Cryptocurrency News – The weekend started with a mixed reaction from the market as Bitcoin (BTC) led an uncertain trend that is now affecting most altcoins. While this bearish trend affects most altcoins, Worldcoin (WLD) is on a completely different course. At the time of writing, the cryptocurrency is changing hands at $1.54, an increase of 36.93% in the last 24 hours.
Worldcoin's resurgence comes at a time when there is a striking lack of groundwork for the biometrics protocol founded by OpenAI co-founder Sam Altman. In a rare occurrence, the Worldcoin token experienced a massive accumulation overnight, with trading volume increasing by 356% to $424.6 million.
Worldcoin is hitting its stride and seems to be attracting interest from many buyers overall, despite the controversy surrounding its distribution as a digital currency. Sam Altman's visibility and the reward for registering to be scanned by the protocol's Orb explain some of the factors currently fueling a positive trend in Worldcoin's resurgence.
Worldcoin regulatory issues
Recently, Worldcoin has slowly become a crypto project or asset that faces more regulatory troubles than the Binance exchange, the largest trading platform company in the blockchain world.
Regulators in different countries, including Germany, Italy and Argentina, have raised exceptions to data privacy that are deemed non-existent at Worldcoin. The collection of protocol and biometric data has been suspended in some regions, while in others it has come under careful investigation.
With the recent growth, Worldcoin has once again proven its decentralized and permissionless nature with the deep support of its growing global audience.
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