Kenyan Police Raid Worldcoin's Nairobi Warehouse and Confiscate Machines and Documents
Kenyan police raided the Nairobi warehouse of Worldcoin and seized machines and documents on Saturday, according to local news sources. The officers, accompanied by multi-agency officials, entered the offices armed with a search warrant and took machines that they believe store data collected by the company. The data was taken to the Directorate of Criminal Investigations headquarters for analysis. The raid was reportedly supervised by Kenya's Data Protection Commissioner, Immaculate Kassait, who claims that Worldcoin's parent company, Tools for Humanity, failed to disclose its true intentions during registration. Worldcoin has not yet commented on the incident.
World ID Verifications Increase by Over 100% Following Worldcoin Launch Out of Beta
The official blog of identity protocol Worldcoin has reported a more than 100% increase in weekly global World ID verifications following the launch of its beta version. This indicates a significant rise in demand for the product. The rate of World ID verifications had already doubled once in 2023, and last week's 2X growth in weekly sign-ups demonstrates sustained demand.
Worldcoin Sees 148% Surge in Unique Addresses, Top 20 Wallets Control 94% of WLD Supply
Worldcoin's native cryptocurrency, worldcoin (WLD), has experienced a significant increase in the number of unique addresses holding the token. Over the past 12 days, the count of individual addresses has surged by 148%, rising from 164,195 wallets to 408,721.
Kenyan Authorities Give Conflicting Statements on Legality of Worldcoin's Operations
Kenyan authorities have given conflicting statements regarding the legality of Worldcoin's operations in the country. Worldcoin is a cryptocurrency protocol that uses iris scans for user verification and has its own hardware, the Orb, for this purpose. While the Minister for the Digital Economy stated that Worldcoin is lawful within the country's data-collection rules, the Ministry of the Interior suspended the project's operations citing concerns over financial security and data protection. The Office of Data Protection Commissioner and Communications Authority also raised regulatory concerns around the project, including the aggregation of citizen data in private hands and obtaining consent in exchange for money.
Ethereum Founder Shares His Thoughts On Worldcoin’s Proof Of Personhood
The Worldcoin project has made a grand debut on the OP Mainnet, with a focus on revolutionizing global financial accessibility. Ethereum co-founder Vitalik Buterin has shared his thoughts on the project's unique approach to proof of personhood, which is a core component of Worldcoin's identity verification framework.
Worldcoin Temporarily Pauses Services in Kenya After Suspension Notice
Worldcoin, a crypto project co-founded by Sam Altman, has temporarily suspended its services in Kenya after receiving a suspension notice. The project uses orb-shaped devices to scan people's irises to verify their identity and offers a share of its new cryptocurrency, WLD, as an incentive.
Worldcoin to Expand Globally with Iris-Scanning and Identity-Verifying Technology, Raises Privacy Concerns
Worldcoin, a project co-founded by Sam Altman, plans to expand globally and offer its iris-scanning and identity-verifying technology to other organizations. Users provide iris scans in exchange for a digital ID and free cryptocurrency in some countries. The project has raised $115 million and has 2.2 million users globally, but is being investigated by data watchdogs in Britain, France, and Germany due to privacy concerns. Worldcoin aims to create an "identity and financial network" and enable "global democratic processes."
Billionaire Mike Novogratz Bullish on Worldcoin, Praises BlackRock CEO's Bitcoin Efforts: Report
Galaxy Investment Partners CEO Mike Novogratz believes that Worldcoin, an artificial intelligence-based altcoin created by Sam Altman, has bullish potential due to the current hype surrounding AI. Novogratz predicts that the price of Worldcoin, which uses iris-scanning technology, could rise significantly.
Worldcoin: a solution in search of its problem
Worldcoin doesn't seem to know what problem it's trying to solve, but they want to scan your eyeballs anyway.
Optimism's TVL Approaches $1 Billion Mark, but DEX Volumes Decline: Improvement Needed
Optimism's Total Value Locked (TVL) has experienced significant growth, surpassing the $900 million milestone and approaching the $1 billion mark. However, the volumes of decentralized exchange (DEX) on Optimism have been declining, indicating the need for improvement in the DeFi sector.
