Sam Altman-led blockchain-based Universal ID project, Worldcoin, is reportedly shifting its focus from Europe to Asia. At a recent tech summit, Fabian Bodensteiner, managing director of Worldcoin's European subsidiary, explained that the project is now concentrating on markets more receptive to technological innovation. He emphasized that Europe is no longer ...
South Korea's Personal Information Protection Commission (PIPC) has imposed a fine of 1.1 billion Korean won ($830,000) on Worldcoin and its developer, Tools For Humanity, over alleged personal data collection and transfer violations. According to the regulators, the Worldcoin Foundation failed to properly inform individuals about their scanned iris data's ...
Hong Kong's Office of the Privacy Commissioner for Personal Data (PCPD) issued an enforcement notice demanding that the Worldcoin project stop all its operations in Hong Kong due to significant lapses in its data privacy practices and consent protocols. In a statement published on May 22, the privacy watchdog noted ...
Humanity Protocol, a decentralized identity solution based on blockchain technology, has achieved unicorn status following a successful seed funding round, elevating its valuation to $1 billion. The project raised $30 million in the funding round, and according to its announcement, the raised funds will be used to fuel the expansion ...
UPDATE (1 February 2024): This news report has been updated with comments and clarifications provided to DeFi Planet by the WorldCoin team, and its headline has been adjusted for accuracy ("Privacy Watchdog Raises Alarms on Data Privacy Breach" was replaced with "Privacy Watchdog Raids Offices Amidst Data Protection Investigation". This ...
Worldcoin has revealed plans to change how it compensates its "Orb Operators;" it is transitioning from using the USDC stablecoin to its native token, WLD, starting next month. In an announcement on October 22, Worldcoin stated that this shift signifies a "transitional phase" following its mainnet launch in July 2023. ...
The rise of AI-generated content and the challenge of distinguishing it from human-created work foreshadows a future where identifying real humans becomes increasingly difficult. However, we can leverage blockchain technology to create a unique database of information about real individuals that could serve as a verification tool when faced with ...
In recent months, Worldcoin has been the subject of significant attention over its interesting and controversial approach to creating a blockchain-based identity solution for humans in the impending age of artificial intelligence (AI). The project sparked enthusiasm and controversy among blockchain faithful and skeptics alike and also managed to draw ...
The Kenyan government has taken decisive action by suspending the Worldcoin project over fears of potential unauthorized collection and misuse of essential private data. According to a statement published on Facebook on August 2, 2023, the suspension will remain in effect until relevant public agencies have certified that there are ...
Worldcoin (WLD), the cryptocurrency associated with the Worldcoin project, experienced a significant surge in value upon its launch on July 24, 2023. The cryptocurrency reached an average price of $3.31 on the same day. source: coinmarketcap.com However, the initial excitement was short-lived, as the token's gains were swiftly wiped out ...
