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Worldcoin, the high-tech cryptocurrency initiative supported by Sam Altman, might soon find itself under the scrutiny of data protection regulators in the UK. The development comes in the wake of Worldcoin's global debut on Monday.
While stock have performed well this year, cryptocurrencies have performed better. The price of Bitcoin (BTC-USD) is up 75% in 2023 compared with a 35% gain in the technology-laden Nasdaq index and a 19% increase in the benchmark S&P 500.
Worldcoin co-founder Alex Blania's recent refusal to disclose the token's distribution model has raised some eyebrows, including that of John Deaton, who has expressed his dismay at his action. Something Fishy With Worldcoin?
Worldcoin's native token, WLD, experienced a surge in value following its listing on major crypto exchanges, soaring to $3.58 before retracing to $2.28 at the time of writing, according to CoinMarketCap data. The project, co-founded by Sam Altman, seeks to revolutionize identity verification using a hardware unit known as the Orb, which scans individuals' irises.
"The Hash" team discusses the biggest stories shaping the crypto industry today, including dogecoin (DOGE) rising for the second straight day as speculation lingers that the memecoin could play a bigger role on the newly-rebranded X platform. The UK's data watchdog, the Information Commissions Office (ICO), will examine Worldcoin, a project by OpenAI CEO Sam Altman.
In 2022, Worldcoin raised serious concerns, including questionable recruitment methods, potential data privacy violations and the exploitation of vulnerable communities.
Worldcoin's (WLD) recent launch has drawn Britain's regulatory scrutiny amid community concerns over its privacy issues. Reuters reported that a spokesperson for the Information Commissioner's Office (ICO) acknowledged the project's launch, adding that the regulatory body would inquire further about its operations.
Twitter creator Jack Dorsey is the latest among top minds in technology and the cryptocurrency world to raise questions about OpenAI co-founder Sam Altman's ambitious project, Worldcoin . What Happened: Altman's Worldcoin project, which aims to "increase economic opportunity" and "distinguish humans from AI" has received mixed reactions from the technology community.
People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of free cryptocurrency, shrugging off concerns among privacy campaigners and data regulators.
Worldcoin (WLD) is a hot topic among crypto traders on Tuesday with the launch of its digital ID service and token outside the U.S.
Worldcoin, the decentralized biometric ID protocol, has officially launched, allowing users to reserve their share of WLD, the incentives-driven token of the protocol, that will be granted when confirming one's identity using a biometric device called the “Orb.
The UK Information Commissioner's Office, the national data privacy watchdog, will query Worldcoin following British sign-ups at sites in London.
This isn't stopping Worldcoin from rolling out in Britain—with iris-scanning orbs now available in three locations throughout London.
During the token's launch, the circulating supply was limited to 143 million tokens, with 43 million of the asset reserved for early adopters and 100 million provided as loans to non-US market makers.
Worldcoin notes that WLD tokens are not available to persons or companies residing in the United States. However, World ID and TFH's World App are still available in the United States.
The iris-scanning digital currency project, Worldcoin (WLD), co-developed by OpenAI's Sam Altman, has risen concerts right after its launch on July 24.
The UK data regulator announced on Tuesday that it will examine the Worldcoin iris biometric project by OpenAI CEO Sam Altman to assess potential risks related to privacy and safety. Worldcoin was launched on Monday, prompting major crypto exchanges to list the WLD token.
Concerns around privacy, security and reported connections to Sam Bankman-Fried and Three Arrows Capital have raised eyebrows in the crypto community.
The Information Commissioner's Office said it will be making inquiries into OpenAI CEO Sam Altman's project, Worldcoin.
The project has faced criticism from within the fintech world over its dystopian features and privacy concerns.
Not long after company Tools for Humanity launched Worldcoin (WLD), a token for the privacy-preserving digital identity project co-developed by Sam Altman, the co-founder and CEO of OpenAI, the platform behind artificial intelligence (AI) tool ChatGPT, concerns arose about the project.
The UK's data regulator has announced its plan to investigate Worldcoin, a cryptocurrency project spearheaded by Sam Altman, the CEO of OpenAI.
As the cryptocurrency market remains in a constant state of flux, a new player has entered the scene, captivating investors' attention and causing ripples across the digital realm. Worldcoin's newly-launched WLD token has seen a meteoric rise, surging by an impressive 30% within just 24 hours.
The firm has claimed that they comply with "very, very local and very specific rules and regulations in each of the markets where there's an Orb."
