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news-imageOctober 1, 2024

Worldcoin Fined for Illegal Data Collection in South Korea

The Personal Information Protection Commission (PIPC) slapped a fine of 1.1 billion Korean won ($850,000) on both organizations. This is for illegally gathering iris scans from nearly 30,000 people in the country.
Publisher: Altcoin Buzz
Sentiment: Negative
WLD

More News Articles

Negative
cover-imageThe Currency Analytics
December 20, 2024

Worldcoin (WLD) Struggles Amid Sell-Off, Eyes $4 Recovery

Worldcoin (WLD) has recently been under significant sell-off pressure, as both Smart DEX traders and large whales took profits, leading to a noticeable decline in the coin's price. After reaching a high of around $3.85, these market players sold off large amounts of WLD, triggering a drop in the coin's value.

Negative
cover-imageCryptopolitan
December 20, 2024

German watchdog goes after Sam Altman's Worldcoin over biometric data practices

Worldcoin, a digital identity project co-founded by OpenAI CEO Sam Altman, is under regulatory scrutiny in Germany for its handling of biometric data. The Bavarian State Office for Data Protection Supervision (BayLDA) has concluded its investigation into the project, demanding compliance with the European Union's General Data Protection Regulation (GDPR).

Negative
cover-imageAltcoin Buzz
December 20, 2024

German Regulators Crack Down on Worldcoin Data Practices

Worldcoin, the biometric digital identity project co-founded by OpenAI CEO Sam Altman, is under scrutiny in Germany for handling sensitive data. The Bavarian State Office for Data Protection Supervision (BayLDA) has ordered Worldcoin to align its practices with the European Union's General Data Protection Regulation (GDPR).

Negative
cover-imageCrypto Economy
December 14, 2024

Worldcoin: Privacy and Security Risks of Biometric IDs

TL;DR Worldcoin challenges the ethical boundaries of technology by compromising biometric data in the name of innovation. The closed WLD network contradicts blockchain decentralization, exposing sensitive data to critical vulnerabilities. The combination of ZK-proofs and fully homomorphic encryption offers a pathway to more secure and ethical digital identities.

Positive
cover-imageThe Currency Analytics
December 8, 2024

Worldcoin Jumps 31% as $4.5 Resistance Approaches

Worldcoin (WLD) has captured the attention of crypto enthusiasts and traders, surging by 31% over just six days. The cryptocurrency has managed to flip its previous resistance at $2.5 into support, and now the market is eyeing a possible surge to $4.5.

Positive
cover-imageCoinPedia
December 6, 2024

WLD Price Teases Rounding Bottom Breakout: Next Target $6.62?

Amidst the broader market recovery, the Worldcoin recovery run gains momentum. Teasing a breakout run of a rounding bottom, the WLD price action teases a skyrocketing move ahead. As the bearish influence recedes, Is the WLD price aiming for the $5 breakout? Let's find out in this detailed analysis.

Negative
cover-imageCrypto Economy
November 29, 2024

Worldcoin's World ID Credentials Now Being Piloted in Select Countries: Is Personal Data at Risk?

TL;DR Worldcoin's World ID Passport Credential pilot in select countries aims to enhance user experience by linking valid identity documents to World ID without third-party sharing. Privacy concerns arise from the collection and storage of biometric data, with regulatory scrutiny and bans in countries like Spain, Hong Kong, Kenya, and South Korea.

Negative
cover-imageInvezz
November 27, 2024

Worldcoin (WLD) sinks 9% as Panama expansion announcement fails to ignite

Despite various upgrades that included rebranding to World Network and advanced verifications, Worldcoin has seemingly lost its initial appeal. The artificial intelligence crypto project experiences prolonged bearishness despite the team's effort to attain the global expansion objectives. World developers announced World ID verification in Panama starting today, November 27.

Positive
cover-imageThe Currency Analytics
November 26, 2024

WorldCoin Targets $4.53 After Strong Rally

WorldCoin (WLD) has been gaining momentum in the cryptocurrency market, showing promising signs of a breakout rally. The altcoin, part of the Ethereum ecosystem, has recently surged past the $2.50 mark, and analysts are predicting that this upward movement could take it to as high as $4.53 in the coming weeks.

Negative
cover-imageThe Currency Analytics
November 23, 2024

Worldcoin's Biometric Gamble: A Privacy Time Bomb Waiting to Explode

The promises of Worldcoin—now simply “World” as of late October 2024—have faced significant backlash globally, with lawsuits and fines mounted against it for its failure to protect user privacy. Worldcoin, which was founded by Sam Altman of OpenAI fame, initially gained attention with its ambitious offer: users could verify their humanness via iris and face scans, receiving digital IDs and free tokens in return.

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