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Worldcoin and Tools for Humanity Fined in South Korea

Worldcoin and Tools for Humanity Fined in South KoreaWorldcoin, the biometric identification project, and its parent company, Tools For Humanity (TFH), have been fined by the Personal Information Protection Commission (PIPC), South Korea’s data protection agency, for violating the Personal Information Protection Act. According to local media, Worldcoin did not inform data collection subjects about the collection and use purposes, retention and use […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Worldcoin faces ‘scam’ allegations after extending token lockup by 2 years

Worldcoin faces allegations of price manipulation after delaying unlocking 80% of its native tokens.

The eyeball-scanning human identification project Worldcoin faces allegations of price manipulation and scam a day after the project delayed unlocking 80% of its native token. 

On July 16, Worldcoin developer Tools for Humanity (TFH) announced changes to its native token unlock schedule. The organization extended the unlock schedule for 80% of Worldcoin (WLD) tokens held by its investors and team members.

The tokens were initially set to be unlocked over three years. However, the new update pushes the unlock to over five years, beginning on July 24. With this, WLD tokens will be unlocked progressively in the next four years, concluding in July 2028.

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Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Worldcoin partners with Alchemy to build blockchain infrastructure

Worldcoin revealed a partnership with Alchemy to build out infrastructure for its blockchain World Chain, which is also the new home for its World ID and World App.

Worldcoin, the iris-scanning biometric digital identity project, and the Web3 development platform Alchemy revealed a new partnership to build out the infrastructure for the World Chain ecosystem. 

On June 26, Worldcoin announced that its collaboration with Alchemy will give World Chain developers immediate access to its complete and comprehensive Web3 developer platform.

This includes both core and data APIs, indexing solutions and a suite of other tools needed by developers to power their apps.

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Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Worldcoin Agrees to Temporarily Stop Operations in Spain

Worldcoin Agrees to Temporarily Stop Operations in SpainWorldcoin, the biometric proof-of-personhood identification protocol, has agreed to temporarily stop its operations in Spain. According to statements from the Spanish privacy watchdog AEPD, the company committed to stop its data collection practices for a year or until Baviera’s privacy regulator finishes its investigation into Worldcoin’s inner workings. Worldcoin to Pause Biometric Data Collection Activities […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes

Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing ProbesAlex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Worldcoin Introduces Complaint Against Operations Ban in Spain

Worldcoin Introduces Complaint Against Operations Ban in SpainWorldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin, argues that the agency circumvented the General Data Protection Regulation (GDPR) established procedures when taking the ban actions against the project. Worldcoin to Fight Operations […]

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO

The Board of Directors removed Altman on the grounds that he was allegedly ‘not consistently candid in his communications with the board.’

ChatGPT developer OpenAI has removed founder Sam Altman from its CEO position, according to a November 17 blog post. Chief technology officer Mira Murati will be promoted to interim CEO. According to the post, the Board of Directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.”

Altman could not immediately be reached for comment.

The Board of Directors for OpenAI stated that it remains committed to building artificial intelligence (AI) applications going forward:

“OpenAI was deliberately structured to advance our mission: to ensure that artificial general intelligence benefits all humanity. The board remains fully committed to serving this mission[…]Mira is exceptionally qualified to step into the role of interim CEO. We have the utmost confidence in her ability to lead OpenAI during this transition period.”

Related: OpenAI halts new ChatGPT Plus sign-ups amid high demand

The board also stated that it is “grateful for Sam’s many contributions to the founding and growth of OpenAI” but claimed that “new leadership is necessary as we move forward.” The board’s chairman, Greg Brockman, will also be stepping down from his position. However, he will remain as an employee, “reporting to the CEO,” according to the post.

The board of directors consists of Adam D’Angelo, Tasha McCauley, Helen Toner, and OpenAI chief scientist Ilya Sutskever. According to the post, the majority of board members are “independent directors” who do not hold equity in OpenAI.

Sam Altman is also the founder of Tools for Humanity, the developer of crypto project Worldcoin. Cointelegraph reached out to Tools for Humanity for comment, but did not get a response by the time of publication.

This is a developing story, and further information will be added as it becomes available.

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps

Worldcoin claims 4 million app downloads and 1 million active users

The ‘World App’ for iOS and Android has now been downloaded 4 million times, according to data collected by its development team, Tools for Humanity.

Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a November 1 blog post from the project’s team. If this number is eventually confirmed by Coingecko, it could place World App in sixth place in Coingecko’s list of most downloaded software wallets.

The Worldcoin development team, called “Tools for Humanity,” also claimed that it now has over 1 million monthly users, double the number it had six months ago.

Worldcoin is a project that allows users to prove their humanness by having their irises scanned. Once the user has their iris scanned, they receive a “World ID” which can be used to verify to applications that they are not a bot. Each user who goes through verification receives 25 Worldcoin (WLD) tokens, worth approximately $46.50 currently.

The project has become popular in developing markets like Argentina, as some participants have seen registering and then selling the coins as a quick way to make a few extra bucks.

However, Worldcoin has also been criticized for allegedly being a danger to privacy. Critics claim that it is too centralized and can result in users’ data being leaked publicly.

In order to cash out their WLD, users of Worldcoin need to download the World App to generate an account. In its November 1 post, the team stated that the app has now been downloaded over 4 million times. This would place it above the Solana Phantom wallet but below Bitcoin.com’s Bitcoin wallet on Coingecko’s list of most popular wallets.

Some of the users who register appear to be sticking around and continuing to use the app after it is downloaded. The app has reached 1 million monthly, 500,000 weekly, and 100,000 daily active users. This is double the number of monthly active users it had six months ago, the post stated.

Related: Worldcoin launches gas-free wallet app for verified humans

Despite these successes, the project continues to be criticized by some privacy-advocates. On October 2, a parliamentary committee in Kenya ordered Worldcoin to stop operating in the country due to privacy concerns. The project compiled with the order, but also issued a statement claiming they had complied with all privacy laws in the country.

Democratic SEC Commissioner Jaime Lizárraga Announces Plan To Step Down, Following Gary Gensler’s Footsteps