Blockchain moves into the fashion space and Tron shoots up over 30 percent in 4 days. Lets start the show! Welcome back to crypto global news, please make sure you like share and subscribe the show. Enjoy today’s episode. Ethereum co-founder Joseph Lubin recently said that Facebook’s Libra token is like “a centralized wolf in a decentralized sheep’s clothing”. Facebook released the white paper for a its cryptocurrency called Libra earlier this month to mixed reactions from experts in the cryptocurrency and blockchain industries and concern from government regulators. In his article, Lubin says that Libra’s white paper describes feelings common among many in the cryptocurrency community. It states that “sending money across the globe should be as simple and inexpensive as sending a message on your phone,” and “financial infrastructure should be globally inclusive and governed as a public good.” While noting the white paper’s claim that “People will increasingly trust decentralized forms of governance,” Lubin pointed out the need for users to trust Libra’s fiat currency and government bond backing, and merchants to trust that the network be responsibly run. So, is Lubin right? Is Libra just another fiat currency hiding under a crypto veil? Alyx — the luxe fashion brand co founded by Lady Gaga, is launching an IOTA-based pilot for supply chain transparency. IOTA is an IoT-focused distributed ledger technology firm, which has created an architecture dubbed “Tangle.” Unlike a blockchain, the Tangle protocol does not use “blocks” or mining, but is instead built upon a directed acyclic graph (DAG): a topologically ordered system in which different types of transactions run on different chains in the network simultaneously. How affective will this technology be in helping the fashion industry, Former Wall Street trader and host of the Keiser Report Max Keiser was less than kind in his statements about bitcoin, even after the recent surge as Bitcoin passed $11,000. Keiser focused on gold enthusiasts after several claimed that despite its performance, bitcoin was still an inferior bet to the precious metal. One of the most famous and respected is Peter Schiff, the veteran gold promoter who has regularly trashed cryptocurrency both informally and via interviews while ironically also accepting it as payment. “It doesn’t matter how high the price of Bitcoin rises unless you sell. Every buyer must eventually sell to realize any benefit from the rise,” he wrote Saturday. “But therein lies the problem. Once hodlers decide to cash out, the price collapses, wiping out paper gains before they can be realized!” This is an ongoing debate in the crypto pace, does bitcoin and cryptocurrency more general have any inherent value? Co-founder and CEO of major U.S.-based cryptocurrency exchange Coinbase Brian Armstrong has gotten some criticism after praising private crypto transactions. Armstrong has said that “a scalable, sufficiently decentralized, chain that supported private transactions by default (privacy coins) would be a game changer.” He compared anonymous cryptocurrency transactions to cryptography on the web, pointing out that it is increasingly predominant. He also used messaging as an example: “Same with messaging, end to end encryption started out fringe and is now the expected default.” With Libra to soon join the market, and other massive corporations to soon build currencies after them, one has to wonder how private vs public cryptocurrency will be in future. Tron (TRX) has entered the list of top ten cryptocurrencies after rising for four days in a row. This represents a 31 percent gain noted across the last four daily sessions. At the same time, the Tron’s market capitalization rose as high as $2.61 billion. At its highest, it was circa $16.7 billion. In recent days Tron outperformed a number of its counterparts, including ethereum, ripple, litecoin, and bitcoin cash. At the same time, the Tron-to-bitcoin exchange rate witnessed a 4 percent jump, suggesting that Tron is stronger against bitcoin on an intraday basis. What comes next for Tron? Many thanks for tuning into today’s episode, please make sure you like share and subscribe, For crypto global news I’m Edward, until next time you take it easy.