World | Crypto

Thailand has ordered World to stop iris-for-token sign-ups and permanently delete stored biometric data from about 1.2M people, saying the model has breached PDPA rules on sensitive information and echoed wider global concerns over iris-based digital identity systems. The post Thailand Orders Sam Altman’s World to Wipe 1.2M Iris Scans Or Face Prison appeared first on Cryptonews.

Sam Altman-backed digital ID project World halts Thai operations after authorities cite violations of the WLD token exchange and the Personal Data Protection Act. Authorities in Thailand have officially requested World, a Sam Altman-backed digital identity project, to suspend operations and delete all user identification data. Thailand’s Economic and Social Development Board, the country’s strategic planning agency, has ordered World to delete iris scans of 1.2 million local users, according to a statement by the Ministry of Digital Economy and Society (MDES) on Monday. The order detailed that World’s iris scanning in exchange for its Worldcoin (WLD) token violated Thailand’s Personal Data Protection Act, which governs the collection, use and disclosure of personal data. Read more

YoungHoon Kim's $220,000 Bitcoin prediction faces widespread doubt as the crypto market has shed $1.1 trillion in 41 days, with experts warning of potential drops to $89,000 or lower support levels. The post World’s Smartest Man Forecasts Bitcoin to Reach $220,000 in the Next 45 Days appeared first on Cryptonews.

Thailand’s SEC raids World’s iris scanning site over unlicensed WLD token operations, raising legal concerns about the digital identity project. World, formerly known as Worldcoin, is facing new issues in Thailand, with local authorities raiding an iris scanning location allegedly connected to the platform. Thailand’s Securities and Exchange Commission (SEC) conducted a joint operation with the Cyber Crime Investigation Bureau (CCIB) to raid an iris scanning location related to “WLD exchange services,” the SEC announced Friday. World’s WLD (WLD) token is the project’s native cryptocurrency, distributed to eligible World ID users in exchange for verification through iris scanning at World’s orb locations. The digital identity project is co-founded by OpenAI CEO Sam Altman. Read more

World’s Polymarket Mini App integration came amid prediction markets surging past 2024 records, with $2 billion in weekly trading volumes. World, OpenAI CEO Sam Altman’s digital identity project, formerly known as Worldcoin, is expanding into prediction markets by integrating Polymarket. World App, a mobile application that combines a digital wallet with World’s decentralized identity tool, World ID, has integrated the Polymarket App, the company announced on Tuesday. “World App users can download and access the new Mini App today in countries where Polymarket’s services are permitted,” the announcement said. Read more

The world’s largest derivatives market is eyeing 24/7 trading for SOL – Solana price predictions now eye $1,000 with deeper TradFi exposure. The post Solana Price Prediction: World’s Largest Derivatives Exchange Eyes SOL – $1,000 SOL is Just the Start appeared first on Cryptonews.

XRP price prediction has weighed a path toward $5 after a rebound above $3 and a wedge breakout attempt, while institutional interest has increased and CME has planned 24/7 crypto trading with BTC, ETH, and pending SOL and XRP options that have pointed to deeper liquidity. The post XRP Price Prediction: World’s Largest Exchange Moves to 24/7 Trading For Crypto – Is This the Start of Full Wall Street Adoption? appeared first on Cryptonews.

The SEC’s new initiative, Project Crypto, has mapped a roadmap for on-chain markets: classifying tokens as collectibles, commodities or stablecoins; granting safe harbors for airdrops; modernizing custody; and allowing registered platforms to list crypto assets alongside traditional securities. The post SEC Launches ‘Project Crypto’ Initiative to Make America the ‘Crypto Capital of the World’ appeared first on Cryptonews.

Divine Research has issued 30,000 unbacked USDC loans using Sam Altman’s World ID to verify borrowers, targeting underserved users. San Francisco-based lender Divine Research has issued around 30,000 unbacked short-term crypto loans since December, using OpenAI CEO Sam Altman’s iris-scanning platform World ID to verify borrowers. Divine offers loans under $1,000 in the USDC (USDC) stablecoin, mainly to overseas borrowers underserved by traditional finance. It uses World ID to ensure users cannot open multiple accounts after defaulting. “We’re loaning to average folks like high-school teachers, fruit vendors . . . basically anyone with access to the internet can get access to our funds,” Divine founder Diego Estevez told the Financial Times. “This is microfinance on steroids.” Read more

Bitcoin market capitalization has overtaken silver following the coin's surge to a new all-time high above $118,000. The post Bitcoin Surpasses Silver, Becomes Sixth Largest Asset in the World appeared first on Cryptonews.

Worldcoin's World ID achieved 100 million uses across third-party apps marking major adoption milestone despite WLD down 89% from $11.74 ATH amid regulatory challenges. The post Worldcoin’s World ID Surpasses 100 Million Uses Across Third-Party Apps – Is WLD Ready for a Recovery? appeared first on Cryptonews.

Pi Network coin (PI) has performed poorly in the past month, with losses of 32.4% after it broke below its critical support of $0.60.The community has been disappointed by a lack of updates and further ecosystem growth initiatives from the Pi Core Team since the launch of the public mainnet.Even the most die-hard supporters have […] The post Pi Coin Price Prediction: Is the World’s Most Controversial Token About to Prove Everyone Wrong? appeared first on Cryptonews.

Many users said they would delete accounts or consider moving to another platform if Reddit were to adopt World’s verification system. Social media platform Reddit is reportedly considering using the iris-scanning orbs developed by World — a project by Tools for Humanity, co-founded by OpenAI CEO Sam Altman — for its user verification system. According to a Friday Semafor report citing two people familiar with the matter, the platform is weighing the World ID system as a way for Redditors to verify that they are unique individuals. The report suggested that the verification system could still allow users to remain anonymous if they chose to do so. In response to the report, many users said they would delete their accounts or consider moving to another platform if Reddit were to adopt the verification system, citing concerns with privacy and anonymity.  Read more

The Depository Trust & Clearing Corporation (DTCC), which handles the clearing and settlement of nearly all U.S. stock trades, is exploring the issuance of a U.S. dollar-backed stablecoin, The Information reported on June 12, citing sources familiar with the matter. According to the report, DTCC is in the early stages of evaluating whether to launch […] The post World’s largest financial clearinghouse DTCC eyeing stablecoin launch appeared first on CryptoSlate.

World claims to offer financial inclusion through identity verification, but critics warn it may sacrifice decentralization, privacy, and self-sovereignty. The crypto industry is no stranger to controversy, yet few projects have drawn more scrutiny than Sam Altman’s World, formerly known as Worldcoin. Promising to verify human uniqueness through iris scans and distribute its WLD token globally, World positions itself as a tool for financial inclusion. However, critics argue the project’s biometric methods are invasive, overly centralized, and at odds with the ethos of decentralization and digital privacy. At the heart of the critique is the claim that biometric identity systems cannot be truly decentralized when they rely on proprietary hardware, closed authentication methods, and centralized control over data pipelines. Read more

The digital identification project faces regulatory headwinds in the form of bans and legal scrutiny in several countries. World, OpenAI CEO Sam Altman’s digital identification project, raised $135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company said in an announcement. The capital will be used to expand World's network of iris-scanning orbs and infrastructure in the United States, where the company said in April it would operate in six cities, and increase coverage around the globe, according to the announcement. More than 12.5 million individuals in over 160 jurisdictions have been issued a World ID, the company said. Read more