Cofra Holding Joins Hedera Governing Council to Accelerate DLT Adoption and Sustainability Leadership

Cofra Holding, a Swiss family-owned company with a global presence in industries such as fashion, real estate, and private equity, has joined the Hedera Governing Council. Hedera is a decentralized public network that enables individuals and enterprises to create and deploy dApps.

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HBAR Crypto News: The Hedera Governing Council, which is in charge of the open-source Hedera proof-of-stake public network, announced their newest Governing Council member today. Bringing the total number of council members up to 30, COFRA is a 182-year-old family business that employs over 60,000 people worldwide.

HBAR Crypto News: According to information obtained, it's estimated that roughly $1.2 billion of HBAR tokens, worth $65 million, are scheduled to be released beginning June 1. This comes after 95 million HBARs were released on Saturday, which brought the total amount of released tokens to 62.68%.

With inflation looming large over the global economy, investors are on the lookout for a token that can soar high in the next bull run. While millions of investors are flocking to the crypto market as an alternative to traditional investments, analysts and experts are extremely cautious before investing in any cryptocurrency-based project.

Hedera Hashgraph (HBAR) price crashed to the lowest level since March 28 as the recent sell-off intensified. HBAR has crashed by more than 41% from the highest level this year, meaning it has underperformed key cryptocurrencies like Bitcoin and Ethereum.

HBAR Price Prediction: The hedera coin price in a correction phase for the past two months shows the formation of a symmetrical triangle pattern. In theory, this pattern is a continuation setup that may offer a short break before resuming the prevailing uptrend.

Hedera Hashgraph (HBAR) price jumped on Sunday as Bitcoin and other major cryptocurrencies continued consolidating. It rose to a high of $0.064, the highest point since April 20th. In all, the coin has risen by over 8.53% from the lowest level this week.

HBAR Crypto News: The Hedera (HBAR) network which runs on distributed ledger technology, Hashgraph, announced via a tweet on Wednesday that it has hit 2 million HBAR accounts on the Hedera mainnet. The DAG-based network has lately been making significant progress despite the broader cryptocurrency market experiencing a roller coaster of ride.

Hedera Hashgraph (HBAR) price has joined the ongoing rally in the cryptocurrency industry as investors buy the dip. HBAR rose to a high of $0.068, the highest level since April 3 of this year. It has jumped by more than 24% from the lowest level in March.

Blade Labs, Hedera's wallet infrastructure provider, and the creators of the enterprise grade Blade Wallet, are announcing the launch of their suite of SDK integration products to further accelerate Web3 adoption.

The Hedera [HBAR] network has made all the right moves since the beginning of 2023. Now, its unique Hashgraph technology has caught the attention of other participants in the crypto space.