Bitpanda adds IOTA: All incidences of hacking are unfortunate, but some more so than others. On the weekend of June 9th, Coinrail, a South Korean crypto exchange, was hacked. The Coinrail hack was so severe that all of the top 10 coins on the market are plunging today. Some coins are down because of it, and in reality, they should be celebrating.
IOTA is a distributed ledger protocol, and it is one that is constantly exploring new ventures. Over the last little while, we have seen IOTA enter into partnerships with NGOs, and provide details on the Qubic. The company’s latest venture was launched this week. It is called the IOTA Lab, and it was developed in partnership with AKITA.
When IOTA first revealed Qubic, IOTA coin bulls charged the scene. The coin soared, but the company was prepared for that sort of outcome. The company had forecasted that the market would react positively to the Qubic news, and they did. Some even said that was the announcement that was going to kick off IOTA’s turnaround. Therefore, when the platform released news on the Qubic project on June 3rd and 4th, the company thought IOTA coin bulls would be making another appearance.
IOTA is still climbing today, adding to its recent gains. This comes at the same time as many of the top virtual currencies drop in value—specifically, Bitcoin (BTC), which is now well below the $8,000 mark. However, it’s good news for MIOTA. This is because the altcoin and organization have had a bit of a slow month. At least on the market and on the announcements front.
IOTA (MIOTA) has been slow out the gates the past couple weeks, but it looks like things may be turning around. It’s true that, at press time, IOTA (MIOTA) is down nearly 20%, but that’s probably due to the crypto market decline. Right now, there is some trending IOTA news, and it’s likely to only bring good things to the IOTA Foundation.
IOTA News: It’s yet another sea of red today on the crypto markets. IOTA (MIOTA), ranked as the 8th largest cryptocurrency, is currently down nearly 10%. Why? Likely because of the overall decline that the crypto markets are experiencing. Most major virtual currencies are down.
IOTA News: The crypto markets are a sea of red Tuesday. All of the top-ten coins are currently down. That is, with the exception of IOTA (MIOTA).
IOTA News: Both the crypto and blockchain sector have a big week ahead. Coins are doing fairly well Monday, with the exception of IOTA (MIOTA) and Cardano (ADA). Meanwhile, Ripple (XRP) and Bitcoin (BTC) are in the green.