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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.

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.