Morning Post - October 18

headlines

▌Mastercard will help financial institutions provide cryptocurrency transactions

Mastercard has launched a plan to help financial institutions provide cryptocurrency trading services. By acting as a bridge between Paxos and financial institutions, the plan will allow financial institutions to provide cryptocurrency transactions to their users to enhance users' confidence in cryptocurrencies. Mastercard said the program will follow encryption compliance rules, verify transactions and provide anti-money laundering and identity monitoring services.

policy

▌French Finance Minister: The tax treatment of cryptocurrencies will be explored next year

French Finance Minister Bruno Le Maire said in an interview on Monday that France wants to become the world's leading blockchain center. Therefore, France will review its encryption tax rules next year, explore the tax treatment of cryptocurrencies, and will not simply Copy an existing stock specification. Le Maire also expressed concern about the energy consumption generated by the crypto industry and the potential for blockchain technology to crowd out the euro.

cryptocurrency

▌Bloomberg: US CFTC and SEC are in-depth investigation of Three Arrows Capital

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) are currently investigating Three Arrows Capital to determine whether the firm violated rules by misleading investors about its balance sheet, according to two people familiar with the matter. or, and is not registered with both regulators. Both agencies declined to comment, but their reviews could lead to fines and other penalties for companies and individuals. As previously reported, Singapore-based Three Arrows filed for bankruptcy in July, saying its business “collapsed after the sharp volatility in the cryptocurrency market.” Three Arrows co-founders Su Zhu and Kyle Davies are still missing, leading to the bankruptcy case. The liquidators and their lawyers could not be traced, and the liquidators applied to the court for service of subpoenas on their email addresses, their Twitter accounts and their lawyers' email addresses.

▌Three Arrows Capital liquidator seeks to subpoena co-founders Su Zhu and Kyle Davies in other ways

Liquidators in the Three Arrows Capital bankruptcy are seeking authorization to serve subpoenas on the firm's co-founders Su Zhu and Kyle Davies by other means, according to a court document filed Friday. Since the two are missing, the liquidators and their lawyers have been unable to track them down, requiring the court to be able to serve subpoenas on email addresses, Twitter accounts and lawyers' email addresses. As previously reported, Singapore-based Three Arrows Capital filed for bankruptcy in July, citing “extreme volatility” in the cryptocurrency market.

▌Aptos Labs announced the launch of its blockchain mainnet Aptos Autumn

Aptos Labs announced on Monday the launch of its blockchain mainnet Aptos Autumn. The blockchain code is written based on Move, a Rust-based programming language. Move smart contracts can be upgraded and support the safe evolution of all Aptos applications. The current Aptos blockchain utilizes the latest iteration of Aptos BFT (version 4), and development of Aptos BFT version 5 is already underway and will be released in a future upgrade. While Aptos Labs has announced the launch of its network, its ecosystem is far from complete. It was previously reported that after receiving US$200 million in financing led by a16z, the Aptos project has attracted much attention from the industry. Previously, in July, Aptos completed a US$150 million Series A financing led by FTX Ventures and Jump Crypto and participated by Binance Lab. The second round of financing set the company's valuation at US$2 billion. Four times the previous valuation.

▌Walmart CTO: Cryptocurrency will become an important part of the way customers trade

Suresh Kumar, chief technology officer of retail giant Wal-Mart, spoke at the Yahoo Financial Markets Summit, saying that he envisions a future where digital assets will be used in Wal-Mart’s online store and in the virtual world, and cryptocurrencies will become an important part of how customers transact. He said: "We want to make sure it's friction-free for customers so they can get value out of it." Suresh Kumar also said that Walmart has integrated the use of blockchain technology into the core of crypto assets and developed a system that allows retailers to track the products they sell and the provenance of the products. The company is also exploring the use of blockchain technology as a way to automate logistics transactions between suppliers and carriers.