Sam Altman: Worldcoin Scanner Expects New Releases Every Two Years
Sam Altman, co-founder of Worldcoin, stated at Token 2049 on September 14 that Worldcoin scanning devices are expected to release a new version every two years with better security and imaging. He also stated that for cryptocurrencies to become mainstream, they need to be easier to use, more suitable for certain important use cases, and have clearer regulations. The two biggest obstacles for Worldcoin currently are operational challenges and biometric resistance.
Alex Blania: Worldcoin Has Still Not Become a Mainstream Application, and Regulatory Issues Are the Main Problem in Promotion
Alex Blania, co-founder and CEO of Worldcoin's parent company Tools for Humanity (TFH), spoke at the "Virtual Fireside Chat: Sam Altman" session at Token2049 in Singapore, saying:
"The communication with regulatory agencies and policymakers, especially after the official launch of Worldcoin, is an important part of my current work. I want to make it clear that, especially last year, the entire industry went through a difficult period. I went to many countries and they are really trying to explore a general regulatory framework for cryptocurrencies.
Worldcoin CEO: Cryptocurrency Will Play an Important Role in Building Universal Basic Income in the Future
September 13th, Alex Blania, CEO of Worldcoin, spoke at the Token2049 roundtable conference in Singapore, stating that although there are no exact numbers, a simplified model for universal basic income (UBI) is to assume a 5% annual economic output growth rate and continuous increase through some linear function. In the next 10 to 20 years, it is possible that certain groups will actually receive basic income security payments through cryptocurrency, which is exciting. In addition to basic income security, cryptocurrency can help us build social tools to adapt to the development of new technologies. This is of great significance for the future development of cryptocurrency.
90% of Worldcoin holders lose money
According to IntoTheBlock charts, Worldcoin (WLD) had a strong start with 2,270 active addresses trading on July 24th. However, as of August 31st, this number has decreased to only 137 active wallet addresses. This means network activity has dropped by 94%. Additionally, the WLD price has fallen below $1.20, causing 90% of WLD holders to suffer losses.
Worldcoin: Argentina Sets New Record With 9,500 Users Completing World ID Verification in a Single Day
August 31st, Worldcoin announced that Argentina set a new record with 9,500 users completing World ID verification in a single day. This means that one person in Argentina successfully passed the verification every 9 seconds. Currently, the World App has also become the top-ranked app in Argentina's App Store.
Data: The number of wallets on the Optimism chain holding Worldcoin tokens exceeded 500,000
According to data from Dune Analytics, the number of wallets holding Worldcoin tokens on the Optimism chain has exceeded 500,000, reaching 541,364 at the time of writing. The total number of Worldcoin wallets, not including those that have not yet migrated to the Optimism pre-release wallet, is approximately 1.182 million.
Kenyan Government Launches Parliamentary Committee to Investigate Worldcoin Project
Kenya has established a parliamentary committee to investigate Worldcoin, a controversial project that requires users to verify their human identity through iris scanning using a hardware device called the "Orb." The committee has been granted 42 days to examine Worldcoin's activities and present its findings to the House. This comes after Kenyan authorities suspended Worldcoin's operations and a court ordered the preservation of data gathered by the company. <br>
Kenyan Government Forms Parliamentary Committee to Investigate Worldcoin
Kenyan government has established a 15-member parliamentary committee led by Narok West MP Gabriel Tongoyo to investigate the cryptocurrency project Worldcoin. The committee will investigate Worldcoin within 42 days and submit a report to the House Committee.
Three weeks ago, Kenya suspended the operation of Worldcoin because the project failed to comply with the government's order to stop scanning users' irises.
Interior Cabinet Secretary Kindiki Kithure, who played a key role in suspending Worldcoin's operation, told the House Committee that the government is concerned about Worldcoin's activities of registering citizens and collecting eye/iris data, claiming that all of these activities pose serious security risks. (Cointelegraph)
Worldcoin Faces Steep Decline in User Interest Since Launch, Market Cap Plummets by $10 Billion
Blockchain project Worldcoin (WLD) has experienced a significant decline in user interest since its highly anticipated launch last month. According to Token Terminal, the fully diluted market cap of WLD has decreased by approximately $10 billion since its debut. The market price of the token has plummeted by over 40%, and the global number of WLD holders has plateaued with only 900 new addresses added since the beginning of August.
Regulators scrutinize Worldcoin's personal information and biometric data practices
Worldcoin is facing regulatory scrutiny over concerns about its personal information and biometric data practices. Citizens and residents in the US are not allowed to purchase or trade Worldcoin tokens, and German data regulators have been monitoring the project since November 2022. In addition, French officials have questioned the legality of collecting biometric data, and police reportedly raided Worldcoin's warehouse in Nairobi, Kenya. Worldcoin has clarified that it will not sell users' personal or biometric data and is committed to meeting regulatory requirements.
