'China's MATIC' Conflux (CFX) Is Officially Unicorn as $1 Billion Market Cap Is Achieved

action, but the fact that it resulted in the market capitalization of the Conflux Network token surpassing the $1 billion mark for the first time. CFX has thus become something of a unicorn, as start-ups achieving such valuations are called, and now takes the 55th place in the ranking of the largest cryptocurrencies. Amusingly, according to CoinMarketCap, the token had a market capitalization of less than $50 million at the start of the year.

, earlier this year. At the same time, it emerged that Conflux Network was the only regulatory-compliant blockchain in China and even managed to collaborate with McDonalds in its home country.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

General Motors' China business is hurting, and it's not just because of CovidGM's market share in the country, including its joint ventures, has plummeted 34% since 2015, for multiple reasons. Bail um out. It’s because GM makes crappy cars. Soon they’ll be making crappy electric cars. GM is hurting all over. Let's celebrate the month of women though.
Source: CNBC - 🏆 12. / 72 Read more »