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After a recent market crash triggered by the Chinese AI model Deepseek, the crypto market is slowly recovering as Bitcoin price is back to $105K with the overall crypto market seeing a rise of 2%.

Worldcoin (WLD) and its operator Tools for Humanity are reportedly continuing to operate in Brazil's São Paulo despite a ban on giving citizens crypto in exchange for their biometric data. The post Worldcoin Reportedly ‘Flouting Brazil Ban,' But Escapes Habeas Corpus Trouble appeared first on Cryptonews.

The defense of $1.6 and a reversal in the selling trend on the OBV would be early signals of bullishness, but not this time.

Worldcoin, the controversial cryptocurrency and identity platform, is facing significant legal challenges in Brazil after the country's data protection authority, the ANPD, banned the project from paying citizens in cryptocurrency for biometric data. The company, which has been using iris scans to create a global identity system, is now under scrutiny for its data-collection practices, which have drawn concerns over privacy rights and data exploitation.

The country's data protection watchdog, the National Data Protection Authority (ANPD), issued an order. The company must stop offering crypto rewards to Brazilians.

The protocol aims to rival OpenAI founder Sam Altman's Worldcoin project, which is built around scanning users' irises.

Brazil's ANPD bans Worldcoin (WLD) crypto incentives for biometric data collection. Worldcoin's native token, WLD, drops 11.30%, losing over 83% since March 2024.

Authorities claim incentivising users with WLD tokens may have influenced their ability to provide free and informed consent.

Worldcoin's linear token unlock is set to test market resilience. Will WLD's ecosystem drive recovery?

Regulatory scrutiny is mounting against the World ID project and its biometric data collection practices.

Brazilian regulators have found that World Network, formerly Worldcoin, may have influenced user consent by offering financial incentives for collecting biometric data.

Brazil has decided to ban Worldcoin, a cryptocurrency accompanied by an ambitious biometric identification system.

OpenAi CEO Sam Altman's Tool for Humanity met another tough hurdle. This time, it was Brazil, which blocked Altman's effort to create a global identity system. Brazil's data protection authority ANPD, expressed suspicion about the way the organisation processes data, and demanded more transparency in that area.

Brazil has ordered Tools for Humanity (TFH), the company behind Worldcoin, to cease offering crypto or financial incentives in exchange for biometric data. The post Brazil Bans Worldcoin from Providing Crypto or Financial Incentives for Biometric Data appeared first on Cryptonews.

World Network, the iris-scanning digital ID project formerly known as Worldcoin, can no longer offer crypto incentives to Brazilians.

Argentinian authorities are investigating a newsstand operator who allegedly paid customers and “neighbors” around $20 for iris scans, amid ongoing Worldcoin (WLD) controversy in LATAM. The post Argentinian News Stand ‘Paid $20 to Scan Customers' Irises' as WLD Controversy Continues appeared first on Cryptonews.

The crypto market is witnessing fresh enthusiasm under Donald Trump's pro-crypto stance, prompting speculation on which altcoins he may support. With increasing institutional interest and evolving regulations, investors are closely monitoring potential additions to his portfolio.

Worldcoin price was flat on Friday as traders watched the recently announced Stargate Project in the US and the public jabs between Elon Musk and Sam Altman, its founder. WLD, which Altman started, initially rose and then cooled.

Worldcoin (WLD) has experienced a notable decline in its price, falling by 10.96% over the past 24 hours to $1.85. As the cryptocurrency approaches a crucial support level, many are questioning whether it's about to turn around or if further declines are on the horizon.

Worldcoin (WLD), a popular cryptocurrency, has been facing significant downward pressure, with its price recently plunging by 10.96% to $1.85. As the token tests critical support at $1.54, traders are left wondering whether a recovery is on the horizon or if the bearish trend will persist.

Worldcoin tokens led crypto market gains for the 24-hour period on Wednesday with a 35% surge over Monday before they retreated hard.

Worldcoin (WLD) price has jumped 19% following Donald Trump's announcement of a $500 billion investment in AI infrastructure. This surge has reignited interest in WLD, pushing it closer to a potential golden cross on its EMA lines, a bullish signal for further gains.

The Bitcoin price is plunging. The token has dropped below $104K while the Worldcoin price has maintained a significant ascending trend. Besides, the volume has surged above $1 billion, suggesting an increased interest in the token. Moreover, the token is the top trending on the altcoin ranking across social media platforms.

The price of Worldcoin jumped Wednesday, leading the crypto market after OpenAI's $500 billion AI initiative was unveiled.