Watch Out! AI is Coming for Your Eyeballs 👀

Coinigy Team

Jul 31, 2023 • 2 min read

Hello there!

And welcome to another crypto news roundup from Coinigy.

So, Worldcoin launched this past week, and everyone—even Vitalik—had something to say about its plans and use case.

If you don’t know what Worldcoin is about, here’s a quick crash course.

Now, having a crypto platform that aims to verify the entire world doesn’t sound so bad. We’re in a fast-moving AI era, and deep fakes are getting really good—like, really good.

So, it's only natural that we look for ways to ensure we differentiate between real people and The Terminators, right?

The only major red flag is the chance of the system being overrun by the same thing we built it to safeguard against. Plus, the solution is coming from the very person who spear-headed the perceived problem.

But we can’t really predict the future, can we? (maybe ChatGPT can 😉)

We’re curious to know what you think about Worldcoin, though. Will it deliver on its promise? And are you getting your eyeballs scanned any time soon?

Anyway, here are the main highlights from last week.

Binance withdraws crypto license application in Germany
Ukraine has raised $225M in Crypto donations
Canada unveils new bank capital rules for crypto holdings
Worldcoin Officially Launches, Announces Orb Rollout Expansion in More Than 35 Cities

Binance withdraws crypto license application in Germany

Binance has withdrawn its application for a license from German financial regulator BaFin, the company told CoinDesk.

The move follows a retrenchment from markets including Austria, Belgium and the Netherlands, and as its U.S. arm is sued by regulators for operating an unregistered exchange.

Here’s the full story.

Ukraine has raised $225M in Crypto donations

In the face of Russia’s relentless invasion, Ukraine has been fighting a valiant battle on multiple fronts, and the global community has rallied behind them in support. A recent report by blockchain intelligence firm Crystal Blockchain has shed light on the astounding financial backing that Ukraine has received in the form of crypto assets.

Here’s the full story.

Canada unveils new bank capital rules for crypto holdings

Canada’s financial watchdog is proposing changes to its capital and liquidity approach to crypto assets, according to an announcement on July 26. According to the Office of the Superintendent of Financial Institutions (OSFI), the proposed rules will simplify institutions’ approach to perceived crypto risks, defining four categories of crypto assets and their capital treatment.

Here’s the complete story.

Worldcoin Officially Launches, Announces Orb Rollout Expansion in More Than 35 Cities

Worldcoin, the decentralized biometric ID protocol, has officially launched, allowing users to reserve their share of WLD, the incentives-driven token of the protocol, that will be granted when confirming one’s identity using a biometric device called the “Orb.” In addition, Worldcoin also informed that it will be accelerating the rollout of these devices to more than 35 cities.