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Hong Kong’s PCPD orders Worldcoin to wind up its business
23.5.2024
The Office of the Principal Commissioner for Personal Data (PCPD) has ordered Worldcoin to close its doors owing to the ongoing investigation into the company, which began in early 2024. Interestingly, Worldcoin is a crypto exercise that was co-founded by Sam Altma, the CEO of OpenAI. In early...
Hong Kong Regulator: Worldcoin Activities Violated Privacy Ordinance
23.5.2024
The Hong Kong data regulator recently concluded that Worldcoin’s data collection methods and activities violated the region’s “privacy ordinance.” Privacy Commissioner Chung Liling has issued an enforcement notice requesting Worldcoin to cease data collection from Hong Kong...
Worldcoin Operations Violate Privacy and Should Cease, Hong Kong Regulator Says
22.5.2024
Privacy Commissioner for Personal Data personnel visited 10 of the project's locations in December and January
Worldcoin Ordered to Cease Operations in Hong Kong Over Privacy Compliance Issues
22.5.2024
Hong Kong’s privacy watchdog on Wednesday instructed OpenAI founder Sam Altman’s Worldcoin project to halt all activities in the region. This includes scanning and collecting iris and facial images from the public using iris-scanning devices.
The post Worldcoin Ordered to Cease Operations in Hong...
Worldcoin ordered to stop operations in Hong Kong
22.5.2024
The PCPD ruled that Worldcoin’s retention of sensitive biometric data, including face and iris images, for up to 10 years solely for AI model training was unjustified
Worldcoin Turns Red: WLD Price Falls 18% as Money Shifts to Competing AI Project
15.5.2024
Worldcoin ($WLD), the blockchain project helmed by OpenAI’s Sam Altman, has fallen nearly 20% in the last two weeks and 6.4% overnight despite other leading cryptocurrencies posting green candles. The WLD token currently trades for $4.83. That’s 59% short of its all-time high (ATH)...
Humanity Protocol Raises $30M at $1B for Decentralized Identification to Rival Worldcoin
15.5.2024
While Worldcoin's technology is based on iris scans, Humanity Protocol uses palm prints
Worldcoin beefs up security by open-sourcing biometric data system
15.5.2024
Worldcoin Foundation open sources a secure multi-party computation (SMPC) system to enhance biometric data protection and confirmed that users can now securely delete old iris codes
Iris-Scanning Worldcoin Token Gets Malaysian Regulator’s Nod
15.5.2024
Malaysia-based Cuscapi's associate company MX Global received the approval from Malaysia regulator, to facilitate trading of WLD token.
The post Iris-Scanning Worldcoin Token Gets Malaysian Regulator’s Nod appeared first on Cryptonews
Leading Trader Criticizes Worldcoin’s ‘Predatory’ Tokenomics, Labels WLD a Fake $60B AI Coin
15.5.2024
The Worldcoin project’s predatory tokenomics will not result in the “greatest transfer of wealth” to the masses but a transfer to the “pockets of the Worldcoin team and insiders,” a top-ranked trader has asserted. The top trader also accused project promoters of using...
Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes
8.5.2024
Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found...
Worldcoin Hopes to Resolve ‘Differences’ with Argentinian Authorities
8.5.2024
Worldcoin officials want to smooth out their “differences” with Argentina regulators, with Tools for Humanity CEO Alex Blania visiting President Javier Milei’s advisors this week.
The post Worldcoin Hopes to Resolve ‘Differences’ with Argentinian Authorities appeared first on Cryptonews
Worldcoin Price Rises on May 9 New ChatGPT Rumors and Traders Focus on AI Meme Coin for Gains
7.5.2024
Worldcoin ($WLD), the biometric crypto project helmed by OpenAI CEO Sam Altman, has shot up a blistering 37% in the last seven to trade at $6.17 as of this writing. A rumor that ChatGPT, OpenAI’s main offering, is launching a search engine next week spurred much of Worldcoin’s rally...
This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines
6.5.2024
Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as the standout performer, surging by 32.4% against...
Latam Insights: South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization Bill
6.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets...
Buenos Aires Targets Worldcoin With Eye Scanning Biometric Bill
4.5.2024
A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected...
Worldcoin Price Prediction as WLD Closes in on $5 – Is It Time To Buy?
3.5.2024
WLD has jumped by 5% in the past 24 hours, with the Worldcoin price moving to $4.74 as the cryptocurrency market enjoys another day of recovery today.
The post Worldcoin Price Prediction as WLD Closes in on $5 – Is It Time To Buy? appeared first on Cryptonews
Argentina Lawmaker Unveils Draft Worldcoin Regulation Bill
2.5.2024
An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation.
The post Argentina Lawmaker Unveils Draft Worldcoin Regulation Bill appeared first on Cryptonews
Worldcoin Operator Announces Mexico Expansion – Despite Potential Probe
1.5.2024
The Worldcoin operator Tools for Humanity is expanding its services in Mexico, the firm announced, in spite of lawmakers’ calls for a government probe into its iris-scanning drive.
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Sam Altman’s OpenAI reportedly in partnership talks with his other firm, Worldcoin
28.4.2024
The potential partnership comes amid increased regulatory scrutiny for both companies