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FTX Crisis: Ren Left With $160K In Funding To Survive

coingape.com

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.

Read in Full: coingape.com
Bitcoin REN
$ 0.062863

Timeline of Ren


Alameda-owned RenVM confirms it's ‘impossible to launder any assets' through Ren Bridge, debunking claims of $540M in money laundered - CryptoSlate

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's Weekly RSI Drops to Lowest Ever Level as Price Hits New Yearly Low - BeInCrypto

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.

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