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☆ Ava Labs' John Wu breaks down the 'many benefits' of tokenization
▼ + stars: | 2023-08-02 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAva Labs' John Wu breaks down the 'many benefits' of tokenizationJohn Wu, president of Ava Labs, weighs in on the Curve Finance hack, privacy concerns related to Worldcoin and regulatory advancements in the United States. He also discusses the launch of a new program focused on tokenization called Avalanche Vista.

Persons: Labs, John Wu, Ava Organizations: Ava Labs, Curve Finance Locations: United States

Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Worldcoin raised $115 million from venture capital investors including Blockchain Capital, a16z crypto, Bain Capital Crypto and Distributed Global in a funding round in May. Macieira said Worldcoin would continue rolling out operations in Europe, Latin America, Africa and "all the parts of the world that will accept us." "The idea is that as we build this infrastructure and that we allow other third parties to use the technology." Michael Will, president of the Bavarian regulator, said it would look into whether Worldcoin's system is "safe and stable".

Persons: Medha Singh, Sam Altman, Worldcoin, Ricardo Macieira, Macieira, Michael Will, Will, Rainer Rehak, Web3, Nette Noestlinger, Matthias Baehr, Elizabeth Howcroft, Tomasz Janowski Organizations: WorldCoin, REUTERS, Reuters, Co, Humanity, Blockchain, Bain Capital Crypto, Companies, Bavarian State Office, Data Protection, Union, Weizenbaum Institute, Worldcoin Foundation, Thomson Locations: Bengaluru, India, Britain, France, Germany, Europe, San Francisco, Berlin, Latin America, Africa, Japan, Bavarian, blockchain, Cayman Islands

☆ Kenya suspends crypto project Worldcoin over safety concerns
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File PhotoNAIROBI, Aug 2 (Reuters) - Kenya's interior ministry said on Wednesday that it had suspended the local activities of cryptocurrency project Worldcoin while government agencies assess potential risks to public safety. "Relevant security, financial services and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities," interior minister Kithure Kindiki said in a statement. Kindiki said the government was concerned with Worldcoin's activities, and agencies would probe how it intends to use the data it gathers. The project has also come under scrutiny in Britain, Germany and France.

Persons: Elizabeth Howcroft, Sam Altman, Kithure Kindiki, Worldcoin, Kindiki, Humphrey Malalo, Bhargav Acharya, Alexander Winning, Louise Heavens Organizations: REUTERS, Kenyan, Thomson Locations: Shoreditch, East London, Britain, NAIROBI, Kenya, Germany, Spain, France

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGameStop to shut down crypto wallet, citing 'regulatory uncertainty': CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. John Wu, president of Ava Labs, weighs in on the Curve Finance hack, privacy concerns related to Worldcoin and regulatory advancements in the United States. He also discusses the launch of a new program focused on tokenization called Avalanche Vista.

Persons: explainers, John Wu, Ava Organizations: GameStop, CNBC Crypto, CNBC, Ava Labs, Curve Finance Locations: United States

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFederal judge rules some crypto assets are securities in Do Kwon, Terraform case: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Oliver Linch, CEO and general counsel of Bittrex Global, weighs in on Worldcoin's launch sparking privacy concerns in Europe.

Persons: Kwon, explainers, Oliver Linch Organizations: CNBC Crypto, CNBC, Bittrex Locations: Europe

☆ 'It's a little frightening': Worldcoin surged 111% on its opening day. 2 experts explain why they would never scan their eyes in exchange for the crypto, and why they think the hype will fade.
▼ + stars: | 2023-08-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

On opening day, the WLD token surged from $1.70 to $3.58, up by about 110.6%, according to CoinMarketCap data compiled by Bloomberg. Isaac Patka, a former electrical engineer in the semiconductor industry turned crypto developer in 2017, believes the hype will soon fade. People could be exploited by signing up to get their irises scanned and then sell their accounts for a little bit of money in exchange for giving up their identity, Patka added. Now, what I mean by that is, if you're using a blockchain, it gets written to the blockchain," Arone said. You also run the risk of changes to the system, Arone added.

