Fun

News Feed - 2023-08-02 05:08:47

Helen Partz37 minutes agoWorldcoin cryptocurrency project suspended in KenyaKenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data.360 Total viewsListen to article 0:00NewsJoin us on social networksThe new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it.


Kenya’s minister of internal security took to Facebook on Aug. 2 to announce that the country has suspended the activities of Worldcoin until relevant public agencies had certified the absence of risks to Kenyans.


“Relevant security, financial services and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities,” Minister Kithure Kindiki said in a statement.The statement by Kenya’s minister of internal security on Worldcoin. Source: Facebook


The minister stressed that the government of Kenya is specifically concerned with Worldcoin collecting crucial identification information like iris scans in exchange for a digital ID.


“Appropriate action will be taken on any natural or juristic person who furthers, aids, abets or otherwise engages in or is connected with the activities afore described,” the statement said.


Related:Worldcoin rebuts reports of lackluster takeup as Altman cites Japan queues


As previously reported by Cointelegraph, the Worldcoin project was officially launched on July 24, 2023, after three years of development. The project was co-founded by Sam Altman, the CEO of OpenAI — the firm behind the popular artificial intelligence (AI)-based chatbot ChatGPT.


Worldcoin’s mission builds on expectations that it will become too difficult to differentiate between humans and online bots as AI technology grows. To differentiate humans from AI, the startup created a digital ID system based on proof-of-personhood. Such a digital ID is generated by scanning an individual’s iris and giving them a World ID.


Magazine:Tokenizing music royalties as NFTs could help the next Taylor Swift# Altcoin# Government# Africa# Kenya# Worldcoin# RegulationAdd reactionAdd reactionRelated NewsHow to track and report crypto transactions for tax purposesSeda co-founders discuss intersection of oracles and multichainWorldcoin is making reality look like a lot like Black MirrorUS state agency issues alert on crypto fraud happening over social mediaNamibia signs crypto exchange regulation bill into lawWhat is Worldcoin, and how does it help preserve World ID?

News Feed

Ray Salmond5 hours agoBitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100KA surge in CME BTC volumes and open interest highlights institutional investors’ growing interest in Bitcoin. Will it be eno
Bad actors and ‘block storms’ — Bitcoin dev calls for testnet reboot
Tom Mitchelhill7 hours agoBad actors and ‘block storms’ — Bitcoin dev calls for testnet rebootBitcoin’s testnet needs to be reset so it can remain free for developers to use, says software engineer Jameson Lopp.1
Blockchain Expo Tokyo Series Set to Take Business Scene by Storm
Blockchain Expo Tokyo Series Set to Take Business Scene by Storm Taking place April 1 – 3, Japan’s premier blockchain exposition, Blockchain Expo Tokyo, will feature
March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs
March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the
Top 10 Alternative Cryptocurrencies Hit 6 Month Lows
Nearly all top 10 alternative cryptocurrencies by Market Capitalization have hit their respective 6-month lows after bitcoin’s rapid price slide dragged the rest of the markets into the red on Tuesday.
Grayscale Investments Asks Investors to Help Convince SEC to Approve Bitcoin Spot ETF
Grayscale Investments Asks Investors to Help Convince SEC to Approve Bitcoin Spot ETF Grayscale Investments, the world’s largest digital asset manager, has launched a campai
Bloodbath Incoming? Dogecoin Must Hold This Level To Survive
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining IndustryThe firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 mil
Report: Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa
Report: Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa In what has been described as a collaboration that will deepen crypto adoption, th
Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand for Exposure to Digital Assets Beyond BTC’
Fidelity Launches Ethereum Index Fund — Sees Client "Demand for Exposure to Digital Assets Beyond BTC" A filing with the U.S. Securities and Exchange Commission has shown that Fi
Massive Dogecoin Rally Incoming? Experts Point To Over 1,000% Upside
Este artículo también está disponible en español. As we enter January 2025, Dogecoin (DOGE) is once more piquing the interest of investors and crypto aficionados. With a
Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows
Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows The growth and popularity of community inclusion cryptocurrencies in Kenya con