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According to Coinmarketcap, Conflux (CFX) surged its price up 102.88% in a week and is currently showing a unique bullish sign. Related Reading: How Binance Moved $400 Million To CZ Owned Trading Firm CFX is the native cryptocurrency of the Conflux network that was created by renowned Chinese computer scientist Dr. Andrew Chi-Chih Yao in 2018.
Conflux network token CFX has seen its price rise by more than 150% in less than two days, following news of a partnership with China Telecom to issue blockchain-based SIM cards. Thus, the Conflux network has once again lived up to the name "China's Polygon (MATIC)," which is renowned for its partnerships with major corporations.
Conflux Network (CFX) surged 134% in the last 24 hours to $0.14460 at the time of writing, according to CryptoSlate's data.
A little-known altcoin is skyrocketing after inking a massive partnership deal with a Chinese telecommunications giant. In a new video update, the development team behind Conflux Network (CFX), thought to be the only regulatory-compliant blockchain in China, is announcing a new partnership with China Telecom, one of the largest wireless carriers in the country.
Conflux's native $CFX has posted an over 44% gain following the positive news with China Telecom.
According to Conflux, the BSIM will have a secure place to store digital private keys and will support transfer and exchange of NFTs.
China's second-largest telecom provider will pilot blockchain-enabled SIM cards later this year in Hong Kong, developed with Conflux Network.
Toronto, Canada, 15th February, 2023, Chainwire Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year.
The price of Conflux (CFX/USD) is soaring after Conflux Network today announced a partnership with China Telecom (NYSE: CHA) to introduce Blockchain SIM (BSIM) cards. The product intends to loop in most web3 users and applications.
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Toronto, Canada, 15th February, 2023, Chainwire Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market.
The proposal to burn CFX was put forward by the chief technology officer of Conflux Network (CFX). In pursuit of improving the tokenomics of the Chinese blockchain, Ming Wu proposed burning a portion of CFX, which is storage collateral.
Four altcoins flying under the radar are generating big gains as the crypto markets continue to flash signs of strength. One of the best-performing altcoins this week is CFX, the native asset of multi-chain ecosystem Conflux Network. CFX rallied from a seven-day low of $0.028 to a high of $0.
Conflux, the native token of the layer 1 Conflux blockchain, soared by 60.25% on Thursday after it announced it had integrated Little Red Book, China's version of Instagram. Conflux received a $5 million research grant from Shanghai's government in 2021.
China's Instagram, Xiaohongshu, integrates Conflux, sending prices up 140%
The token and its NFTs have been integrated into Little Red Book
Conflux native token (CFX) has surged up to 60% in the last 24 hours, following the protocol's successful integration with the Chinese app called Little Red Book.
The price of Conflux (CFX/USD) has shot up by more than 65% today after Conflux blockchain announced that it had integrated Little Red Book, the Chinese version of Instagram. Besides the CFX price skyrocketing, the coin's trading volume across all crypto exchanges has also surged by more than 459% to $84.161 million.
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