Head of Cardano Foundation Replaced Following “Puzzling” Conduct

[kreslik.news]

Michael Parsons, Chairman of the Foundation Council of the Cardano Foundation, has relinquished his title, according to an official announcement.

Council Member of the Foundation Council of the Cardano Foundation to Chairman of the Foundation Council of the Cardano Foundation

He is replaced by one Pascal Schmid, formerly Council Member of the Foundation Council of the Cardano Foundation. Schmid, of Switzerland, is a qualified accountant.

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This is significant because Cardano’s cryptocurrency, ADA, is one of the more valuable coins, with a market value of $1.8 billion according to coinmarketcap.com.

The Cardano Foundation is one of the three organisations involved ... (read more)