Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cardano Foundation Says Goodbye To Its Chairman

Published 11/14/2018, 05:31 AM
Updated 11/14/2018, 06:40 AM
© Reuters.   Cardano Foundation Says Goodbye To Its Chairman

The Cardano Foundation announced a major change in its Council, according to a statement on the company’s official website.

Michael Parsons, the Chairman of the Foundation Council, resigned with the decision taking effect immediately. The news came as no surprise after the recent outbreak of war within the Cardano ecosystem and litany of criticisms against the unpopular Parsons. Community members had been demanding his resignation, and eventually, this pressure resulted in the management reshuffle.

In the interim, another Council Member, Pascal Schmid, will chair the Cardano Foundation. Mr. Schmid is a graduate of the University of St. Gallen and a qualified expert in finance. However, the Foundation emphasized that it was only an interim appointment, and the company is searching for “suitable persons as soon as possible.”

Why it...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.