World, formerly known as Worldcoin, has verified 10 million users on its digital identity network, utilizing biometric data to establish proof of personhood amid concerns over AI’s impact on information reliability. However, the company faces significant legal challenges, with multiple countries, including Kenya and Spain, suspending operations due to privacy and security risks associated with biometric data collection. Critics argue that such digital ID schemes could threaten privacy and be misused by authoritarian regimes.
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CryptoPress Release
January 12, 2025 | 21:33
January 12, 2025 | 21:33CryptoMarket Report
January 10, 2025 | 17:29
January 10, 2025 | 17:29Worldcoin
4 posts last weekGrayscale Considers 39 New Assets for Future Investment Products
Grayscale is considering 39 assets, including Dogecoin, for future investment products, reflecting growing institutional demand for cryptocurrencies. The firm aims to expand its offerings amid anticipated favorable regulations with the incoming Trump administration. Currently managing $29.3 billion in assets, Grayscale plans to update its consideration list quarterly.
read moreBitcoin Rises as Crypto Market Sees Mixed Performance on January 7 2025
On January 7, 2025, Bitcoin rose 1.42% to $100,852.31, bolstered by increased investor confidence, while Ethereum slipped 0.40% to $3,638.13. The global cryptocurrency market cap increased by 0.59% to $3.55 trillion, with a notable surge in trading volume by 30.16% to $127.63 billion, reflecting a “Greed” sentiment with a Fear & Greed Index score of 66. Top gainers included WLD (+5.58%), BGB (+5.24%), and ADA (+4.70%), while altcoins like Solana and SPX faced declines.
read moreWorldcoin Revolutionizes Digital Landscape with Strategic Partnerships and Future Plans
Worldcoin (WLD) is making waves in the digital landscape with a current market cap of $843 million and a price of $2.93. Recent developments include the launch of an ID verification app, partnerships with major companies like Airbnb and Uber, and a significant 20% of WLD supply burned.Looking ahead, the project plans to introduce a debit card in Q3 2024 and expand its global ID verification network, with price projections ranging from a conservative estimate of $5.50 to an optimistic $15.00. Security measures include custom-built technology and regular audits to ensure fund protection.
read moreCardano Could Surge 266 Percent According to Crypto Analyst Predictions
Crypto analyst Ali Martinez predicts that Cardano (ADA) could surge by 266% to $4 within weeks, following a similar pattern from the last cycle. Currently trading at $1.09, ADA has gained 13.5% in the last 24 hours. Martinez also highlights Bitcoin (BTC) at a critical juncture, emphasizing the need for a sustained close above the 50-day moving average to confirm bullish momentum. Meanwhile, bullish signals are emerging for Worldcoin (WLD) and Celestia (TIA), trading at $2.40 and $5.44, respectively.
read moreJanuary Sees Seven Billion Dollar Crypto Token Unlocks Amid Market Uncertainty
January is set to see approximately $7 billion in crypto tokens unlocked, which may lead to short-term price declines despite controlled release mechanisms. The month features both cliff and linear unlocks, with significant releases from projects like Solana, ZetaChain, and Optimism. The first week alone will see around $1 billion worth of tokens released, with a peak of $3.7 billion expected between January 13 and 19.
read moreEthereum Tokens Set for Massive Gains Ahead of Price Surge
Ethereum is set for a significant price surge, with analysts highlighting tokens like Wormhole (W), JasmyCoin (JASMY), Worldcoin (WLD), and 1Fuel as potential high performers. Wormhole focuses on multichain interoperability, while JasmyCoin aims to retest its all-time high due to the growing need for data solutions. Worldcoin addresses identity verification, and 1Fuel, currently in presale, is expected to deliver substantial returns, potentially turning a $500 investment into $50,000 by 2025.
read moreMemecoins Surge to 31 Percent of Investor Mindshare in 2024
In 2024, memecoins surged to capture 31% of investor mindshare, marking a fourfold increase from the previous year, driven by cultural virality over traditional fundamentals. Solana saw nearly 5 million new memecoins deployed, generating over $335 million in fees, while the sector delivered an impressive average yearly return of 201%. In contrast, AI-related narratives, despite their growing popularity, lagged behind with a negative performance of 11.6%, primarily due to Worldcoin’s significant drawdown.
read moreWorldcoin Faces Challenges Amid Regulatory Scrutiny and Market Volatility
Worldcoin (WLD) is facing significant challenges as its price drops to $2.18 amid regulatory scrutiny and market volatility. The recent $15 million fine against OpenAI for privacy violations raises concerns about Worldcoin’s biometric data practices, potentially leading to further regulatory actions.Additionally, a bearish technical pattern known as the rising wedge suggests a possible price decline, with projections indicating a drop to around $0.77 if the support line is breached, marking a potential decrease of over 65% from current levels.
read moreXRP and Solana Signal Buy Opportunity with TD Sequential Indicator
XRP and Solana, along with Maker and Worldcoin, have recently triggered a Tom Demark (TD) Sequential buy signal on their 4-hour charts, indicating potential price reversals. This signal arises after a series of nine red candles, suggesting a possible bullish momentum shift following a market downturn influenced by the US Federal Reserve’s cautious stance on interest rates. XRP’s price has rebounded slightly to around $2.31 after dipping below $2.18 during the recent crash.
read moreGerman Watchdog Directs Worldcoin to Erase Biometric Data
Germany’s regulatory authority has mandated that Worldcoin eliminate its controversial biometric data collection practices. This decision underscores growing concerns over privacy and data security in the rapidly evolving landscape of digital currencies and biometric technologies.
read moreAltcoins Expected to Surge as Bitcoin Rally Loses Momentum
Analysts are optimistic about altcoins like Ethereum and Solana, anticipating strong gains starting January 2025, despite Bitcoin’s volatility ahead of the Federal Reserve’s interest rate decision. Prominent trader Ali Martinez highlights projects with strong fundamentals, including Worldcoin, Uniswap, AAVE, Chainlink, Maker, Ondo Finance, Solana, and BNB, as key investments. Meanwhile, other analysts predict significant price targets for Bitcoin and altcoins, while cautioning about potential market volatility linked to political events.
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