OrbCity priceORB

The Korea Digital Asset Exchange Association announced that ORB (Orbs) and TEMCO will be included in the trading warning currencies. Deposit business of these two currencies will be suspended. The ORB project failed to truthfully disclose information that had a significant impact on the currency price. TEMCO was for arbitrarily changing important information without public disclosure.

Tools for Humanity, the company behind Worldcoin, is exploring potential partnerships with digital payment giant PayPal and Artificial Intelligence (AI) research company OpenAI, said Alex Blania, Chief Executive Officer at Tools for Humanity, in a recent interview with Bloomberg News. Details about these potential partnerships, however, remain tentative and non-specific. Blania did not provide concrete examples of what the collaboration with OpenAI might entail. “There’s some natural things in how we might and will work together,” he said. “But it’s nothing that we’re ready to announce yet.” Regarding PayPal, a potential collaboration might still be in the preliminary stages. According to Blania, Tools for Humanity has had conversations with PayPal Holdings, but, as with OpenAI, these discussions have not yet led to any concrete developments. A PayPal spokesperson told Bloomberg that the company does not comment on rumors or speculation. Apart from their specific offerings, Sam Altman’s involvement is crucial for both OpenAI and Worldcoin. At OpenAI, Altman serves as CEO. Under his leadership, the organization has significantly expanded its scope, secured substantial funding, and positioned itself as a leader in AI innovation. While not directly involved in day-to-day operations, Altman remains a co-founder and influential figure at Tools for Humanity. Blania claimed that Altman’s high profile has attracted significant attention to the project and drawn increasing regulatory scrutiny. Worldcoin, in particular, has encountered investigations and regulatory actions in multiple countries. There were raids in Hong Kong, investigations in Germany and Argentina, and a ban in Kenya. Additionally, regulators in Spain and Portugal have raised concerns about minors participating in eye scans. Blania said the company is taking a proactive approach by engaging with regulators and making adjustments based on their feedback. Strategy shift Despite facing setbacks, the company is expanding its product offerings and has introduced more user control over data, such as allowing users to request the deletion of their World IDs. Earlier this month, Worldcoin revealed plans to launch a layer 2 blockchain called World Chain and is upgrading the orb scanning device (Orb). Blania shared that the project is also moving away from the term “universal basic income” to “distribution of scarce resources” to better reflect its goals and avoid political connotations. Worldcoin sparked controversy this week with plans to sell its native token, WLD, to investors outside the US. This move aims to increase the circulating supply of WLD by 19% over the next six months. As of April 2024, Worldcoin has attracted over 5.1 million registrations across 120 countries. Also, over 2,000 Orbs have been produced to potentially verify these identities.

Malaysia Adopts Worldcoin’s ( $WLD ) Iris Technology for Digital Verification MIMOS Berhad, the applied research and development arm of the Malaysian Government, has signed a Memorandum of Understanding (MoU) with the Worldcoin Foundation, Tools for Humanity (TFH), and MyEG, a leading e-government services provider. This collaboration aims to integrate Worldcoin technology into Malaysia’s digital infrastructure, focusing on enhancing digital credentials verification. Iris Imaging Technology for Humanness Verification The MoU outlines the use of TFH’s advanced iris imaging technology, developed for the Worldcoin project, to enable individual humanness verifications in Malaysia. The implementation of this technology is expected to validate the significance of digital proof of humanness, particularly in the age of artificial intelligence. Additionally, the collaboration may explore joint orb manufacturing and the integration of Worldcoin technology into Malaysia’s National Blockchain Infrastructure. Worldcoin Foundation will ensure that its technology remains open-source and freely available. TFH will provide technical expertise and support for both the Orb and World App, while MyEG will focus on technical integrations and hardware deployment in support of MIMOS’s initiatives. Worldcoin has continued to expand its operations despite facing global scrutiny and skepticism, including being investigated by the Bavarian State Office for Data Protection Supervision and other agencies of government. Worldcoin’s activities in Hong Kong had been halted when they breached personal data (privacy) ordinance applicable. Worldcoin’s operations in Hong Kong were suspended after they violated the Personal Data (Privacy) Ordinance applicable to the region. All things considered, Worldcoin has taken steps to ensure compliance with local privacy laws such as open-sourcing its biometric data system. Advancing Privacy and Security The foundation is releasing secure multiparty computation (SMPC) systems, which separate iris codes into secret components that enhance privacy. In this way, uniqueness can be established without revealing personal information. For Worldcoin, Malaysia’s embrace of this technology is a watershed moment, considering the company needs to handle challenges regarding privacy and regulatory scrutiny. This move demonstrates Worldcoin’s commitment to expanding its global presence despite controversies surrounding its iris-scanning technology. With this development, Malaysians are provided with front-line methods for ascertaining their humanity to shape future digital identity management.

