Tag: Launch

Scammers pile on to impersonate Worldcoin on Twitter following token launch

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Several fake accounts on Twitter — currently rebranding to X — were pushing malicious links to users following the launch of the Worldcoin human identity verification token. July 24 marked Twitter’s rebrand to the letter “X” as well as the launch of the Worldcoin token. Though the change in brand has had mixed reactions online, the social media platform has not changed its policy of purchasing or applying to display differently colored check marks based on the type of account — a policy that went into effect in December 2022…

Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch

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Newly-launched project Worldcoin has failed to achieve significant progress as signups for the platform’s ‘Digital ID’ continues to dwindle since launching on July 24.  What Is Wrong With Worldcoin? Controversies surrounding the project and reservations like privacy concerns have brought about skepticism and reluctance to sign up on the platform. As part of the sign-up process, users must scan their iris using “The Orb,” available at designated locations worldwide. Once the user is verified as human, they receive the “World ID” alongside 25 WLD, the project’s native token, worth roughly…

Binance to launch Japanese crypto services in August

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance will re-enter the Japanese market for the first time since 2018 following its November 2022 acquisition of Sakura Exchange BitCoin. Crypto exchange titan Binance will launch fully compliant digital asset services for users in Japan by August after the company was forced to exit the country back in 2018 due to regulatory issues. According to a Bloomberg report, the company’s re-entry into the Japanese market follows a takeover of locally regulated digital trading venue Sakura…

Grimace deploys on DogeChain, plans to launch DEX and P2E game

Grimace Coin is a meme coin project on DogeChain. It launched following a light-hearted exchange on Twitter between Elon Musk and McDonald’s. This prompted a team of developers to release GRIMACE, the Grimace Coin’s native token. In the past, Musk has tweeted about Dogecoin (DOGE), driving prices higher. The DRC-20 standard   DRC-20 tokens are the native crypto assets of the DogeChain network. They are similar to ERC-20 tokens on Ethereum. However, they can hold many assets, including digital currencies, non-fungible tokens, and more. The launch of GRIMACE on DogeChain has…

Ducati Partners With Ripple, Prepares To Launch NFT Collection On XRP Ledger

Following a long-term interest in Web3, Ducati partnered with payment company Ripple and is set to launch its first non-fungible token (NFT) collection on the XRP Ledger this week. This step is the motorcycle company’s first venture into the Web3 space and blockchain technology. Ducati Delves Into Web3; Prepares To Launch First NFT Collection Ducati, a renowned motorcycle manufacturer established in 1926, is set to enter the world of Web3 by launching its first-ever digital collectibles on the XRP Ledger. The Bologna-based firm believes this step is essential to strengthen…

Worldcoin may face UK data regulators inquiry days after launch: Report

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The newly launched controversial crypto and ID project Worldcoin could face inquiries from data regulators in the United Kingdom as it raises concerns over privacy and critical biometric data safety, according to a Reuters report. The Information Commissioner’s Office (ICO) — the U.K.’s data regulatory body — acknowledged the launch of the crypto project in the country, and said it would examine the project and make further inquiries concerning data laws, reported Reuters. When Cointelegraph reached out to the ICO to ask about its reported probe into Worldcoin, the agency declined…

Japan PM reaffirms Web3 plans as Binance announces imminent launch

Japananese prime minister Fumio Kishida reaffirmed the country’s commitment to foster the Web3 industry, highlighting its potential to transform the internet and kindle social change.  Kishida made the comments in a keynote address on day one of the WebX conference in Tokyo, Japan as initially reported by local media outlet CoinPost. On the same day, Binance CEO Changpeng Zhao announced the cryptocurrency exchange would launch its services on a new Japanese platform in August 2023. Japanese Prime Minister Fumio Kishida addresses at #webx “Web3 is part of the New Form…

Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses

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The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, decentralized finance (DeFi) platform Alchemix Finance will implement xERC-20 tokens, the announcement stated. Connext Alchemix Today, Connext is announcing support of the xERC20 standard and onboarding projects into safely bringing their tokens to every chain. As our flagship user,…

Worldcoin launch raises eyebrows as WLD price notches a double-digit gain

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Worldcoin (WLD), the native token of the “privacy-preserving digital identity (World ID)” project founded by OpenAI co-founder Sam Altman, soared after listing on major crypto exchanges on July 24.  At the time of writing, WLD trades at $2.22, reflecting a 33% gain on the day. Despite criticism from nearly every corner of the crypto sector, WLD’s 1-day performance eclipses that of Bitcoin (BTC), Ether (ETH), XRP (XRP) and the remainder of the crypto market which has sold-off throughout the day. For many traders, one area of concern is WLD’s circulating…