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Worldcoin has been in the spotlight since its launch on July 24, with users lining up to scan their irises for a digital ID and others questioning its methods for collecting data. The project is built on the premise of supplying users with a digital ID via an iris scan that
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This week, Coinbase’s legal dispute with regulators unfolds as the crackdown on hacks and scams intensifies. Meanwhile, Worldcoin is under scrutiny and FTX announces reorganization plans. Coinbase vs. US SEC Coinbase Global (COIN) continues to garner significant attention for its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). Coinbase CEO Brian
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In late May, CertiK, a blockchain audit firm, discovered a serious security flaw in Worldcoin’s code that would have allowed an unapproved user to gain access and become an Orb operator, bypassing the strict verification process. With
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The launch of the controversial digital ID crypto project, Worldcoin, has stirred up a wave of attention and debate. Led by Sam Altman, the CEO of OpenAI, Worldcoin made headlines with its promise to introduce a futuristic digital identity system based on iris scanning, differentiating humans from artificial intelligence (AI)
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Worldcoin is exploring a decentralized and incentivized approach to manufacturing its iris-scanning orbs, similar to Bitcoin mining, its co-founder, Alex Blania, has revealed. While the move could be a means of earning WLD, the native token of the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kenya has suspended all Worldcoin project activities in the country until it can be confident that there are no risks to the public. The Ministry of the Interior and National Administration in Kenya announced on Aug.
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 2, Worldcoin announced plans to expand its global operations, allowing other organizations to use its iris-scanning and identity-verification technology. Launched July 25, Worldcoin (WLD) operates by providing users a digital ID and free cryptocurrency in some
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The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it.Kenya’s minister of internal security took to Facebook on Aug. 2 to announce that the country has suspended the activities of Worldcoin until relevant public agencies
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"The Government is concerned by the ongoing activities of an organization calling itself 'WORLD COIN' which is involved in the registration of citizens through the collection of eyeball/iris data," said the statement signed by Minister Kithure Kindiki. Relevant financial, security and data protection services have started investigations to establish the
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The controversial digital ID crypto project Worldcoin launched on July 24 after three years of development. The project was co-founded by Sam Altman, the CEO of OpenAI — the company behind the popular artificial intelligence (AI)-based chatbot ChatGPT. Worldcoin made headlines right after its announcement in June 2021, as it promised
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