IOTA (MIOTA), Ethereum (available on Coinbase) (ETH), and Nano grow today as we dig deeper into Qubic, regulations, and competitions.

IOTA (MIOTA)

IOTA (MIOTA) is currently selling at $2.58, which puts the coin up 20.69% in the past 24 hours.

Source: CoinMarketCapIOTA is killing it today. What’s causing this coin to grow so much? It probably comes down to several moves.

Yesterday, IOTA announced that it would be joining the MOBI Alliance, a new mobility industry consortium aimed at developing Distribute Ledger Technology standards, pilot projects, and open source software tools. This may, in part, be contributing to IOTA’s current growth.

Perhaps even more compelling is IOTA’s new listings. IOTA was recently listed on crypto exchange Huobi. Plus, IOTA’s listing on COBINHOOD is set to go live tomorrow. Although when first announced, the COBINHOOD impending listing didn’t help IOTA’s price at all – now it may be a different story.

Finally, and perhaps the most intriguing of them all, today IOTA unveiled Qubic. More details on the project will be coming on June 3rd. Until then, all we have to go on is that Qubic has been in the works over at the IOTA Foundation since 2012 and will involve smart contracts, oracles, and outsourced computing. Qubic, backed by IOTA, will be a springboard for future projects to come.