Tag: Launch

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…

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…