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In the latest Cointelegraph Report, we analyzed the privacy and ethical concerns around Worldcoin, currently among the most controversial cryptocurrency projects, and assessed its potential to disrupt the AI era.
Worldcoin (WLD) price slipped below the $2 support level on Tuesday, with losses in August rising toward the 25% mark. On-chain data analysis shows that Worldcoin whale investors have reacted unusually to the ongoing price correction.
Securing personal data has become a top priority. A revelation surrounding the Worldcoin project recently surfaced, emphasizing this very concern.
A prominent analyst offers insights into the potential future trends of various altcoins. While Worldcoin (WLD) faces a predicted bearish trend, Solana (SOL), Maker (MKR), and Rollbit Coin (RLB) showcase positive outlooks. Let's dive in to know what Altcoin Sherpa has to reveal on undervalued tokens surfacing the crypto space.
A closely followed analyst believes that the native token of the crypto project co-created by ChatGPT founder Sam Altman looks poised for a severe correction. Pseudonymous analyst Altcoin Sherpa tells his 196,400 X followers that he's bearish on Worldcoin (WLD), an artificial intelligence-based crypto project that uses iris-scanning technology.
A team of Kenyan police officers is reported to have raided the premises used by Worldcoin and seized devices storing users' data. The raid came just days after the Kenyan government announced the suspension of Worldcoin's activities in the country.
According to incoming market reports, Bavaria's data watchdog had not completed its privacy and security evaluation of Worldcoin prior to the project's launch, the agency's chief stated.
Worldcoin launched despite ongoing privacy assessments by Bavaria's Data Protection Authority.
The Sam Altman co-founded project has been shut down in Kenya over privacy concerns.
Germany's financial regulator, BaFin, has initiated an investigation into Worldcoin, a digital currency project co-founded by OpenAI CEO Sam Altman.
Germany's Bafin is probing Worldcoin's unlicensed operations, shedding light on regulatory concerns.
Germany's financial regulator Bafin is investigating the digital currency Worldcoin, German business daily Handelsblatt reported on Tuesday.
Worldcoin, the identity protocol aiming to become the world's most prominent identity and financial public network, reported a significant growth in World ID verifications following its launch out of beta.
Following the recent suspension of Worldcoin's operations in Kenya on Aug 2, the Kenyan government has initiated an investigation into the project's compliance with strict citizen privacy rights. The move came after the controversial launch of Worldcoin as a digital identification platform on July 24, intended to distinguish real humans from AI and bots.
Kenyan officials raided a Worldcoin warehouse last week, reportedly claiming it failed to disclose its intentions when it registered in Kenya.
The crypto-verse is abuzz with chatter surrounding Worldcoin, a trailblazing initiative spearheaded by Sam Altman, the visionary man behind ChatGPT. This unconventional venture has attracted the gaze of more than 2.2 million participants, who willingly underwent iris scans in exchange for digital identity, and in certain regions, even receiving free cryptocurrency.
In the realm of technological innovation, Worldcoin, backed by Tools for Humanity, has sparked a wave of enthusiasm by offering users a groundbreaking digital identity solution through iris scans. This novel approach has captivated the imagination of many, but amidst the excitement, a critical question emerges: what are the methods of data collection, and what privacy concerns do they raise?
According to an Aug. 7 report, Worldcoin's warehouse in Kenya was subject to a police raid. Authorities reportedly entered the Nairobi-based warehouse and seized machines believed to contain stored data.
In a swift and decisive move, Kenyan authorities have taken action against Worldcoin, conducting a raid on a warehouse in Nairobi on August 5th under the authority of a search warrant. This development has raised significant concerns over the company's data collection practices, particularly in relation to potential breaches of the country's stringent privacy laws.
Ever since its launch on July 24, Worldcoin has been under the spotlight, capturing the attention of users who are eagerly embracing its innovative approach to digital identity verification through iris scans. However, alongside this enthusiasm, there are also concerns emerging regarding its data collection methods.
Kenyan authorities raided a Worldcoin warehouse in Nairobi on Aug. 5 under a search warrant over concerns that the company's data collection practices may not adhere to privacy laws in the country, according to local media reports.
From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.
Worldcoin has lost its documents and machines in Nairobi to Kenyan police and other authorities in a recent raid.
The project seems to be unperturbed around the several hammers it has faced. Users also seem excited about joining the Worldcoin train.
