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Billionaire Mike Novogratz is reportedly seeing the bullish potential of Worldcoin (WLD), a privacy-focused, artificial intelligence-based altcoin created by Sam Altman, the chief executive of OpenAI.
One of Germany's top privacy regulators began investigating Worldcoin's data collection practices in November 2022, and the probe is still ongoing, Reuters reported on July 31.
Worldcoin, the ambitious new cryptocurrency project spearheaded by OpenAI chief executive Sam Altman, is marred by problems and uncertainties that make it impossible to ignore.
On July 24, 2023, the much-anticipated Worldcoin, spearheaded by OpenAI's chief Sam Altman, finally made its debut after years of development. This unique cryptocurrency promised to verify users' identity through iris-scanning, potentially solving a pressing issue posed by recent advancements in artificial intelligence.
The Bavarian State Office for Data Protection Supervision (BayLDA) has initiated an investigation into the human identity verification project known as Worldcoin, citing concerns over the handling of biometric data. According to a report from Reuters on July 31, this investigation was launched in November 2022.
The Worldcoin project (WLD), led by OpenAI CEO Sam Altman, has been under investigation by German and French data protection authorities due to concerns surrounding its large-scale handling of sensitive biometric data. Worldcoin, which debuted recently, necessitates users to provide iris scans in exchange for a digital ID and, in some regions, free cryptocurrency.
Authorities in the United Kingdom and France have also reportedly cited concerns over Worldcoin's data collection methods, which involve collecting iris scans from users.
"CoinDesk Daily" takes a look at the top headlines in crypto today, including Worldcoin, which was co-founded by OpenAI's Sam Altman, facing new scrutiny in France. Grayscale calls for a fair process when it comes to the SEC approving spot bitcoin ETF applications.
Bavaria's State Office for Data Protection Supervision has been looking into the Worldcoin crypto project since last year.
WLD buyers can wait for a retest of the range lows in the $1.85 region to reassess market sentiment.
The Bavarian State Office for Data Protection Supervision has initiated an investigation into the Worldcoin crypto project, a new initiative that requires users to provide iris scans in exchange for a digital ID and potentially free cryptocurrency, according to Reuters.
The German data protection supervisory office has been conducting an investigation into OpenAI's chief executive, Sam Altman, and the Worldcoin Project since November 2022.
A German data watchdog has been investigating OpenAI CEO Sam Altman's Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data, the regulator's president told Reuters.
Worldcoin is off to a great start in terms of popularity, but it has spooked governments and raises questions on ethics, safety and privacy.
Interest in Optimism soared as TVL neared $1 billion. However, DEX volumes declined, signaling room for more growth in the DeFi sector.
The Kenyan data regulator said it is conducting an “assessment of Worldcoin's practices to ensure compliance with the law.” The data regulator has urged “increased vigilance” by Kenyans who are signing up to receive Worldcoin's “free money.
Worldcoin is already causing debate in the crypto space, and will do so for the forseeable future
Government agencies intensify crypto-related crackdown amid increased scams, US Congress progress on regulations, Worldcoin triggers regulatory concerns
The highly anticipated project co-founded by OpenAI's Sam Altman launched its WLD token earlier this week. "First Mover" co-host and The Tie's Director of Content Lawrence Lewitinn takes a closer look at Worldcoin's token performance since going live, along with its token allocation.
These small-cap cryptos are well-positioned to deliver explosive returns once their niche goes mainstream.
In the wake of Worldcoin's recent launch, the project's biometric data collection process has come under the scrutiny of France's privacy watchdog, CNIL. The innovative crypto project, led by ChatGPT-founder Sam Altman, requires users to provide iris scans in exchange for a unique digital ID and, in certain countries, free cryptocurrency.
An investigation has been launched into a crypto project in France shortly after its launch and attracting over two million users.
OP suffered a decline in demand a few days after WorldCoin's launch pushed the daily transactions count on Optimism above Arbitrum.
Worldcoin, a groundbreaking cryptocurrency platform utilizing iris biometric technology, was established in 2019 by the creative trio of Sam Altman, Max Nievebdsstern, and Alex Bania. This innovative venture received financial backing from the prestigious venture capital firm Andreessen Horowitz. This venture signifies Altman's debut into the world of cryptocurrency, and it's not been without controversy.
