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☆ 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

☆ Cryptocurrencies fall to begin August, bitcoin dips under $29,000
▼ + stars: | 2023-08-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ether , which has joined bitcoin in recent months as a sort of large cap, blue-chip trade in crypto, was down by 1.4%, after finishing July down by 3.35%. It was under extra pressure due to a recent exploit in DeFi giant Curve, however. Whenever investors hear the word hack ... it puts the whole crypto market on the backfoot and that's what's happening here," Gilbert said. Bitcoin volumes have also dropped significantly from their recent highs and have failed to reclaim them despite the price of bitcoin showing so much resilience this year. "When bitcoin heads south so do most altcoins ... and they're selling off a little bit further given what we're seeing with Curve."

Persons: bitcoin, Josh Gilbert, Altcoins, Ripple's, XRP, Aave, We've, Gilbert Organizations: Metrics, SEC, Binance, Solana, Polygon's, Finance, ERC, Blackrock ETF Locations: DeFi, Blackrock

☆ Crypto stocks dip after bitcoin slumps to six-week low
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Shares of cryptocurrency and blockchain related companies fell in premarket trading on Tuesday, as bitcoin hit a six-week low following a hack at Curve Finance, a platform where users can borrow and trade in crypto. Bitcoin, the world's biggest cryptocurrency, fell about 2% to $28,870. Curve Finance was the victim of a hack, the company posted on messaging platform X, formerly known as Twitter, on Sunday. Crypto miners including Riot Platforms (RIOT.O), Marathon Digital (MARA.O) and U.S.-listed shares of Canada's Hut 8 Mining declined between 3% and 3.35%. The crypto industry is at a crucial juncture, with two of the biggest industry players - Binance and Coinbase - under fire from the U.S. Securities and Exchange Commission.

Persons: Pritam Biswas, Krishna Chandra Organizations: Finance, U.S . Securities, Exchange Commission, U.S . Federal, Thomson Locations: Canada's, Bengaluru

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