The NEM Foundation is mapping out its survival plans in real time after a funding injection of roughly $8 million last month.
The leading non-profit behind the NEM blockchain is seeking $7.5 million in emergency funding to keep the lights on.
NEM surged 25 percent today to reach its highest price since early September while accumulating its most 24-hour trading volume in over three months.
Malaysia's education ministry has formed a new consortium of universities to issue and verify degrees on the NEM blockchain.
A member of the Ukraine Central Election Commission is investigating the use of blockchain technology in elections with a local NEM Foundation group.
NEM's XEM token is solidly bid following the Japanese exchange's announcement that it will commence refunding hacked users next week.
February is officially in the books for the crypto markets, though some coins may be left wishing they could turn back time.
The 58 billion yen worth of XEM tokens are on the move, according to the NEM Foundation, but no attempt to sell them on exchanges has been made.
Down for the third consecutive day, NEM's native cryptocurrency XEM is close to seeing a revival of the bear market, technical charts indicate.
Though the Coincheck theft may superficially resemble 2014's Mt. Gox hack, the impact on cryptocurrencies is not nearly as significant.