Author: NewsBTC
United Kingdom Source: Crypto Breaking News
Sep 28, 2024 05:50
Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher?
Worldcoin (WLD) is taking investors by storm as the token performs extremely well in the present market environment. Despite the market experiencing a slight pullback today, WLD surged 31% since last week, representing a huge jump in value as the protocol continues to expand its services. Worldcoins identity-proving technology continues to expand. Just this week, [...]
View DetailsAuthor: Cointelegraph by Ezra Reguerra
United States Source: Cointelegraph.com News
Sep 27, 2024 12:00
South Korea fines Worldcoin for violating personal protection laws
Despite the regulatory hurdles, the projects WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.
View DetailsAuthor: Ashfaq
United Arab Emirates Source: TheNewsCrypto – Blockchain & Cryptocurrency News M
Sep 20, 2024 04:10
Worldcoin Testing Facial Recognition for Enhanced Security in World App
Users of the World App will be the first to experience face recognition technology, according to Worldcoin. According to an announcement, the new function is a private 1:1 face comparison. That guarantees that the World App may only be accessed by the person who validated their World ID at an View Details
Author: Cointelegraph by Alex O’Donnell
United States Source: Cointelegraph.com News
Sep 17, 2024 12:00
BitGo launches regulated custody platform for native protocol tokens
The US custodians crypto-native clients include Worldcoin, ZetaChain and LayerZero.
View DetailsAuthor: Oluwapelumi Adejumo
United States Source: CryptoSlate
Sep 14, 2024 01:10
Worldcoin surges 10% after expanding World ID to Solana via Wormhole
Worldcoin announced that the Wormhole interoperability platform has expanded its World ID feature to the Solana blockchain, according to a Sept. 13 statement. The expansion is the result of a Worldcoin Foundation grant, which supported the integration of World ID with Solana. However, the feature is not yet active as its smart contracts are still […]
View DetailsAuthor: Cointelegraph by Tristan Greene
United States Source: Cointelegraph.com News
Sep 14, 2024 12:00
Worldcoins World ID gets bridge to Solana via Wormhole
Wormhole was one of 17 projects to receive a Worldcoin Wave 1 Community Grant.
View DetailsAuthor: Arslan Tabish
Estonia Source: TronWeekly
Sep 13, 2024 02:30
Crypto Market Updates: Bitcoin, Worldcoin, And Ethereum In Focus
The cryptocurrency market has seen some major developments as recently highlighted by crypto analyst Matthew Dixon in a post on X. On September 11, various developments occurred in the cryptocurrency world including Bitcoin and Ethereum developments, and regulatory actions. These are the trends that are defining the future of the crypto market as it progressing […]
View DetailsAuthor: Will Izuchukwu
United States Source: NullTX
Sep 02, 2024 03:05
Worldcoin ($WLD) Surges In Optimism Ecosystem But Faces Investor Woes
Worldcoin ($WLD) has emerged as a dominant force within the Optimism ecosystem, showcasing remarkable growth over the past year. The number of unique addresses holding $WLD skyrocketed from 477,000 in August 2023 to a staggering 4.7 million by August 26, 2024. This rapid expansion highlights a strong surge in community […]
View DetailsAuthor: Cointelegraph by Savannah Fortis
United States Source: Cointelegraph.com News
Aug 03, 2024 12:00
Worldcoin spreads across Europe with Austria digital ID launch
Worldcoin expands its digital ID verification technology to Austria, offering residents in Vienna access to the World ID system with multiple locations throughout the city.
View DetailsAuthor: Abdul
United Arab Emirates Source: TheNewsCrypto – Blockchain & Cryptocurrency News M
Aug 17, 2024 04:10
Worldcoin Teams Up with Malaysias MIMOS to Advance Digital Proof of Humanity
Sam Altman’s Worldcoin is back in the news after forming a partnership with MIMOS Berhad, the applied research and development arm of the Malaysian government. Official statements from both organizations have been publicized today, announcing their partnership to promote digital proof of humanness across Malaysia. The country’s digital infrastructure is View Details
Author: Maxwell Mutuma
United States Source: CryptoNewsZ
Aug 17, 2024 03:00
Worldcoin Biometric System Goes Live in Malaysia
Malaysia has officially introduced Worldcoins iris recognition for identification purposes. The initiative, supported by the memorandum of understanding…
View DetailsAuthor: Cointelegraph by Amaka Nwaokocha
United States Source: Cointelegraph.com News
Aug 17, 2024 12:00
Malaysia adopts Worldcoin for personal verification and digital ID
Malaysia aims to tackle national challenges and unlock economic opportunities by adopting cutting-edge biometric verification technology.
View DetailsAuthor: Cointelegraph by Helen Partz
United States Source: Cointelegraph.com News
Jul 10, 2024 12:00
Worldcoin invites devs to build ahead of mainnet launch in 2024
With the World Chain developer preview, devs can deploy infrastructure on a gated mainnet, as World Chain is skipping a testnet.
