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Sam Altman's rebranded Worldcoin ramps up iris-scanning crypto project
Economic Times
·
9m ago
Medial
Cryptocurrency project Worldcoin, now rebranded as World Network, is moving forward with its plan to scan every human's iris using its orb devices. The company aims to offer a digital passport called World ID to prove human identity online. The new version of the orb device features enhanced privacy and security features, along with 5G connectivity. World Network is partnering with Latin American delivery service Rappi and opening retail locations to make access to the orbs easier. Privacy concerns and scrutiny over data collection have been raised by campaigners and several countries.
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Related News
Spain blocks Sam Altman's eyeball-scanning venture Worldcoin: report
Economic Times
·
1y ago
Medial
Spanish data protection regulator AEPD has ordered cryptocurrency project, Worldcoin, to immediately stop collecting personal data in Spain and cease using any data it has already gathered. AEPD has given Worldcoin 72 hours to demonstrate compliance with the order. Worldcoin, which aims to distribute cryptocurrency tokens to unique individuals using iris scanning technology, has faced concerns over privacy risks. The project has received support from major venture capital firms such as a16z crypto and Bain Capital Crypto.
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Worldcoin plans to resume iris scans in Kenya | TechCrunch
TechCrunch
·
2y ago
Medial
Crypto startup Worldcoin, co-founded by Sam Altman, faces a setback in Kenya as authorities suspend its iris-scanning activities due to security, privacy, and data protection concerns. Worldcoin is working with local regulators to address the issues and plans to resume iris scans while enhancing onboarding processes and crowd control measures. The suspension comes as Kenya was a significant market for Worldcoin's sign-ups, utilizing proprietary "Orb" devices to develop a global human identity and financial network, backed by over $500 million in funding.
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Portugal orders Sam Altman's Worldcoin to halt data collection
Economic Times
·
1y ago
Medial
Portugal's data regulator, CNPD, has ordered Worldcoin, the iris-scanning project led by Sam Altman, to cease collecting biometric data for 90 days due to concerns over citizens' data protection rights. Worldcoin offers digital ID and cryptocurrency in exchange for facial scans. The regulator received complaints about unauthorized data collection from minors and deficiencies in information provided to data subjects. Worldcoin claims to be fully compliant with laws and is transitioning to give users control over their data. The project has faced scrutiny and suspensions in various countries, including Spain and Kenya.
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Spain temporarily blocks Sam Altman's eyeball-scanning venture Worldcoin
Reuters
·
1y ago
Medial
Spain has halted the cryptocurrency project, Worldcoin, temporarily due to concerns over privacy risks. Worldcoin, developed by Sam Altman, uses iris scanning technology to create a digital ID and provide free cryptocurrency. Spain's data protection regulator, AEPD, has demanded Worldcoin immediately stop collecting personal information and using data already gathered. The regulator cited high risks to individuals' rights and highlighted complaints about insufficient information, collection of data from minors, and withdrawal of consent. Worldcoin, whose "orb" devices have attracted 2.3 million users globally, has yet to respond to the ban.
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Altman's crypto startup Worldcoin sues Spanish regulator after ban
Inshorts
·
1y ago
Medial
OpenAI CEO Sam Altman's crypto project Worldcoin has sued Spain's data protection agency AEPD after being banned in the country. "It is...unfortunate that they are spreading inaccurate and misleading claims about our technology globally," Worldcoin said. The project, which scans people's eyeballs, has been temporarily banned after AEPD received several complaints about it.
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Inside Sam Altman’s eye-scanning crypto party
The Verge
·
1m ago
Medial
Sam Altman’s cryptocurrency project, Worldcoin, debuted in the US with an event in San Francisco featuring eye-scanning orbs to verify users' humanness. The project, co-founded by Altman and Alex Blania, offers 16 WLD tokens for verification via its Ethereum-based World Chain. Worldcoin plans to open locations in six major US cities. The event, highlighting this science fiction-like concept, featured a performance by Anderson Paak, reflecting Altman's influence in the tech sphere.
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Portugal orders Sam Altman's Worldcoin to halt data collection
Economic Times
·
1y ago
Medial
Portugal's data regulator, CNPD, has ordered Worldcoin, the iris-scanning project led by Sam Altman, to halt the collection of biometric data for 90 days due to privacy concerns. The CNPD received complaints about unauthorized data collection from minors, lack of information provided to data subjects, and the inability to delete data or withdraw consent. Worldcoin, which offers free cryptocurrency in exchange for facial scans, claims to be compliant with data protection laws and is transitioning to a system where users have more control over their data. Worldcoin is under investigation in multiple countries and has faced criticism from privacy campaigners.
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Spain temporarily bans Altman's eyeball-scanning Worldcoin project
Inshorts
·
1y ago
Medial
Spain's data protection agency AEPD has banned OpenAI CEO Sam Altman's Worldcoin project for up to three months. The project scans people's eyeballs and offers them a digital ID and free tokens of its cryptocurrency. AEPD said it has received several complaints against Worldcoin regarding insufficient information and the collection of data from minors, among other things.
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Sam Altman backed Worldcoin slapped with a three-month ban in Spain: Here's why
Livemint
·
1y ago
Medial
Spanish authorities have implemented a three-month ban on Worldcoin, a project led by Sam Altman, due to concerns over privacy risks associated with its unique method of digital identification. The company's "orb" devices, which use iris scanning for user identification and provide free cryptocurrency, have faced global criticism for their data collection practices. The ban, issued by the Spanish data protection regulator, demands an immediate halt to data collection and use, following complaints about inadequate information, data collection from minors, and consent withdrawal issues. Worldcoin has responded, accusing the regulator of spreading inaccurate claims and circumventing EU law.
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Spain's High Court upholds temporary ban on Worldcoin iris-scanning venture
Economic Times
·
1y ago
Medial
Spain's High Court has upheld a temporary ban on Worldcoin's iris-scanning venture, citing privacy concerns. Worldcoin aims to create a global identity system by scanning people's irises in exchange for free cryptocurrency and a digital ID. The ban was imposed by Spain's privacy watchdog following complaints about insufficient information, data collection from minors, and the inability to withdraw consent. Worldcoin argued that the decision would cause significant damage, while the court stated that the company would be compensated if the ban is eventually lifted. The project has faced criticism worldwide for its handling of personal data.
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