With a market valuation of more than $24 billion, #Circle , the creator of the USDC stablecoin, is thinking about doing an IPO in 2024.Although the company and advisors have been talking about a possible #IPO , there is no guarantee that they will move through with a listing.In 2022, Circle made an unsuccessful attempt to go public through a blank-check deal. Circle's strategic goal has always been to become a publicly #trading company in the United States, but they have not responded to the IPO rumours. Financial behemoths like Goldman Sachs, Fidelity, and BlackRock are among Circle's investors. In June 2022, the USDC #Stablecoins , which had a market capitalization of almost $56 billion, saw a sharp decrease.

Initial Farm Offering (IFO) is a fundraising model that helps new DeFi projects raise capital by participating in pre-sales events hosted after stern project vetting by decentralized exchanges.

IFO is a successor of the initial coin offering (ICO), a crowdsourcing method used by cryptocurrency projects to raise funds in the early stages. 

Investors can participate in a pre-sale event that is hosted by the DEX, raising the capital necessary for available projects by investing in native tokens. DEX teams usually prepare a proposed list of the most lucrative projects to launch in the farming event. However, it is worth considering that the tokens acquired via IFO have no clear advantage over those raised through other fundraising models. Despite proper scrutiny by the DEX teams, the value of the token can be affected by the market sentiments.

The most common platform for IFO is PancakeSwap, the users of which can benefit directly from the fundraising. These users are entitled to rewards while the owners of new projects can benefit from the liquidity pool offered by the platform. Most of these tokens are community-driven with little to no control by a specific central authority.

There are two common types of IFO events:

Unlimited Sale: By paying a predetermined fee, the user can stake as many BNB and CAKE tokens as they can.

Basic Sale: A defined number of tokens can be staked and the users are not charged a participation fee.

To be part of an IFO, the first step is to set up an account on any of the DEXs that support this feature. Users then stake CAKE or BNB tokens (according to the participation terms) to take part in the IFO. They must provide liquidity for the farming process. By the end of the process, those users are rewarded with such tokens.

The following are some benefits that could be enjoyed by IFO users:

Elimination of the middle-man. Peer-to-peer transactions are stimulated on the IFO platform, allowing users to save money in the long run even if they are novices in the world of crypto.

IFO maximizes the benefits of trading on DEXs, especially for those who are new to crypto. 

Project fundraising is safe via IFO platforms because of the dual-margin intention.

The decentralization keeps all the transactions and activity transparent for users and investors.

Like all other fundraising events, it is better that each user research the one that suits them the best. However, do your own research properly before investing in any token and keep the factor of volatility in mind. The preceding fundraising models, especially ICO, were heavily reliant on VCs, which meant greater time consumption and unreliable gains. However, being relatively new in comparison to ICO and IEO, some users might not be confident about opting for IFO — but the trend of DeFi may tilt the focus of the market towards IFOs.

#IFO #IPO #ICO #IGO #IDO $ETH $BNB $BTC

In a surprising turn of events, Blackrock, the world's largest asset manager, has filed an application for a spot Exchange-Traded Fund (#ETF ). If approved, this move could have far-reaching implications for the #cryptocurrency industry, and potentially signal a new phase in the US government's approach to digital assets.

The application comes amidst a backdrop of increasing tension between the government and crypto-native companies. Critics argue that this is part of a larger strategy, dubbed 'Operation Chokepoint 2.0', aimed at sidelining these companies in favor of traditional financial firms with strong ties to the government.

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The Securities and Exchange Commission's (SEC recent lawsuit against Coinbase, a leading cryptocurrency exchange, has added fuel to this fire. This legal action is particularly noteworthy given that the SEC approved Coinbase's Initial Public Offering (#IPO ) in 2021. Furthermore, the US government has been using Coinbase as a platform to sell Bitcoin, adding another layer of complexity to the situation.

Now, with Blackrock's spot ETF application on the horizon, it appears that Coinbase will be used for custody on the backend. This move has been described as "hilarious" by some observers, given the seemingly contradictory actions of the government and the traditional financial institutions.

Blackrock's involvement in the crypto space is a significant shift from its previous stance. Just six years ago, the firm's CEO, Larry Fink, dismisser' Bitcoin as an "index of money laundering" when

the digital currency was valued at $6,000. Today, with Bitcoin's value soaring, Blackrock has filed for an ETF, a move that could potentially reshape the crypto landscape.

The final line of the original thread encapsulates the situation perfectly: "Everyone gets Bitcoin at the price they deserve." This statement serves as a reminder that the value of Bitcoin, and indeed all cryptocurrencies, is ultimately determined by the market. Regardless of the power plays and regulatory maneuvers, the market will continue to dictate the price of these digital assets.

In conclusion, the unfolding drama between the US government, crypto-native companies, and traditional financial institutions like Blackrock is a testament to the disruptive potential of cryptocurrencies. As these entities vie for control and influence in this burgeoning industry, one thing is clear: the world of crypto is far from predictable.

