Worldcoin Faces BayLDA Mandate Over Biometric Data
The Bavarian State Office for Data Protection Supervision (BayLDA), Germany’s data protection authority, has issued corrective measures against Worldcoin (now known as World) regarding its handling of biometric data. Following an investigation, the agency has ordered the company to delete data collected in violation of GDPR rules.
Compliance Deadline Set for One Month
On December 19, BayLDA announced the conclusion of its GDPR compliance investigation into World. The regulator instructed Worldcoin to implement a data deletion process in alignment with European standards within one month. However, the World Foundation has appealed the decision, seeking clarification from regulators on whether its technology meets the EU’s legal definition of anonymization.
Enhancing User Rights with World ID
Launched in July 2023 by Tools for Humanity (TFH), Worldcoin utilizes iris recognition technology for identity verification. BayLDA’s investigation, initiated in 2023, highlighted concerns regarding the collection and handling of biometric data. BayLDA President Michael Will stated that the recent decision aims to enhance the rights of users who shared their biometric information.

“With this decision, we are upholding European standards for data privacy and individual rights,” said Will. “All users will have the right to have their data deleted.”
Additional Obligations for Worldcoin
Beyond the data deletion mandate, Worldcoin must ensure explicit user consent for certain data processing activities. The company is also required to erase data records collected in the early stages of its operations. BayLDA clarified that these changes address data obtained between summer 2023 and the point when the project was adjusted to comply with legal requirements.

World Foundation Calls for Clarification on Anonymization in the EU
The World Foundation emphasized the need for a clear and consistent legal definition of anonymization in the EU. According to Damien Kieran, the company’s Chief Legal Officer, anonymization is a critical element for secure identity verification in the digital age. The foundation’s appeal aims to confirm whether its technology complies with European regulations.

“Without a clear definition of anonymization, we risk losing a vital tool for protecting privacy in the era of artificial intelligence,” Kieran stated. The World Foundation and TFH plan to continue working closely with regulators in the EU and beyond to ensure that innovation and privacy protection go hand in hand.

#worldcoin , #wld , #cryptonewss , #cybersecurity

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In recent times, the cryptocurrency sector focused on artificial intelligence has significantly outpaced other digital currencies. According to data from CoinGecko, AI cryptocurrencies have reached new records in market capitalization, with the most significant ones currently garnering attention.
Artificial Intelligence on the Rise Thanks to OpenAI's New Sora Project
As of February 20, the total market capitalization of AI-based cryptocurrencies has surged to $15.8 billion, representing an eight percent increase over the past 24 hours. This makes AI cryptocurrencies the most dynamically developing segment in the Web3 world. For instance, the SingularityNET project, associated with Cardano, has witnessed an 80% increase in the value of its AGIX tokens over the last week.

For comparison, the total market capitalization of cryptocurrencies increased by only 0.2% over the same period.
This surge of optimism in the realm of AI tokens can be attributed to the success of Sora, a new content generation platform from OpenAI, which enables the conversion of text into video. Sora can create high-quality videos based solely on textual instructions. In the past, a similar disruption in the AI cryptocurrency space was caused by the introduction of the ChatGPT conversational robot by OpenAI.
Additionally, Worldcoin by Sam Altman (WLD) has experienced an increase of over 40%.
Fetch.AI (FET) Aims for Billion-Dollar Market Capitalization
Although the largest AI tokens by market capitalization did not stand out in the last 24 hours, with Bittensor (TAO) and Render Network (RNDR) showing losses of 5% and 1.4%, respectively.
Fetch.AI (FET) is the only significant player maintaining steady growth. Over the last day, it has seen an increase of 2%, extending its weekly growth to approximately 40%. For the first time in its four-year existence, the token is approaching a market capitalization of one billion dollars.
Akash Network (AKT) also demonstrates strong performance and has returned among the top 100 assets by market capitalization.
 $WLD $FET $AGIX
#AI #token #crypto #worldcoin
 
 
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
 

 

Worldcoin is planning to increase the supply of its tokens by up to 19% in the next six months through private sales.This increase in token circulation is expected to dilute the value of the existing tokens.Worldcoin aims to sell the tokens at a price close to the current market price to minimize the negative impact on the price.Despite the planned increase in supply, analysts believe Worldcoin remains bullish in the long term, as long as the price stays above a certain level.A break above $6 could signal a price increase towards $14.23.

