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Following a Jan. 18 announcement of a new L2 network that would run on top of the Conflux chain, CoinMarketCap reported that CFX saw 16.7% losses, currently at $0.1864.
Conflux network- Chinese Ethereum Conflux enables creators, communities, and markets to connect across borders and protocols. Tree-Graph consensus algorithm Confluxs consensus is a hybrid mechanism that combines PoW and PoS.
Conflux Network, a hybrid proof-of-work/proof-stake blockchain, has announced an “EVM-compatible Bitcoin Layer 2 solution” as it looks to unlock the flagship cryptocurrency's potential. Targeted interaction include smart contracts capability, core to decentralised finance (DeFi) and blockchain-based applications.
Conflux Network introduced an EVM-compatible layer-2 solution that can interact with Bitcoin amid growing interest in crypto's largest blockchain.
This article is all about the CFX price and whether will it continue to rise. Let's take a look at this in more detail.
Conflux Network added bitcoin payment gas fees, increased security for third-party smart contracts and other upgrades in the new addition.
Conflux Network, a China-based blockchain organization, has recently unveiled plans for a groundbreaking EVM-compatible Bitcoin Layer 2 (BTC L2) solution. This announcement propelled its native token Conflux (CFX) to gain over 8%.
Conflux Network: Building a multi-chain ecosystem to enable creators, communities, and markets to connect globally across borders and protocols. It is a layer 1 blockchain and uses POS and POW for consensus.
The Securities and Exchange Commission (SEC) has yet to approve either a Bitcoin or an Ethereum ETF in the US. With several applications under review, Fidelity has joined the race for the Ethereum ETF. The asset manager's filing was officially acknowledged by the SEC, which has been a catalyst for ETH's price uprising.
The transition from November to December has been bullish for the crypto market. Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, have both seen substantial inflows and double-digit gains in the last fortnight, propelling them to multi-month highs.
According to CoinMarketCap, Casper (CSPR), Pepe (PEPE), ORDI (ORDI), and Conflux (CFX) have topped the list of the top gainers in the last 24 hours. Casper (CSPR) leads the list, with bulls rising from an intra-day low of $0.03503 to a 30-day high of $0.05057 before a modest pullback.
The crypto market is again showing resilience and amid the fluctuations, the best crypto to buy on December 5 are Stacks (STX), Conflux (CFX), and ORDI. Addressing the recent bull market, the whole crypto market has experienced a major price gap between the top 100 and top 200 tokens.
Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.
After over two years of operation and maintenance by the Conflux Foundation, ShuttleFlow, a multi-asset bridge built on Conflux, is set to shut down. Per the announcement, the platform was pivotal in driving progress within the decentralized finance (DeFi) arena, enabling “seamless” asset transfers across various chains.
ShuttleFlow will change ownership to be operated and developed by Zero Gravity.
Bitcoin (CRYPTO: BTC) moved lower, but the cryptocurrency prices traded above the key $34,000 level on Friday. Ethereum (CRYPTO: ETH) also traded lower, falling below the key $1,800 mark this morning.
The cryptocurrency market saw an eventful week with bluechips, memecoins and gaming tokens all taking part in the rally, signaling that crypto winter might be thawing. Floki Inu (FLOKI) topped the list with a whopping 85% gain as the memecoin continued its recent price surge, partially due to the TokenFi platform announcement.
Bitcoin (BTC/USD) price has surged hard in the past few days. The rally gained steam on Tuesday as the coin surged to over $35,000, the highest level since May last year. In all, BTC price has soared by more than 125% from the lowest level this year.
Although the majority of assets in the cryptocurrency sector have started to record gains triggered by the news that the United States Securities and Exchange Commission (SEC) has withdrawn its case against the executives of blockchain company Ripple, some cryptos have not yet felt its effect.
Bitcoin (CRYPTO: BTC) edged lower, with the cryptocurrency prices trading below the $28,400 level on Wednesday. Ethereum (CRYPTO: ETH), also fell slightly, trading below the key $1,600 mark this morning.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $27,500 level on Monday. Ethereum (CRYPTO: ETH), also moved lower, trading below the key $1,600 mark this morning.
The partnership between LayerZero and Conflux Network is set to significantly enhance the capabilities of China Telecom's BSIM card ecosystem.
Conflux and LayerZero have officially announced their strategic partnership.
LayerZero, the interoperability protocol fresh off a deal with Google Cloud, is eyeing expansion into China.
