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Leading Trader Criticizes Worldcoin’s ‘Predatory’ Tokenomics, Labels WLD a Fake $60B AI Coin

Leading Trader Criticizes Worldcoin’s ‘Predatory’ Tokenomics, Labels WLD a Fake B AI CoinThe Worldcoin project’s predatory tokenomics will not result in the “greatest transfer of wealth” to the masses but a transfer to the “pockets of the Worldcoin team and insiders,” a top-ranked trader has asserted. The top trader also accused project promoters of using Open AI co-founder Sam Altman’s past endorsement of Worldcoin to prop up […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

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 […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Latam Insights: South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization Bill

Latam Insights: South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization BillWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Buenos Aires Targets Worldcoin With Eye Scanning Biometric Bill

Buenos Aires Targets Worldcoin With Eye Scanning Biometric BillA bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Sam Altman’s OpenAI reportedly in partnership talks with his other firm, Worldcoin

The potential partnership comes amid increased regulatory scrutiny for both companies.

OpenAI, an artificial intelligence company co-founded and helmed by Sam Altman, is reportedly in partnership talks with Tools For Humanity’s Worldcoin, a cryptocurrency-based universal basic income and identity verification firm also co-founded by Sam Altman. 

Bloomberg recently reported that the two firms are in negotiations for a partnership that would see OpenAI providing AI solutions and services to Worldcoin with the possibility for further synergy down the road.

Any partnership between OpenAI and Worldcoin would almost certainly draw additional regulatory scrutiny given Altman’s status within both firms.

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Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Latam Insights: Brazil Bans Crypto for Gambling, Worldcoin Battles Buenos Aires

Latam Insights: Brazil Bans Crypto for Gambling, Worldcoin Battles Buenos AiresWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil bans the use of cryptocurrency for gambling-related payments, and Worldcoin faces fines for alleged abusive behavior in Buenos Aires. Brazil Passes Rules Banning Cryptocurrency Payments for Gambling Brazil has legalized the use […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Worldcoin Rejects Buenos Aires’ Claims Regarding Abusive User Contract Clauses

Worldcoin Rejects Buenos Aires’ Claims Regarding Abusive User Contract ClausesWorldcoin, the digital biometric identification project, has rejected the claims made by Buenos Aires regarding possible infringements of customer protection laws. The organization told local sources that it answered Buenos Aires’ requirements since January to show the transparency it exercises in its operations. Worldcoin might face a deeper investigation if a local proposal gets approved. […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud

Worldcoin Faces Over $1 Million in Fines in Buenos Aires for Legal Violations

Worldcoin Faces Over  Million in Fines in Buenos Aires for Legal ViolationsWorldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $1 Million […]

Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud