Chinese authorities also aim to improve regulations regarding the determination of data ownership, data trading, and the distribution of economic rights. Making cross-border data flows more efficient and secure is also among the components of the new economic strategy.
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Conflux ($CFX) Price Rises Following China News
China’s announcement regarding its national blockchain network has increased investor interest in China-linked projects, resulting in a notable price movement for Conflux ($CFX).
According to Binance data, $CFX surged from around $0.0505 on October 10th to over $0.059. This represents a gain of approximately 17% compared to its intraday lows.
$CFX, trading at around $0.0582 at the time of writing, showed a recovery after a brief period of sharp selling.
*This is not investment advice.
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