IOTA launches first cryptocurrency market for the IoT

IOTA Foundation in a partnership with more than 20 companies has recently announced the launch of a new data marketplace
29 November 2017   1581

The Berlin-based IOTA Foundation in a partnership with more than 20 companies, including Microsoft and Fujitsu has recently announced the first publicly accessible data marketplace for the Internet of Things (IoT).

The marketplace, which will allow stakeholders to share and monetize their data in a secure way, aims to demonstrate a proof of concept for a tamper-proof data marketplace. Once uploaded to IOTA’s decentralized ledger, all data is distributed to countless nodes in order to ensure immutability.

We are excited to partner with the IOTA Foundation and proud to be associated with its new data marketplace initiative.

 

Omkar Naik

Blockchain specialist, Microsoft

The news comes as IOTA price rose to a new all-time high $1.54, what might be connected with the launch of a new data marketplace. Furthermore, IOTA is likely to continue moving higher toward $2.00 in the near term.

IOTA chart 1.5IOTA charts

At the moment of press, these are main market parameters of IOTA:

  • Average price: $1.49 USD
  • Marketcap: $4 134 940 430 USD
  • 24h volume: $444 132 000 USD

This Thursday at 8:00 AM PDT, Dominik Schiener and David Sønstebø will have TNW Answers session where they will be responding to questions about the launch of a new data marketplace. We will keep you updated as more details come in.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.