Hedera-BlackRock Partnership News Clarified: 'No Official Agreement Yet'

IconCrypto News Terminal24 Apr, 2024

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Hedera-BlackRock Partnership News Clarified: 'No Official Agreement Yet'

**Hedera-BlackRock Partnership Rumors Debunked** Amidst the recent surge in HBAR's price, stemming from rumors of a partnership with BlackRock, Cointelegraph has clarified that the supposed partnership is not yet official. According to the media outlet, Hedera's announcement on a social media platform suggested it was "tokenizing BlackRock's ICS US Treasury Money Market Fund (MMF)" and "bringing the world's largest asset manager on-chain." **Cardano Founder Raises Doubts** Cardano Ghost Fund DAO founder Chris O'Connor questioned the validity of the partnership, stating, "If I buy a Rolex and take a picture of it to post on social media, does that mean our DAO is partnering with Rolex?" **HBAR Price Unaffected** Despite the clarification, HBAR's price remains significantly elevated, currently trading at $0.1642, marking an 83.08% increase. **Previously on April 23, 2024:** Rumors of a Hedera-BlackRock partnership emerged after Hedera's announcement on social media.

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