Tag: Worldcoin

Sam Altman’s eye-scanning Worldcoin banned in Spain
7Mar By adminNo Comments
Technology

Sam Altman’s eye-scanning Worldcoin banned in Spain

[ad_1] Spain has banned Worldcoin for up to three months, drawing a sharp rebuke from Sam Altman's company, amid perceived privacy risks from the venture which scans irises in exchange for a digital ID and free cryptocurrency.Spanish data protection regulator AEPD said on Wednesday it demanded Worldcoin immediately cease the collection of personal information and stop using data it has already gathered. Worldcoin said in response to the ban that the AEPD was "circumventing EU law" and "spreading inaccurate and misleading claims about our technology". The AEPD said its action came after several complaints regarding insufficient information, the collection of data from minors or not allowing for the withdrawal of consent.More than 4 million people in 120 countries have signed up to have t...
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Worldcoin says will allow companies, governments to use its ID system
3Aug By adminNo Comments
Technology

Worldcoin says will allow companies, governments to use its ID system

[ad_1] Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.Co-founded by OpenAI CEO Sam Altman, Worldcoin launched last week, requiring users to give their iris scans in exchange for a digital ID and, in some countries, free cryptocurrency as part of plans to create a "identity and financial network". In sign-up sites around the world, people have been getting their faces scanned by a shiny spherical "orb", shrugging off privacy campaigners' concerns that the biometric data could be misused. Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Data watchdogs in Britai...
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Kenya suspends eyeball-scanning crypto project worldcoin
3Aug By adminNo Comments
Technology

Kenya suspends eyeball-scanning crypto project worldcoin

[ad_1] Kenya's interior ministry has suspended the activities of Worldcoin in the East African nation, as local authorities probe the possible security and data protection risks associated with the eyeball-scanning cryptocurrency project.“The government has suspended forthwith activities of Worldcoin and any other entity that may be similarly engaging the people of Kenya until relevant public agencies certify the absence of any risks to the general public,” Interior Secretary Kithure Kindiki said in a statement on Wednesday. Worldcoin — which launched last week — is an effort to create a global network of digital identities by using a small device called an “orb” to scan people's eyeballs. That identity, or World ID, grants its holder “proof of personhood” in the Worldcoin parlance. Use...
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BlackRock, Worldcoin, Ripple: Bitcoin Bull Mike Novogratz Dishes on Crypto
30Jul By adminNo Comments
Technology

BlackRock, Worldcoin, Ripple: Bitcoin Bull Mike Novogratz Dishes on Crypto

[ad_1] As Bitcoin roars back after a year of crypto industry scandals and losses, Mike Novogratz says one man in particular gives him reason to stay bullish.“The most important thing that happened this year in Bitcoin is Larry Fink,” Novogratz said, referring to the investment titan who is chief executive officer at BlackRock Inc., the world's biggest asset manager. BlackRock thrilled the crypto community in June when it applied to launch an exchange-traded fund to track the spot price of Bitcoin — a move that, if approved, could potentially spark a new wave of investment in the cryptocurrency. But it was Fink's seeming conversion from crypto skeptic to Bitcoin believer — he now considers it an “international asset” — that really has Novogratz excited. “He got ‘orange-pilled,' as we say...
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Watchdog questions legality of ChatGPT-founder Sam Altman’s Worldcoin biometric data collection
29Jul By adminNo Comments
Technology

Watchdog questions legality of ChatGPT-founder Sam Altman’s Worldcoin biometric data collection

[ad_1] France's privacy watchdog CNIL said on Friday it is aware of ChatGPT-founder Sam Altman's Worldcoin project and that the legality of its biometric data collection "seems questionable". Worldcoin, which launched on Monday, requires users to provide their iris scans in exchange for a digital ID and in certain countries free cryptocurrency. Its website says it has signed up 2.1 million people, mostly in a trial over the last two years. Worldcoin has set up sign-up sites in various locations around the world, where people can get their faces scanned by a shiny spherical "orb".Britain's data regulator said this week it will make enquiries about Worldcoin following its launch.CNIL, the French watchdog, said in response to a Reuters question on Worldcoin "The legality of this collectio...
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Crypto feeds on AI hype as Tech offers new uses for blockchain
25Jun By adminNo Comments
Technology

Crypto feeds on AI hype as Tech offers new uses for blockchain

[ad_1] New lawsuits filed by the US Securities and Exchange Commission against Coinbase Global Inc. and Binance Holdings Ltd. have raised serious questions about the future of crypto.As digital assets face mounting regulatory pressure and other market headwinds, they have also been dethroned as the latest technology fad. When OpenAI launched its ChatGPT bot in November, it paved the way for practical uses of artificial intelligence. Since then AI has captured the attention of founders and investors — the same folks that fueled the crypto boom. AI may have stolen the limelight, but some crypto enthusiasts say it can provide new opportunities to the blockchain industry. “You may actually see a situation where AI is sort of a catalyst to rush back to blockchain,” said Adam Struck, founder ...
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