View DetailsAuthor: Christian Encila
United Kingdom Source: NewsBTC
Jul 05, 2024 12:05
Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream
Worldcoin (WLD) has been on a rollercoaster ride the past few months. After hitting an all-time high of nearly $12 in March, the coin embarked on a downward spiral, plummeting over 60% in the last three months. This dramatic drop has made investors jittery, with whispers of regulatory woes and profit-taking swirling around the beleaguered token. Related Reading: Ethereum DApps On Fire: Volume Soars Over 90% Good For ETH Price? However, a recent surge in price suggests a potential comeback story in the making for the token powering the digital identity application. As of today, WLD sits at $2.27, a modest yet significant rise compared to its November 2023 lows. This upward trend has analysts cautiously optimistic, but several factors could determine whether WLD rebounds or retraces its steps. From Gloom To Hope: A Shift In Sentiment Social media sentiment surrounding Worldcoin paints a fascinating picture. Just a month ago, the online conversation was dominated by negativity, with the “Weighted Sentiment” metric reflecting a decidedly gloomy outlook. This negativity likely stemmed from the sharp price decline, leading many to question the project’s future. However, a recent shift in sentiment has emerged. The negativity has dissipated, replaced by a cautious optimism. Online chatter now reflects a “wait and see” approach, with some investors expressing renewed interest in the project. This positive sentiment could prove crucial in WLD’s potential recovery. A bullish online community can translate to increased demand for the token, propelling its price upwards. This sentiment shift can be attributed to a few factors. Firstly, the recent price increase has undoubtedly boosted morale. When investors see a token clawing its way back from the abyss, it fosters a sense of hope and encourages them to hold onto their holdings. Secondly, the oversold signal from the Relative Strength Index (RSI) might be interpreted as a buying opportunity by savvy investors, further contributing to the positive buzz. Bulls Charge Ahead, But Can They Stay The Course? Another interesting development is the activity of “whales,” large investors who can significantly impact a token’s price. According to the Bulls and Bears Indicator, there’s been a surge in buying activity from these whales. This suggests a renewed confidence in WLD’s potential, and if this buying pressure continues, it could propel the token towards the coveted $3 mark in the short term. However, there are potential roadblocks ahead. The RSI, while currently indicating a healthy balance, could swing back towards overbought territory. This would signal a potential retracement, where investors who bought at lower prices might cash out, causing a temporary dip. Additionally, if the bulls lose steam and selling pressure mounts, the recent gains could be quickly eroded. Related Reading: Bitcoin Examined: These Critical Points Are Very Bad For BTC, Analyst Says Worldcoin Price Forecast: A Bullish Long-Term View Looking beyond the immediate future, several price prediction models offer a glimpse into WLD’s long-term prospects. One such model estimates a 48% increase in the next seven days, potentially pushing the price to $3.56. This short-term prediction hinges on sustained buying pressure and a healthy balance between bulls and bears. The long-term outlook appears even more bullish. Some analysts predict a price of $6.41 in one year, representing a significant increase from current levels. This optimistic view is likely based on the continued development of the Worldcoin identity application and its potential for widespread adoption. While the future remains uncertain, the recent developments surrounding WLD offer a glimmer of hope. A positive shift in sentiment, increased buying activity, and a potentially bullish long-term outlook paint a cautiously optimistic picture for the embattled token. Featured image from X/@worldcoin, chart from TradingView
View DetailsAuthor: Will Izuchukwu
United States Source: NullTX
Jul 25, 2024 03:05
Worldcoin (WLD) Set To Begin Four-Year Token Unlock Cycle, Releasing $5.545 Billion
Starting tomorrow, Worldcoin (WLD) will commence the unlocking cycle for tokens held by investors and team members. A total of 2.38 billion WLD, valued at approximately $5.545 billion, will be released gradually over the next four years, with around 1.63 million tokens unlocked daily. Worldcoin (WLD) (7/24) 23.8 […]
View DetailsAuthor: Cointelegraph by Shiraz Jagati
United States Source: Cointelegraph.com News
Jul 25, 2024 12:00
Worldcoin turns one: Looking back at a year of controversy and growth
One year in, Worldcoins vision of a universal digital identity system shows promise with millions of users.
View DetailsAuthor: Cointelegraph by Ezra Reguerra
United States Source: Cointelegraph.com News
Jul 24, 2024 12:00
Worldcoin denies insider trading and price manipulation allegations
A Worldcoin spokesperson told Cointelegraph that people covered by their policies are prohibited from disclosing confidential information relevant to WLD purchasing decisions.
