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Bittime – The price of Worldcoin's WLD token has surged 141% in the past seven days as the company reached its daily active users milestone.
Original Token From Worldcoin
Crypto project co-founded by OpenAI CEO Sam Altman – has surged more than 140% in the past week as daily users topped one million users.
In a February 18 post on
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Launched in July 2023 by Altman and Alex Blania, Worldcoin is a digital identity verification project called a “privacy preserver” that pays users in its native cryptocurrency in exchange for their iris scans.
The purpose of Worldcoin
Is to try to introduce Universal Basic Income (UBI) globally, by giving a small amount of native WLD tokens to every individual on the planet in exchange for verifying their identity.
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However, Worldcoin's aim to introduce a universal basic income along with its biometric identity system has generated controversy, particularly regarding privacy concerns over their metallic eye-scanning devices called "Orbs".
Research in Hong Kong and Other Parts of the World
On January 31, Hong Kong's Office of the Privacy Commissioner for Personal Data (PCPD) initiated an investigation into Worldcoin's local operations, citing "serious risks to personal data privacy." The PCPD said it had conducted sieges and entered six locations controlled by Worldcoin in Hong Kong as part of its investigation.
Outside of Hong Kong, the project has attracted the attention of regulators in many jurisdictions over privacy concerns, resulting in their services being completely discontinued in Kenya and iris scanning being temporarily suspended in India.
Despite regulatory concerns, WLD's native token has recorded a gain of more than 141% in the past week, driven by a broader rally in the crypto sector.
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Increase Due to OpenAI
Worldcoin's rise comes along with several major updates from OpenAI.
On February 16, OpenAI introduced their new text-to-video generator, Sora, which allows users to generate video clips and scenes from specific text.
A week earlier, on February 9, Altman announced that he would seek $7 trillion in funding to help companies fund and expand their semiconductor chip development. Although the huge dollar figure attracted attention throughout the tech world, Altman didn't seem too bothered.
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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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