- Data privacy issues with Worldcoin have prompted investigations and suspensions in Spain, Germany, and other countries.
- Worldcoin has agreed to halt all data collection in Spain until the end of 2024.
- Despite these challenges, Worldcoin's user base and transaction volume continue to grow.
- In the short term, Worldcoin's outlook appears bearish.
- However, due to user growth and potential technical breakouts, Worldcoin's price could potentially increase by at least 114%.
Since its official debut in 2023, Worldcoin has faced significant scrutiny from governments worldwide. This human identity project is currently under investigation by data protection authorities in Germany, Spain, Hong Kong, Kenya, India, and numerous other countries.
Let's explore the latest developments surrounding Worldcoin and assess whether its native cryptocurrency, $WLD , is truly on the brink of collapse.
The Spanish Data Watchdog’s Decision
One of the most notable legal challenges for Worldcoin has emerged from Spain. Recently, Worldcoin consented to suspend all operations within Spain until the end of the year. This decision could potentially set a precedent, as other nations may follow Spain's example.
The Spanish Agency for Data Protection (AEPD) announced this agreement in a press release, stating that Worldcoin is now prohibited from collecting, processing, or transmitting human data within Spanish borders. This suspension will remain in effect until the ongoing investigation reaches a conclusion.
Moreover, Worldcoin is also under scrutiny by the German data protection agency of Bavaria, the Bayerische Landesamt für Datenschutzaufsicht (BayLDA). The BayLDA is conducting an active investigation to ensure that Worldcoin complies with data protection regulations. Many European data regulatory bodies are closely monitoring Worldcoin, raising concerns about the project's long-term viability.
Worldcoin’s Response
In response to these regulatory challenges, Worldcoin has implemented several measures to address compliance issues. These include open-sourcing its biometric data system, deleting old iris scans, and allowing users to securely manage their data. Additionally, Worldcoin has introduced methods to verify the age of its users.
Despite these efforts, Worldcoin continues to face regulatory pressure, such as the recent directive from Hong Kong authorities to cease all operations involving face and iris scans.
Interestingly, despite these hurdles, Worldcoin has shown resilience. In April 2024, the project achieved an all-time high of approximately 10 million users and 70 million transactions.
Furthermore, Worldcoin has launched its own blockchain, the "World Chain," signaling a commitment to growth despite the regulatory challenges.
Is $WLD Finished?
According to CoinMarketCap, Worldcoin's value has increased by about 4% over the past day, though it remains bearish on weekly and monthly charts.
Worldcoin's price movements suggest a period of consolidation above an ascending trendline. The Relative Strength Index (RSI) indicates that the bulls may have a chance to counteract the bearish trends. A potential price surge could see Worldcoin's value increase by as much as 114%, potentially reaching the $12 mark.
Conclusion
Worldcoin is navigating a complex regulatory landscape but continues to demonstrate significant growth and resilience. While the future of WLD is uncertain, its current trajectory and user engagement indicate that it may not be finished yet.
Disclaimer
Voice of Crypto strives to provide accurate and timely information but is not responsible for any omissions or inaccuracies. Cryptocurrencies are highly volatile financial assets; please conduct your own research and make informed financial decisions.

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$WLD

So far, the bulls have held the fort against the bears, and have even managed to push the total crypto market cap upwards by another 0.23% from $1.41 trillion yesterday, to $1.42 trillion.
According to the crypto market heatmap though, the bears appear to literally be giving the bulls a "run for their money".

For some reason though, the amount that traders have lost to liquidations over the last day has spiked from about $70 million yesterday, to $117 million.

So far the amount of liquidations on Ethereum and Bitcoin and Ethereum take the cake, with the bears suffering the most loss on both.  

Bitcoin’s Squeeze Continues
Bitcoin continues to trend back and forth between a minor ascending trendline on its daily chart, and the $38,000 zone.

This, of course, has formed an ascending triangle on Bicoin’s daily chart. It also means that the Bitcoin bulls continue to buy Bitcoin back at higher and higher prices, every time the bears cause a price rejection from $38,000.
Before long, there bulls and bears will run out of space within this triangle and will be forced to let Bitcoin breakout/breakdown in either direction. This direction is likely to be $38,000.  

Ethereum’s Bulls Advance
Ethereum's bulls are advancing closer each day, towards the $2,150 zone.

Over the last day, the cryptocurrency advanced by more than 1% but was rejected again at around $2,066.
Today, however, the bulls have wasted no time in pushing Ethereum further up to $2012 where it now sits. With an extra 7% increase, we can see Ethereum retest and break past $2,150 once again.  

