TagIOTA

IOTA Price Soars to 2019 High After Killing Off Centralized Coordinator

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By CCN: IOTA price has appreciated more than 11-percent against the US dollar and circa 13-percent against bitcoin in the last 24 hours. The internet-of-things cryptocurrency, which is also the world's fifteenth largest by market capitalization, peaked towards $0.507 on May 28 at 1915 UTC, its highest since November 14, 2018, according to Binance exchange data. That took IOTA's gains this year to...

Do Jaguar Land Rover & IOTA Hold the Key to Mass Crypto Adoption?

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By CCN: Jaguar Land Rover produced over 600,000 vehicles last year. For a luxury brand, this is a substantial output. Tesla, by comparison, produced under 250,000. The news broke sometime yesterday afternoon that JLR is utilizing the IOTA tangle (blockchain) for their new cryptocurrency program. They’re going to have on-the-go payments (such as tolls, similar to EZ Pass) and also pay owners for...

IOTA Inks Game-Changing Crypto-Powered Deal with Jaguar Land Rover

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By CCN: Jaguar Land Rover has caught crypto fever. The UK-based company is teaming up with the IOTA Foundation for an initiative that will catapult cryptocurrencies into the limelight. Jaguar Land Rover is testing smart wallet technology that will incentive drivers to earn crypto while driving. It sounds like a commuter's dream come true. Drivers earn crypto rewards in exchange for sharing data...

IOTA Outlines Plans for Killing Off its Centralized 'Coordinator'

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The IOTA Foundation has revealed for the first time that it plans to gradually phase out the IOTA network Coordinator, which some see as a centralization risk. In a series of posts on its official blog on this week, the foundation outlined a sequence of steps it plans to take before "Coordicide", which it sees as a major landmark on the road to complete decentralisation. IOTA Network Coordinator...

IOTA Announces Ledger Wallet Compatibility

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Cryptocurrency IOTA announced compatibility with popular hardware wallet Ledger today.  IOTA coin holders will be able to store their coins (MIOTA) on the ledger Nano S device. Details According to a release on IOTA's blog, "[t]he Ledger hardware wallets integrate with the IOTA Trinity and Romeo Wallets and isolate user’s seeds (the key for their account) from their computer or smartphone...

The Broth Thickens: More Details Emerge in Oyster Protocol Exit Scam Scandal

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Oyster Protocol issued $90,000,000 worth of PRL (pearl) near the end of last year. The crypto product is designed to enable website owners to earn money by participating in the storage and securing of files within the IOTA Tangle rather than advertising. Users contribute computing resources to the website instead of viewing advertisements. The PRL is the token of exchange, used by users of the...

Oyster Protocol Founder Exit Scams, Steals $300,000 from ICO Smart Contract

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Oyster Protocol is a hybrid IOTA/Ethereum smart contract platform designed to help websites garner revenue. Instead of traditional advertising, users of websites contribute their computing resources, enabling the website owner to garner Oyster Pearls (PRL) by securing and contributing to services offered by Oyster. PRL -- which is an ERC-20 token and runs on Ethereum -- has been listed on crypto...

Fujitsu, Trinity Proving to be the Bulls: IOTA Price Soars 20%, Again

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The IOTA value extended its current bullish momentum on Tuesday owing to its recently announced partnership with Fujitsu. The Japanese tech giant picked IOTA from the basket of blockchain projects and named it as the new protocol standard for its IT equipment manufacturing service. The IOTA-integration would allow Fujitsu to handle data storing in production and to engage with the automotive and...

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