Currencies33061
Market Cap$ 2.86T+1.50%
24h Spot Volume$ 49.68B+4.82%
DominanceBTC60.72%+1.08%ETH6.65%-2.49%
ETH Gas0.37 Gwei
Cryptorank
MainNewsXCH jumps 8%...

XCH jumps 8% as Chia Network submits proposed IPO registration to SEC


Apr, 14, 2023
1 min read
by CryptoSlate
XCH jumps 8% as Chia Network submits proposed IPO registration to SEC

Blockchain network Chia Network (XCH) submitted a draft registration statement on Form S-1 for a proposed initial public offering (IPO)to the U.S. Securities and Exchange Commission, according to an April 14 press statement.

Chia said the size and price range for the proposed offering were yet to be determined. The blockchain network added that the IPO “is expected to commence after the SEC completes its review process.”

In February, CEO Gene Hoffman hinted that the company was working to register with the financial regulator. At the time,  Hoffman said the company planned to register Chia equity with the SEC to make its operation legal.

Hoffman also argued that the blockchain network’s XCH token was not a security because it had not been sold to the public.

Following the news, XCH rose by nearly 9% to $44.253 as of press time, according to CryptoSlate data.

Chia introduces ‘clawback’ feature

Meanwhile, the Chia network has introduced a clawback feature into its blockchain network.

The feature would allow its users to revert sent XCH and TXCH transactions without impacting the immutability of the blockchain. According to the network, the clawback tool provides the same general functionality and security as traditional banks with transaction reversal tools.

“The clawback tool functions as an intermediate coin that cannot be sent to a destination address until a designated time lock has expired. The timelock offers a buffer window for users to “claw back” and return the intermediate coin to their wallet as standard XCH.”

The post XCH jumps 8% as Chia Network submits proposed IPO registration to SEC appeared first on CryptoSlate.

Read the article at CryptoSlate

Read More

Coinbase launches asset recovery tool for lost Solana tokens

Coinbase launches asset recovery tool for lost Solana tokens

Coinbase has expanded its self-service asset recovery tool to include lost tokens on ...
Apr, 22, 2025
2 min read
by CryptoSlate
MANTRA CEO initiates burn of 150M OM allocation, aims to bring total burn to 300M tokens

MANTRA CEO initiates burn of 150M OM allocation, aims to bring total burn to 300M tokens

MANTRA founder and CEO John Patrick Mullin has initiated the burn of his full 150 mil...
Apr, 21, 2025
2 min read
by CryptoSlate
MainNewsXCH jumps 8%...

XCH jumps 8% as Chia Network submits proposed IPO registration to SEC


Apr, 14, 2023
1 min read
by CryptoSlate
XCH jumps 8% as Chia Network submits proposed IPO registration to SEC

Blockchain network Chia Network (XCH) submitted a draft registration statement on Form S-1 for a proposed initial public offering (IPO)to the U.S. Securities and Exchange Commission, according to an April 14 press statement.

Chia said the size and price range for the proposed offering were yet to be determined. The blockchain network added that the IPO “is expected to commence after the SEC completes its review process.”

In February, CEO Gene Hoffman hinted that the company was working to register with the financial regulator. At the time,  Hoffman said the company planned to register Chia equity with the SEC to make its operation legal.

Hoffman also argued that the blockchain network’s XCH token was not a security because it had not been sold to the public.

Following the news, XCH rose by nearly 9% to $44.253 as of press time, according to CryptoSlate data.

Chia introduces ‘clawback’ feature

Meanwhile, the Chia network has introduced a clawback feature into its blockchain network.

The feature would allow its users to revert sent XCH and TXCH transactions without impacting the immutability of the blockchain. According to the network, the clawback tool provides the same general functionality and security as traditional banks with transaction reversal tools.

“The clawback tool functions as an intermediate coin that cannot be sent to a destination address until a designated time lock has expired. The timelock offers a buffer window for users to “claw back” and return the intermediate coin to their wallet as standard XCH.”

The post XCH jumps 8% as Chia Network submits proposed IPO registration to SEC appeared first on CryptoSlate.

Read the article at CryptoSlate

Read More

Coinbase launches asset recovery tool for lost Solana tokens

Coinbase launches asset recovery tool for lost Solana tokens

Coinbase has expanded its self-service asset recovery tool to include lost tokens on ...
Apr, 22, 2025
2 min read
by CryptoSlate
MANTRA CEO initiates burn of 150M OM allocation, aims to bring total burn to 300M tokens

MANTRA CEO initiates burn of 150M OM allocation, aims to bring total burn to 300M tokens

MANTRA founder and CEO John Patrick Mullin has initiated the burn of his full 150 mil...
Apr, 21, 2025
2 min read
by CryptoSlate