HBAR Foundation, Archax to Work on Tokenization Projects, Expand Digital Asset Staking Support

The HBAR Foundation and Archax have shared plans to enhance their partnership by expanding support for HBAR staking, the native cryptocurrency of the Hedera network, as well as the pursuit of further tokenisation projects.

Timeline of Hedera

Cryptocurrencies were mixed on Wednesday as traders waited for the upcoming FOMC, ECB, BoE, and Swiss National Bank (SNB) decisions. Bitcoin stalled at $41,000 while the total market cap of all cryptocurrencies held steady at $1.64 trillion. There were some bright spots though.

At the 2023 UN Climate Change Conference (COP28), Envision Blockchain showcased new emissions tracking and carbon credit platforms utilizing blockchain and artificial intelligence technology.

Hedera Hashgraph (HBAR) has unveiled a new product aimed at financial services companies. In a statement, the developers launched Stablecoin Studio, a suit of products that will help these firms launch and scale their stablecoins. Stablecoin Studio has all the features that financial firms and other enterprise customers need to build these coins.

Hedera (HBAR) recently encountered a significant hurdle as it faced price rejection at a crucial weekly bearish order block. Currently hovering at the $0.0500 level, this juncture has emerged as a formidable obstacle for sellers looking to capitalize on the prevailing bearish sentiment.

Hedera (HBAR), despite the very unpredictable cryptocurrency market, has demonstrated its ability to defy trends by recording more than 14% increase on its price chart, Sunday. Hedera has not only held its place despite the volatile circumstances that frequently affect other digital assets, but has also shown steady resilience.

Hedera Price Analysis: A bullish reversal from the support trendline hints HBAR price to prolong the recovery trendDefying the broader market bearishness, the Hedera coin shows a strong rebound from the ascending support trendline and maintaining its overall bullish outlook. Over the past two months, the crypto buyers have obtained dynamic support from this trendline

U.S. Federal Reserve Embraces Micropayments Innovation with Dropp on Hedera Hashgraph The U.S. Federal Reserve has taken a forward leap in payment technology by incorporating the micropayments platform Dropp onto the Hedera Hashgraph network. This integration has been seamlessly integrated into the FedNow instant payments platform and has significantly propelled the value of the HBAR token, recording a remarkable surge of over 15%.

Hedera (HBAR) has stolen the limelight by becoming the highest-gaining cryptocurrency in the past 24 hours. As investors eagerly accumulate, the token's price exhibits a roller-coaster ride of volatility.

In an electrifying display of market momentum, Hedera (HBAR) cryptocurrency briefly surged by an impressive 25% over the past week. The climb has triggered a wave of attention within the cryptocurrency landscape, as enthusiasts and investors closely monitor HBAR's exceptional ascent.

The Fed has incorporated Dropp, a Hedera-based micropayments platform using DLT technology, into its recently launched FedNow service. FedNow connects financial institutions, businesses, and service providers to bolster digital payments infrastructure.