Day: 24 July 2023

Vitalik Buterin, the co-founder of Ethereum, has voiced reservations regarding the rushed development of Worldcoin's newly introduced human identity verification project. In a lengthy blog post published on July 24, 2023, Buterin raises significant concerns about privacy and the use of iris scanning technology. His worry is centered around the ...

South Korean private banks, Hana Bank and Woori Bank, are reportedly exploring the possibilities offered by tokenized deposit technology as a viable alternative to both private stablecoins and Central Bank Digital Currencies (CBDCs).  Both banks are actively studying the concept of "certificate of deposit" tokens (CDs), which involves the conversion ...

Republican Congressman Warren Davidson has joined a growing number of U.S. politicians to advocate against the creation of central bank digital currencies (CBDCs). He urged Congress to pass legislation that would not only prevent the issuance of CBDCs but also impose penalties for their development. In a tweet on July ...

House Financial Services Committee Chairman, Patrick McHenry, has announced the markup of seven bills, three of which are focused on providing legal clarity for the digital assets ecosystem, including blockchain technology and stablecoin payments. These three bills include: H.R. 1747, the Blockchain Regulatory Certainty Act. H.R. 4763, the Financial Innovation ...

Worldcoin, an open-source blockchain protocol founded by OpenAI CEO, Sam Altman, announced on July 24, 2023, that it has officially launched and introduced its much-anticipated WLD token. The WLD token is a digital asset distributed to users who have World IDs, the project's main offering. A World ID is an ...