DAR BLOCKCHAIN November Newsletter
Last Month's Recap and What's Next: DAR BLOCKCHAIN Update
Hello DAR BLOCKCHAIN Community, welcome to your source for all the cutting-edge updates and thrilling developments in our universe this November. We're thrilled to be your gateway to a world of community-driven enthusiasm, groundbreaking innovation, and, of course, a touch of excitement. It's time to embark on this thrilling journey with us, so without further ado, let's dive right in!
New Friends for DAR BLOCKCHAIN: ESPRIT and SUPCOM schools
We're super excited to tell you about our new pals - Esprit School and Supcom School. Not only that, but we've alreadykicked off our training with them and will start using Hashgraph for some really cool projects. This is just the beginning! We've got more awesome partnerships in the pipeline with other schools. Together, we're going to learn, research, and do big things with blockchain. So, stay tuned for updates!
The DAR BLOCKCHAIN and Hashgraph Hackathon
Are you up for a challenge? We're getting ready to host our first hackathon later this month. It's a chance for tech students who have earned their Hedera certifications and blockchain fans to come together, learn, and build cool things. We'll tell you all about it very soon, so keep an eye out!
From Ancient Currencies to Digital Marbles: Exploring the Blockchain Revolution
Join us on a journey through time as we delve into the fascinating world of cryptocurrencies and blockchain technology. In our latest article on Medium, 'From Ancient Currencies to Digital Marbles,' we unravel the historical evolution of currency, from primitive accounting systems to the innovative blockchain. Inspired by the wisdom of Cicero, who believed that history serves as a guide for the present, we explore the origins of blockchain and the challenges it addresses. Discover how blockchain, as both a technological marvel and a response to historical monetary needs, is changing the way we perceive value and engage in digital exchanges. Read the full article to unlock the secrets of this revolutionary technology and its transformative potential.
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?DARBLOCKCHAIN at Forum ISI ENREPRISES
We recently took part in the Forum ISI ENREPRISES, put-on by Codex Junior Enterprise on November. It was a great chance for us to meet students, pros, and people who love blockchain. We shared our story and talked about what makes us excited: DAR BLOCKCHAIN, web3, and the awesome possibilities of blockchain tech. It was a blast!
We will be at NEARCON IRL Hackathon
Get ready for an exciting experience at the NEARCON IRL Hackathon in Lisbon, Portugal. We'll be on-site for the Submission Period from November 7th to November 10th and the Judging Period on November 17th.
Stay tuned for more updates on the innovative solution we'll be bringing to this event. We can't wait to embark on a journey of exploration and creativity with blockchain technology, and we'd love to hear your thoughts and ideas along the way.
Now, let's shift our focus to some of the latest developments in the world news.
Fed Keeps Rates Steady, Bitcoin at $34.5K
On November 1, 2023, the U.S. Federal Reserve's Federal Open Market Committee (FOMC) decided to maintain its benchmark fed funds rate range between 5.25% and 5.50%. The FOMC expressed concerns about tighter financial and credit conditions impacting the economy, hiring, and inflation. Bitcoin remained relatively stable at just above $34,500, indicating reduced intraday volatility during FOMC decision days, likely due to the Fed nearing the end of its rate hike cycle. While correlations between Fed decisions and Bitcoin's medium-term direction have weakened, significant intraday volatility is still expected during FOMC hours. Market attention now shifts to Fed Chairman Jerome Powell's post-meeting press conference for insights into future central bank policies and their potential effects on the blockchain and cryptocurrency sectors.
Altcoins Surge as Bitcoin Crosses $35K Post-FOMC
Altcoins, led by Solana (SOL) with a 16% rally, made significant gains after the Federal Reserve's widely expected policy hold. Bitcoin, making a late move, reached a 17-year high above $35,500. It was trading around $35,400, marking a 1.7% gain in the past 24 hours, breaking the $35,000 resistance. Solana hit a 14-month high with a 16% gain, and other layer 1 blockchain tokens rose by 6% to 10%. DeFi tokens rebounded, with Uniswap (UNI) and Aave (AAVE) rising 15% and 10% respectively. Ether (ETH) outperformed Bitcoin by nearly 2%. SafeMoon's token (SFM) plummeted over 50% due to legal actions. Amid the Fed's decision to maintain rates, the crypto market remained lively, driven by altcoin momentum and Bitcoin's push above $35,000.
Your support means the world to us, and we can't wait to do amazing things together. Watch out for more updates, and let's shape the future of blockchain as a team!