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Cross-chain bridge platform Ren Protocol has announced that FTX, Alameda Research and other affiliates that acquired the platform in 2022 have authorized and directed the platform to move all its crypto assets to FTX debtors’ wallets.According to Ren, the move lets debtors safeguard their assets in case of a potential
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FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down. Source
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In November, following the protocol's loss of funding from Alameda, Ren accelerated its shift from Ren 1.0 to a more efficient, secure version. Original Source
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According to the team behind the open protocol Ren, developers are winding down the Ren 1.0 network following the FTX and Alameda Research collapse. Last year, under previous Ren leadership, Alameda acquired Ren and was funding development every quarter. On Dec. 7, 2022, Ren developers warned Ren 1.0 and 2.0
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REN price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish
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Decentralized finance projects like Ren pumped in 2021, only to finish the year right back where they started as high fees on Ethereum (ETH) led to decreased activity for many protocols and DeFi took a backseat to more popular sectors like nonfungible tokens (NFTs). Now, it appears as though that downtrend
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On Wednesday, Ren Labs, the creators of popular bridge Ren, announced the fundraising with participation from Amber Group, Multicoin Capital, BlockTower Capital, Cumberland DRW, GBV Capital, Chiron, Fisher8 Capital, LedgerPrime, Bixin and PetRock Capital, according to a press release provided to CoinDesk. Original Source
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The American social media personality and model, Alexis Ren believes the fiat economy is “collapsing” and recently she told the press she thinks cryptocurrencies offer a viable alternative. In a recent interview, Ren explained her interest in crypto is fueled by the socialite’s reservations in the dollar-based economy. Alexis Ren: ‘The
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Bitcoin's (BTC) rise back above the $48,000 mark was back by similar moves from altcoins and analysts expect the market-wide rally to continue if the top-ranked digital asset can take aim at the $50,000 resistance level. Top 7 coins with the highest 24-hour price change. Source: Cryptox Markets ProData from Cryptox
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