Coinbase Stock Up 0.84%: ARK Investment Buys $8.6M Shares

• Paradigm files amicus brief in SEC’s lawsuit against Terra, Do Kwon
• Multiple Genesis Capital creditors walk away from agreement – DCG responds
• Over 13K people mint Coinbase commemorative ‘stand with crypto’ NFTs and ARK Investment buys Coinbase shares worth $8.6M

SEC Lawsuit Against Terra, Do Kwon

Paradigm has filed an amicus brief in the U.S Securities and Exchange Commission’s (SEC) lawsuit against tech entrepreneur Do Kwon and his blockchain startup Terra. The goal of the legal action is to bring clarity on whether or not tokens associated with the firm can be classified as securities under federal regulations.

AI Transforming Entertainment & Blockchain Potential

Avengers director Joe Russo and Epic Games executive Mark Rein have both weighed in on how artificial intelligence (AI) will transform entertainment. They believe that blockchain technology will also play a role in changing how content is created and consumed. In addition, Rein believes that it could help creators get paid fairly for their work by decentralizing the distribution of funds generated from different projects.

Multiple Genesis Capital Creditors Leave Agreement

Multiple creditors of Genesis Capital have decided to walk away from their agreement with Digital Currency Group (DCG). This has prompted a response from the latter which stated that they are disappointed by this decision but remain committed to protecting their partners‘ interests. In addition, they are currently reviewing all options available to them in order to resolve this situation as quickly as possible.

Coinbase Commemorative ‚Stand With Crypto‘ NFTs

Over 13,000 people have minted Coinbase’s commemorative non-fungible token (NFT), „Stand With Crypto,“ since its launch last week. The digital art piece was designed by artist @Majesco_xo and represents the spirit of unity among cryptocurrency users across the globe who support decentralized finance (DeFi) initiatives such as Bitcoin and Ethereum networks. It also serves as a call-to-action for more people to join the movement and stand up for their rights against institutional censorship or manipulation of markets by large financial institutions or governments.

Old Wallets Activate & Fears of Mass Hack Targeting Bitcoin Veterans

Recently old wallets began activating which sparked fears of a mass hack targeting Bitcoin veterans who may have lost access to their accounts over time due to forgotten passwords or keys being misplaced or destroyed during house moves etc.. However, these fears were eventually put to rest when it was found out that these wallets were reactivated due to developers testing new features on older versions of software before releasing them into production systems for public use.

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