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

Mad Money’s Jim Cramer Advises Investors to Get out of Crypto — Says ‘It’s Never Too Late to Sell’
Mad Money"s Jim Cramer Advises Investors to Get out of Crypto — Says "It"s Never Too Late to Sell" The host of Mad Money, Jim Cramer, has advised investors to sell their crypto,
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,900 as Markets React to Weakening Chinese Economy
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,900 as Markets React to Weakening Chinese Economy Ethereum fell below $1,900 earlier today, as crypto markets continued to
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
EU Parliament to "Vote on Adopting the Regulation on MiCA" — Expert Says Industry Needs Legal Clarity In a recent statement, the European Parliament said its members would shortl
Judge nods Robinhood’s $9M ‘refer-a-friend’ lawsuit settlement
Martin Young6 hours agoJudge nods Robinhood’s $9M ‘refer-a-friend’ lawsuit settlementRobinhood has settled a long-running class-action lawsuit in Washington that involved unsolicited text spamming via its ‘refer-
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new
Savannah Fortis11 hours agoMeta refutes claims of copyright infringement in AI trainingIn a lawsuit against Sarah Silverman and other authors, Meta claims its AI system does not create copyright-infringing material.884 T
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the
Marcel Pechman3 hours agoWhy is the crypto market down this week?Rising interest rates, delayed Bitcoin ETFs, global financial turmoil and other regulatory pressures are contributing to the crypto market’s underperform
Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero
Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price
SEC’s Gary Gensler gets irked being asked about crypto
Jesse Coghlan6 hours agoSEC’s Gary Gensler gets irked being asked about cryptoSEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the over
Analyst Says Dogecoin Price Is Ready To Surge, But Buy DOGE Under These Levels
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
IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks
IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank di