NEM Foundation Releases Restructuring Plan Amid Financial Difficulties

The NEM Foundation has released its plan for a financial and organizational restructuring on March 8. The plan comes in the wake of news earlier this year that the foundation was running low on its native XEM tokens.

On Feb. 20, the foundation decided to release 210 million XEM tokens ($8.7 million) from reserves,

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Tezos Foundation Taps ‘Big Four’ Firm PwC for Independent Audit


Major auditing firm PricewaterhouseCoopers (PwC) Switzerland has agreed to conduct an independent audit of the Tezos Foundation’s finances and operations, the foundation announced on Monday.

PwC, considered one of the “Big Four” auditing firms, will review the finances of the Tezos Foundation, which is holding hundreds of millions of dollars worth of cryptocurrencies and other assets raised from the project’s then-record initial coin offering (ICO) in summer 2017.

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Blue Whale Foundation – Powering Smart Cities and Championing the Sharing Economy


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