Worldcoin (WLD) Is About To Explode
Worldcoin has been bullish over the last few months and has even been trading inside an ascending trendline ever since.

Over the last three days, the bulls have launched several attacks on the upper trendline of this formation. This indicates that they are looking for an opening, and will waste no time in initiating a breakout as soon as they find one.
Worldcoin is currently up by about 1.57%, at around $2.38 per token. And before long, we might see a $3 WLD or higher.  

What’s Up With Binance Coin (BNB)?
For some reason, Binance Coin (BNB) is up by about 5.37% and is trading at $2.58% over the last day. BNB is also the #1 hottest cryptocurrency on Binance (predictably, but for good reason).

However, the cryptocurrency is at a serious turning point. In the charts, we can see that BNB’s +5% rally only brought it into a retest of the $2.59 resistance.

This opens up a huge door of opportunity for traders willing to take the risk and go long on BNB.

If the cryptocurrency breaks through $259, we are likely to see a 40% rally that takes BNB straight up to about $340.  

Smooth Love Potion…
Smooth love potion, or $SLP is a token from the Axie Infinity gaming ecosystem. And over the last day, we have recorded a 17% price rally on the cryptocurrency.

It turns out that SLP broke through $0.002 in late October, and promptly declined for a retest of this zone. SLP’s 17% price rally over the last day is the rebound move that comes after the retest, and SLP will need to break past $0.002976 to fully confirm this rebound.  
#BTC #ETH #BNB #Wld #SLP
$BNB $WLD

- Introducing The Humanity Protocol, a groundbreaking project poised to disrupt Worldcoin's blockchain iris-based ID verification system through palm scanning technology.
- Built on Polygon for enhanced scalability and security, The Humanity Protocol boasts cost-effectiveness and resilience against Sybil attacks.
- The implementation of palm scans by The Humanity Protocol presents a non-intrusive alternative to Worldcoin's iris scanning method.
- Despite its innovation, Worldcoin continues to grapple with criticism and regulatory bans due to privacy issues and perceived security risks.
- In summary, both The Humanity Protocol and Worldcoin represent significant advancements in the burgeoning field of ID verification.

Worldcoin made headlines upon its launch, introducing a new era in blockchain-based identity verification. However, the journey has been far from smooth for WLD due to its somewhat intrusive methods of identity validation.
In response to the challenges faced by Worldcoin, the Human Institute and Animoca Brands have joined forces to create the "Humanity Protocol." This collaborative project seeks to disrupt WLD's dominance in the realm of identity verification.
Palms Versus Eyes: A Shift in Approach
The Humanity Protocol introduces a novel approach by utilizing palm recognition instead of the controversial iris scanning employed by Worldcoin. This shift aims to provide a more user-friendly and privacy-conscious alternative.
The project distinguishes itself from Worldcoin through its choice of technology and methodology. While Worldcoin operates on its own blockchain, the Humanity Protocol leverages Polygon, a popular Ethereum Layer 2 solution known for its affordability and security features.
A Non-invasive Solution on Polygon
The Humanity Protocol employs a "Proof of Humanity" consensus mechanism, ensuring identity validation without compromising personal information. Users simply need to scan their palms with a smartphone camera, receiving a cryptographic key linked to their identity. This stands in stark contrast to Worldcoin's iris scanning, which raises concerns about privacy and potential exposure of sensitive data.
Currently in the testnet phase, the Humanity Protocol plans to invite users to join its network soon.
Worldcoin's Challenges and Criticisms
Worldcoin has faced considerable challenges, with critics questioning the protocol's security and anonymity claims. Even figures like Vitalik Buterin and legal professionals like John Deaton have expressed skepticism, citing concerns about backdoors in the iris-scanning hardware and regulatory uncertainties.
Regulatory challenges have led to Worldcoin being banned in countries like Kenya and Germany, with the project suspended in India due to overcrowding and chaos at iris-scanning sites.
The Future of Digital Identity
The competition between Worldcoin and The Humanity Protocol signals a healthy rivalry, fostering innovation in the digital identity space. Both projects aim to deliver financial inclusion, voting rights, and social welfare, albeit through different approaches.
As the digital identity landscape evolves, users will play a pivotal role in deciding the merits of each project and determining their preferred identity verification solution. The ongoing developments in this niche are poised to significantly impact the quality of identity verification and shape the future of human society.
Disclaimer: Voice of Crypto strives for accuracy in information dissemination but disclaims responsibility for any missing facts or inaccuracies. Given the volatile nature of cryptocurrencies, users are encouraged to conduct thorough research and make informed financial decisions.

#Worldcoin #Wld #cryptocurrency #Crypto2024
$WLD