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IOTA (MIOTA) Price Recovering: tmForum and Catching the Hacker

Cryptocurrency

The team working on the considered leader of the third gen of cryptocurrencies that do not rely on mining and other mechanisms similar to traditional digital coinsIOTA Foundation became a member of tmForum.

Recommended to read:

IOTA (MIOTA) Coin Story!

IOTA joined the crypto-world in 2015 with the work of David Sønstebø, Dominik Schiener, Dr. Serguei Popov and Sergey Ivancheglo who still are running the show in the most important parts of IOTA’s team. It is designed to run on a network called Tangle by Dr. Serguei Popov.

Per IOTA’s Web:

The IOTA Foundation is the Next-Generation Blockchain and was initiated with a very clear and focused vision of enabling the paradigm shift of the Internet of Things, Industry 4.0 and a trustless ‘On Demand Economy’ through establishing a de facto standardized ‘Ledger of Everything’. The Backbone of the IOT is here.

Creating a collaborating welcoming environment while delivering practical tools to support its members in their digital-technological transforming initiatives, tmForum’s provides services that counts collaboration programs and proof-of-concept projects, industry research and benchmarks, technology roadmaps, best-practice guidebooks.

TM Forum is a non-profit industry association for service providers and their suppliers in the telecommunications industry. Members include communications and digital service providers, telephone companies, cable operators, network operators, software suppliers, equipment suppliers, systems integrators and management consultancies. As of June 2017, the Forum had over 850 member companies that collectively generate US$2 trillion in revenue and serve five billion customers across 180 countries.[1]   – source Wikipedia

IOTA

Early 2018 – around $11 million mIOTA tokens were stolen from 85 investor’s wallets. According to IOTA’s blog post the event is being served its justice:

Europol released information on the arrest of a 36-year-old man they have on suspicion of fraud, perpetrated against the members of the IOTA community and others. This was a significant and extremely unfortunate event that, thanks to a collaborative effort from law enforcement and the IOTA community, is now being brought to justice…. “proud to see collaboration between so many different entities”

The co-founder of IOTA – Dominik Schiener added that only a small amount of the stolen goods are still not found. Additionally the hacker tried to take out the money but the exchanges blocked the accounts.

To have this success the range of the teamwork encompassed the IOTA community, especially the people on the Discord #support channel, the HelloIOTA forum, German Police, as well as crypto exchanges which provided valuable information.

– Following the speedy decline that took place yesterday [07/02/2019] when the pair MIOTA/USD changed hands at $0.2325, buyers took the opportunity at hands and approached the 14th largest coin by market cap regaining the lost as it is trading at $0.2600 with 7.17% increase in the last 24-hours.

IOTA Future

Source: coinmarketcap

About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: alex@ethereumworldnews.com
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