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The San Francisco-headquartered firm fired 26 employees in an effort to go public despite banking challenges. Chia Network Inc., the firm behind the Chia blockchain, has cut 26 “positions” as it still eyes an initial public offering. We’re sharing the difficult news that we eliminated 26 positions across Chia Network today. We
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Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CryptoX, further delaying what Chia had hoped would be a rapid path to listing as a public company. Source
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"Chia can facilitate the integration of different carbon markets, making it easier for participants to trade credits across borders and platforms," said Mark Lyra, senior director at SCOA, said. "This can increase the liquidity and overall value of the carbon market, including the creation of new carbon asset classes." Source
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On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator
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The size and price range for the offering has yet to be determined. Source
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The Chia Network blockchain said April 14 that it had submitted a proposal for an initial public offering (IPO) to the United States Securities and Exchange Commission (SEC). The size and price range of the offering have not been determined, the company said. The proposal was submitted confidentially and the announcement
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A number of blockchain protocols hire auditors to look for weaknesses, but token re-issuances are infrequent. Hainsworth said that as “an enterprise and institutional-focused blockchain,” the company has made security issues a priority and conducts regular audits of new releases. Chia engaged Trail of Bits, a respected security audit firm,
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Chia Network, the energy-efficient, blockchain and smart transaction platform created by BitTorrent founder Bram Cohen, is launching native, peer-to-peer exchange services for Chia wallet holders, the company said Tuesday.To support the product, called Offers, the company said that it was partnering with Stably to launch USDS on the Chia blockchain.
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The platform, which will be shared free of charge with other countries, will also operate national registries “to manage carbon inventory, climate registry, and record bilateral corresponding adjustments with trades to shift credits among countries,” Chia announced. Source
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The Bram Cohen-founded firm, which aims to reduce public blockchains’ energy dependency, is developing a model that will enable countries to share information on carbon credits and other climate-related issues.Nov 5, 2021 at 6:43 p.m. UTCUpdated Nov 5, 2021 at 8:18 p.m. UTCChia Network founder Bram Cohen (Chia) Original Source
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