David Sønstebø will no longer be a part of the Iota Foundation, a non-profit which he helped co-found and most recently co-chaired. According to an announcement from the Iota Foundation, the organization has “parted ways” with Sønstebø. It said it was a "unanimous decision, made by the Supervisory Board in the best interest of Iota and its ecosystem." The announcement stated the project’s interests have “diverged significantly” with the co-founder’s. His photo and bio have already been removed from the Iota website and his email address bounces back. “The decision to part ways, while difficult, had to be made,” said …

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 …

Two years ago, in January 2016, Cointelegraph published an interview with David Sonstebo, the CEO of IOTA, who listed out his vision for a Blockchain-less cryptocurrency and explained about the technology behind IOTA. From its humble beginnings, IOTA is now ranked in top-10 world’s cryptocurrencies. Cointelegraph caught up with David again for a conversation about the recent events and the overall journey of IOTA. Cointelegraph: IOTA’s price exploded abruptly after the Microsoft Partnership announcement, only to drop down after ‘the clarification.’ What do you think happened there? Was it just a misconception or could there be any deliberation from any …

Yesterday IOTA announced a major platform release allowing data monetization using micropayments through their distributed ledger technology. The data solution has already garnered huge partnerships from Microsoft, Fujitsu, Bosch, Deutsche Bank Telekom, and others. IOTA has already issued its tokens of the same name under their token sale earlier this fall. The company has created what it considers a better option in Blockchain technology evolution called ‘tangle.’ Through this system, the company is creating a way for connected devices to be able to transfer, buy and sell diverse datasets while creating access to data that often sits unused, all with …

SatoshiPay has announced that it will be phasing out Bitcoin, and thus Blockchain technology, as its preferred settlement network. Instead, they are partnering with the IOTA Foundation due to faster transactions with much lower fees. Bitcoin has been the original Blockchain technology on which a number of businesses have built their services on. SatoshiPay is just one of those companies to use Blockchain technology, but they are now looking beyond that to a microtransaction Blockchain-less crypto token called IOTA. SatoshiPay began using Bitcoin in 2015 as a system to settle these micropayments, and back then it was a viable option …

In the early hours of Saturday, IOTA advanced as much as 41.32 percent and moved up one place in the rankings. In the process, it made a casualty of privacy-centric Dash to become the number seven digital currency. The swelling pushed IOTA's market value to more than $1.7 bln. Veritably, this marked the second time the business-to-business token is overtaking Dash in the rankings. It will be recalled that barely two weeks ago when IOTA, in an extraordinary move, entered the elite zone. Dash was one of the three entities it shoved aside. Will Dash fight back? Given the resiliency …

IOTA, the decentralised Internet of Things tokens, is now going into beta version. IOTA is a micro-transaction crypto-token that will facilitate the architecture involved with IoT. The IOTA protocol runs off of Tangle, which has similar functionality to a blockchain yet acts more like an emulated version, giving it more versatility. IOTA tokens will be available for testing by a limited number of users outside the company starting early February, said its co-founder David Sønstebø. David Sønstebø had earlier talked to Cointelegraph in October 2015 after the release of IOTA. We catch up with David again, to hear more about …