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Render (RNDR) price was up 5% in the past 24 hours and 52% in the past 30 days. The AI related crypto project has seen positive sentiment amid greater adoption of its technology. A community vote has also passed a proposal to onboard cloud computing platform Beam. The price of Render rose sharply on Friday as the AI crypto token continued the outperformance seen this past week. RNDR traded more than 5% up to highs of $2.25 in the 24-hour period to the time of writing, with weekly and monthly g AI ns at 13% and 52% respectively. Recent upward momentum has benefited from AI hype driven by forecasts from m AI nstream companies, including Microsoft, Nvidia and Palantir. RNDR price up as community votes for key proposal Render’s upside appears to have defied likely sell-off pressure after on-chain data revealed FTX/Alameda had moved over 974k RNDR tokens. While the transfer of the tokens, valued around $2 million at the time, was probably for selling pu...

Polygon Labs has unveiled the first three proposals to introduce infrastructural changes and a new native token as part of the Polygon 2.0 roadmap. The first of these Polygon Improvement Proposals (PIPs), PIP-18, is dubbed “Phase 0”, and focuses on four milestones designed to require no action from developers and end users on Polygon proof-of-stake (POS) and zkEVM chains. Polygon Phase 0 Milestones | Source: Polygon Labs PIP-17, the second proposal , pushes for POL, a new token to replace MATIC, as Polygon’s native asset.  If approved by the community, the upgrade would allow one-to-one migration from MATIC to POL. You might also like: Polygon to replace MATIC with POL token The third proposal , or PIP-19, seeks approval to upgrade the Polygon’s native gas token system. It calls for specific changes to the native MATIC Bridge Contract, effectively switching the native gas token on Polygon PoS from MATIC to POL while ensuring “maximum backwards compatibility” This ...

A policy paper has recently proposed the creation of a government-backed stablecoin, the HKDG, in Hong Kong to potentially compete with well-established digital counterparts, such as USDT and USDC. A policy paper suggesting the Hong Kong government to launch its own stablecoin, named HKDG, backed by its substantial foreign exchange reserves, has been put forth. This development comes as an effort to compete with well-established stablecoins such as USDT and USDC. The report was jointly penned by Wang Yang, vice chancellor of the Hong Kong University of Science and Technology, chief scientific advisor of the Hong Kong web3 Association, angel investor Cai Wensheng, BlockCity founder Lei Zhibin, and doctoral candidate Wen Yizhou. Initial coverage of this news was by Wu Blockchain. A Proposal for Hong Kong to Issue a Hong Kong Dollar Stablecoin to Compete with USDT/USDC By Vice President of Hong Kong University of Science and Technology and Chairman of Meitu Read more: https://t.co/pC...