Fun

News Feed - 2023-08-11 08:08:00

Prashant Jha12 hours agoWorldcoin opens up WLD reservations for unverified usersWorldcoin project has remained controversial right from its announcement and is currently facing regulatory trouble in multiple jurisdictions where it has launched.2416 Total views27 Total sharesListen to article 0:00NewsJoin us on social networksThe iris-scanning crypto project Worldcoin has now made it possible for even unverified customers to reserve their Worldcoin (WLD) tokens.


In an announcement on Aug. 11, the Worldcoin project noted that the World App now offers a reservations feature to make it easier for everyone to reserve their WLD tokens before verifying their World ID. The reservation will be valid for 12 months and users can redeem their reserved world tokens by visiting the iris-scanning device called the Orb.World App with reservation feature. Source: Worldcoin


The Worldcoin project consists of three key elements: the Worldcoin ID, the Worldcoin App and the Worldcoin token (WLD). Users willing to scan their iris to create a biometric data-based ID system are rewarded with native WLD tokens.


Worldcoin launched on July 24 after three years of development. The project promises to create a global database for humans to differentiate it from the bots in the future. The project’s claim is based on the fact that in the future, artificial intelligence (AI) will become so prominent that it will become difficult to differentiate real humans from bots on the internet, with World ID becoming a default ID system for humans to get access to various services.


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


The project has made some bold claims and proposes to solve a utopian problem, resulting in a comparison with sci-fi shows such as Black Mirror. However, the project is already facing multiple investigations and regulatory troubles for its operations. The project was first suspended in Kenya over its data collection methodology. The government of Kenya is specifically concerned with Worldcoin collecting crucial identification information like iris scans in exchange for a digital ID.


Apart from suspension in Kenya, the project is also facing regulatory action in Argentina and the United Kingdom. While the project on-boarded over 2 million customers before its public launch, the response from customers after the launch has been lacklustre. The creators didn’t reveal the actual number of users who have claimed their WLD tokens while claiming that the response has been very encouraging with long queues.


Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Experts want to give AI human ‘souls’ so they don’t kill us all# Blockchain# Argentina# Cryptocurrencies# Privacy# Worldcoin# RegulationAdd reactionAdd reactionRelated NewsWhat is an atomic swap, and how does it work?BlackRock’s misguided effort to create ‘Crypto for Dummies’Dear crypto writers: No one wants to read your ChatGPT-generated trash

News Feed

Dogecoin Repeating History? This Setup Led To 150% Gains
Este artículo también está disponible en español. A new technical chart shared by crypto analyst Cas Abbé (@cas_abbe) on X is showing a recurring bullish pattern in Doge
Biggest Movers: BNB Rallies to 5-Month High on Monday
Biggest Movers: BNB Rallies to 5-Month High on Monday Binance coin rose to a five-month high on Monday, as cryptocurrency prices continued to trade higher. The token rose to its hi
Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar
Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar Welcome to Latam Insights, a compendium of the most relevant crypto
Kenyan Businessman Accused of Defrauding Investors of More Than $140 Million
Kenyan Businessman Accused of Defrauding Investors of More Than $140 Million Businessman and owner of a Kenyan football club, Ricardo Badoer, has been accused of fleecing more than
Joe Hall10 hours agoBitcoin gains traction in West Africa with educational driveAs anti-French sentiment rides high in West Africa, Bitique opens its doors, the “Bitcoin Mastermind” conference beckons and more nodes
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and th
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade VolumeThe decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Foll
Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving
Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving Bitcoin miners have received their third break this year as the network&#x
Bitcoin, Ethereum Technical Analysis: ETH Stays Above $2,900 as Traders Eye $3,000 Ceiling 
Bitcoin, Ethereum Technical Analysis: ETH Stays Above $2,900 as Traders Eye $3,000 Ceiling  Ethereum remained above $2,900 to start the week, as the world’s second largest
What crypto policies can voters expect from potential VPs under Kamala Harris?
Turner Wright6 hours agoWhat crypto policies can voters expect from potential VPs under Kamala Harris?Despite endorsements from major party leaders, the top and bottom of the Democratic presidential ticket have yet to be
Toncoin Price Heat Map Reveals $20 Target – Analyst
Este artículo también está disponible en español. Prominent altcoin Toncoin (TON) was not left out of the widespread crypto decline in the last week. According to data fr
Prashant Jha13 hours agoCreditors for bankrupt Voyager Digital billed $5.1M in legal feesVoyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees.1646 To