IOTA Announces Split With Project Founder David S

2020-12-11 14:49

The IOTA Foundation announced that they are parting ways with its controversial founder, David Sønstebø. The Foundation highlighted a division in interests between Sønstebø and the rest of the team.

Divisions at IOTA

The Foundation’s post stated that “a unanimous decision” was reached between the IOTA’s Board of Directors and Supervisory Board. 

The team posted an update to their announcement, citing the organization’s “collective of more than 120 like-minded people.” It described “actions [that] were not aligned with what the Foundation stands for” in reference to Sønstebø. 

Both notes also expressed gratitude for Sønstebø’s work at the crypto project.

The news will doubtless come as a surprise to those who have followed the IOTA project closely. Recently it became clear that the team was facing financial difficulties, exacerbated by a gradual fall in the price of its MIOTA token. 

Additionally, IOTA has had a lengthy history of internal conflicts between Sønstebø and other co-founders. 

The project emerged as one of the stars of the 2017 crypto bull run. Its “tangle” architecture captured the attention of many investors in the space, leading its token price to hit a high of $5.25 in Dec. 2017.

Now, though, it trades at only $0.27. That’s a market cap loss of around 95%. 

Still, IOTA insists that the team remains focused, concluding, “the IOTA Foundation is stronger than ever.”. 

Disclosure: At the time of writing, this author owned MIOTA among a number of other cryptocurrencies. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

IOTA (IOTA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.2993
Капитализация $0 Rank 99999
Цена в час новости $ 0.2751 (-100%)

founder david project announces split iota

founder david → Результатов: 49


Why Unifying Payments Infrastructure Will Boost Financial Inclusion

The latest episode of Block Stars is the conclusion of current Ripple CTO David Schwartz’s two-part conversation with former Ripple CTO, Stefan Thomas. Stefan is now the founder and CEO of Coil, a Web Monetization service that streams payments to publishers and creators based on the amount of time Coil members around the world spend … Continued The post Why Unifying Payments Infrastructure Will Boost Financial Inclusion appeared first on Ripple.

2020-9-1 21:00


Фото:

Barstool Sports Founder David Portnoy Now Wants to “Save” Bitcoin and Crypto

High-flying social influencer and one-time crypto trader David Portnoy said he would “save” the crypto market in a tweet this week – but only if asked “nicely. ” Saving Bitcoin The founder of sports blog Barstool Sports, Portnoy entered the crypto market in high spirits earlier this month aiming to turn a hit profit in theRead MoreRead More.

2020-8-27 23:00


Exclusive: Crypto Founder Lashes Out, Blames SEC for ‘Starving’ Innovation

“My name is David Siegel, I am a regulatory refugee from the United States. ” This is how David Siegel, founder of crypto projects Pillar and 20|30, starts his presentations. What challenges have you faced building projects within the blockchain industry? Siegel understands the need for innovation and disruption within economies, and he can get more done in the UK and Europe than he can in the US.

2019-4-1 02:30


Facebook’s global content moderation fails to account for regional sensibilities

Over the past year, Facebook’s biggest challenge has been moderating billions of posts every day in more than a hundred languages. It’s proven almost impossible to maintain a balance between what is deemed as “hate speech” and “free speech” since social media is global, but our perception of “free speech” is determined by region.

2019-2-26 16:58


Ripple Co-Founder Chris Larsen Invests Into David Chaum’s Elixxir Cryptocurrency Platform

ELixxir, a new cryptocurrency project created by founder of DigiCash David Chum, has not only attracted cryptocurrency enthusiasts, but also big names in the crypto world. The co-founder of Ripple, Chris Larsen, is one of the notable names that have shown interest in the project, investing in the vision of Chum. Larsen invested in the […]

2018-10-28 21:40