Worldcoin

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's Iris Scanning Technology Raises Alarms In Kenya

Company's offer of $60 along with proof you aren't a robot has hidden risks. Why trust a private enterprise with your biometric data?

Worldcoin's Iris-Scan ID Proposition Is Best Considered With Eyes Wide Open

The Kenyan interior ministry said on Aug.2 that Worldcoin's activities in the country have been “suspended” in order to give government agencies an opportunity to assess the cryptocurrency project's potential risks to public safety. The country's interior minister Kithure Kindiki reportedly warned of unspecified consequences for those violating the country's laws.

Kenyan Government Says It Has ‘Suspended' Worldcoin Activities

Worldcoin, the identity-focused crypto project co-created by Sam Altman, confirmed that it has temporarily paused services in Kenya.

After suspension, Worldcoin says it will temporarily pause Kenya services

In former East Berlin, Sam Altman's Worldcoin is scanning irises for tokens—under the watchful eye of European privacy watchdogs.

'Show Your Face to the Orb': Eyes-on With Sam Altman's Worldcoin

Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.

Worldcoin says will allow companies, governments to use its ID system

Worldcoin faces further scrutiny over its iris-scanning project, despite over 2 million sign-ups worldwide.

Kenya Suspends Worldcoin Operations Amid Privacy Concerns: Report

Worldcoin has been suspended in Kenya — a market in which it has already signed up hundreds of thousands of customers.

Worldcoin suspended in Kenya, one of its biggest markets for sign-ups so far

Kenya is the first country to fully suspend Worldcoin operations. Data protection offices in Europe have started investigations.

Kenyan Government Suspends Worldcoin Activity

Kenya's interior ministry said on Wednesday that it had suspended the local activities of cryptocurrency project Worldcoin until relevant public agencies had certified the absence of risks to Kenyans.

Kenya suspends local activities of crypto project Worldcoin

Bavaria's State Office for Data Protection Supervision (DPS) has initiated an inquiry into the Worldcoin project and its data collection techniques, as disclosed in a Reuters report on Monday.

Bavaria's Data Protection Office Launches Probe Into Worldcoin's Iris-Scanning Data Practices

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.

Billionaire Mike Novogratz Flips Bullish on Worldcoin, Says Bad Idea To Defy Sam Altman's Crypto Project: Report

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.

Sam Altman's Worldcoin Eye-Scanning Crypto Venture Under Fire From European Watchdogs

Bavaria's State Office for Data Protection Supervision has been looking into the Worldcoin crypto project since last year.

German authorities probe Worldcoin project over privacy: Reuters

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.

German data watchdog probing Worldcoin crypto project, official says

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.

Kenyan Data Regulator Issues Warning as Residents Rush to Get Worldcoin's ‘Free Money'

Worldcoin is already causing debate in the crypto space, and will do so for the forseeable future

What Crypto Investors Need To Know About Worldcoin

Arbitrum

Optimism

Optimism (OP) outpaced Arbitrum (ARB) in terms of daily transaction count this week, which is the first time the project has beaten out its rival Ethereum (ETH) scaling solution in that metric since January.

Optimism Outpaces Arbitrum in Daily Transaction for First Time Since January Amid Worldcoin Rollout

The French oversight agency, National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin's biometric data collection methods. Besides questioning the legitimacy of its data acquisition processes, CNIL is also delving into how this biometric data is stored.

Report: French Privacy Regulator Probes Worldcoin's Biometric Data Practices

Bitcoin

It was another slow week for crypto prices as another hike by the Federal Reserve took interest rates to a 22-year-high.

This Week in Coins: Weak Week for Bitcoin and Ethereum—And Worldcoin Launch

Worldcoin, the digital ID passport and universal basic income project, is allegedly rising in popularity, with thousands of people said to be signing up and registering. According to Sam Altman, co-founder of the project, one person is currently verified by the iris scanning devices — the “Orb” — every 8 seconds.

Worldcoin Adoption Said to Be Accelerating; Sam Altman States ‘One Person Getting Verified Every 8 Seconds'

The co-founder and CEO of CryptoQuant says that Sam Altman's new altcoin project is “attempting to create colonies.” Crypto analyst Ki Young Ju tells his 327,800 Twitter followers that Open AI founder Sam Altman's Worldcoin (WLD) project definitely has global aspirations.

Crypto Quant Analyst Does a Deep Dive Into Sam Altman's Hot New Worldcoin (WLD) Project

With the recent launch of Worldcoin's token, worldcoin (WLD), Optimism has experienced a surge in daily transactions, reaching an all-time high on July 27. Data reveals that 944,000 Optimism transactions were processed on Thursday, with WLD transfers closing in on 1 million.

Worldcoin's Launch Propels Optimism to Record-Breaking Daily Transaction Volume

A crypto project using eye-scanning technology is reportedly under investigation in France just days after launching and signing up over two million users. According to a new report, Worldcoin (WLD) will be investigated by France's privacy watchdog, the CNIL, over the legality of its biometric data collection, which involves iris-scanning orbs.

Worldcoin (WLD) Under Investigation in France Days After Launching and Signing Up Over Two Million: Report

No crypto project since Facebook's Libra has generated such hue and cry from within the crypto community. Is it right to be concerned by Sam Altman's iris-scanning uber-ambitious UBI project?

News for Worldcoin Crypto (WLD)