Malaysia Adopts Worldcoin’s ( $WLD ) Iris Technology for Digital Verification MIMOS Berhad, the applied research and development arm of the Malaysian Government, has signed a Memorandum of Understanding (MoU) with the Worldcoin Foundation, Tools for Humanity (TFH), and MyEG, a leading e-government services provider. This collaboration aims to integrate Worldcoin technology into Malaysia’s digital infrastructure, focusing on enhancing digital credentials verification. Iris Imaging Technology for Humanness Verification The MoU outlines the use of TFH’s advanced iris imaging technology, developed for the Worldcoin project, to enable individual humanness verifications in Malaysia. The implementation of this technology is expected to validate the significance of digital proof of humanness, particularly in the age of artificial intelligence. Additionally, the collaboration may explore joint orb manufacturing and the integration of Worldcoin technology into Malaysia’s National Blockchain Infrastructure. Worldcoin Foundation will ensure that its technology remains open-source and freely available. TFH will provide technical expertise and support for both the Orb and World App, while MyEG will focus on technical integrations and hardware deployment in support of MIMOS’s initiatives. Worldcoin has continued to expand its operations despite facing global scrutiny and skepticism, including being investigated by the Bavarian State Office for Data Protection Supervision and other agencies of government. Worldcoin’s activities in Hong Kong had been halted when they breached personal data (privacy) ordinance applicable. Worldcoin’s operations in Hong Kong were suspended after they violated the Personal Data (Privacy) Ordinance applicable to the region. All things considered, Worldcoin has taken steps to ensure compliance with local privacy laws such as open-sourcing its biometric data system. Advancing Privacy and Security The foundation is releasing secure multiparty computation (SMPC) systems, which separate iris codes into secret components that enhance privacy. In this way, uniqueness can be established without revealing personal information. For Worldcoin, Malaysia’s embrace of this technology is a watershed moment, considering the company needs to handle challenges regarding privacy and regulatory scrutiny. This move demonstrates Worldcoin’s commitment to expanding its global presence despite controversies surrounding its iris-scanning technology. With this development, Malaysians are provided with front-line methods for ascertaining their humanity to shape future digital identity management.

$WLD Partners with Malaysian Government to Integrate Digital Proof of Humanness Worldcoin, founded by Sam Altman, has made headlines again by partnering with MIMOS Berhad, the Malaysian government's applied research and development arm. The partnership aims to facilitate digital proof of humanness across Malaysia, leveraging Worldcoin's state-of-the-art technology to enhance the country's digital infrastructure. According to an official announcement, MIMOS has signed a Memorandum of Understanding (MoU) with Tools for Humanity (TFH), Worldcoin's foundation, and MyEG, a leading e-government services provider. The MoU focuses on integrating Worldcoin's technology to improve digital credentials and validate the importance of digital proof of humanness in the age of AI. Under the partnership, $WLD will offer individuals access to humanness verifications using advanced iris imaging technology, known as the World Orb. The collaboration will also explore Orb manufacturing and bridging World Chain to Malaysia's national blockchain infrastructure. Market Performance Despite this development, Worldcoin's price dipped 7.67% to trade at $1.46, with daily lows and highs recorded at $1.45 and $1.59, respectively. However, the 24-hour trading volume saw a 34.76% increase to $101.94 million, and the futures Open Interest (OI) rose 0.38% to $127.94 million. The derivatives volume also spiked 46.63% to $453.70 million, indicating significant investor enthusiasm. Additionally, $WLD recently announced the integration of Safe, a non-custodial smart contract wallet, into World Chain, its native blockchain, enhancing user security. Overall, Worldcoin's partnership with the Malaysian government marks a significant milestone, paving the way for further opportunities and solidifying its position in the AI-meets-crypto space. $WLD