Apr 8, 2024
Markets
Former Crypto Titans Return From the Dead
The global crypto market cap stands at a robust $2.68 trillion, marking a 3.51% surge over the past day. Bitcoin, the market's bellwether, has breached $71,000 for the first time since mid-March, while Ethereum is testing the upper limits of a horizontal channel at its current $3,681 price. Long-time watchers of the digital assets space may have also noticed something interesting as of late: cryptocurrencies that thrived in the 2017 bull run and subsequently faded into obscurity are making a com...
Mar 26, 2024
Markets
AI Tokens Surge as IOTA Launches VC Fund and Jasmy Inks Panasonic Deal
Tokens tied to artificial intelligence (AI) and internet of things (IoT) projects Fetch.ai and Internet Computer have posted outsized gains as the broader cryptocurrency market mounts a significant recovery. The market's upward trend has pushed Bitcoin's price above the psychological resistance level of $70,000, reaching a high of $71,500 before correcting back to $69.5K. The overall cryptocurrency market capitalization has increased from $2.6T to $2.64T in the last 24 hours, with the average tr...
Dec 11, 2020
Coins
IOTA Founder David Sønstebø Exits the IOTA Foundation
The IOTA Foundation parted ways with Iota founder David Sønstebø yesterday in a unanimous decision that claimed various “divergent interests” as the reason behind the move, it said in an announcement. The IOTA Foundation would like to announce that it has parted ways with David Sønstebø. This was a unanimous decision, made by the Supervisory Board in the best interest of IOTA and its ecosystem. Please read our full announcement here: https://t.co/A23i9ZKZva — IOTA (@iotatoken) December 10, 2020...
Jun 5, 2020
Business
Cryptocurrency platform IOTA is now partly decentalized
Today, IOTA, a cryptocurrency platform aimed at supporting the internet of things, has unveiled its new node software dubbed "Hornet." The node software is designed to make the network faster and is easier to run. Written in the popular programming language Go, Hornet has already demonstrated it's worth by outperforming IOTA's previous node software, IRI. A stress test involving a network of 150 hornet-based nodes, produced a 20-fold increase in transaction throughput—with the network hitting 65...
Mar 7, 2020
Business
IOTA founder will pay hacking victims back with own money
IOTA founder David Sønstebø has agreed to reimburse victims of a hack that lead to the brief closure of the entire network out of his own pocket. On the project's discord, he released a statement-subsequently shared on Reddit-that said "a significant portion of my own holdings will go towards resolving this unfortunate incident." When Decrypt checked the Discord server to verify the claims, the statement had been deleted. However, we were able to confirm the statement was true. The incident in...
Mar 2, 2020
Coins
IOTA plans to spin its crypto back up next week
The team responsible for temporarily shutting down “decentralized” blockchain network IOTA last month announced on Saturday that it will switch it back on next Tuesday, March 10. An attack on IOTA on February 12 resulted in the theft of several million dollars worth of IOTA tokens. The day after, the IOTA Foundation, which develops the tokens, announced that it had “paused” the Coordinator, the IOTA-run node that validates the network’s transactions. The hack, which IOTA determined likely invo...
Feb 17, 2020
Business
IOTA's bug fix fails to bring mainnet back online
The IOTA Foundation today released an updated desktop version of its wallet, Trinity, following a hack last week that caused its operators to temporarily shut down the project. Trading activity on the IOTA mainnet remains suspended, but IOTA doesn’t think that its mobile app was affected, and said that hardware wallet users aren’t affected. In an update on its website, IOTA said that upgrading the desktop Trinity wallet “renders the hacker incapable of accessing your wallet if s/he has not alrea...
Feb 13, 2020
Coins
IOTA suffers costly hack attack and switches its crypto off
A coordinated cyberattack resulting in “stolen funds” from users has prompted IOTA, the $891 million, “third-wave” cryptocurrency project, to briefly shut down its entire network. Currently, #IOTA is working with law enforcement and cybersecurity experts to investigate a coordinated attack, resulting in stolen funds. To protect users, we have paused the Coordinator and advise users not to open Trinity until further notice. Updates: https://t.co/ME3Cvki3k9 — IOTA (@iotatoken) February 13, 2020...
Dec 17, 2019
Technology
The IoT Age: Developer creates device for crypto micropayments
Software developer Christian Oosting has designed and built a prototype of a connected micropayment device that can be used specifically for cryptocurrencies. The device, called Espiota, is fully configurable, requires no knowledge in software development and allows any electricity-powered machine to receive IOTA. While it is only a prototype, this is the one of the first of many devices designed for making micropayments on an Internet of Things (IoT) network. IoT refers to the idea of connected...
Dec 13, 2019
Business
Gartner survey: Blockchain and IoT adoption is "booming" in US
According to a recent survey conducted by research and advisory company Gartner, inc., around three-quarters of Internet of Things (IoT)—having electronic devices connected to one another—adopters in the US also work with blockchain technology, or plan to adopt it by the end of 2020. The IoT and blockchain are two technologies that are widely projected to experience meteoric growth in the future. Despite both being relatively new, there is already a considerable amount of overlap between the two...
Oct 29, 2019
Business
IOTA rises 10% on Dell and Linux partnerships
The IOTA cryptocurrency rose nearly 10 percent yesterday, following the news that the Internet of Things (IoT) protocol will be teaming up with computing giant Dell and the open-source focused Linux Foundation on a new project to improve the trustworthiness of data. The new project, called Alvarium (Latin for “beehive”), is aimed at creating intrinsic trust across exceedingly diverse systems. By using blockchain technology (specifically, a distributed acrylic graph) and a data rating system—know...