself." 

That is all technically true, with or without a purple phone. During my brief hands-on with the new Bora S22, I did not feel like a K-pop star or a mythical creature. I did not feel like I embodied mystery or power. I did not feel more optimistic or calm, though the phone is indeed quite pretty.

We're expecting Samsung to launch five new Galaxy products next month, including the next-generation Z Fold, Z Flip, Watch and Buds. Judging by the hint in today's announcement, it's likely that Bora Purple will be a launch color for these devices. 

Sometimes the headline says it all: A chess-playing robot accidentally broke the finger of its seven-year-old opponent during an exhibition match in Moscow. The child apparently moved his piece too soon, and the robot grabbed his finger and squeezed it, resulting in a fracture.

A video shows the robot grabbing the boy's finger and holding it for several seconds before a group of people come to free him.

The boy competed the next day, finishing the tournament. His parents, however, have reportedly contacted the public prosecutor's office. Russian chess official Sergey Smagin downplayed the incident, calling it "a coincidence" and saying the machine was "absolutely safe." Which I’m not sure is true.

— Mat Smith

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Anker's third-gen GaN chargers have improved temperature monitoring

The initial line-up of GaNPrime devices: 5 products and a power bank.

Anker has revealed its third-generation gallium nitride (GaN) chargers, barely a year after the previous batch. The company is branding the new line-up of power bricks and portable chargers as GaNPrime. Anker said it worked with several partners to create products that last longer and are more sustainable. It claims GaNPrime is the "most intelligent, most powerful and greenest multi-device charging system ever created."

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Intel strikes a deal to manufacture MediaTek’s chips

Its foundries will add 'significant capacity' for MediaTek in North America and Europe.

Intel and MediaTek have formed a strategic partnership to build chips. The aim is to ensure MediaTek has a "more balanced, resilient supply chain," with added capacity in the US and Europe. It looks like Intel won’t be building chips for smartphones but for less glamorous devices used in industrial computing, medical devices and internet-of-things applications.

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The NFL+ streaming service arrives today starting at $40 per year

It's more affordable than Game Pass but has some viewing restrictions.

NFL

NFL+ gives you access to live football streams and ad-free library content through the NFL App and the web, starting at $40 per year or $5 per month. Spend $80 per year or $10 per month on NFL+ Premium and you also get ad-free match replays. There are some catches, however. While you'll have live audio for every game regardless of device, live video is only available for live local and primetime games on phones and tablets — you can't use this to watch a playoff run on your TV.

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Google marks Play Store's 10th birthday with a new logo

A matching promo offers extra points for rewards program members.

Google

To celebrate its 10-year anniversary, Google is… unveiling a new logo. No, no free games or trials, but you can get extra points if you’re signed into the app store’s rewards program. Which apparently exists.

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Funko moves into video games with former Traveller's Tales developers

The vinyl figurine company and 10:10 Games are making an action platformer.

Funko

Funko, which is best known for its Pop vinyl figurines, is about to venture into new territory. It's making video games with the help of developer 10:10 Games. The studio is led by Jon Burton, the founder of Traveller's Tales and TT Games. Funko says its first game will have "major third-party studio integration," which probably shouldn't be a big shock given the high-profile licensing deals.

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Meta is putting its considerable weight behind the tech industry's push to do away with the leap second. In a post on the company's engineering blog, Meta production engineer Oleg Obleukhov and research scientist Ahmad Byagowi talked about how a leap second can wreak havoc on a network, along with the solution Meta implements to prevent outages and any issues it could cause. 

The leap second was introduced back in 1972 as a way to adjust Coordinated Universal Time (UTC) and make up for the difference between the International Atomic Time (TAI), which is measured by atomic clocks, and imprecise observed solar time (UT1). They sometimes don't match due to irregularities and slowdown in the Earth's rotation caused by various climate-induced and geological events, such as the melting and refreezing of ice caps on the tallest mountains.

As Obleukhov and Byagowi note, the offset a leap second creates can cause issues all over the industry. In 2012, for instance, it took Reddit out for 40 minutes when the time change confused its servers and locked up its CPUs. A time leap added in 2017 also affected Cloudflare's DNS service.

To prevent unwanted outages, Meta and other tech companies, such as Google and Amazon, use a technique called "smearing." These companies "smear" a leap second by slowing down or speeding up the clock throughout a number of hours. Meta smears a leap second throughout 17 hours, while Google uses a 24-hour smear technique that lasts from noon to noon and encourages everyone to follow suit. That way, a leap second doesn't create any weird time stamps that could throw networks off.

But Meta isn't advocating for the adoption of its smearing technique — its new post's purpose is to lend its voice to the movement that's calling for the leap second's retirement. The body responsible for deciding whether to adjust UTC, the International Earth Rotation and Reference Systems Service, has added 27 leap seconds since 1972. Meta believes that's enough adjustment for the next millennium.

The company's post comes over a year before the fate of the leap second is decided. Back in 2015, the International Telecommunications Union discussed the leap second at its World Radiocommunication Conference and came to the conclusion that further studies are needed to figure out the impact of dumping it. The union is expected to examine the studies' results and to consider the proposal to retire the leap second at its next conference in 2023.

Meta said in its post:

"Leap second events have caused issues across the industry and continue to present many risks. As an industry, we bump into problems whenever a leap second is introduced. And because it’s such a rare event, it devastates the community every time it happens. With a growing demand for clock precision across all industries, the leap second is now causing more damage than good, resulting in disturbances and outages."

After hiking US Prime prices earlier this year, Amazon is doing the same across Europe. According to emails received by Engadget staffers and a Reuters report, it's raising the cost of Prime in the UK from £79 to £95, in France from €49 to €69.90, in Spain and Italy from €36 to €49.90, and Germany from €69 to €89.90. 

