
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.
Chia (XCH) price is down approximately 84% since hitting its all-time high of around $1,645.
Backblaze found out that maintenance of 150 petabytes capacity disks would cost $175,000 every week.
Chia Network’s IPO is expected to clarify its regulatory environment and protect customers from market volatility by allowing them to use currency.
Chia coin price went up as Sabrent unveiled new plotting options which will potentially improve hard disk resilience and help plotter better manage the damage attributed to XCH mining.
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.
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.
Chia Coin uses a proof-of-space system that relies on the storage capacity of devices used in mining instead of computing power.
Crypto exchange OKEx was the first to announce the listing of Chia Coin (XCH) on its network. XCH is now available on OKEx on its spot trading market.
Currently, Chinese crypto miners are reportedly purchasing HDDs and SSDs with capacities between 4TB and 18TB in bulk. The prices for HDD and SSD are rocketing, and their buying is becoming harder.