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$Orbs pumping is not a good sign for market

The Korea Digital Asset Exchange Association announced that ORB (Orbs) and TEMCO will be included in the trading warning currencies. Deposit business of these two currencies will be suspended. The ORB project failed to truthfully disclose information that had a significant impact on the currency price. TEMCO was for arbitrarily changing important information without public disclosure.

Worldcoin (WLD)Worldcoin's approach to digital identity verification addresses challenges in distinguishing humans from AI entities, a concern amplified by advancements in artificial intelligence. By offering a secure and private method for identity verification, Worldcoin positions itself to become a foundational element in the evolving digital economy. The project's recent rebranding to "World" and the introduction of an updated Orb device with enhanced features indicate a commitment to scalability and user adoption. is a cryptocurrency initiative co-founded by Sam Altman, CEO of OpenAI, aiming to establish a global identity and financial network. The project utilizes biometric verification through iris-scanning devices called "Orbs" to create unique digital identities, known as World IDs, ensuring users are real humans. Growth Potential Worldcoin's approach to digital identity verification addresses challenges in distinguishing humans from AI entities, a concern amplified by advancements in artificial intelligence. By offering a secure and private method for identity verification, Worldcoin positions itself to become a foundational element in the evolving digital economy. The project's recent rebranding to "World" and the introduction of an updated Orb device with enhanced features indicate a commitment to scalability and user adoption. Price Forecast As of October 31, 2024, WLD is trading at approximately $2.05, with a market capitalization of around $1.2 billion. The token's price has experienced fluctuations, influenced by market dynamics and regulatory developments. Analysts suggest that if Worldcoin successfully expands its user base and addresses privacy concerns, WLD could see significant appreciation. However, potential investors should remain cautious, as the project's reliance on biometric data has attracted scrutiny from regulators in various countries. Position Analysis Worldcoin's unique proposition of combining cryptocurrency with biometric identity verification sets it apart in the crypto space. The project's success depends on its ability to balance innovation with privacy and regulatory compliance. While the concept holds promise, the execution and public perception will play critical roles in determining its long-term viability. Investors and users should monitor ongoing developments, including regulatory responses and technological advancements, to assess Worldcoin's potential impact on the digital identity and cryptocurrency sectors.

Sam Altman's Worldcoin project has rebranded itself as 'World' and introduced a new, faster version of its iris-scanning device, the 'Orb.' The project's primary objective remains the creation of an identity-verification system that allows individuals to anonymously prove their humanity online. The new Orb 2.0 is designed to be quicker to build and operate, featuring improved chips and open-source code. At a recent media event, Altman and co-founder Alex Blania, along with World employees, detailed their plans for the updated Orb. Chief designer Rich Heley emphasized the need for a significant increase in the number of Orbs, suggesting that around 1,000 additional devices are necessary. These Orbs will be deployed in various locations, including storefronts in Buenos Aires and Mexico City, local coffee shops, and even available for home delivery via an app. In addition to the Orbs, World aims to expedite the adoption of its world ID system by allowing users to onboard through government IDs. Chief Information Security Officer Adiran Ludwig noted that while this method does not confirm the user's humanity as effectively as the Orb, it includes additional checks to prevent deepfakes. A new feature, World ID Deep Faces, will enable internet users to verify that the individuals they are interacting with online are not deepfakes, provided they have a World ID. $WLD

$WLD There are several key components of Worldcoin; a World ID, WLD tokens, the World App. A World ID is an ID that’s issued to one real person and used as proof of his or her personhood. A Worldcoin token is issued to the network’s participants. Both are accessed through the World App that users can download on their phones. The way Worldcoin works is that users generate a private and public key with their World App. Users go to an Orb located nearby to have their iris scanned by the device to be verified as a real and unique human. This means that the iris scan must be of a real human and cannot be the same as another verified human. Once verified, users will have an Orb-verified World ID. Around two million Orb-verified World IDs have been created as of July 2023 and the project aims to increase the number of Orbs to 1,500 over the next few months in more than 35 cities around the world. Worldcoin Users in some countries can already receive Worldcoin tokens, or WLD. $WLD