Cryptocurrency Analysis and News Portal
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
Read More
FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down. Source
Read More
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
Read More
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
Read More
REN price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish
Read More
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
Read More
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
Read More