Persons: Isaac Patka, Geoffrey Arone, Sam Altman, aren't, it's, Patka, Worldcoin, Shield3, Arone, there's Organizations: Bloomberg, Arrington Capital, Experian, Clear

☆ Bitcoin could hit a new high now that BlackRock's Larry Fink got 'orange-pilled' and became a true believer, billionaire Mike Novogratz says
▼ + stars: | 2023-07-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bitcoin could hit a new record high now that Blackrock's Larry Fink is a believer, Mike Novogratz said. "The most important thing that happened this year in bitcoin is Larry Fink," he said on Bloomberg TV. "I think the most important thing that happened this year in bitcoin is Larry Fink," the Galaxy CEO said in an interview on Bloomberg TV with David Rubenstein. This pivoting sentiment could help bitcoin surpass its $69,000 record set in 2021, Novogratz said, further supported by a future cut in interest rates. The token stands out for its use of an eyeball scanner, used to establish unique digital identities per user.

Persons: Bitcoin, Larry Fink, Mike Novogratz, Larry Fink's, David Rubenstein, —, Larry, Fink, bullishly, Novogratz, Fundstrat, OpenAI, Sam Altman, Altman Organizations: Bloomberg, Service, Galaxy, Securities and Exchange Commission Locations: bitcoin, Wall, Silicon, BlackRock

☆ France and Germany question Worldcoin's data collection practices
▼ + stars: | 2023-07-31 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance and Germany question Worldcoin's data collection practicesCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jack O'Holleran, a co-founder and the CEO of Skale Labs, discusses the growing scrutiny around Worldcoin and the competition for attention between A.I. and crypto.

Persons: explainers, Jack O'Holleran Organizations: France, CNBC, Skale Labs Locations: Germany

☆ SEC sues entrepreneur for allegedly defrauding crypto investors out of millions: CNBC Crypto World
▼ + stars: | 2023-07-31 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC sues entrepreneur for allegedly defrauding crypto investors out of millions: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jack O'Holleran, a co-founder and the CEO of Skale Labs, discusses the growing scrutiny around Worldcoin and the competition for attention between A.I. and crypto.

Persons: explainers, Jack O'Holleran Organizations: SEC, CNBC Crypto, CNBC, Skale Labs

LONDON, July 31 (Reuters) - A German data watchdog has been investigating OpenAI CEO Sam Altman's Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data, the regulator's president told Reuters. Will said the Bavarian state regulator is the lead authority investigating Worldcoin under the European Union's data protection rules because Tools For Humanity, the company behind Worldcoin, has a German subsidiary there. This leads to a number of risks, including whether users have given explicit consent to their highly-sensitive biometric data being processed on the basis of "sufficient and clear" information, Will said. Privacy campaigners have long raised concerns about the wide-scale collection and storage of biometric data, which could increase surveillance or target certain demographic groups. France's privacy watchdog told Reuters on Friday that the legality of Worldcoin's data collection "seems questionable".

Persons: Sam Altman's Worldcoin, Worldcoin, Michael Will, Will, Elizabeth Howcroft, Louise Heavens Organizations: Reuters, Bavarian State Office, Data Protection, Humanity, Worldcoin, Thomson Locations: Bavarian, German, Cayman Islands, France, Germany, Spain

Apple | Spotify | Stitcher | Amazon | Google Listen and follow ‘Hard Fork’On Sunday night, a crane arrived in downtown San Francisco to take down the Twitter sign from the company’s office building. The crane’s arrival marked the death of Twitter, the brand, and the start of X, Elon Musk’s everything app. Today, why Elon’s acquisition feels more and more like cultural vandalism and what, if anything, will replace the global town square. Then, is Sam Altman’s universal basic income cryptocurrency app Worldcoin an iris scanning tool to save humanity, or just another attempt to get rich on crypto? Plus: a trip to Google’s robotics lab, where artificial intelligence models are creating breakthroughs.

Persons: Elon, Sam Altman’s Organizations: Apple, Spotify, Twitter Locations: San Francisco

LONDON, July 28 (Reuters) - 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". CNIL, the French watchdog, said in response to a Reuters question on Worldcoin "The legality of this collection seems questionable, as do the conditions for storing biometric data." The Worldcoin Foundation is a Cayman Islands-based entity which describes itself as a "steward of the Worldcoin protocol". "The Worldcoin Foundation complies with all laws and regulations governing the processing of personal data in the markets where Worldcoin is available," it said. The project is supervised in the European Union by the Bavarian State Office for Data Protection Supervision, the Worldcoin Foundation said.

