Binance CEO: Libra will attract users / UK's privacy chief issues warning / Libra rap video

Inside Libra presented by Eko.

Presented by Subscribe | View in browser 1. Binance CEO's Changpeng Zhao has said that the regulatory talks Facebook's Libra stablecoin have generated demonstrates the threat and power it could pose, adding that adoption shouldn't be complained about. In tentative talks to get involved with the project, Zhao said that he has indicated his interest in listing the coin if, and when, it launches. He also noted that even though some people may not be a fan of Libra, it will attract a large number of users. –COIN DESK       2. Elizabeth Denham, the U.K.'s data privacy chief, has become the latest to issue warnings about Facebook's proposed Libra coin. Joining Albania, Burkina Faso, Australian, Canada, the EU, and the U.S., Denham has signed a statement, which highlights "shared concerns" over "privacy risks posed" by Libra. While she did concede that it could bring benefits to people using it, Facebook's plans needed to work together with users' "privacy expectations and rights." Libra chief David Marcus said last month to the Senate Banking, Housing and Urban Committee that the platform has heard "loud and clear" that people don't want their financial and social data connected. –BBC       A MESSAGE FROM EKO There's *finally* a communication app tailormade for on-the-go teams Eko's performance-boosting platform is built for mobile workforces, combining communications, process management, task management, e-learning and HR functionalities. No integrations with outside apps needed, this swiss army knife of an app can do it all. Check out the demo & get a free trial. 3. Jargon Watch: Flippening Not related to sea mammals, the flippening is a term used in the crypto space to describe a future event when Ethereum's market cap surpasses that of Bitcoin's. At the moment that doesn't seem likely considering Bitcoin is worth around $208 billion and Ethereum is valued at $24 billion. Yet, while some don't think this is going to happen, there are sites dedicated to watching any progress Ethereum makes. In other areas where flippening may occur include Bitcoin surpassing that of gold. However, one flippening event that did take place recently was the downgrade of Litecoin into fifth place after Bitcoin Cash moved into fourth. The market caps between the two are marginal – $5.9 billion and $5.7 billion, respectively – so it remains to be seen how long these positions will stand.       A MESSAGE FROM XERIC WATCHES NASA just collaborated with Xeric Watches to create the perfect gift for space nerds Xeric has teamed up with NASA to create a brand new otherworldly collection of watches to celebrate the 50th anniversary of our landing on the moon. If you pre-order right now, you can secure the super early bird pricing and save 36% off the future retail price. 4. The Libra Association – a group of firms that are supporting Libra and its Calibra wallet – have said that it shares the commitment of "protecting personal information." The remarks follow after several global data protection authorities raised "shared concerns" about Facebook's coin. In reply, Dante Disparte, head of policy and communications at the Libra Association, said that they understand the need to create a system that "complies with global privacy requirements." –THE IRISH TIMES       5. Are you someone who's struggling with the idea of Facebook's Libra coin? Luckily, or maybe not so lucky, a rap video has been put together by Rap Journalism that attempts to demystify the proposed crypto asset in less than five minutes. And who said crypto couldn't be fun? –YOUTUBE       6. Susan Stoner Zook, former assistant to U.S. Republican Senator Mike Crapo, has been hired by Facebook to join its Libra lobbying team. According to a report, she has been hired to help win lawmakers over on the platform's proposed coin and will be lobbying to Republican senators. –POLITICO       7. Jaret Seiberg, a senior policy analyst at Cowen, an investment banking company, has said in a client note that a potential Walmart crypto coin could generate less political opposition compared to Facebook's proposed Libra stablecoin. According to Seiberg, the coin would be pegged to the U.S. dollar and would be similar to a rechargeable gift card that can be used at the store. However, while it may not have the "global intentions" of Libra, a coin from Walmart could still present a threat to banks and credit unions, according to the analyst. –BLOOMBERG This first appeared in yesterday's Inside Bitcoin newsletter.       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 Make employee management simple with Eko, the mobile-focused productivity app - try it for free.

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