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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have started to record gains triggered by the news that the United States Securities and Exchange Commission (SEC) has withdrawn its case against the executives of blockchain company Ripple, some cryptos have not yet felt its effect.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.
Bitcoin (CRYPTO: BTC) edged higher, but the cryptocurrency prices traded below the $26,000 level on Tuesday. Ethereum (CRYPTO: ETH), meanwhile, moved lower, trading below the key $1,600 mark this morning.
Conflux is set to receive a major hard fork upgrade. The Conflux Network (CFX) hard fork is scheduled to occur at the Conflux epoch of 79,050,000 and will not result in new tokens being created.
Binance plans network upgrades and hard forks for Shentu and Conflux Network next week, suspending deposits and withdrawals, but reopening once stable.
Conflux, the first public blockchain that complies with Chinese government regulations, has announced a partnership with the first and only globally blockchain-based mobile network, World Mobile. The collaboration's end goal is to promote the wider availability of blockchain-based mobile services.
A new partnership between Conflux Network (CFX), China's first regulatory-compliant public blockchain, and World Mobile, a global mobile network based on blockchain, aims to expand blockchain-based mobile access. The collaboration follows the successful launch of Conflux's BSIM, which saw its CFX token surge over 100%.
Conflux (CFX) has recently recorded a significant price rise following a few days of bearish movements. According to data from CoinMarketCap, CFX has gained by 11.39% in the last 24 hours, emerging as the day's top gainer.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $30,600 level on Wednesday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,800 mark this morning.
BeInCrypto looks at the five biggest crypto losers in the entire crypto market this week, specifically from June 30 to July 7.
Conflux (CFX) has had a positive run so far in 2023, placing itself amongst the best-performing altcoins in the first half of the year. However, the “Chinese Ethereum” has been trading in the red in the past few days.
The cryptocurrency sector faced several challenges at the beginning of 2023 as it attempted to recover from the bear phase of the previous year while also dealing with prevailing macroeconomic factors.
Conflux token's dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.
DWF Labs, a prominent market maker, has made a substantial investment in Conflux, a leading blockchain platform.
Conflux has had a stellar performance in 2023, with the highlight being its partnership with China Telecom to roll out blockchain SIM cards.
