Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Fomoin Partners with Memebridge for Cost-efficient Cross-Chain Transaction, Unlocking Seamless Web3 Applications across Chains

18/09/2025

Ethereum Price Ready to Explode After AI Announcement?

18/09/2025

Spot Bitcoin ETFs Record First Outflow in a Week, Ethereum ETFs Follow With $1.89M Exit

18/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum Price Ready to Explode After AI Announcement?

    18/09/2025

    Ethereum price set for $8k breakout, top Bitget analyst predicts

    18/09/2025

    Wall Street Bank Citigroup Sees Ether Falling to $4,300 by Year-End

    18/09/2025

    Ethereum positioned to replace Wall Street infrastructure, yet remains undervalued by investors

    18/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Telegram’s Pavel Durov Celebrates as TON-Based NFTs Show Stunning Price Spike

    18/09/2025

    200+ Digital Artists Redefine Blockchain Creativity

    18/09/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    Fomoin Partners with Memebridge for Cost-efficient Cross-Chain Transaction, Unlocking Seamless Web3 Applications across Chains

    18/09/2025

    Ethereum Price Ready to Explode After AI Announcement?

    18/09/2025

    Spot Bitcoin ETFs Record First Outflow in a Week, Ethereum ETFs Follow With $1.89M Exit

    18/09/2025

    Datagram Network Taps Spheron to Drive Decentralized AI Compute

    18/09/2025
  • Blockchain

    Fomoin Partners with Memebridge for Cost-efficient Cross-Chain Transaction, Unlocking Seamless Web3 Applications across Chains

    18/09/2025

    Datagram Network Taps Spheron to Drive Decentralized AI Compute

    18/09/2025

    Avalanche Foundation Adds U.K. Lawmaker Chris Holmes to Board

    18/09/2025

    UBS, PostFinance and Sygnum Conduct Cross-Bank Payments on Ethereum

    18/09/2025

    Griffin AI Launches No-Code Agent Builder for Web3 and DeFi

    18/09/2025
  • DeFi

    Hex Trust Adds Custody and Staking for Lido’s stETH, Expanding Institutional Access to Ethereum Rewards

    18/09/2025

    Revolutionary Taiko Chainlink Integration Unlocks New DeFi Horizons

    18/09/2025

    L2 Closures and $100M GHO Push Spark Debate

    18/09/2025

    Botanix Launches Yield-Bearing Bitcoin Standard

    18/09/2025

    ETH Exit Queue Gridlocks As Validators Pile Up

    18/09/2025
  • Metaverse

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025
  • Regulation

    Spot Bitcoin ETFs Record First Outflow in a Week, Ethereum ETFs Follow With $1.89M Exit

    18/09/2025

    Markets Weigh Labor Risks, Inflation, and Liquidity Bets

    18/09/2025

    Gemini IPO Hype Fades With 12% Drop; Stock Under Pressure?

    18/09/2025

    Tether, Tokenization Pioneers Unveil Startup Focused on GENIUS-Aligned Digital Dollars

    18/09/2025

    Analyst expects crypto ETFs to double on new SEC rule

    18/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row

    18/09/2025

    Gemini Crypto Exchange IPO Pops 14% as Winklevoss Twins Predict $1M Bitcoin

    18/09/2025

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    World’s Largest Crypto Exchange by Trading Volume Launches Airdrop for New Universal ZK Rollup Protocol

    18/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    ‘Pixelverse’ Expands From Telegram With AI Agent Game on Farcaster

    18/09/2025

    Blockchain Games Break Into the Mainstream

    17/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Here’s why Bitcon mining stocks Bitfarms and IREN are surging

    18/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Pakistan invites global crypto firms to apply for operating licenses: Report

    18/09/2025

    Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

    18/09/2025

    “It Would Shoot First and Ask Questions Later”

    18/09/2025

    Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight

    18/09/2025

    Fomoin Partners with Memebridge for Cost-efficient Cross-Chain Transaction, Unlocking Seamless Web3 Applications across Chains

    18/09/2025

    Ethereum Price Ready to Explode After AI Announcement?