Persons: CNIL, Sam Altman's, Worldcoin, Elizabeth Howcroft, Amanda Cooper, Jane Merriman, Louise Heavens Organizations: Reuters, Bavarian, Worldcoin, European Union, Office, Data Protection, Thomson Locations: Bavarian, Germany, Cayman Islands, European

☆ A.I. and blockchain 'perfectly suited' for each other: COSIMO Ventures' Rob Frasca
▼ + stars: | 2023-07-27 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. and blockchain 'perfectly suited' for each other: COSIMO Ventures' Rob FrascaRob Frasca, co-founder and managing partner at COSIMO Ventures, discusses investor appetite for artificial intelligence-based projects that focus on crypto and blockchain technology following the launch of Worldcoin, the OpenAI CEO's crypto project. Frasca also discusses the impact of financial institutions filing for spot bitcoin ETFs on the industry and markets.

Persons: COSIMO Ventures, Rob Frasca Rob Frasca, Frasca Organizations: COSIMO Ventures

☆ We tried out Sam Altman's eyeball-scanning Worldcoin orbs. It all felt too low-key to be truly dystopian.
▼ + stars: | 2023-07-27 | by ( Beatrice Nolan | George Glover | ) www.businessinsider.com time to read: +4 min

Sam Altman's Worldcoin verifies that people are humans using eyeball-scanning orbs. We headed to a shared working space in London to check out the dystopian-sounding tech. If you want to be part of Sam Altman's new crypto project, you'll have to let a shiny silver sphere scan your eyeballs. InsiderWorldcoin was scanning people's eyes out of a shared working space, which gave the dystopian-sounding enterprise a surprisingly low-key feel. We headed to a shared working space in London to check out the dystopian-sounding tech.

Persons: Sam Altman's Worldcoin, Sam Altman's, Altman, Christian Meloni, He's Organizations: Universal Locations: London

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether hold steady after the Fed raises interest rates: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rob Frasca, co-founder and managing partner at COSIMO Ventures, discusses investor appetite for artificial intelligence-based projects that focus on crypto and blockchain technology following the launch of Worldcoin, the OpenAI CEO's crypto project. Frasca also discusses the impact of financial institutions filing for spot bitcoin ETFs on the industry and markets.

Persons: explainers, Rob Frasca, Frasca Organizations: CNBC Crypto, CNBC, COSIMO Ventures

"We note the launch of WorldCoin in the UK and will be making further enquiries," a spokesperson for the Information Commissioner's Office told Reuters. Worldcoin launched on Monday with two million users from its trial, with the crypto project scaling up eyeball-scanning operations in 20 countries, including at sites in London. Described on its website as a "new identity and financial network", the Worldcoin project assigns people who sign up a digital ID which it says would distinguish humans from artificial intelligence online. Its cryptocurrency, called the Worldcoin token, will be allocated to users who sign up in some countries, according to the website. The Worldcoin token initially rose after its launch on Monday, hitting a peak of $3.30, and on Tuesday was at $2.01 according to market tracker CoinGecko.

Persons: Sam Altman, Worldcoin, Elizabeth Howcroft, Tom wilson, Louise Heavens Organizations: Commissioner's, Reuters, Thomson Locations: London

In response to CNBC's request for comment, Worldcoin said:"The Worldcoin Foundation complies with all laws and regulations governing the processing of personal data in the markets where Worldcoin is available, including the General Data Protection Regulation ("GDPR") and the UK Data Protection Act. From its inception, Worldcoin was designed to protect individual privacy. The project has implemented privacy-centric design and has built a robust privacy program, conducting a rigorous Data Protection Impact Assessment and responding timely to individual requests to delete their personal data."

Persons: Worldcoin Organizations: General Data Protection, Protection

The project launched on Monday, with eyeball scans taking place in countries including Britain, Japan and India. Applicants lined up to have their irises scanned by the device, before waiting for the 25 free Worldcoin tokens the company says verified users can claim. Worldcoin's data-collection is a "potential privacy nightmare," said the Electronic Privacy Information Center, a U.S. privacy campaigner. Worldcoin tokens were trading around $2.30 on the world's largest exchange, Binance, on Tuesday. For many users, the promise of financial gains from the crypto coins was enough to make them hand over personal data.

