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A BlackRock spokesperson confirmed the firm wasn't directly involved in Archax and Ownera's decision to tokenize BlackRock's ICS Treasury Fund on Hedera.

Hedera is a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hash graph consensus algorithm. Main features Transaction per second 10000+ Average fee- $0.0001 Transaction confirmation- 3-5 seconds HBARUSD showed a minor correction after a massive rally.

In a surprising turn of events, the native token of the decentralized ledger platform Hedera, HBAR, experienced a significant price surge of over 100% during the early hours of Tuesday. Starting from a low of $0.0875, HBAR skyrocketed to reach the $0.1821 mark by Wednesday.

Graham Rodford, CEO and Co-Founder of Archax, has spoken on the X platform to provide clarity on BlackRock and the tokenization of funds on the Hedera blockchain. In the course of the price spike of Hedera's (HBAR) token that followed the announcement of tokenization of the ICS US Treasury Fund by BlackRock, doubts arose regarding

HBAR, the native cryptocurrency of Hedera Hashgraph, hit $0.18 on April 24 after a staggering 100% daily-timeframe rally. What happens next?

Hedera's native HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain. CoinDesk's Jennifer Sanasie breaks down the roller-coaster ride of the HBAR token on "Chart of the Day.

The current surge in the cryptocurrency market has put a spotlight on five altcoins to buy: Hedera (HBAR), Polygon (MATIC), Sei (SEI), Fantom (FTM), and Beam (BEAM). Each of these digital currencies offers innovative solutions and is gaining traction in the industry, making them compelling choices for investors looking to allocate a $1,000 investment.

In a seismic shift for the digital asset realm, Hedera Hashgraph's native cryptocurrency, HBAR, has soared to unprecedented heights, registering a monumental 100% surge in value within a single day. This remarkable upswing comes hot on the heels of a groundbreaking partnership announcement between Hedera and financial behemoth BlackRock, igniting a fervent buzz within the cryptocurrency community and beyond.

Hedera Hashgraph's native HBAR registers a remarkable upswing following BlackRock's asset tokenization announcement.

Archax, a London-based digital asset exchange, broker, and custodian, has partnered with The HBAR Foundation to extend its tokenization services to the BlackRock ICS US Treasury money market fund (MMF), marking a significant advancement in merging traditional financial assets with blockchain technology.

Hedera is a hot crypto on Wednesday as shares remain high amid volatility following a misunderstanding for investors in HBAR.

While Bitcoin targets a bounce above $67k, there are altcoins outperforming most of the other tokens amid huge developments. Hedera (HBAR) and Floki (FLOKI) are among the top performers today. Amid this surge for HBAR and FLOKI, a new token is creating all the buzz in the presale market – Bitbot (BITBOT).

HBAR skyrocketed after an announcement that name-dropped BlackRock, but the price is now falling as the investment giant says it's not directly involved.

Find out why the price of Hedera (HBAR) doubled in just one day! Explore the reasons behind this sudden jump in the cryptocurrency's value.

Hedera (HBAR), the token behind Hedera Hashgraph, held a spectacular rally at the start of the new week. HBAR peaked at $0.18, its highest price for the past two years, doubling its price overnight.

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $66,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,200 mark this morning.

The Hedera token experienced a massive surge of over 100% to its portfolio following a hoax news breakout of its partnership with Archax to tokenize BlackRock's ICS US Treasury money market funds on its blockchain. However, the news was later clarified to be a rumor.

The last 24 hours have been the most eventful for Hedera (HBAR) traders in well over a month as a BlackRock-related misunderstanding caused the token to rapidly rocket from $0.09 to $0.17 within 2 hours, only to start dropping again.

The cryptocurrency market this week necessitates a thorough analysis that illuminates some of the top performers. Each coin, from Hedera Coin to Solana Coin and Bonk Coin, can be distinguished from the others based on their characteristics and potential for growth.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 24, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

The price of Hedera (HBAR) has surged dramatically in the short term, at one point experiencing triple-digit gains within the last 24 hours amidst alleged connections to the world's largest investment firm, BlackRock (NYSE: BLK).

TL;DR Hedera's HBAR token experienced a significant price surge of over 107% due to a misinterpretation of news involving BlackRock's ICS U.S. Treasury money market fund being tokenized on its blockchain. The news led to rumors that BlackRock had selected Hedera for its fund tokenization project.

When the crypto community became aware of the situation, Chris O'Connor, the founder of the Cardano Ghost Fund DAO, criticized the Hedera Foundation for what he perceived as misleading the public.

Misunderstandings and misplaced bullishness have led to a rollercoaster ride for Hedera Hashgraph (HBAR) in the past 24 hours. The crypto coin's price soared more than 105% yesterday on April 23rd during trading hours, only to tumble rapidly by more than 20% afterwards. Today, Hedera is still trading higher than yesterday's opening price of $0.