A little-known digital currency surges 70% after teaming up with firms like Microsoft

A digital currency has added more than $3 billion to its market value after the firm behind it said it was teaming up with a number of big tech firms, including Microsoft and Samsung on a "data marketplace."
Called IOTA, the cryptocurrency saw a spike on Sunday evening, rallying just over 70 percent in the last 24 hours, according to data from industry website Coinmarketcap. Its price soared to an all-time high of $2.54 at 8:29 a.m. London time, up 71 percent from Sunday's price of $1.48. It is now the fifth-largest digital asset by market capitalization, dethroning altcoin Dash.

More Details :https://www.cnbc.com/amp/2017/12/04/cryptocurrency-iota-rallies-after-launch-of-data-marketplace.html