Worldcoin Faces Kenya Shutdown: Is This The End Or Beginning For Crypto’s Wil...
Worldcoin, a crypto project co-founded by OpenAI CEO Sam Altman, has been under the microscope in several countries, including Britain, Germany, and France. The project, led by Tools for Humanity, promises users a new “identity and financial network” but has faced criticism and scrutiny over its method of acquiring user data, particularly the scanning of […]
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The Kenyan government has set up a 17-member committee to investigate the operations of American-based cryptocurrency firm Worldcoin, due to its collection of biometric data not satisfying Kenya’s data privacy laws of the country. The process requires a user to give his iris scans in exchange for a digital ID known as global ID and get free Worldcoin tokens as part of plans to create a new identity and financial network, and the Kenyan government saw this as a security risk. Joint Ad-hoc Committee Investigation In Kenya Kenya’s National Assembly Speaker Rt Hon. (Dr.) Moses....
The Worldcoin community has become a project sponsor for The Water Project. A few weeks ago, I made a post about the troubles facing Worldcoin's Well Project. Although the Worldcoin community had raised enough money to pay for a new well in Africa through the Water Project, a price in the price of worldcoins led to that project actually only ended up with half of the $10,000 it needed to get started. To be fair, the collapse in the worldcoin price came at a time when pretty much all cryptocurrencies were falling in price, including bitcoins. After that setback, the Worldcoin community was....
In a recent announcement, Tools for Humanity, the company behind Worldcoin, revealed the upcoming launch of World Chain. The open-source Ethereum layer-2 blockchain will debut in mid-2024 and aims to transform human authentication through its integration with the Worldcoin protocol. Worldcoin Unveils World Chain Worldcoin is a project aspiring to become the world’s largest identity and […]
Last April, CCN reported that the good people of Worldcoin had successfully crowdfunded a new well near Musoli, Kenya, despite extreme difficulties due to the price of that particular coin dropping dramatically. As you may remember, thanks to project leader Brandon Brown, the remaining funds were raised by his matching subsequent donations coin-for-coin. Those who contributed to the campaign and those who believe in the role of cryptocurrencies in the developing world will be happy should know that as of December, the well began construction. And not long after that, on 26 January, the....
It seems the Vertcoin community wants to make up the difference. Update #2: The Noblecoin community has their own fundraiser through The Water Project, and it seems they convert everything to dollars as soon as possible. A few weeks ago, we reported that the Worldcoin community was able to raise over $10,000 worth of worldcoins in order to fund the development of a new well system in Africa. At this time, the funds are still in the hands of someone in the Worldcoin community, and they may not be able to use them for their intended purposes. The price of worldcoins has crashed in recent....