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☆ Ava Labs' John Wu discusses impact of FTX collapse nearly one year since implosion
▼ + stars: | 2023-10-17 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAva Labs' John Wu discusses impact of FTX collapse nearly one year since implosionIn a wide-ranging interview with CNBC Crypto World, John Wu, president of Ava Labs, discusses the impact of the collapse of FTX and what has changed since the crypto exchange's implosion. He also weighs in on Binance.US halting U.S. dollar withdrawals.

Persons: Labs, John Wu, Ava Organizations: CNBC, Ava Labs

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance's U.S. affiliate cuts off USD withdrawals: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, John Wu, president of Ava Labs, discusses the impact of the collapse of FTX and what has changed since the crypto exchange's implosion. He also weighs in on Binance.US halting U.S. dollar withdrawals.

Persons: explainers, John Wu, Ava Organizations: CNBC Crypto, CNBC, Ava Labs

☆ This Ugandan earns a bonus for each person he gets to sign up for Sam Altman's eyeball-scanning crypto project
▼ + stars: | 2023-08-24 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

The business-to-business software firm, which has a market cap of $11.5 billion, gave users the option of logging in with their World ID beginning in June. Social media app Discord also uses World ID for verification. But ultimately, the foundation envisions a future where a World ID could be used to facilitate nationwide votes, among other use cases involving banking and e-commerce. Ava Labs president John Wu tells CNBC that the self-custody feature of the Worldcoin ID is also critical. Despite his concerns, Mwangi ultimately chose to enroll in the project because he believed in the wider mission of the World ID.

Persons: Keneth Byarugaba, Byarugaba, Namureba Abel, Abel, Muvya Muthama, Muthama, Sam Altman, Peter Mwangi, I'm, Mwangi, They're, Worldcoin, John Wu, Wu, Ricardo Macieira, Annegret Hilse, hasn't, Byarugaba indoctrinates, it's, isn't, CNBC's Jordan Smith Organizations: Worldcoin, CNBC, cryptocurrency, Social, FBI, Reuters Locations: Uganda, Kampala, Nairobi, Kenya, web3, Chile, Europe, Berlin

☆ Ava Labs' John Wu breaks down the 'many benefits' of tokenization
▼ + stars: | 2023-08-02 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAva Labs' John Wu breaks down the 'many benefits' of tokenizationJohn Wu, president of Ava Labs, weighs in on the Curve Finance hack, privacy concerns related to Worldcoin and regulatory advancements in the United States. He also discusses the launch of a new program focused on tokenization called Avalanche Vista.

Persons: Labs, John Wu, Ava Organizations: Ava Labs, Curve Finance Locations: United States

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGameStop to shut down crypto wallet, citing 'regulatory uncertainty': CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. John Wu, president of Ava Labs, weighs in on the Curve Finance hack, privacy concerns related to Worldcoin and regulatory advancements in the United States. He also discusses the launch of a new program focused on tokenization called Avalanche Vista.

Persons: explainers, John Wu, Ava Organizations: GameStop, CNBC Crypto, CNBC, Ava Labs, Curve Finance Locations: United States

☆ Asian hedge funds piled to China education, U.S. AI shares in Q1
▼ + stars: | 2023-05-16 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

Investors poured money into private tutoring leaders, including New Oriental and TAL Education (TAL.N), that have come through a near two-year crackdown in China on after-school education. Greenwoods also built a new position in TAL Education by acquiring 2.2 million shares. The fund run by ex-Alibaba CTO John Wu bought 2.1 million more shares to boost its stake in the tutoring giant. Share prices of both New Oriental and TAL collapsed over 90% from its peak after Beijing’s ban on K-12 private tutoring. The price of two stocks have doubled from the low point in October after China dropped its strict controls against COVID-19.

☆ Ava Labs on U.S. cryptocurrency regulation and Coinbase lawsuit
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. is 'falling behind everyone else' in creating certainty for cryptocurrency: Blockchain firmJohn Wu of Ava Labs discusses Coinbase's lawsuit against the U.S. Securities and Exchange Commission and the need for "substantive communication" between U.S. regulators and cryptocurrency companies.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rebounds, and bankruptcy judge approves Voyager's restructuring plan: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, John Wu, president of Ava Labs, weighs in on Silvergate's warning it might not be able to stay in business. He also discusses the future of web3 and a new partnership geared toward revolutionizing the gaming industry.

☆ Inside the private meeting at Jack Ma's apartment where he plotted to take on Silicon Valley with a trusted 'ragtag bunch' of early employees
▼ + stars: | 2023-01-24 | by ( Brian A. Wong | ) www.businessinsider.com time to read: +8 min

In one apartment, Jack, Lucy Peng, and a few other leaders worked alongside the firm's engineers. Everyone's enthusiasm flowed from their strong identification with the company's mission and Jack's vision, and if it was part of our mission, all believed, it was certainly achievable. In fact, in time, I would grow to better understand and more deeply embrace Alibaba's mission, vision, and values and the way they motivated our people. That's what Savio Kwan, Alibaba's first COO, did, codifying Jack's ideas into our company mission, vision, and values. Their efforts would form the basis of Alibaba's core mission, vision, and values statement— the guiding force or beliefs for Alibaba's development then and now.

HONG KONG, Dec 19 (Reuters) - Asia's hedge funds are heading for their worst showing in a dozen years, with long-short stockpickers wrongfooted by volatility in China, while macro strategy funds riding big global shifts in interest rates shine. On average, Asian hedge funds fared better than the indexes, losing 9.1% through to end-November, Eurekahedge data showed. By strategy, Asia equity long-short funds lost 12% and Greater China long-short funds lost 14%, while Asia macro funds rose 12% and Asia multi-strategy rose 1%. Big picture macro funds, which trade on economic and political shifts, also performed well, as U.S.-China tension and rising interest rates roiled financial markets. Long positions in U.S. government debt and the Singapore dollar also helped through November when many macro managers were caught out by a sudden drop in the U.S. dollar.

☆ Blockchain firm explains why it still has 'a lot of hope' in crypto
▼ + stars: | 2022-11-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlockchain firm explains why it still has 'a lot of hope' in cryptoJohn Wu of Ava Labs says "even though the crypto capital markets are now slowly becoming less and less liquid … the blockchain technology and the use cases" have continued.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto sell-off rages on as FTX files for bankruptcy and SBF steps down: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, John Wu, the president of Ava Labs, discusses the impact of the FTX bankruptcy on the crypto industry.

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