FATF's Libra warning / BCH token on Binance / US Senator supports Libra

Inside Bitcoin presented by DataStax.

Presented by Subscribe | View in browser Market Watch: Market prices are down today, with Bitcoin falling below the $8,000 mark. Some suggestions indicate that it could fall even lower to $7,430. Bitcoin: $7,958 (⬇️ 1.62%) // $143.2 billion market cap. Ethereum: $172 (⬇️ 2.44%) // $18.6 billion market cap. XRP: $0.291 (⬇️ 1.47%) // $12.6 billion market cap. Tether: $1 (⬇️ 0.03%) // $4.1 billion market cap. Bitcoin Cash: $214 (⬇️ 2.24%) // $3.8 billion market cap. Top 100 Winner: SOLVE: $0.106 (⬆️ 31.62%) // $35 million market cap. Top 100 Loser: 0x: $0.303 (⬇️ 6.30%) // $182 million market cap. Prices are as of 11:55 a.m. EDT.       1. The Financial Action Task Force (FATF) has said that the rise of cryptocurrencies such as Facebook's Libra could hinder efforts to prevent money laundering and terrorist financing. The global watchdog on illicit finance made their comments today. According to them, if stablecoins become more widespread, they could bring about the mass adoption of crypto. This, in turn, the agency notes, may then cut out the need for regulated middlemen to help curb financial crime. Even though Libra is separate from Facebook, the social media platform has the reach to attract billions of people to the stablecoin. –REUTERS Why It Matters: Authorities worldwide have voiced their concerns for Libra, and crypto in general, but the fact that Facebook has over two billion users means it presents more of a threat to the global economy.       2. Changpeng Zhao, CEO and founder of crypto exchange Binance, has said that he is proposing to list a token to Bitcoin Cash on Binance DEX. In the post, Zhao, said "we are proposing to list BCH-1FD," which will track the value of BCH. Regarding conflict of interest, the CEO stated that Binance will provide conversion between Bitcoin Cash and BCH-1FD through the deposit and withdraw services. Additionally, there isn't much development work in the token or any potential conflict of interest, he said. –BINANCE BLOG       A MESSAGE FROM DATASTAX Scale Out, Don't Stress Out. Ensure your Database is Holiday-Ready. The holiday rush is about to begin—and in 2019, it's expected to be the biggest spending season ever. Learn more about why holiday sales success starts with your underlying database.  Read the holiday database report.   3. Follow Friday: Elizabeth Chee Chee is the chief operating officer (COO) and vice president of business development at Iomob Technology Services, a technology platform for mobility. Prior to joining the company, she was the co-founder and COO of the HIT Foundation, which offers a blockchain-based marketplace for personal health data. Founded in 2017, the organization helped individuals to take control of their data and monetize from it. The aim of the platform is to foster improved research and healthcare outcomes through the agreed exchange of data between the individual and the providers they trust. On International Women's Day this year, Chee was nominated to the UNESCO 2019 list of Remarkable Women in Technology. Chee is also involved in a number of global nonprofit organizations in blockchain, digital health, and professional development. These include Women in Tech & Blockchain, Bottish Europe, and NTU Alumni, Germany. On Twitter, she has just under 2,000 followers and often retweets posts focusing on healthcare and fintech investment in Singapore. She also posts tweets such as the one looking at the rise of venture capital funding in Europe.       4. U.S. Senator Mike Rounds has voiced his support for Facebook's Libra in a letter to the Anchorage Trust. In a letter dated yesterday, Rounds wrote to Nathan McCauley, president of the crypto custodian company. In it, he said that it was "profoundly disappointing" that his fellow colleagues were against Libra, which he fears "may put a chill on innovation in the long run." He goes on to note that there is "promise" in crypto and digital payments, but that the U.S. is falling behind in the space. –COINTELEGRAPH       A MESSAGE FROM MONGODB MongoDB Cloud Database MongoDB Atlas is the automated database as a service built by the engineers behind MongoDB. Get started free! 5. Stafford Masie, a computer scientist and former CEO of Google Africa, believes Bitcoin will have more of an impact on humanity than technology. Masie, now general manager of WeWork South Africa, made his comments at the SingularityU South Africa Summit earlier this week. He went on to say that while the crypto wallet was "misunderstood, misused, misrepresented, and viewed as complicated," it would eventually change global trade. –COINTELEGRAPH       6. Cameron Winklevoss, one of the founders of the New York-based crypto exchange Gemini, has said there are 17 trillion reasons why someone should own Bitcoin. Taking to Twitter yesterday, he made his remark while commenting that "$17 trillion dollars are currently held in negative interest bonds." As reported by Bloomberg, worldwide negative-yielding debt reached $17 trillion back in August. –@winklevoss       7. Bitcoin has already reached 40 percent of life expectancy of the average fiat currency. That's according to crypto statistician Willy Woo who refers to a 2018 study by DollarDaze.org. Taking to Twitter, Woo stated that the average currency lasts around 27 years; however, the longest-living coin, the British pound, has lost 99.5 percent of its value. Bitcoin, on the other hand, is increasing in value. –@woonomic       8. Nearly 75 percent of German consumers would reject Facebook's proposed Libra coin, according to a survey. Broken down, 42 percent said they don't trust Facebook and 31 percent said they only trust state-backed currencies. Out of 2,000 people aged 16 and above, only 27 percent indicated that they would accept the stablecoin if it launches next year. Of those within the 55-plus age group, 85 percent said that it's impossible to do anything with Libra. –COINTELEGRAPH AUF DEUTSCH       9. Footwear company New Balance Athletics Inc. has announced it's using the blockchain to track supply chain authenticity with it's newest basketball shoe, the OMN1S. The organization is teaming up with Input Output Hong Kong to create the New Balance Realchain. It will be built on top of IOHK's Cardano blockchain. Launching today, the pilot program will enable new customers to record the ownership of their shoes. –SILICON ANGLE       10. Pascal Gauthier, the CEO of Ledger, a security and infrastructure solutions company for crypto, has said that the blockchain is promising, but it can't save the world. Making his comments during a Q & A, Gauthier said that one of the biggest myths around the technology was that it could be used for anything. It is good for some things, but not everything, he noted. –TECH REPUBLIC       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad MongoDB Atlas is the automated database as a service built by the engineers behind MongoDB. Get started free!

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