A Closer Look at IOTA – #IOTA

FYI.

A Closer Look at IOTA:

Even as bitcoin has usurped headlines and valuations, another lesser-known cryptocurrency has exploded in price recently. A month ago, IOTA, a coin for Internet of Things (IoT) transactions, was priced at $0.35 per pop and had a market valuation of less than one billion dollars.

At 21:09 UTC Wednesday, it was trading at $4.17 and had a total market capitalization of $11.6 billion. This past week, IOTA overtook Ripple to become the world’s fourth most-traded cryptocurrency. In a CNBC interview, IOTA’s co-founder David Sonstebo described it as a “sleeping giant.”

Here is a brief primer on IOTA.

H/t reader kevin a.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

#IOTA, the little-known digital #cryptocurrency, surges 90% after teaming up with firms like #Microsoft

FYI.

A little-known digital currency surges 90% after teaming up with firms like Microsoft:

  • Cryptocurrency IOTA is now the fourth-largest cryptocurrency by market capitalization
  • IOTA Foundation, a German non-profit firm that oversees the virtual currency, said last week it has partnered with big tech firms on a data marketplace

A digital currency has added more than $12 billion to its market value after the firm behind it said it was teaming up with a number of big tech firms, including Microsoft and Samsung on a “data marketplace.”

Called IOTA, the cryptocurrency saw a spike on Wednesday, rallying more than 90 percent in the last 24 hours, according to data from industry website Coinmarketcap. Its price soared to an all-time high of $5.55 at 8:27 a.m. London time, almost doubling Tuesday’s price of $2.78. It is now the fourth-largest digital asset by market capitalization, dethroning Ripple’s XRP.

Read more