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Ren Protocol warned its users of potential risk of losses after it shuts down its existing product. The post Alameda-backed Ren warns users of losses as it plans to wind down protocol appeared first on The Block.
Ren said it needs the additional fund, especially to execute its Ren 2.0 which has been in the works after the company decided it would cease to operate the Ren 1.0 platform.
REN, core native cryptocurrency of veteran DeFi Ren Protocol, outperforms all mid-caps, here's how
Rumors that Binance was looking to acquire multichain protocol Ren caused the protocol's native REN token to soar 32% to $0.1061. The post REN Price Jumps 32% Following Binance Acquisition Rumors appeared first on BeInCrypto.
Project said it wants to move on from its now-bankrupt owner Alameda Research and is already talking to potential investors.
Ren Protocol (REN), one of oldest decentralized protocols, shares sad announcement for its community
The Ren Bridge project announced in its ‘Ren Community' Medium blog on November 18 the ways in which it plans to move forward with Alameda Research. The post Ren Bridge announces open source community led Ren 2.0 in response to Alameda fallout appeared first on CryptoSlate.
The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov.
Ren has stated that its development funds are only enough to cover expenses through the end of the year because of Alameda's bankruptcy.
The crypto project Ren seems to be in a state of limbo for not having enough funds for its development following the FTX crisis. Alameda Research, FTX's trading arm, was funding Ren's development with $700,000 every quarter.
Crypto token wrapper Ren only has funding up to the end of December following the collapse of Alameda Research. The post Funding for DeFi protocol Ren in limbo after Alameda collapse appeared first on The Block.
REN price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment. REN looks strong on both low and high timeframes.
On the 9th of September, the REN/USD market broke above the 9-day moving average.
Elliptical Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto and news media — entitled “Cross-chain Crime: More Than Half a Billion Dollars has Been Laundered Through a Cross-chain Bridge.
REN has shown several bullish signs on the daily time frame, and it is possible that the price will initiate a strong bounce as a result. The post REN's Weekly RSI Drops to Lowest Ever Level as Price Hits New Yearly Low appeared first on BeInCrypto.
The demand for DeFi coins has risen substantially in 2022 with DeFi making breakthrough improvements in its infrastructure over time. Some of the DeFi coins [.
The REN coin price prediction indicates that 0.0856 could be a valid downside target once the descending triangle is completed.
She founded Sirens, a women-led community of 10,000 unique NFTs supporting mental health, education, and eco-villages which has now attracted 10,000 members to join the cause.
What is the outlook of the Ren price after the remarkable decline? We explain why it could drop by another 60% soon.
