NEM Alerts, News and Price NEM

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Latest NEM News

NEM Foundation, on Brink of Bankruptcy, Plans Layoffs and Pivot

NEM Foundation, on Brink of Bankruptcy, Plans Layoffs and Pivot

NEM Foundation president Alex Tinsman is hoping a more disciplined approach can save the community-driven nonprofit behind the world's 18th largest cryptocurrency.

  • 2019-01-31T03:00:20Z
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NEM Reorganizes Non-Profit Foundation Amid Token Price and Funding Woes

NEM Reorganizes Non-Profit Foundation Amid Token Price and Funding Woes

Blockchain asset management platform NEM (XEM) announced it had completely reformed its non-profit NEM Foundation amid financial difficulties in an announcement Jan. 31. The Foundation, which previously had a budget with a monthly burn rate of 9 million XEM (…

  • 2019-01-31T12:21:00Z
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NEM Reorganizes Non-Profit Foundation Amid Token Price and Funding Woes

NEM Reorganizes Non-Profit Foundation Amid Token Price and Funding Woes

Officials say the ongoing low price of their XEM token and poor spending efficiency have led to the need for an urgent restructure.

  • 2019-01-31T12:21:00Z
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(+) Crypto Winter’s First Victim; NEM Foundation Crumbles as XEM Coin Price Sinks

(+) Crypto Winter’s First Victim; NEM Foundation Crumbles as XEM Coin Price Sinks

The crypto winter may just have claimed its first major victim as the NEM Foundation announced it would be suspending all projects and partnerships due to the tumbling XEM coin price. Despite organizational restructuring, and an agreement to cut its budget by…

  • 2019-01-31T17:35:49Z
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(+) Weekly Recap: Crypto Winter Continues as NEM Foundation Crumbles, Bitcoin Falls 7.6% in January

(+) Weekly Recap: Crypto Winter Continues as NEM Foundation Crumbles, Bitcoin Falls 7.6% in January

Crypto winter shows no signs of abating anytime soon. In the past week, bitcoin rounded out its sixth consecutive month in the red while the NEM Foundation suspended all projects and partnerships due to the sinking XEM price. The news wasn’t all bad, however.…

  • 2019-02-01T18:38:46Z
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XEM Rises From Crypto Ashes as NEM Foundation Soldiers On

XEM Rises From Crypto Ashes as NEM Foundation Soldiers On

News that a crypto project has to downsize and restructure is never good. The bear market has battered all but the extremely resilient and most organizations have had to tighten their belts somewhat. NEM Foundation Restructures, Reveals Debts The NEM Foundati…

  • 2019-02-15T08:00:32Z
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