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According to a Facebook statement, Kenya's Ministry of the Interior has suspended the operations of Worldcoin as the country's financial, security and data protection services investigate the project. "The Hash" panel shares their thoughts on the legitimacy of the identity crypto protocol co-founded by OpenAI's Sam Altman.
The CEO of Worldcoin's founding entity confirmed on Aug. 2 that his organization has paused “World ID verifications in Kenya” and will attempt to address concerns raised by authorities. Kenya's ICT Minister Eliud Owalo has said Worldcoin's verification services were being carried out within the confines of the law.
Blockchain security firm CertiK revealed on Aug. 3 a vulnerability in Worldcoin that could have potentially allowed attackers to take over Orbs. The bug, before it was patched, would have allowed an attacker to bypass verification procedures to become an operator of Orbs.
As per a new revelation, hackers could have evaded Worldcoin's verification and participation criteria to become an Orb operator.
In a digital age defined by rapid technological advancement and innovative disruption, Worldcoin has emerged as a contentious figure in the cryptocurrency arena. Under the guidance of Sam Altman, the CEO of OpenAI, Worldcoin is propelling itself into the limelight with its audacious proposal to revolutionize the concept of digital identity using cutting-edge iris scanning technology.
This week's Crypto Biz looks at Worldcoin's expansion plans, GameStop's exit from crypto, MicroStrategy's quarterly results and Nomura's crypto license in Dubai.
The smart contract auditor found that operator verification could have let operators into the system without verified ID or even being a company.
The Kenyan government has taken a critical step by putting a temporary stop to Worldcoin, a freshly launched cryptocurrency and digital identity project, which was founded with an ambitious goal to distinguish humans from AI systems. This unexpected halt was revealed by Minister Kithure Kindiki, Kenyas internal security chief, through a Facebook post on August 2.
On May 29, 2023, Certik, a blockchain and smart contract auditing firm, reported a critical security vulnerability within Worldcoin's verification process. This flaw could have allowed attackers to bypass strict identification measures and operate an Orb, a device used to collect users' iris information.
Coin Bureau host Guy Turner is warning that the controversial crypto project Worldcoin (WLD) could collapse within a year. In a new video, Turner tells his 2.3 million YouTube subscribers he has concerns that the artificial intelligence-based altcoin, which uses iris-scanning technology, may not live up to its promise.
A member of the far-right Alternative for Germany party has clashed head-on with privacy claims made by Worldcoin and its Orb activity.
The Worldcoin team has reportedly confirmed the security vulnerability and issued the required fix to the issue.
Following the hype that saw hundreds of housands of willing participants lining up to have their eyeballs scanned by ‘the Orb' gadget, courtesy of Worldcoin (WLD), a blockchain-based digital project co-created by Sam Altman, the CEO of OpenAI, which has created the artificial intelligence (AI) tool ChatGPT, some privacy concerns have arisen.
Kenya's interior ministry revealed on Wednesday (August 2, 2023) that it would be suspending the local activities of the crypto-related initiative Worldcoin as the nation's authorities assess various risks to the public's general safety.
Worldcoin is exploring a decentralized and incentivized approach to manufacturing its iris-scanning orbs
Sam Altman believes his product ChatGPT will disrupt the world. As a “solution” to the consequences, he's asking you to scan your eyeballs with his new Orb.
In a move that has caught the attention of the global cryptocurrency community, the Kenyan interior ministry recently announced the suspension of Worldcoin's activities within the country. The decision came as a response to growing concerns over potential risks to public safety associated with the cryptocurrency project.
Kenya's data watchdog found Worldcoin is compliant with its data protection laws, but has now find different problems with Sam Altman's project.
Manufacturing and operating Worldcoin's iris-scanning orbs could become a decentralized and incentivized process like Bitcoin mining, the co-founder claimed. But experts have concerns about that plan.
Crypto veterans are angry about the way Worldcoin, the crypto project co-created by Sam Altman, managed the release of its token last week.
The Worldcoin (WLD) price has decreased since its much-hyped launch, but is currently making an attempt at breaking a crucial horizontal resistance area.
The Kenyan government halted operations of Worldcoin (CRYPTO: WLD), a crypto project co-founded by Sam Altman, due to concerns over data privacy and public safety. Worldcoin, which has already registered hundreds of thousands of customers in the country, is currently under investigation by the country's security, financial services, and data protection agencies.
Worldcoin, the company co-founded by OpenAI CEO Sam Altman, plans to expand its operations globally and offer its iris-scanning and identity-verifying technology to other organizations, according to a senior manager.
Identity and financial public network, Worldcoin has revealed plans to allow companies and governments everywhere to use its ID system. Worldcoin Growing Worldwide According to Ricardo Macieira, the general manager for Europe at Tools For Humanity (the San Francisco and Berlin-based company behind Worldcoin), the company will allow more users worldwide to sign up for its ID system.
