IOTA Qubic Revealed – mIOTA Coin Price Skyrockets

IOTA Qubic Revealed – MIOTA Price Skyrockets

IOTA’s price skyrocketed on may the 3rd due to the fact that the company has decided to unveil its latest development known as Qubic. The Qubic project is one of the main priorities of the IOTA Foundation in 2018 and 2019.

What is Quibic?

Qubic enables Smart Contracts, Oracles, Outsourced Computing and many more things. Using IOTA as a backbone, Qubic will be used for different projects in the future that are being developed right now.

According to David Sostenbo, the Qubic project will be a platform used for the greater community and ecosystem to create things that are not even possible to imagine.

David Sostenbo, commented about Qubic:

“For now, in brief: Qubic enables Smart Contracts, Oracles, Outsourced Computing and lots more. Qubic, using IOTA as a backbone, will be the foundation of plenty more projects that we have in motion already, but more importantly, it will be a platform for the greater community and ecosystem to create things we can’t even imagine yet.”

In a video released can be seen what seem to be oracles, outsourced computers, data sharing, dollars and euros moving on this new network. Here is what on crypto twitter had to say…


Moreover, Mr. Sostenbo asked not to pester Eric, Paul, CFB, or Sam, part of the team behind IOTA, apparently, they will not be revealing any further details.

At the moment of writing this article, IOTA is one of the virtual currencies that registered the biggest change in the market. It is growing 10% in the last 24 hours and each coin can be bought for $2.5 dollars. Its market capitalization is close to $7 billion and is the 9th cryptocurrency by importance in the market.

IOTA can be used for many different applications and it is being embraced by many companies all over the world. We can mention Bosch, Volkswagen, Luxoft, BNY Mellon, and many others. It is also worth checking out their Trinity desktop wallet which has been gaining media attention as of late too.

Also in the news it seems IOTA will be added to Cobinhood cryptocurrency trading exchange listing and should cause another nice speak for mIOTA coin.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DApp Q2 Market Report Shows Massive DeFi Impact in The Decentralized App Ecosystem

The DeFi realm has registered tremendous growth in the past quarter (Q2) with some products posting some impressive figures. $4.9 Billion was channeled through...

VaultAge Solutions CEO Declared Bankrupt After Scamming Crypto Investors Out of Over $13M

Willie Breedt, chief executive officer of the crypto investment firm, VaultAge Solutions, has been declared bankrupt, who is currently on the run after defrauding...

Arca Labs Rolls Out Ethereum Based Fund After SEC Approves Digitally Transferrable Securities

According to a press release on Monday, July 6, 2020, Arca Labs, a digital asset investment firm, becomes the first-ever company to trade an...

China’s OTC Crackdown Puts Bitcoin at a Discount

Last month, there were reports of thousands of cryptocurrency over-the-counter (OTC) merchants and their clients getting affected as China froze their bank accounts to...

CBDC’s Are the Future of Money and Payment Ecosystems: Visa's Head of Crypto

Central Bank Digital Currencies (CBDC) are here to stay and may set the stage for a paradigm shift to a digital economy, according to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today