Tag: Launch

Worldcoin launch divides opinions – crypto community has its say

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The launch of blockchain-based digital passport platform Worldcoin has had a polarizing effect on the cryptocurrency community, with questions around its centralization, privacy and security highlighted. Worldcoin released its protocol token on July 24, with major exchanges like Binance announcing support for the token. The project consists of a privacy-preserving digital identity (World ID) and its associated ecosystem token (WLD) which users receive upon creation of a wallet. The Worldcoin project is now live. pic.twitter.com/xZXG4w56Ps — Worldcoin (@worldcoin) July 24, 2023 In order for users to join the ecosystem, they…

Fake Worldcoin tokens spread just after launch

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Blockchain security firm PeckShield has detected multiple fake Worldcoin tokens amid the recent launch of OpenAI CEO’s cryptocurrency.  PeckShield identified two fake Worldcoin tokens circulating on the Ethereum network. The first demonstrated a staggering 100% price drop, indicating its dubious nature. It quickly became evident that it was a rug pull, posing severe risks to unsuspecting investors. The deployer address 0x477aF2 was involved with well-known crypto platforms SimpleSwap and MEXC. Further investigation revealed that the perpetrator…

Worldcoin token launch sparks response from Vitalik Buterin

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Vitalik Buterin, the co-founder of the Ethereum network, released a long-form essay with his thoughts on the recently launched Worldcoin human identity verification system.  On July 24th, Buterin tweeted his response to Worldcoin which launched on the same day. What do I think about biometric proof of personhood?https://t.co/yozo1buW24 — vitalik.eth (@VitalikButerin) July 24, 2023 In his article, along with an explanation of Worldcoin and how it intends to work, Buterin addressed the larger concept in discussion within the release of the Worldcoin token which is proof-of-humanity.” Worldcoin, along with other…

Sam Altman’s Worldcoin Set to Launch Mainnet, WLD Token

“In the age of AI, the need for proof of personhood is no longer a topic of serious debate; instead, the critical question is whether or not the proof of personhood solutions we have can be privacy-first, decentralized, and maximally inclusive,” Worldcoin co-founder Alex Blania said in a press release. Source

Cardano’s lead developer testing Mithril, set for mainnet launch

Input Output Global (IOG), the development team behind Cardano, has introduced a new update for Mithril, a solution that aims to enhance the efficiency and security of Cardano. According to IOG on July 20, Mithril is in the testnet phase. It will be gradually rolled out to the mainnet in the upcoming months. While the full benefits will be realized over time, Cardano’s lead developer said it is confident that Mithril could significantly enhance the overall performance and capabilities of the mainnet. Mithril is a stake-based signature scheme and protocol that aims…

Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. And so this week’s announcement has led to a fresh airing of warnings about potential privacy and control risks around a digital dollar. Source

UK financial watchdog announces launch of permanent Digital Sandbox in August

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The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of product development. In a July 20 announcement, the FCA said the Digital Sandbox will become available on a permanent basis starting on Aug. 1. The financial watchdog conducted two pilot programs of the initiative, which will be open to businesses, startups and data providers — including those involved in banking, investment, lending and payments. A sandbox allows projects to operate in a testing environment to…

Myanmar’s shadow government backs launch of crypto-based bank

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding. The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity Government (NUG) against the ruling State Administration Council (SAC) — a military junta that seized control of the country in February 2021. The bank’s target demographic isn’t just the 55 million Burmese living in Myanmar, but also the two-million-strong…

Nasdaq halts launch of cryptocurrency custody service

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Global securities marketplace Nasdaq is halting the launch of its own cryptocurrency custody that it previously planned to launch by the end of the second quarter 2023. Nasdaq has suspended the launch of its digital asset custody business because of regulatory risks, the company announced during the Q2 results call. The firm noted that it remains committed to digital asset business development. Nasdaq will be closely monitoring the market for potential regulatory events over the next six months. As previously reported, Nasdaq initially announced its crypto custody project in September…