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Asset Management Firm Brevan Howard to Invest in Crypto Market

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Brevan Howard intends to diversify into various digital assets beyond Bitcoin and Ethereum. 

Brevan Howard, an asset management firm with approximately $10 billion in AUM, is reportedly eyeing the crypto market, according to a report by Bloomberg. Bloomberg reported that the firm hedge fund is ready to invest 1.5% of a $5.6 billion portfolio into cryptocurrencies.

Notably, the cryptocurrency investment dubbed ‘initial allocation’ will be headed by Johnny Steindorff and Tucker Waterman, co-founders of Distributed Global, a cryptocurrency investment firm. Distributed Global has made significant investments in various blockchain startups in the past.

Brevan Howard and the Crypto Industry

Alan Howard, the co-founder of Brevan Howard Asset Management and Elwood Asset Management, has in the past invested in blockchain and cryptocurrency-related startups. Earlier last month, digital asset custodian Komainu announced the closure of a $25 million Series A funding round led by the billionaire Alan Howard. “With over $3 billion in assets under custody, Komainu has become one of the leading digital assets custodians globally. I am pleased to support Komainu in its mission to bridge the gap between legacy finance and the digital assets class,” Howard noted.

The billionaire has made considerable progress in the cryptocurrency industry owing to the fact that he began investing years ago. Late last year, Alan backed One River Digital Asset Management’s $1 billion bets on crypto, particularly Bitcoin and Ethereum.

However, the Brevan Howard hedge fund has seen its assets under management declined from over $40 billion to around $10 billion as of last year.

Founded back in 2002, the firm has gone through several market ups and downs and in turn, gained experience over time. Choosing the cryptocurrency industry over the traditional stock market is an indication of the increasing digital assets’ demand by institutional investors.

Furthermore, digital asset investments have shown better resilience during the global coronavirus crisis than the traditional stock market or the precious metal industry.

Notably, Brevan Howard operates a number of funds, including two publicly available closed-end funds: BH Global (LSE: BHGG) and BH Macro (LSE: BHMG).

Brevan Howard intends to diversify into various digital assets beyond Bitcoin and Ethereum. The move is likely to attract more institutional investors amid the ongoing bull market that has attracted more retail traders.

A huge wave of retail investors have jumped into the cryptocurrency market through various means, but Dogecoin has surpassed other projects in the past few days. On the side of institutional investors, Bitcoin has been a better investment due to low volatility in the past few months.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”



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Raze Network Kicks Off Testnet Phase with UI Community Voting

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chainwire

Place/Date: Singapore – May 11th, 2021 at 5:33 pm UTC · 3 min read
Contact: Justin Kelliso,
Source: Raze Network

Photo: Raze Network

Raze Network, the first Polkadot-based privacy protocol, is bracing to engage community members with our first testnet. Early birds will be able to provide feedback on the quality, function, and overall experience of the Polkadot-based privacy protocol.

This huge milestone clears the way for ‘Razers’ and collaborators to easily test drive the newest features and allows plenty of maturation time for these new features to be fully tested.

Our team already started designing the user interface of the privacy protocol we promised to launch. However, we want to resort to the collective wisdom of our community on how to actually bring this to realization, thus launching this UI Community Voting Campaign.

The beta testnet marks the latest step forward in Raze Network’s overall mission to enable the broader community to contribute to the evolution of our trustless decentralized privacy protocol.

Raze Network’s applications present the decentralized finance (DeFi) community with a cross-chain middleware solution on Polkadot for concealing transactions when operating on decentralized exchanges.

With a clear vision and solid use-case, the protocol-based solution leverages the Polkadot ecosystem to offer the required privacy layer for the crypto sphere. The privateness protocol aims to guard anonymity for all the DeFi stack on the Polkadot.

To achieve higher participation during the testnet, Raze Network is organizing a number of events, competitions, and challenges to encourage participants to actively test critical components of our ecosystem. Specifically, we will airdrop 1,000 $RAZE tokens to 10 lucky voters based on how many entries they generated to vote for the best UI style.

$RAZE is set be the lifeblood of the Raze Network, designed as a utility token to represent participation in the ecosystem.

The launch of Raze Network’s UI testnet comes on the heels of several other recent milestones, including a robust set of developer resources and partnerships that continues to expand.

Just in April, we announced the strategic listing of Raze token on the popular DeFI platform, Uniswap. This listing closely follows our completed triple IDO event on three launchpads.

Interestingly, apart from going live on DEX exchanges, $RAZE tokens will also soon be listed on several tier-1 centralized exchanges.

This networked testnet release allows Raze to continue working with our partners towards the mass adoption of decentralized applications and smart contracts.

Since inception, Raze Network sought to develop an infrastructure that is easy to understand and smooth to navigate. One where even new users can reap the benefits of a cross-chain middleware solution for anonymous transactions, payments trading, and mining.

Although the token launch is done, the real work starts. Most recently, we have completed the development of mint, transfer and redeem contracts in Solidity. Currently we are testing how to deploy these contracts on EVM.

Also the major front-end and client modules that can invoke the aforementioned contracts have been developed.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to build a second-layer decentralized anonymous module.

It will then be imported as a Substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.



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Casper Network (CSPR) Token Launches on Multiple Exchanges, Meets Extreme Volatility

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As observed on various Casper’s social media channels, there is a mixed feeling in the community following the Casper token launch.

