The crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platforms for digital assets.
The bull run of the crypto industry is shaping up again. Bitcoin price almost touched its previous all-time high this morning as it traded above the $60,000 mark. Other crypto assets like Ethereum and Binance Coin (BNB), however, were more successful than Bitcoin and were able to reach new all-time highs. Ether set a new record at $2,200 while BNB sold for a high of $484, according to data from CoinMarketCap. Not only that, but the market cap of all cryptocurrencies also crossed the $2 trillion mark, again.
After breaking the $60k mark in the previous month, Bitcoin had tried to trade above the value again on several occasions, but instead, the value of the asset kept declining until the last 24 hours when its value rose.
On the other hand, the second-largest cryptocurrency by market cap, Ethereum also saw a new high this morning. During March, the coin had also struggled to cross the $2k mark after it had crossed it previously. Ether in the last 24 hours had gained 4.5 percent to reach its new ATH.
The native token of leading crypto exchange, Binance Coin, also reached a new ATH. BNB gained over 14 percent within the last week to reach a new high of $485. Notably, the value of the asset was trading around $300 as of the beginning of the week.
Away from that, the entire crypto industry market cap is now worth as much as Apple Inc (NASDAQ: AAPL), the leading iPhone maker and the second most valuable company in the world. The industry had crossed the $1 trillion mark three months ago on January 7th. Then, Bitcoin was selling around $33,000 and Ethereum was still trading in the $1,000 region. Both assets value has however increased exponentially leading to an increase in the market cap of the industry.
In recent times, the crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platform for digital assets.
Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.
Raze Network Kicks Off Testnet Phase with UI Community Voting
Place/Date: Singapore – May 11th, 2021 at 5:33 pm UTC · 3 min read
Contact: Justin Kelliso,
Source: 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.
Casper Network (CSPR) Token Launches on Multiple Exchanges, Meets Extreme Volatility
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.
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.
It’s Time to Pull Plug on Centralized Hosting: Say Hello to ArGo
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.
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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