    18/09/2025

    Spot Bitcoin ETFs Record First Outflow in a Week, Ethereum ETFs Follow With $1.89M Exit

    18/09/2025

    Datagram Network Taps Spheron to Drive Decentralized AI Compute

    18/09/2025
  • MarketCap
NBTC News
Home»Altcoins»Sam Altman’s Worldcoin promised a global ID, so why are countries slamming the door?
Altcoins

Sam Altman’s Worldcoin promised a global ID, so why are countries slamming the door?

NBTCBy NBTC13/05/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


OpenAI co-founder Sam Altman launched Worldcoin in 2023 to give people a digital identity to verify themselves securely and anonymously online.

The idea behind the project required people to scan their irises and, in exchange for their personal data, the company would reward them with a small amount of cryptocurrency, which it believed would inspire more people to sign up.

Altman expressed his intention for Worldcoin as a “proof of personhood” because AI could mimic human behavior and talk like them, making it more difficult to tell who or what is real online. He also wanted to close the gap between the rich and the poor by giving everyone equal access to digital services without paperwork or passwords.

In the beginning, Worldcoin was all hype as social media posts showed people waiting in long lines to scan their irises, especially in countries across Africa, Asia, and Latin America. Most of the volunteers were more than happy to be a part of the global tech movement, while others were in it for the free cryptocurrency the company gave everyone who scanned their irises.

However, Altman’s vision of a connected and equal world began crumbling as people and governments raised concerns about the project’s privacy, data safety, fairness, and consent.

Privacy groups slam Worldcoin over biometric risks and exploitation

Tech experts and privacy groups warned that the biometric data from these eye scans is extremely sensitive because the information connects directly to who you are as a person. And since you can’t change your eyes like your password, a hacker could easily stalk or steal from you.

The Electronic Frontier Foundation (EFF) also criticized the project by saying the company rushed to collect information from third-world countries because the people were unaware of how Worldcoin would use, protect, or delete their data.

In addition, people raised concerns about consent because Worldcoin would sometimes target individuals with limited internet access or education since they are less likely to understand the risks and make a more informed decision. Some users even claimed they only registered for Worldcoin for the free cryptocurrency but did not know how the company would use their data.

Worldcoin also faced scrutiny over transparency, as it failed to clearly explain how user data was stored, who had access to it, and what would happen if the company changed ownership or shut down.

Although Worldcoin claimed to anonymize the data, experts pointed out that it could still be traced back to the individual with the right tools. Once a scan is in the company’s database, it could remain there indefinitely.

Due to mounting concerns, various governments launched investigations into Worldcoin’s practices. Nations like Spain, Portugal, and Kenya are at the forefront of demanding Worldcoin cease operations in their regions. These actions prove that many governments globally are moving too fast, breaking several legislative laws that seek to protect user interests.

Worldcoin tries to win back trust after bans

Due to the government pushback, Worldcoin quickly tried to save its image and respond to the growing criticism by sharing the code behind its Orb scanning device to help people understand how it worked and prove that it wasn’t secretly collecting more data than it claimed.

Furthermore, the company introduced “Personal Custody” to allow users to control their data by storing it themselves or deleting it from the database. Moreover, Worldcoin brought in independent experts to perform third-party audits to ascertain that the company’s technology and policies aligned with the regulations the way Worldcoin claimed.

Despite these efforts, legal and tech experts still have mixed opinions because some say it was the first step toward making things right, while others claim that these efforts were not enough and that the company still has big problems to solve.

Therefore, even after all the changes Worldcoin has made, the gap between what the company claims and what regulators believe remains wide because regulators say the company still needs to explain, fix, and prove more before the uplift bans.

The Indonesian Ministry of Communication and Digital (Komdigi) plans to summon the developers of Worldcoin and WorldID next week. This action follows the temporary suspension of the platforms that collect users’ iris data for alleged regulatory violations.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

The Sui Ecosystem’s Top 3 Altcoin Performers

29/07/2025

Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

28/07/2025

Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

28/07/2025

$1.6 Billion XRP Surge: Here’s What’s Unfolding

28/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Fomoin Partners with Memebridge for Cost-efficient Cross-Chain Transaction, Unlocking Seamless Web3 Applications across Chains

18/09/2025

Ethereum Price Ready to Explode After AI Announcement?

18/09/2025

Spot Bitcoin ETFs Record First Outflow in a Week, Ethereum ETFs Follow With $1.89M Exit

18/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.