The Casper Network native token CSPR has launched on multiple trading platforms including Huobi Global, Gate.io, OKEx, and AscendEx, more than a month after the network Mainnet launched. The CSPR token which was offered to the project’s growing community in a presale that ended on April 7th at $0.015 opened for trading on Gate.io at about $70 saw a massive upsurge to a high of $379 before correcting.

Many have said the digital currency ecosystem is in an altcoin season, implying a burgeoning embrace and corresponding growth in the prices of various altcoins. Taking a cue from Ethereum (ETH), the world’s second-largest cryptocurrency which has grown by over 15x since the start of the year, most altcoins including new projects have seen a corresponding remarkable growth.

From the very low presale price of CSPR coins and its opening price on the exchanges today, the digital currency met with very pervasive volatility, and its price is currently trading at $4.77 on OKEx at the time of writing.

Fundamentals Meet Massive Interest as Casper Network Launches

Many projects have been launched in the past four months as the cryptocurrency ecosystem carried over a growing interest from last year’s DeFi boom. While many tokens have been launched on the leading blockchain networks including Ethereum, Polkadot, and Binance Smart Chain amongst others, the Casper offering carves a new niche for itself with good fundamentals.

The Casper Network is an institutional-grade decentralized finance (DeFi) protocol built as a standalone blockchain of its own. The blockchain seeks to right the wrongs of existing blockchain infrastructures including but not limited to low fees, and scalability. Many analysts have described Casper as a viable substitute for the proposed Proof-of-Stake (PoS) network of the Ethereum blockchain dubbed ETH 2.0.

Casper is also energy-efficient, remarkably up to 136,000% when compared to existing blockchain infrastructures around today. The opportunities the Casper protocol has presented, backed by the backing from its major partners have fueled the massive interest from the broader community. Casper’s major partners include BitGo, Ledger, CoinList, and other prominent names in the blockchain and cryptocurrency ecosystem.

Casper Network Community Expresses Mixed Feelings Following the CSPR Token Launch

As observed on various Casper’s social media channels, there is a mixed feeling in the community following the Casper token launch. While the Presale came with four options and varying lockup periods, those who participated in Option 3 were expecting to start trading their tokens at this time. However, CoinList, the exchange where the presale took place has dampened expectations based on the inability of users to withdraw their tokens for trading.

CoinList noted the Casper presale drew the largest interest that almost broke its servers. While the current situation has caused a remarkable agitation, the promises of the project and the responsive nature of the project executives give an inclination that the Casper network is off to a great start.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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It’s Time to Pull Plug on Centralized Hosting: Say Hello to ArGo

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ArGo offers a more secure, cheaper and censorship-resistant alternative in an age of regular data breaches and industry monopolization.

With data leaks and hacks into centralized cloud storage platforms becoming more commonplace, it is becoming apparent that Amazon Web Services, Google Cloud and other giants that have monopolized the cloud industry are unable to prevent user data falling into the wrong hands. Not even the security firms in the industry are safe with centralized cloud providers, and even risk and compliance startup LogicGate quietly confirmed a data breach back in February that saw a hacker decrypt files stored in AWS S3 buckets in the LogicGate Risk Cloud backup environment.

But it is not only the security risks that have businesses looking for an alternative to centralized cloud providers; cost-ineffective overheads, censorship and high maintenance all add up to what has quickly become something that business owners that need storage do not want to put up with for the long run. ArGo is a new deployment platform built on top of Arweave Permaweb that enables anyone to deploy any static app on a global scale with just a few clicks. The team behind ArGo plans to disrupt the cloud industry by providing developers, publishers and businesses with immutable, cost-effective and censorship resistant deployment, whilst ensuring user data security through decentralization.

Why Not Centralized Cloud Platforms?

The Facebook scandal and numerous other smaller data breaches have over the years exposed the weaknesses of centralized storage platforms and providers, highlighting the need for ArGo’s decentralized web hosting. The costs connected with centralized cloud providers are high and have been gradually increasing and, when employee wages, accounting costs, legal fees, data center rents and more are taken into account, the cost becomes unmanageable for many businesses. On top of this, data migration between different centralized cloud storage platforms is also high.

Another issue is that centralized cloud servers are often concentrated in one or several places and in the event of a power outage or fire, data can be lost forever and businesses can lose millions due to downtime, such as seen in a recent incident in France where millions of websites were put offline due to a large fire at a data center. With Argo’s Permaweb app deployment solutions, user data is spread among many miners, securing it from risk and also ensuring data privacy from monetization by market leaders such as AWS.

Ensuring User Data Safety in an Increasingly Digital World

Privacy leaks and hacks on centralized cloud platforms such as AWS have been steadily increasing. Incidents are rife around the world and, once gaining access, hackers can monitor, censor or disclose all kinds of sensitive data to third parties. ArGo plans to tackle this issue head on, with serverless architecture that takes data out of centralized locations prone to attack and spreads them across a decentralized network of incentivized miners.

With 100% uptime, fast and censorship resistant deployment, the ArGo platform boasts various improvements on existing centralized models in use today. Having recently closed their private funding round after receiving $1.3 million in investment from big names in blockchain and venture capital, the ArGo team are on track to deliver a much-needed solution to businesses in need of cloud services.

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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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