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Kenetic Capital, the most significant institutional holding of Render project tokens, transfer red almost 1 million RNDR. According to Etherscan, Kenetic Capital transfer red 999,990 RNDR to the cryptocurrency exchange Binance on Feb. 4. The transfer is valued at almost $4.5 million at the current exchange rate. Since Dec. 24, 2023, Kenetic Capital has transfer red 2.5 million RNDR, or $11.25 million at the time of writing, to Binance in 42 days. Kenetic Capital currently holds 4.1 million RNDR. After the transfer of RNDR to Binance, the token rate reacted with a drop of 5.3% in 24 hours, becoming the top loser of the day on CoinMarketCap. The price of RNDR dropped from $4.77 to $4.41 in a few hours and recovered to the level of $4.50 at the time of writing. Source: CoinMarketCap Despite the 5.3% drop, RNDR trading volumes increased by 33% over the past 24 hours, reaching $140 million. Render Token functions as a network that connects users who need to render their work w...

Cryptocurrencies are challenging the status quo of remittance services. Will they also shape the future of cross-border payments? In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated the market, the rise of cryptocurrencies has introduced a disruptive force that is challenging the status quo. As cryptocurrencies gain momentum, the question arises: Will crypto remittances shape the future of global money transfers? The dominance of traditional remittance services This evolving payments landscape has opened up new opportunities and prompted us to rethink the traditional models of remittance services in the face of technological advances and changing consumer preferences. Source: Unsplash For several decades, traditional remittance services, such as Western...