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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.
Key Points: DWF Labs, a Web3 venture capital organization, has announced that it recently purchased the CFX token of Conflux, an $18 million public chain project, cementing a long-term partnership. DWF Labs, a global digital asset market maker, and multi-stage Web3 investment firm, has further strengthened its commitment to support Conflux's growth.
Conflux (CFX) has recently captured the attention of the cryptocurrency market with its impressive growth. In just one week, Conflux has experienced a remarkable surge, placing CFX among the top-performing altcoins of the moment and positions it as a legit investment opportunity for crypto enthusiasts and traders alike.
The cryptocurrency market is experiencing an interesting resurgence, with various assets showing modest gains in recent hours.
China's MATIC, Conflux (CFX), is among the most promising altcoins in the digital currency ecosystem considering its price outlook. The digital currency is changing hands at a spot price of $0.251, up by 21% over the past 24 hours as it duly capitalized on the growth momentum of the broader crypto ecosystem.
The crypto market is currently on a rebound, with several assets recording little gains in the last few hours. Conflux (CFX), one of the trendiest assets of 2023, has gained by 20.17% in the last 24 hours, emerging as the second biggest daily gainer, according to CoinMarketCap data.
Bitcoin price continued its recovery as sentiment in the crypto industry improved. The coin jumped to $29,000, much higher than last week's low of $24,700. Other cryptocurrencies have also surged, bringing the total market cap of all cryptocurrencies tracked by CoinMarketCap jump to over $1.13 trillion.
The market is currently experiencing a downturn fueled by an unsettling combination of FUD (fear, uncertainty, and doubt). Adding to this challenging situation is the recent lawsuit filed against Binance by the US Securities and Exchange Commission.
Cryptocurrency prices staged a strong recovery even as the Securities and Exchange Commission (SEC) continued its battle against digital coins. On Monday, the SEC launched a lawsuit against Binance and CZ, as we wrote here. And on Tuesday, it sued Coinbase, the biggest crypto company in the United States.
The Hong Kong SFC's announcement to allow trade in specific cryptocurrencies has triggered an uptick in crypto adoption among market participants. Amid this development traders also showed significant interest in Chinese-related crypto projects and are expected to witness a notable surge in the near future.
BeInCrypto looks at the five biggest altcoin losers in the entire crypto market this week, specifically from May 26 to June 3.
As June 1 draws closer and the Hong Kong and Chinese investors look forward to legally trading cryptocurrencies once more, the market has already turned bullish. So far, Chinese coins have led the pack when it comes to gains, so here are three of the most popular Chinese tokens likely to rally if the bullish trend continues.
