In the first weekend edition of The Daily, we examine the biting effects of crypto winter, which might have frozen out ETH scambots, but hasn’t prevented the penurious from panhandling for crypto by more direct means. We also look at the latest restructuring of the NEM Foundation, which has faced the full force of the crypto cooldown. Finally, we preview Huobi’s new Binance Launchpad competitor – Prime.
Also read: Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’
NEM Foundation Rolls Out Plan B to Stay Afloat
The NEM Foundation, which oversees development and community initiatives involving the NEM (XEM) cryptocurrency, has released a new financial plan. The organization, which recently laid off the majority of its staff, is seeking to source developers from the community to contribute to the NEM mobile wallet app. On Feb 20, 210 million NEM tokens were unlocked by the foundation, with 25 million of these earmarked “to set up processes and structures for a new…