Increasing Token CirculationIn a recent blog post, Worldcoin revealed plans to gradually release between 0.5 million and 1.5 million $WLD tokens per week to select trading firms outside the US. Managed by World Assets, a company under the Worldcoin Foundation's umbrella, this initiative aims to inject approximately 36 million new tokens into the market over the span of six months.At current market rates, this sell-off strategy is anticipated to yield around $197 million in total. World Assets intends to execute private placements for these WLD tokens over the course of six months, aiming to negotiate sales close to market prices to mitigate potential bearish impacts.Impact on WorldcoinThe influx of 36 million additional tokens into circulation is expected to significantly affect the value of $WLD . With a current circulating supply of approximately 194 million out of a total supply of 10 billion tokens, the introduction of these new tokens may dilute the value of $WLD , given the relatively small percentage of circulating supply compared to the total.Worldcoin Analysis and ForecastWorldcoin's market capitalization currently stands at around $1 billion, positioning it as the 98th largest cryptocurrency by market cap. Despite the impending increase in token circulation, Worldcoin has shown resilience in its price trends, bouncing off ascending trendlines and indicating bullish sentiment in the long term.Chart analysis suggests that $WLD $WLD pported by an ascending trendline, with significant resistance observed around $6. Should this level be breached, it may pave the way for further bullish momentum, potentially targeting a price point of $14.23.DisclaimerWhile the Voice of Crypto endeavors to provide accurate and timely information, readers are encouraged to conduct their own research and make informed financial decisions. Cryptocurrencies are volatile assets, and caution should be exercised when trading or investing in them.

#VOC #VoiceOfCrypto #CryptoNews #CryptoCurrency #worldcoin

The Worldcoin price dropped over 2% in the last 24 hours to trade at $2.22 at press time.
This drop in the WLD price comes after the Worldcoin Foundation unveiled its World ID orb verifications in Austria, marking a significant step in expanding its "proof of humanness" technology across Europe. 
The launch, announced on Wednesday, makes the eyeball-scanning orbs available at various locations in Vienna, enabling residents over 18 to join the Worldcoin network by verifying their World ID.
Worldcoin Foundation Expands 'Proof of Humanness'
With this expansion, Austria joins neighboring Germany in adopting Worldcoin's orb technology. This initiative is part of Worldcoin's broader mission to ensure the future health of the internet by distinguishing between human and non-human actors. Participants who verify their humanity through an iris scan are assigned World IDs and rewarded with WLD tokens. The Worldcoin Foundation claims that 6.3 million people are already participating in the network globally.
Despite its growth, the Worldcoin project has faced regulatory challenges in Europe. Spain recently extended its ban on Worldcoin until the end of the year or until a GDPR audit is completed. Similarly, Portugal ordered the project to halt biometric data collection temporarily in March. These actions reflect broader concerns about personal data protection, with several government agencies scrutinizing the project.
"In a 2024 survey in Spain, 82% of the 21,000 World ID holders who responded agreed that technologies such as Worldcoin/World ID are important for distinguishing between humans and bots online (13% were unsure)," the Worldcoin Foundation stated in a blog post. "Similarly, in Portugal, more than 3 in 4 (77%) of the 19,000 World ID holders who responded agree that Worldcoin can have a positive impact on their digital interactions (13% were unsure)," the post added, noting similar positive feedback from Latin American markets.
Worldcoin, primarily developed and promoted by Tools for Humanity, a company co-founded by OpenAI CEO Sam Altman, has taken steps to address privacy concerns. In March, the project introduced "Personal Custody," prohibiting new signups from requesting the storage and encryption of their biometric data. Additionally, individuals who had previously signed up could request the deletion of the numeric "iris code" created during their scan. The project also implemented measures to prevent those under 18 from signing up.
Upcoming Layer 2 Network
In a move to enhance its technological infrastructure, the Worldcoin Foundation released a developer preview of its own Layer 2 network, World Chain, earlier this month. This preview allows developers to build, test, and provide feedback before the mainnet launch expected later this summer. The initiative also enables developers to prepare their deployments ahead of migrating Worldcoin’s World App users from its existing base on OP Mainnet. Worldcoin user transactions have reportedly grown to more than 50% of OP Mainnet’s activity since its launch in July 2023.
World Chain, which is intended to be permissionless, open-source, and independently governed by its community, is secured by Ethereum within the Superchain network of Layer 2 chains built using the OP Stack.
Worldcoin Price Technical Overview
The Worldcoin price has recently exhibited a cautious tone on the 4-hour chart, with price action testing key support and resistance levels. Closing prices over the last few sessions show that the asset has struggled to maintain upward momentum, hovering around $2.174 to $2.215. The near-term outlook is clouded by resistance at $2.251 and more formidable barriers at $2.392 and $2.407, which could cap any bullish advances.
From a technical perspective, the 9 EMA has consistently remained below the 20 EMA, indicating a short-term bearish trend. This crossover often signals that sellers have the upper hand, with the price likely to face downward pressure unless bulls can reclaim these moving averages.
The MACD, another momentum indicator, also points towards a bearish trend. The MACD line is below the signal line, and the histogram has been consistently negative, showing that the bearish momentum is gaining traction. This setup suggests that any attempts to break above resistance could face significant headwinds, and a move lower remains on the cards.
Slightly Oversold
The RSI hovers just above oversold territory, indicating that while the market is bearish, it hasn't reached an extreme where a reversal is imminent. However, if the RSI dips further, it could prompt a short-term bounce, potentially providing a better entry point for traders looking to go long.
Given the current setup, potential entry points for short trades could be near the resistance levels of $2.251 and $2.392, with exits around the support levels of $2.199 and $2.178. Conversely, for those looking to take long positions, waiting for a confirmed break above $2.251 with strong volume could present an opportunity, targeting the next resistance at $2.392 and $2.407.

$WLD #worldcoin #altcoins