Those increases are the first in several years and quite significant, ranging from 20 percent in the UK to 43 percent in France. Amazon cited "increased inflation and operating costs" along with faster delivery and more streaming content to justify the rises. "We will continue to focus on making Prime even more valuable for members" via faster deliveries, more streaming content and more, the company's UK branch wrote in an email. 

Last quarter, Amazon lost money for the first time since 2015 due to slowing growth and higher costs, following a huge boom during the pandemic. The company also took a hit due to its investment in electric pickup truck maker Rivian. It vowed to increase productivity during its last earnings report, but is facing a federal probe over the required pace of work and other potential warehouse hazards. 

Logitech has launched the Aurora Collection, a line of "gender-exclusive" gaming accessories including a mouse, keyboard and headset. The devices are built around "comfort, approachability and playfulness" based on "feedback from women gamers across the community," the company said. They have all-new designs and some interesting features, but also carry high prices suggestive of a "pink tax" on products designed for women.

The G735 wireless headset is a good example of that. It's Logitech's first G gaming headset with Blue VO!CE microphone tech that helps modulate your voice, while letting you save preferred settings directly on the headset. It also promises comfort for gamers with smaller heads, 2.4Ghz wireless connectivity and up to 56 hours of battery life with the side LEDs turned off. However, it's very expensive for a gaming headset at $230, compared to say Logitech's high-end $200 Pro X headset with similar features. 

Logitech

The wireless and wired $200 G715 and $170 G713 tenkeyless keyboards offer per-key and perimeter RGB lighting and a choice of GX mechanical switches (tactile, linear or clicky), along with a cloud-soft palm rest. The G715 can connect via Bluetooth or a 2.4Ghz dongle, and offers around 25 hours of battery life on a charge. 

Finally, the $100 G705 lightweight (85 gram) wireless mouse is specifically designed for players with small hands. It comes with an 8,200 DPI "gaming-grade" sensor, offers battery life up to 40 hours with the LEDs enabled, and can connect to the G715 keyboard to avoid clutter. 

On top of the devices, Logitech is offering accessories we don't see with many of its other gaming products. Those include pink or neon boom mics with earpads for $20, keyboard top plates ($20) and colored keycaps ($40). It's also offering $30 mousepads and a $40 case for the G735 headset and G705 mouse. 

Logitech said that when it looked at its gaming products, "we realized we could be doing more" in terms of delivering solutions for all gamers. In one way, it has certainly achieved that considering the $500 price tag for the entire collection. If it really wants to expand its offerings for more players, though, it may need to expand its Aurora lineup with more budget-oriented products that match the quality and prices of its standard offerings. 

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Back in February, Faraday Future presented the production version of its FF91 electric SUV at its California plant and said it would start manufacturing its long-delayed vehicle in the third quarter of 2022. Now, according to Bloomberg, the embattled company has revealed in a filing for investors that it has to push back the EV's production yet again and that it needs more cash for its commercial launch. 

Apparently, the company said it has to delay FF91's deliveries to the "third or fourth quarter of 2022." Seeing as the third quarter has already started, it's now likely aiming for late Q3 — that said, the fourth quarter seems more likely, and that is if Faraday Future's plans finally go as intended. Especially since it also has to find the money needed to keep running: The company also told investors that it needs additional cash to launch the FF91 and that it's looking to raise around $325 million to fund its operations until December 31st, 2022. 

Faraday Future was founded in 2014 and planned to launch its first electric vehicle way back in 2018. It's had to postpone launching its EV several times over the past years as it grappled with a litany of financial issues. The company almost ran out of cash in 2017 until a company called Season Smart, which was later acquired by Chinese company Evergrande, agreed to invest $2 billion in it. Faraday Future quickly burned through Season Smart's $800 million initial cash injection, though, and it spent 2018 feuding with its main investor. 

While it reached a restructuring deal with Evergrande by the end of 2018, it wasn't able to secure enough money to bring back the employees it put on unpaid leave. The company also had to give up on its plans to build a factory in Las Vegas and put up the 900-acre plot for sale for $40 million. Faraday went public in a merger with a blank-check company back in 2021, but it looks like that wasn't enough to solve its financial woes.

As Bloomberg notes, the delay comes in the midst of an issue between the company and its founder, Jia Yueting, who stepped down as CEO in 2019 as part of the company' restructuring deal. Apparently, a shareholder group associated with Yueting offering Faraday Future "at least $100 million" to remove an unnamed director from the startup's board. The company reportedly pushed back, and the group accused it of not treating the offer "with the gravity, urgency and fairness it deserves" considering Faraday's financial condition. 

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Apple and Koss have ended their feud over wireless headphone patents shortly before trial. As Reutersnotes, the two told a Waco, Texas-based federal court on Saturday that they had reached a settlement over Koss' claims Apple had infringed on patents for wireless audio technology. The terms of the settlement haven't been disclosed, but the two firms said they made peace on "all matters in controversy." The trial was supposed to have started today.

Koss sued Apple, Bose, JLab, Plantronics and Skullcandy in 2020 over allegations wireless earbuds and headphones like AirPods were copying technology from the Striva line of WiFi audio devices. In filing the lawsuit, Koss argued that rivals were "catching up" to its early work and needed to pay compensation. Apple countersued, arguing that Koss' patents were invalid.

Lawsuits against Bose, Skullcandy and others are still pending. While it's unclear if those cases will move forward in light of this settlement, there's little doubt that Apple and Koss were eager to avoid a courtroom fight.

We've asked Apple and Koss for comment and will update if we hear back.