Persons: Sam Altman, Saeki Sasaki, Worldcoin, Ali, Madeleine Stone, Sujith, Elizabeth Howcroft, Medha, Mark Potter Organizations: Reuters, Privacy, Big Brother Watch, Thomson Locations: TOKYO, BENGALURU, Britain, Japan, India, Tokyo, U.S, London, Bengaluru, Medha Singh, Anton

☆ Behold, the Orb: I can't stop thinking about Sam Altman's dystopian eyeball-scanning device
▼ + stars: | 2023-07-25 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

The orbs, shiny sculptural spheres that scan the eyeballs of new members, seem to have become the company's dystopian symbol. But Worldcoin's Orbs look more like inscrutable machines than something mythological. Worldcoin has said it has emphasized privacy in designing a system based on extracting eyeball scans. And the eyeball scans get erased, according to Worldcoin. Worldcoin has said that "World IDs" don't contain any eyeball scans or iris data.

Persons: Sam Altman's, Worldcoin, Sam Altman trumpeted, Alex Blania, Donald Trump, Tim Sweeney, It's Organizations: Twitter, Epic, pitchfork, MIT Technology Locations: Lisbon, Singapore, Sands, Miami, Tokyo

☆ Bitcoin drops to $29,000, and OpenAI's Sam Altman launches Worldcoin: CNBC Crypto World
▼ + stars: | 2023-07-24 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin drops to $29,000, and OpenAI's Sam Altman launches Worldcoin: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, William Peck, head of digital assets at WisdomTree, explains the firm's vision for tokenization.

Persons: OpenAI's Sam Altman, explainers, William Peck Organizations: Worldcoin, CNBC Crypto, CNBC

☆ Sam Altman's vision for the future of currency is here — and it involves scanning your eyeballs through an 'orb'
▼ + stars: | 2023-07-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

OpenAI boss Sam Altman has a new toy for the world: an eyeball-scanning "orb." On Monday, Altman launched his new project, Worldcoin, to counter the challenges posed by AI. ChatGPT creator Sam Altman is ready to bring his new creation to the world: a future version of currency that involves scanning your eyeballs through an "orb." The Worldcoin orb has been a particular point of focus online. "Visit the Orb or the Orb will visit you…" he posted.

Persons: Sam Altman, Altman, Worldcoin, Alex Blania, Jack Dorsey, Block Organizations: Twitter

☆ Worldcoin: OpenAI's Sam Altman launches crypto project
▼ + stars: | 2023-07-24 | by ( ) edition.cnn.com time to read: +2 min

Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday. Blockchains can store the World IDs in a way that preserves privacy and can’t be controlled or shut down by any single entity, co-founder Alex Blania told Reuters. The project says World IDs will be necessary in the age of generative AI chatbots like ChatGPT, which produce remarkably humanlike language. Altman told Reuters Worldcoin also can help address how the economy will be reshaped by generative AI. Since only real people can have World IDs, it could be used to reduce fraud when deploying UBI.

Persons: Sam Altman, Alex Blania, Altman, Reuters Worldcoin, ”, ” Altman, UBI Organizations: Humanity, Reuters Locations: San Francisco, Berlin

July 24 (Reuters) - Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday. Blockchains can store the World IDs in a way that preserves privacy and can't be controlled or shut down by any single entity, co-founder Alex Blania told Reuters. The project says World IDs will be necessary in the age of generative AI chatbots like ChatGPT, which produce remarkably humanlike language. Altman told Reuters Worldcoin also can help address how the economy will be reshaped by generative AI. Since only real people can have World IDs, it could be used to reduce fraud when deploying UBI.

Persons: Sam Altman, Alex Blania, Altman, Reuters Worldcoin, ”, UBI, Anna Tong, Juby Babu, Elizabeth Howcroft, Kenneth Li, Navaratnam, Philippa Fletcher Organizations: Humanity, Reuters, Thomson Locations: San Francisco, Berlin

☆ What investors need to know about the crossover between A.I. and crypto
▼ + stars: | 2023-07-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

It's an opportunity worth watching for investors, and crypto speculators have recently been doing just that. Grayscale Investments recently highlighted three potential risks posed by AI that crypto could potentially limit – identity verification, centralization and data ownership and privacy. Accredited U.S. investors can gain direct exposure to AI-related crypto protocols by investing in private venture fundraising rounds, he added. "So far in 2023, venture capitalists have invested $422 million in crypto applications related to AI, privacy, and identity," according to Grayscale. "In total, the crypto-AI intersection represents more than 10% of total crypto venture capital (VC) funding to date, including two out of the four largest funding rounds."

Persons: —, memecoin influencer Elon Musk, Jack O'Holleran, O'Holleran, William Ogden Moore, Andreessen Horowitz, Sam Altman, Smart, We've Organizations: Nvidia, CNBC Locations: U.S, Gensyn

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

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