IOTA rising upwards

IOTA cryptocurrency showed a notable rise by 60% within past 7 days and 32% within 24 hours
09 November   762

While top-10 leaders of cryptocurrency market capitalisation list have been developing quite steadily during last 7 days, IOTA coin stands out showing an unexpected growth, rising by 60,35% during last week and by 32,33% during last 24 hours.

Coin Market Capitalisation list leadersCoin Market Capitalisation Leaders List 

IOTA, a cryptocurrency which currently takes 10th place in top coins list ranked by market capitalisation has skyrocketed within past 7 days. At the moment of press, the coin has a market capitalisation of $1,5 billion and costs $0,58, although it was traded at a price of $0,32 only 7 days ago.

IOTA Charts November 2017IOTA Charts

IOTA has announced a decent amount of innovations during last week, for instance Masked Autentificated Messaging was released on Novemver 4, adding functionality to emit and access an encrypted data stream, like RSS, over the Tangle (IOTA’s distributed ledger) regardless of the size or cost of device.

Moreover, on November 7 iotasear.ch officially became the first explorer to show full transaction history, letting users view every single transaction since the installation of IOTA, as was reported in the official twitter accound of the coin.

Reddit.com users comments towards IOTA riseReddit.com users comments

In the meantime, Reddit.com users seem to be amused by such a significant increase of IOTA coin, expressing positive expectations towards the development of currency.

Hackers Stole $4M in IOTA

Hackers used information from seed generation website
22 January   54

IOTA Community faced with hacker attack. Around $ 4 000 000 was stolen with the help of malicious websites providing users with a new wallet seed. This is reported by CCN.

When creating an IOTA wallet, users need to create a seed-key, consisting of 81 characters. Many users preferred to use online generators for such keys - websites that create passwords.

One of the sites passed information to scammers. Those used seed-keys and emptied the wallets of users. 

The attackers knew the seeds. You invited them into your wallet, by handing them your keys on a silver platter. The community of fullnode operators is discussing various strategies to better protect public community nodes from this specific and similar DDoS attacks in the future.
 

Ralf Rottmann
OTA Evangelist Network [IEN] member

The IOTA community encourages users to change elements of the seed in order to prevent any vulnerabilities. They have also been repeatedly pointing to the fact that the vulnerability has nothing to do with IOTA’s technology, and rather just seed generating services.