Nodle Network, an IOTA (MIOTA) competitor, is in the process of migrating from Stellar (XLM) to its own blockchain network with the release of the Arcadia testnet. Nodle is a decentralized network provider that specializes in detecting and connecting the internet of things (IoT). It currently connects over five million active nodes with over 92 million detected devices. While Stellar has been able to handle Nodle’s heavy traffic of 1.3 million daily transactions to date, the company believes it needs to deploy its own blockchain to accommodate some of the advanced features envisioned in its whitepaper. Nodle’s blockchain architect, Eliott …

A team based in Madrid, one of the epicenters of the coronavirus pandemic, has released an Iota Tango platform that helps combat the coronavirus. AidSquad GeoDB is a decentralized peer-to-peer big data sharing ecosystem which returns value to its creators, the users. Luis Gelado, GeoDB CEO and founder shared with Cointelegraph his rationale for creating AidSquad: “Having stayed home for a few weeks, one weekend, I felt a little bored, so I started thinking: we have to do something. We have a chance to develop something for a concrete problem, give back to society”. Source: GeoDB A user inputs his …

After almost a month following a massive hack, the Iota Foundation has brought their network back online. The Iota network was relaunched on Tuesday following the Feb. 12 attack on the platform’s Trinity Wallet software. Although the network was shut down that same day to prevent further security breaches, 8.55 million MIOTA — approximately $2 million — was stolen from 50 users of the digital asset wallet. In a March 10 blog post, the IOTA Foundation announced the Coordinator — the centralized node curating all transactions — was back online following a seed migration period. The desktop version of Trinity …

On Feb. 12 Iota (MIOTA) suffered an attack targeting its official desktop wallet. The Iota network went offline on the same day, and has remained down since. On March 6, David Sønstebø, the founder of Iota, revealed that he will personally fully repay all 46 victims of last month’s Iota hack to the tune of 8.52 million MIOTA — worth roughly $1.97 million at the time of writing. Cointelegraph spoke to David directly, who confirmed that he will reimburse all affected users from his own pocket, and that the Iota Foundation remains on track to relaunch the network on March …

For over two weeks now, the Iota network has been down, with MIOTA token-holders being unable to facilitate any transactions since Feb. 12. This is because a hacker was able to make off with over $2 million from Iota’s native Trinity wallet, causing the project to lose around 40% of its value — which has been touted to be worth almost $400 million — since the network was turned off. The Iota Foundation has downplayed the severity of the hack, but a number of indicators suggest far more wallets might have been compromised than the Iota Foundation has so far …

Iota (MIOTA) began its seed migration period on Feb. 29, with plans to reopen the network around March 10. Though some have criticized the decision to close the Coordinator, it may have saved many users’ funds from being stolen. Potential Moonpay compromise The Iota network was shut off on Feb. 12, shortly after the team received multiple reports of drained user wallets. This was possible thanks to the presence of the Coordinator, a centralized transaction verifier that is required to operate the network. Shutting down the Coordinator stopped the attacker from draining any more user wallets, giving the team time …

Responsible for one of the top performing cryptocurrencies, IOTA is continuing to release new information in response to a Feb.12 hack on its official wallet. According to a Feb. 19 status update, the IOTA Foundation strongly recommends users of the Trinity Wallet to immediately change their passwords and use the seed migration tool to protect their assets. Trinity users who opened or updated their wallets between December 17th, 2019 and February 18th, 2020 may be vulnerable. Trinity users - If you opened #Trinity between Dec 17th 2019 - Feb 18th 01.30 CET 2020, you will need to use the seed …

Following an apparent hack of IOTA (MIOTA) official wallet on Feb. 12, the IOTA Foundation has released a safe desktop version of the Trinity wallet. According to a Feb. 17 update post, IOTA should update their Trinity apps to securely check their balances and transactions via Trinity 1.4.1, a new version that is designed to remove the recently detected vulnerability from the wallets. IOTA’s network coordinator is still paused for an upcoming token migration Released on Feb. 16, the new version of the wallet doesn’t apparently represent the full solution of the recent breach because the IOTA’s dedicated network Coordinator, …

The Iota Foundation has put out a warning regarding Iota (MIOTA) coin wallet Trinity, and its association with stolen funds. After multiple Iota holders reported missing coins, the Iota Foundation announced the suspension of its network node, called the Coordinator, while the entity explores the situation, a Feb. 13 Iota status update said. Iota runs on the tangle, not blockchain A major player in the 2017 bull run, Iota stood out as one of the few cryptocurrencies not on the blockchain. The asset runs on the tangle, using Directed Acyclic Graph technology, or DAG for short. The Iota Foundation runs …

A co-founder and former lead developer of the decentralized network IOTA, Sergey Ivancheglo, has IOTA Foundation director David Sønstebø with a lawsuit over 25 million MIOTA (over $8.5 million). Ivancheglo announced that he is contacting his lawyers to obtain the assets from Sønstebø in a tweet sent on Feb. 2. The coins that he claims belong to him are half of the holdings of Jinn Labs, a ternary computing development firm they jointly launched: announced that he is contacting his lawyers to obtain the assets from Sønstebø in a tweet sent on Feb. 2. The coins that he claims belong …

The IOTA project unveiled on Feb. 3 a series of upgrades dubbed Chrysalis, an intermediate stage between now and the removal of the Coordinator. The upgrade introduces several important features, some of which change long-standing IOTA principles. Chrysalis, or IOTA 1.5, takes its name from the second stage in a caterpillar’s metamorphosis into a butterfly. It is specifically designed as an intermediate step before the “Coordicide,” a long-planned initiative to remove the Coordinator from the IOTA network. The Coordinator is, in essence, a centralized server managed by IOTA developers that creates checkpoints in its transaction history. This is a necessity …

Several major altcoins have outperformed Bitcoin in January 2020. However, with the reward halving just over three months away, Bitcoin might play catch up. During the previous two halvings, Bitcoin rallied just before and after the event. Weiss Ratings believes that history will repeat itself in the upcoming halving and the only question is how high can the rally extend. Bitcoin’s current technical set up has a variety of social media personalities feeling bullish about the digital asset’s future price action. In a recent market discussion with Cointelegraph, popular YouTubers The Moon (Carl Runefelt) and DataDash (Nicholas Merten) said that …