
Chia Network’s CEO Gene Hoffman Confirms IPO Is Still at Play
Chia Network confidentially filed an amended S-1 form with the US Securities and Exchange Commission at the end of March 2024.
Chia Network confidentially filed an amended S-1 form with the US Securities and Exchange Commission at the end of March 2024.
Chia said that they identified a major security vulnerability in the token’s standard following which they decided to re-issue their CAT asset tokens.
Chia says it will realease a peer-to-peer product for wallet holders and also launch a USD stablecoin with help from Stably.
On August 12, 2021, the Global Chia Hackathon, organized by Sirius Labs and supported by Chia Network, officially opens for submissions.
The Chia Network has been consistent in the development of its ecosystem. Just last week, it was reported that the project released its official pooling protocol.
Sirius Labs has debuted Global Chia Hackathon, in cooperation with Chia Network, to invite developers around the world to build the foundation of Chia.
The incoming executive finds Chia’s approach as a good inclusive and efficient financial solutions alternative.
Chia Network’s IPO is expected to clarify its regulatory environment and protect customers from market volatility by allowing them to use currency.
It is essentially clear that the mining of Chia coin comes with its own challenges, even though it takes less energy compared to Bitcoin as it is based on the Proof-of-Stake (PoS) model.
Chia eyes an IPO in the course of the year. If presented with a lucrative SPAC deal the company wouldn’t shy away from exploring the opportunity.
Things will soon go back to normal. Even after going to lows of $688.43 in the last 24 hours, Chia Coin bounced back to an uptrend and was trading at $1,019.2 at the time of writing.
Chia coin market price has jumped by approximately 30% in the past two weeks but now it is down nearly 30% in the last 24 hours.
Bram Cohen, the founder of the Chia network, has warned against the use of unofficial mining pools as they may pose significant threats to the miners.
The hype generated around the Chia Coin is about to take a new leap as Huobi Global has announced its plans to list the digital currency.
Though initially Tesla was strongly interested in Bitcoin, now the company will look for its “green” alternatives.