NEM Slides as Foundation Faces Bankruptcy, Layoffs and Restructuring

The Singapore based NEM Foundation is the latest to suffer from the prolonged bear market as it faces bankruptcy fears and axes staff.

In recent months a number of crypto companies including Bitmain, ConsenSys, Huobi and Blockfolio have downsized and cut staff in the midst of the ever deepening crypto winter. The NEM Foundation is the latest one to be added to that growing list.

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