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The market structure of Worldcoin has been bearish for the past few weeks, and the defense of $1.1 was not convincing, showcasing persistent sell pressure.

Not long ago, Sam Altman – the man who created the now infamous AI tool Chat GPT (which is designed to create content) – announced he was bringing a new digital currency called World Coin to the financial stage.

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Worldcoin reaches record verifications in Argentina, Circle partners with Mercado Pago to bring USDC to Chile, and Binance launches a Latam-focused remittance solution.

At some point in July, there were as many as 350,000 Kenya-based residents who had subscribed and shown interest in receiving Worldcoin's crypto token. According to a Kenyan legislator, Worldcoin executives are now expected to appear before a parliamentary committee on Sept. 4.

In the ever-evolving landscape of cryptocurrency and blockchain technology, one project has emerged as both a beacon of hope and a source of controversy. Worldcoin, championed by OpenAI CEO Sam Altman, has introduced the concept of Proof-of-Personhood (PoP) to the Web3 community.

The makers of a successful generative AI are developing an intrusive system for countering the very problem the former perpetuates. Irony much?

Investigations into Worldcoin's data collection practices are underway in Argentina, Britain, France, Germany, Kenya, and Portugal. Governments worldwide are increasingly focusing on the cryptocurrency project known as Worldcoin, co-founded by OpenAI CEO Sam Altman.

The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer Openai.

Worldcoin, the controversial project created by OpenAI CEO Sam Altman and launched in July, has attracted over 2.3 million global users. However, mounting concerns regarding security and privacy are increasing, while individuals are receiving 25 Worldcoin tokens and a digital identity in return for their biometric data.

The Argentinian authorities were among the first to go after the Worldcoin project.

In an unexpected twist, Worldcoin (WLD), a cryptocurrency that once captured the imagination of investors, has experienced a profound drop in its value, leaving numerous stakeholders worried about their holdings. This dramatic decline has seen the price of WLD plummeting below the $1.20 mark, resulting in approximately 90% of WLD holders finding themselves in a position of loss.

The number of verifications for Worldcoin, the biometric digital ID and wallet project, has soared recently in Argentina, reaching a daily signup record in August. According to data provided by the project, Worldcoin verified 9,500 Argentine users in a single day, with only four verification stations in the country.

France's and Germany's data regulators are jointly investigating Worldcoin's data collection methods, specifically focusing on iris scans. France's data protection regulatory authority, CNIL, has recently focused on Worldcoin.

Biometric Data Privacy Concerns Surround Worldcoin Amid Regulatory Pressure France's data watchdog, CNIL, has taken a proactive step by conducting thorough “checks” at the Paris office of Worldcoin, the digital

Health Secretary Susan Nakhumicha Wafula warned that Kenyans who undertook iris scans for tokens are potentially exposed.

Worldcoin (WLD) price has declined below $1.20, plunging 90% of WLD holders into losses. On-chain analysis explores the critical factors behind this sharp decline and the chances of an imminent price rebound.

Increasing numbers of governments around the world are scrutinising Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman that was launched in July.

According to the project, sign-ups for World ID are going on globally at an almost unbelievable rate.

Worldcoin (WLD) continues to plunge on the back of increased regulatory crackdowns by governments worldwide.

The iris-scanning project saw a surge of signups in Argentina, registering an average of one user every nine seconds.

WorldCoin's Paris office was checked by France's data watchdog this week, amid global regulatory pressure on the digital currency firm co-founded by ChatGPT-founder Sam Altman.

Worldcoin could make it easier to create digital identities for people worldwide. And even if it fails, more projects like it are coming.

The controversial “iris scan for tokens” crypto project saw record numbers of Argentines onboarded last month.

Worldcoin, one of the world's most discussed ID projects, broke an all-time high user record. The company registered 9,500 new users in the country in 24 hours.