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Most cryptocurrencies are experiencing a significant sell-off, a development that has eroded their market capitalization. However, despite this trend, certain select assets still hold potential for upside in April, buoyed by key underlying fundamentals.
The Chinese government announced the launch of a “super-large-scale” public blockchain infrastructure platform with Conflux Network.
The Chinese government has introduced a new public blockchain infrastructure platform led by Conflux Network, a multichain blockchain ecosystem under the Conflux Foundation.
In a significant move, China has collaborated with Conflux Network to introduce a new public blockchain infrastructure platform to bolster the Belt and Road Initiative through advanced cross-border applications. Conflux Network Spearheads Launch of New Blockchain Platform for Belt and Road Initiative Conflux Network has led the launch of the Chinese governments new public blockchain infrastructure platform, Cointelegraph reported.
While taking a quite rigorous position on cryptocurrencies, the government of China issued a statement of launching a dialogue blockchain infrastructure system jointly with Conflux Network. It is the ultra-large-scale blockchain infrastructure platform for the Belt and road initiative that is the core of this plan.
The Chinese government has unveiled an ambitious project titled “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” with Conflux Network leading the charge. This initiative aims to establish a robust public blockchain infrastructure platform, facilitating cross-border applications and fostering collaboration along the Belt and Road Initiative routes.
TL;DR The Chinese government has launched a blockchain initiative called “Ultra-Large-Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” led by Conflux Network. The main goal of the project is to establish a public blockchain infrastructure to support cross-border cooperation projects along the Belt and Road Initiative.
Conflux Network is supporting the Chinese authorities in developing a blockchain platform aimed at boosting international infrastructure.
The Chinese authority has tapped on Conflux Network to build a Blockchain project for the “Belt and Road Initiative”. The project announcement comes at a time when China's blockchain is advancing at a fast pace to be a leader in the global setup.
China is launching a blockchain project for the Belt and Road Initiative, led by Conflux Network.
The blockchain initiative comes despite mainland China's hostile attitude toward cryptocurrencies.
Bitcoin (CRYPTO: BTC) moved lower, but the cryptocurrency prices remained above the key $70,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, falling below the key $3,600 mark this morning.
US dollar-pegged stablecoins have an undeniable dominance of the stablecoin market. This has raised concerns among industry players who feel that an HKD stablecoin may not be necessary after all.
Conflux and AnchorX are conducting beta-testing of AxHKD, designed to maintain a 1:1 peg with the Hong Kong dollar.
The Nvidia GPU Technology Conference (GTC) on March 18-21 will be a major push for artificial intelligence (AI) as the world's leading technology company Nvidia goes for transformative moment on AI. With blockchain and crypto companies available in the conference, Nvidia will unleash the power of AI with its AI supercomputer, generative AI, Nvidia Picasso,
In a significant move that marks a new era in the fusion of traditional finance with blockchain technology, Conflux Network has taken a pivotal role in the beta-testing phase of AxHKD, a stablecoin pegged to the Hong Kong Dollar (HKD).
Conflux Network, a public blockchain in China, has announced testing of the AxHKD stablecoin, backed by the Hong Kong dollar.
Conflux Network, which claims to be the only regulatory-compliant, public, and permissionless Layer-1 blockchain in China, on Friday announced its role in launching Hong Kong's first Hong Kong dollar-backed stablecoin axHKD with fintech company AnchorX. Conflux Network and AnchorX Announces axHKD Stablecoin AnchorX, a Hong Kong-based fintech company, has partnered with Conflux Network for scalability
In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor emerged as frontrunners, boasting increases from 19.2% to an impressive 39.7%.
Conflux has launched Jay Chou's ‘Fantasy Music Metaverse,' a platform merging music, technology, and virtual reality to transform fan interaction. This venture seamlessly integrates with Web2 platforms, offering a smooth transition between the traditional internet and Conflux's decentralized features, immersing users in a world where digital and physical realities coalesce.
The market research platform Layergg shared on X that the AI narrative was gaining attention. This followed a post by Ethereum (ETH) co-founder Vitalik Buterin, which Layergg referenced.
Conflux Network's CFX token gained over 13% amid a ‘strategic partnership' agreement with Asia-based venture studio BlockBooster.
The crypto prices today a rather volatile session for the top digital currencies, including Bitcoin (BTC). The Bitcoin price surged past $42,000 lately, marking a massive rebound after falling below $39,000.
The Conflux price continues it struggle to break out of its key resistance level at $0.2297, indicating a strong liquidation point at that level. Further, the CFX coin price has jumped over 14% within the past day, making it one of the top gainers of the day.