View DetailsHong Kong Source: Blockchain News
Jul 23, 2024 02:15
Binance P2P Introduces Worldcoin (WLD) Trading Pairs for LATAM Currencies
Binance P2P adds support for Worldcoin (WLD) trading against various LATAM fiat currencies, expanding its cryptocurrency offerings. (Read More)
Author: Newton Gitonga
United States Source: ZyCrypto
Jul 19, 2024 01:45
Top Crypto Security Analyst Labels Worldcoin Biggest Scam
In a scathing rebuke, popular crypto security analyst ZachXBT has denounced Worldcoin (WLD), terming it “the biggest bull run scam token.” The sleuths comments came after a detailed report from crypto analyst DefiSquared on Wednesday alleged widespread manipulation and unethical practices by the project’s team. Notably, as per the report, the available supply of WLD […] View Details
Author: Jake Simmons
United Kingdom Source: NewsBTC
Jul 18, 2024 12:05
Top Trader Exposes Worldcoin Market Manipulation Ahead Of Insider Unlocks
The cryptocurrency Worldcoin (WLD) has seen a dramatic price increase, surging 75% over the past five days, with a significant 38% increase in the last 24 hours. According to DeFi^2 (@DefiSquared), the number one ranked trader on Bybit and a top 10 wallet on DeBank, this price movement is not merely speculative but indicative of potential market manipulation, timed with upcoming insider unlocks. The Worldcoin Cash Grab In a post shared via X, the top trader DeFi^2 has brought to light concerning details about Worldcoin’s market activities ahead of its planned insider token unlocks. With only 2.7% of WLDs total supply currently in circulation, the smallest percentage in the industry at unlock time, the concerns center around how the Worldcoin team has managed to maintain a staggering $30 billion fully diluted valuation (FDV). “Worldcoin is projected to commence insider unlocks in 7 days at one of the lowest floats ever recorded in the industry,” DeFi^2 wrote. “This research piece brings to light exactly how the team is controlling the price to still carry a $30 billion fully diluted valuation as insider unlocks begin, while falsely claiming to have no involvement.” Related Reading: Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream Worldcoin was initially launched with a 1.4% circulating supply, or 140 million WLD. Out of this, 100 million tokens were assigned to market makers with call options that allowed them to buy back a significant number of tokens at a preset price of slightly over $2. This was strategically aimed at dampening any sudden price spikes. On “The Scoop Podcast,” Alex Blania, CEO of Worldcoin, openly discussed these tactics, stating they were crucial in preventing the price from soaring, which could potentially disrupt the market. “The intent to avoid the price spiking to $10,” Blania explained, “is paramount, as such an event would be horrific for our strategic market positioning.” However, by December 16th, the situation dramatically shifted when Worldcoin opted not to renew its market maker contract. This led to the removal of the call option and a concurrent reduction in WLDs circulation by an additional 25 million tokens. The immediate aftermath saw the price double within hours, a scenario Blania had previously indicated the company intended to avoid. During the Token2049 conference in Dubai, Blania reiterated that Worldcoin does not manipulate market prices, attributing fluctuations to natural market forces. This statement starkly contradicts the evident effects of the teams strategic decisions regarding tokenomics and market maker contracts. Related Reading: Heres Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3 DeFi^2 emphasizes, “An 11-figure valuation is only possible due to the team’s deliberate design of tokenomics, and the daily price movements have often been influenced by well-timed announcements and policy adjustments made by the team.” Market Manipulation The Worldcoin framework, which was ostensibly designed to facilitate universal basic income (UBI), seems to be primarily benefiting insiders rather than the intended recipients. Current projections show that nearly a billion tokens are slated for emission to team members and venture capitalists within the next year, whereas only about 600 million tokens are expected to be distributed to UBI recipients in the same timeframe. This means that within a year, insider emitted WLD is expected to make up over 60% of the entire circulating supply of Worldcoin. 60% is a wild proportion- it basically means the majority of the ecosystem purely exists for VCs to dump. This seems to directly counter the justification that the float is being left low right now to benefit UBI recipients, the trader writes. Orb Operators, tasked with collecting biometric data, have also been a significant source of circulating supply, with some reportedly sending upwards of 20,000 WLD per week to exchanges like Binance. This situation became particularly pronounced when WLDs price spiked to $12 in March, with substantial quantities of WLD being moved to exchanges every few days. Retail investors, particularly in Korea, where 25% of the circulating supply is held, are increasingly vulnerable. Many of these investors are likely unaware of the intricate dynamics at play, holding tokens at nearly $30 billion FDV, a valuation propped up by the positive news released strategically a week before the unlocks. It’s likely no coincidence that Worldcoin waited until 1 week before unlocks to release positive news. Despite being only a small change to unlock selling pressure, the news has proven incredibly effective so far in coercing retail to unwittingly provide higher prices and more liquidity for insiders to exit in a week’s time. Worse still, it appears likely (but not proven) that someone from the team or VCs used insider information to frontrun buying the news before it was even publicly announced, @DefiSquared claims. He concludes with a stern warning: “This piece is intended to shed light on a project that appears to be intentionally propping up a token price that should be lower, and many of the reasons outlined are why I intend to be short WLD over the months following the start of unlocks.” At press time, WLD traded at $3.22. Featured image from Kucoin, chart from TradingView.com
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