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Sam Altman's Worldcoin has once again made global headlines, partnering with the Malaysian government's applied research and development arm, MIMOS Berhad. As per an official statement revealed today, the two entities are partnering to facilitate digital proof of humanness across Malaysia.
MIMOS Berhad, the research and development division of the Malaysian Government, has formalized a partnership with the Worldcoin Foundation, Tools for Humanity (TFH), and MyEG. The collaboration aims to integrate Worldcoin's technology into Malaysia's digital infrastructure, focusing on enhancing digital credentials and validating digital proof of humanness in the era of artificial intelligence.
Worldcoin sets up operations in Malaysia following a partnership with the government.
Malaysia has decided to integrate Worldcoin's controversial iris-scanning technology into its national digital infrastructure. The partnership involves a memorandum of understanding (MoU) between the Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad, the government's research and development arm.
Malaysia aims to tackle national challenges and unlock economic opportunities by adopting cutting-edge biometric verification technology.
Sam Altman's crypto venture Worldcoin has signed a deal with Malaysia's research arm to integrate its technology into the country's digital infrastructure.
Malaysia has officially adopted Worldcoin's iris scan technology as part of its digital transformation strategy, marking a significant advancement in securing its digital identity verification.
Worldcoin (WLD), a crypto project co-founded by OpenAI's CEO Sam Altman, arrived in Ecuador in June. Due to its growing popularity, Ecuadorian authorities have warned its citizens about the project.
As the rapid growth of cryptocurrency projects like Worldcoin continues to gain momentum in Ecuador, the country's central bank (Banco Central del Ecuador, BCE) has reiterated that digital assets do not have legal status and cannot be used as an official electronic payment method.
The Superintendence of Data Protection, Ecuador's data protection agency, stated that it lacks the resources needed to assess the compliance of Worldcoin, the biometric and universal basic income (UBI) project, with the country's laws.
World coin (WLD) saw a significant price increase of 10%, reaching $1.79, despite Alameda Research, the sister company of the defunct FTX crypto exchange, transferring a substantial amount of WLD tokens to Binance. This marks the first transfer of World coin holdings by Alameda Research since receiving them in September 2023.
Worldcoin is now navigating difficult waters, and Alameda isn't making it easy either.
Defunct crypto trading firm Alameda Research moved 205,387 Worldcoin (WLD) tokens worth $352,000 to Binance on Thursday. This is the firm's first transfer of WLD tokens since vesting 25 million tokens from Worldcoin a year ago.
Alameda Research, the sister company of the defunct FTX crypto exchange, has moved part of its Worldcoin WLD holding for the first time since receiving it in September 2023. Crypto Intelligence platform SpotOnchain reported that the failed crypto trading firm transferred 205,387 Worldcoin (WLD) tokens, valued at $352,000, to Binance.
The cryptocurrency market has rebounded more than 6 percent in the past 24 hours to about $2.24 trillion, and worldwide (WLD) has not been left behind. According to the latest crypto data, WLD price rebounded more than 8 percent in the past 24 hours to trade around $1.76 on Friday during the early Asian session.
Worldcoin (WLD) has recently managed a modest recovery of less than 10% following a dramatic 46% decline in its price. This uptick might seem minor in the face of the larger drop, but growing investor optimism suggests that this could be a precursor to a more substantial rebound.
Proxy battle between Elon Musk and Sam Altman threatens Worldcoin adoption but the charts speak differently.
Worldcoin's (WLD) price has recovered less than 10% following a recent 46% decline.
On July 24, 2023, Sam Altman's startup, the company behind ChatGPT, launched its own token called Worldcoin. The token hit an all-time high of $11.82 on March 10, 2024, but its value started to decline after that.
World coin, the ambitious cryptocurrency project led by Sam Altman of Open AI, has once again found itself embroiled in controversy. Initially celebrated for its visionary approach to digital identification, World coin is now facing significant scrutiny over issues ranging from token dilution to allegations of market manipulation and legal challenges.
Only 10% of the total holders of Worldcoin (WLD), the token of the open-source digital identity protocol, are holding it in profits. While others are either at breakeven point or losing, WLD is torn between the actions of two key stakeholders.
Worldcoin, one of the most promising innovations in the field of digital identity verification, has recently announced the expansion of its technology in Austria. This strategic move brings the World ID system to the residents of Vienna, with several locations throughout the city to facilitate access to this new service.
As of July 31st, Vienna residents 18 and older can verify their World ID at multiple city locations. This launch adds Austria to a growing list of countries utilizing Worldcoin's innovative identity solution.
Worldcoin, which once made headlines for its futuristic vision, is now at the center of turmoil. This time, conflict is making news, not innovation.
