Worldcoin

Singapore Launches Investigation into Worldcoin Account Sales for Potential Regulatory Violations

Singaporean authorities have launched an investigation into the sale of Worldcoin accounts and tokens, suspecting that such activities may breach the country’s Payment Services Act (PS Act) of 2019. The probe centers around seven individuals allegedly involved in the unauthorized sale of Worldcoin-related services, including third-party transactions of accounts and tokens. Unlicensed Worldcoin Account Sales...
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Worldcoin’s Biometric Data Collection Violates Privacy Laws: Hong Kong’s Regulator

The controversial Worldcoin project has faced yet another setback. Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), ordered the Worldcoin Foundation to halt all its operations in the region, citing that its practices violate local privacy regulations. The PCPD released a statement this week revealing that Worldcoin had collected...
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Sam Altman’s Worldcoin to Launch L2 Blockchain Prioritizing Human Transactions

Worldcoin, the project co-founded by Open AI CEO Sam Altman, which uses iris-scanning technology to verify a user’s “humanness,” is planning to launch an Ethereum layer-2 blockchain prioritizing verified humans over bots. Worldcoin currently has more than 10 million users, with 50% of them having verified their human identities using the project’s Orb. An Anti-Bot...
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Worldcoin Ordered to Halt Biometric Data Collection in Another Country: Report

Worldcoin is yet again under scrutiny due to its “proof of personhood” project in Europe, which seeks to expand its user base by having individuals verify their humanity through eyeball scans. As per the Worldcoin website, the project has over 4.5 million sign-ups from 120 countries. Worldcoin Ordered to Halt Biometric Data Collection According to...
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Spanish Regulator Orders Worldcoin to Halt Personal Data Collection

The Spanish data protection regulator, AEPD, has instructed Worldcoin to halt the collection of personal data in the country through scans and to refrain from utilizing any data already obtained. This precautionary action was announced on Wednesday after receiving numerous complaints regarding Worldcoin since last summer. These include concerns about the adequacy of information provided...
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3AC’s Investment in Worldcoin Seems to Pay Off for Creditors

An early investment in Worldcoin by the defunct crypto hedge fund Three Arrows Capital, otherwise known as 3AC, may prove profitable for creditors as the former’s token WLD recently reached a new all-time high (ATH), soaring nearly 200% in the last seven days. 3AC’s crypto portfolio currently holds 75 million WLD coins, making the company...
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Worldcoin Project Faces Scrutiny Over Iris Recognition Registration in Hong Kong: Report

Worldcoin’s legal problems are far from over. Spearheaded by OpenAI, Sam Altman’s Worldcoin initiative continues to find itself embroiled in a privacy controversy as reports emerge of a probe launched by Hong Kong’s data protection authority. HKET, a local media outlet, disclosed that six Worldcoin booths were subjected to investigation under a court warrant, with...
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Worldcoin Enables Singapore Residents to Verify ‘Humanness’

After temporarily scaling back in India, Worldcoin has launched its services in Singapore. According to the latest announcement, individuals in Singapore will be able to verify their “unique humanness” at an Orb. The move follows the release of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline in mid-December. Worldcoin’s Worldwide Expansion...
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Worldcoin’s WLD Token Poised for 80% Surge, Bull Flag Emerges on 4-Hour Chart

Worldcoin’s native token – WLD – surged by approximately 130% over the past year. The upward momentum proved short-lived, leading to profit-taking, and the rally appears to have come to a halt, with WLD witnessing a decline of around 20% from its peak of $4.68 within less than 10 days. Despite this downturn, data indicates...
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Worldcoin Quietly Halted Orb Verification in India Months Ago: Report

Worldcoin has disabled its offline orb verification feature for users in three markets – India, Brazil, and France. The development comes after a surge in people lining up at specified venues amid the excitement to register and acquire free Worldcoin (WLD) tokens, according to the report by MoneyControl. Worldcoin’s ‘Orb’ is a spherical hardware device...
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Sacked OpenAI CEO Sam Altman Reinstated Just Days After Departure

OpenAI announced the reinstatement of Sam Altman as CEO and the appointment of new board members, responding to the widespread backlash following his unexpected removal. The Delaware-based American artificial intelligence research organization asserted that it is working “to figure out the details” of the agreement. Altman confirmed the development and added that he is looking...
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Worldcoin Foundation Transitions Orb Operator Payments to WLD Tokens

The Worldcoin Foundation has announced its plans to strategically transition its Orb device operators’ payments from USDC to the native WLD tokens. This decision comes as the circulating supply of WLD tokens surpasses 1% of its total token supply of 10 billion tokens. WLD Token’s Rise to 1% Circulating Supply The Worldcoin Foundation intends to...
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Top Altcoins To Watch Next Week: Worldcoin (WLD), Polygon (MATIC) And Solana (SOL) May Steal The Show

The altcoin sector has been showing signs of recovery over the past week, following Bitcoin’s price breaking through the significant $26,500 threshold due to increased buying interest. At present, investor focus seems to be shifting towards altcoins, as numerous tokens—including key metaverse coins—have experienced a price uptick this week. This could potentially trigger a new...
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Argentina Sees New Worldcoin ID Verification Record Amid Growing Controversy

Argentina’s technology and cryptocurrency sectors have recently surged with World ID, a project by Worldcoin, reaching an all-time high in user verifications. On Aug. 30, Argentina set a new record with 9,500 citizens verifying their identities through World ID. While this might be considered a growing crypto adoption sign by some, it’s also quite controversial...
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Worldcoin Not the Path to Attain Proof-of-Personhood: Experts Weigh In

Worldcoin – a crypto project by OpenAI CEO Sam Altman – has greatly polarized the Web3 community. At its core, Worldcoin uses Proof-of-Personhood (PoP), which is a mechanism that establishes an individual’s humanness and uniqueness. Proof-of-Personhood has never been more important, especially in the age of surveillance when identity – one of our most fundamental...
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Worldcoin’s Regulatory Hurdles in Kenya Intensify: Report

The Kenyan government has set up a parliamentary committee comprising 15 members to delve into the controversial crypto project – Worldcoin. The latest development comes against the backdrop of mounting scrutiny across the globe as regulators express concerns about Worldcoin’s handling of personal information and biometric data. According to a report from a local daily,...
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Another Country Begins Investigating Sam Altman’s Worldcoin

Argentina’s Agency for Access to Public Information (AAIP) disclosed that it is currently conducting an investigation on Worldcoin to determine whether it complies with security and privacy rules. The cryptocurrency project, which saw the light of day in July, sparked huge controversy due to its eye-scanning requirements. Other countries, including Kenya and Germany, have also...
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Kenyan Police Raided Worldcoin Warehouse in Nairobi: Report

Kenyan police officers have reportedly raided a warehouse belonging to the recently launched crypto project Worldcoin, carting away documents and machines for investigative purposes. According to a report by local media KahawaTungu, police officers showed up at the Nairobi-based warehouse over the weekend with a search warrant and multi-agency officials. They left with equipment believed...
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Kenya Authorities Suspend Worldcoin Activities Over Data Privacy Concerns

The Kenyan government has ordered the suspension of all activities related to the registration of the recently-launched cryptocurrency project Worldcoin and the distribution of its native token WLD. According to an official statement by Kithure Kindiki, Cabinet Secretary for the Interior and National Administration, the government is concerned with the registration of Kenyans through the...
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