Fake stocks used for blockchain testing


Fake versions of large company shares are circulating on blockchains as part of an experiment to see if the stock market can be placed on a blockchain, Bloomberg reported.

Mirror Protocol and Synthetix use fake stocks, including Apple, Tesla and Amazon, according to Bloomberg.

Tokens are designed to reflect the prices of the securities they track, although no purchase is made. Crypto enthusiasts see the experience as a further step towards putting more on the blockchain, Bloomberg reported.

In other news, regulators are looking to exert more control over the burgeoning cryptocurrency market, the Wall Street Journal (WSJ) reported.

The problems are that crypto does not have normal protections for investors and consumers, and that there is not a single regulator that reviews crypto in the same way that regulators do for securities or securities. traditional derivatives, according to the WSJ.

Meanwhile, Allied Payments Network, which handles online and mobile payments, is working with NYDIG on new ways for customers to buy, sell and hold bitcoin, according to a press release.

Allied also plans to make new space for bitcoin in its corporate treasury, which NYDIG will facilitate, the statement said.

Allied founder and CEO Ralph Marcuccilli said in the statement that Providing access to bitcoin helps the company “make it easier for financial institutions to deliver value-based technology that differentiates them in the marketplace, attracts new depositors, builds loyalty through high engagement and generates revenue.”

Separately, Binance plans to suspend euro bank deposits from the Single Euro Payments Area (SEPA) network, due to “events beyond our control,” the company said, according to the Financial Times (FT ).

This is the latest in a series of setbacks for Binance, which has seen regulatory crackdowns, FT reported.

SEPA is used to send euros to more than 35 countries in order to harmonize payments in the EU.

Finally, Brazilian federal police launched Operation Daemon, which led to the arrest of four members and an executive of the Bitcoin Banco group, Claudio Oliveira, for alleged involvement in an embezzlement scheme, CoinDesk reported. .

Oliveira is a self-proclaimed “King of Bitcoin”, according to CoinDesk.

The group allegedly embezzled $ 300 million, hurting thousands of investors, CoinDesk reported.

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NEW PYMNTS DATA: STUDY PUTTING LOYALTY AT THE SERVICE OF SMALL BUSINESS – UNITED KINGDOM EDITION

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