Shinhan Bank and SCB TechX Achieve Milestone with Successful Stablecoin Remittance Pilot on Hedera Network

Shinhan Bank, SCB TechX, and Taiwan's largest financial institution have successfully completed a stablecoin remittance proof-of-concept (PoC) pilot on the Hedera network, as announced on July 18th, 2023.

Timeline of Hedera

A significant milestone connecting blockchain technology and Artificial Intelligence (AI) had the Hedera network integrating the ChatGPT plugin. The AI launch on the cryptocurrency project will allow users to manage their accounts seamlessly.

Hedera (HBAR) has joined the altcoin uptrend for today as the broader digital currency ecosystem pushed for a sustained price recovery. The HBAR token is trading at a spot price of $0.04653, up by 5.20% over the past 24 hours in a frantic effort to pare off the losses it has accrued in the trailing seven-day period.

In this article, we will delve into the price movements and latest news related to Stellar (XLM), AiDoge (AIDOGE) and Hedera (HBAR), providing readers with an overview of the current landscape of these digital assets.

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.

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.