Worldcoin Price Stabilizes After Volatile Debut, Could Stay Around $2 Until October
The Worldcoin (WLD) price has stabilized after a volatile debut on mainstream cryptocurrency exchanges. Despite rising nearly 6% to $2.35 on July 29, the token was down 70% from its market debut peak of $7.50. The remaining 100 million tokens have been loaned to market makers outside the U.S. until October 2023, which could be Worldcoin's strategy to keep the token attractive for potential users. As a newly launched token, WLD lacks enough trading history to conduct a long-term price analysis, but on a shorter-timeframe chart, the Worldcoin token appears to be fluctuating inside an ascending channel pattern.
New Cryptocurrency Offers Free Tokens for Eye Scanning Verification in Kenya
Kenyans are showing interest in a new cryptocurrency called Worldcoin, which rewards users with free WLD tokens for scanning their eyeballs to verify their humanity. The tokens can be transferred to a crypto exchange and used to purchase other cryptocurrencies. Quickmart Outlets in Nairobi have seen an influx of young people eager to scan their eyeballs and receive the free tokens. Worldcoin aims to provide access to the global market by offering a verified digital ID, free crypto tokens, and a cryptocurrency wallet, using retinal scans to create personal identification codes stored on a decentralized chain. However, the Office of Data Protection Commissioner has warned against sharing sensitive personal data before receiving proper information about how it will be used.
European Regulators Raise Legal Concerns Over Worldcoin's Data Collection Methods
European regulators, including CNIL and the Bavarian state authority, are worried about how Worldcoin collects data. They doubt the legality of collecting biometric data and storing it. Worldcoin's plan to scan the irises of millions of people in 20 countries to grant them a "digital passport" called "World ID" and reward them with 25 WLD has raised concerns about data privacy, security, and collection. Although Worldcoin attracted 2.1 million sign-ups during its trial period, it has struggled to gain new users and has attracted attention from regulators and crypto experts.
Worldcoin's Native Token WLD Gains Attention of Crypto Investors, Doubles in Value Since Launch
According to Coingecko, Worldcoin and its token WLD have gained attention from crypto investors. The project recently launched globally, offering rewards to users who onboard the platform. WLD's value has doubled since its launch on July 24th, but has been trending sideways amidst controversy. Other trending tokens include Bitcoin, Unibot, Chainlink, HarryPotterObamaSonic10Inu, and Pepe Coin. While WLD has sparked controversy with its reward system, PEPE Coin remains the top trending token in the United States.
Worldcoin Releases Audit Reports on Security Issues Found in Proof of Humanity Protocol
Worldcoin, the protocol that verifies users' humanity, has released audit reports conducted by security consulting firms Nethermind and Least Authority. Nethermind found 26 security issues, of which 24 were fixed, one was mitigated, and another was acknowledged. Least Authority discovered three issues and made six suggestions, all of which have been resolved or have planned resolutions. Worldcoin's launch was met with criticism, with some questioning its legality and others seeing it as a necessary step towards protecting humans against malicious AIs. The audit reports cover a wide variety of security topics and most issues have been fixed, mitigated, or have planned fixes.
France's Privacy Watchdog Examines Worldcoin's Biometric Data Collection
France's data protection authority, CNIL, is reportedly investigating the legality of Worldcoin's biometric data collection, which requires users to scan their irises using an orb to obtain a World ID and cryptocurrency token. The investigation was launched after Worldcoin collected data from users in France. OpenAI CEO Sam Altman's project has seen increased sign-ups since its launch on Monday, with one unique person scanning their eyeballs for the World ID every 7.6 seconds. The UK's Information Commissioner's Office is also looking into Worldcoin.
French watchdog investigates legality of Worldcoin's biometric data collection
France's privacy watchdog, CNIL, has expressed concerns over the legality of Worldcoin's biometric data collection. The CNIL has initiated investigations into the matter after Worldcoin collected data in France. The watchdog has revealed that the Bavarian state authority in Germany has jurisdiction and is conducting investigations with support from the CNIL. Worldcoin's iris-scanning device was seen at a sign-up site in Shoreditch, East London in 2023.
Fake Worldcoin Twitter Accounts Push Malicious Links Following Launch of Human Identity Verification Token
Following the launch of the Worldcoin human identity verification token, several fake accounts on the social media platform formerly known as Twitter were promoting malicious links to their followers. Despite Twitter's recent rebranding to 'X', the platform has not changed its policy of purchasing or displaying differently colored check marks based on the type of account.
Optimism Surpasses Arbitrum in Daily Transactions Thanks to Worldcoin Launch
According to Dune Analytics, Optimism, a layer-2 blockchain, has surpassed its rival Arbitrum in daily transactions for the first time in six months. On July 25, Optimism recorded a total of 844,290 transactions, while Arbitrum recorded 630,534. The rise in Optimism's transactions can be attributed to the release of Worldcoin (WLD), a crypto AI company founded by Sam Altman, which is based on the Optimism blockchain. Despite facilitating more on-chain transactions, Optimism's daily active wallets metric falls short of Arbitrum, with 51,062 compared to 63,893 for Arbitrum.
World App now offers Reservations Feature
According to Worldcoin team, World App now launched reservations to make it easier for everyone to participate in the global economy.However, community members have reported that there are some countries that have limited access to the new features.