Post By: CryptosHeadlines.com

Circle, the firm behind the widely-used USDC stablecoin, is contemplating a public listing by early 2024. This move follows the company’s valuation reaching $9 billion during a previous attempt at an IPO in 2022.

While these plans are still in their initial stages, they underscore Circle’s long-term vision of becoming a publicly traded company in the United States.
Becoming a US-listed public company has been a part of Circle’s strategic goals. A Circle representative stated, “We don’t comment on rumors.”
This decision signals a shift in the company’s strategy, as discussions about an IPO emerge shortly after Circle terminated a merger agreement with Concord Acquisition.
Circle’s Backing and Transparency Ahead of IPO
Circle enjoys substantial financial backing from influential investors like Goldman Sachs, General Catalyst Partners, BlackRock, Fidelity, and Marshall Wace. In a 2022 funding round, they raised approximately $7.7 billion.
As the issuer of the USDC, Circle plays a pivotal role in the crypto sector, facilitating large-scale global transfers of digital assets. To enhance their risk management measures, they recently onboarded a former Goldman Sachs executive.
The path to an IPO is coupled with a strong commitment to transparency. The company plans to regularly release financial reports and has chosen Deloitte as its auditor.
However, Circle’s journey toward becoming a U.S.-listed company may face challenges due to the evolving regulatory landscape surrounding stablecoins in the United States.
Federal Reserve Vice Chair for Supervision, Michael Barr, has recently advocated for regulatory oversight of stablecoin issuers, emphasizing the necessity of U.S. central bank supervision and urging Congress to establish regulatory frameworks expeditiously.
This heightened scrutiny is prompted by concerns about unregulated capital inflows into private digital tokens pegged to fiat currencies, primarily due to apprehensions related to potential money laundering.
Important Note: Cryptosheadlines.com neither supports nor assumes responsibility for the content’s accuracy, quality, advertising, products, or any other materials featured on this page. It is advisable for readers to conduct their independent research before making any cryptocurrency-related decisions. Cryptosheadlines.com holds no direct or indirect liability for any harm or loss, whether actual or claimed, arising from the utilization or reliance on any content, goods, or services referenced herein. Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Circle #IPO

It seems that there is speculation and predictions from various sources about the potential date for Ripple's Initial Public Offering (IPO). According to a Wall Street financial analyst, there is anticipation for Ripple's IPO to take place in May 2024, with a specific date of May 15 being mentioned as the ideal time. However, there have been previous speculations about a potential #IPO date, with September 28 being highlighted as a key date for the anticipated move. These predictions are based on the potential impact of Ripple's IPO on the price of its native token, #XRP with some experts suggesting a significant surge in its price if the IPO materializes.

It's important to note that these are predictions and speculations, and the actual IPO date for Ripple has not been officially confirmed. Therefore, investors and individuals interested in this matter should exercise caution and consider consulting with financial advisors or conducting thorough research before making any investment decisions related to Ripple's IPO.

This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their research and make informed decisions.

XRP community anticipates Ripple making IPO statements at the Ripple Swell conference, which will be held in Dubai.
Read more on: https://thecryptobasic.com/2023/10/28/ripple-may-announce-ipo-at-upcoming-ripple-swell-in-dubai/
#ripple #IPO #crypto #crypto2023 #cryptonews

Any cryptocurrency or blockchain company looking to raise funds to create an app, service or new coin can use an ICO to raise funds.

It is widely seen as the cryptocurrency world’s answer to initial public offerings (IPOs) — and they were especially popular during the crypto bubble of 2017.

Since then, ICOs have come under fire amid concerns that they can be used by scammers and market manipulators. Some projects have also faced action from the U.S. Securities and Exchange Commission because they were deemed to be unregistered securities sales.

An ICO usually begins with a company launching a whitepaper detailing the project’s goals, how many tokens will be mined, and how they will be distributed. In some cases, investors will be given reduced prices if they purchase tokens early on in a campaign — and it can also be possible to receive discounts if cryptocurrencies are used for a purchase instead of fiat.

Tokens sold through an ICO may offer utility, meaning that the owner can exchange them for access to a certain product or service. In rare cases, they may represent an ownership stake in the start-up that launched the listing.

ICOs have hit headlines in recent years for being very risky investments, and some of them have even been identified as exit scams.

Research by the Review of Financial Studies shows ICOs raked almost $13 billion globally between January 2016 and August 2019. Meanwhile, a report by Ernst & Young found that 86% of leading ICOs that launched in 2017 were below their listing price by October 2018.

Key criticisms of ICOs revolve around the ease by which an ICO can be launched without regulatory oversight — meaning that they often draw in inexperienced investors. Owing to their image problem, initial exchange offerings and security token offerings have become much more popular alternatives in recent years.

The SEC has been known to take action against some projects — including Telegram, which was ordered to return a large sum of the $1.7 billion it raised for the Telegram Open Network back to investors.

In March 2020, under a preliminary injunction issued by the District Court for the Southern District Court of New York, Telegram had to return $1.2 billion to investors on top of a civil penalty worth $18.5 million.

#ICO #SEC #IPO #initialcoinoffering #launchpool $BTC $ETH $BNB