ChainCatcher news, according to TheBlock, the Bavarian State Office for Data Protection Supervision in Germany has ordered Worldcoin's human verification project to delete biometric data collected through eye scans. Worldcoin stated that it has changed its processes, and the findings of the German regulators "largely" pertain to "outdated operations and technologies that have been replaced in 2024."The Bavarian State Office for Data Protection Supervision concluded an investigation that began in April 2023, stating in a release on Wednesday: "Worldcoin is obligated to provide a deletion procedure compliant with GDPR (General Data Protection Regulation) within one month after the decision takes effect, and to delete certain previously collected data records without sufficient legal basis."OpenAI CEO Sam Altman stated that measures have been taken in recent months to alleviate regulators' concerns, including transitioning to a system where Worldcoin no longer stores biometric data. To comply with GDPR requirements, the iris codes used to verify individual World IDs will no longer be stored, and previously collected iris codes will be voluntarily deleted, ensuring that no personal data used to operate World IDs is retained.

ChainCatcher news, according to iChainfo monitoring, 60 million WLD (worth 135.9 million USD) have been transferred to the Worldcoin multi-signature address, and these WLD are expected to be transferred to several market makers soon.

ChainCatcher message, Binance announced the completion of Worldcoin (WLD) mainnet integration on October 24, 2024, at 14:00 (UTC+8). Users can now use WLD tokens for deposit and withdrawal operations. Binance stated that users can view their allocated WLD token deposit addresses on the platform.

According to ChainCatcher's message, monitored by on-chain analyst Yu Jin, in the past week, Worldcoin's multi-signature wallet (0xE79...1a3) distributed 5.3 million WLD (12 million USD) to 5 market makers.Since April 29, this multi-signature wallet of Worldcoin has been distributing WLD to market makers. So far, over the past six months, it has distributed a total of 44.9 million WLD (103.27 million USD) to 5 market makers (Wintermute/GSR/Flow Traders/AurosGlobal/Amber), and these WLD came from the Worldcoin Foundation's cold wallet.

ChainCatcher news, according to The Block, the FTX bankruptcy management team is auctioning 22.3 million locked Worldcoin (WLD) tokens at a significant discount, currently valued at approximately $37.7 million. This auction is part of FTX's ongoing efforts to recover funds for creditors. Interested buyers must submit bids by 8 PM Eastern Time on Wednesday, with discounts potentially ranging from 40% to 75%.These WLD tokens will be unlocked daily until 2028, and the auction marks FTX's continued efforts to manage its assets following the sale of Solana and Metaplex tokens. The FTX estate currently holds approximately $594 million in assets, most of which are illiquid FTT tokens.

ChainCatcher news, according to official sources, the Worldcoin Foundation has announced significant improvements to its community funding program, which will simplify the application process and provide more innovative opportunities for builders in the global community.The official statement indicates that the foundation is transitioning to a dynamic, continuous application system, rather than the previous wave-based structure. This shift allows applicants to submit their proposals at any time, eliminating the need to wait for specific funding waves. The updated RFP list continues to emphasize key areas of Worldcoin development, including:World ID Applications: Creative implementations of World ID that demonstrate its potential for secure, privacy-preserving authentication across various use cases.Digital Identity Solutions: Advancing projects for decentralized identity status, exploring new methods of identity verification and user-centric personal data management and control.Growth Initiatives: Proposals aimed at expanding the Worldcoin user base, improving onboarding processes, or creating educational resources to enhance understanding and adoption of Worldcoin.Governance Innovations: Ideas that contribute to the decentralization of Worldcoin, enhance community decision-making processes, or explore new governance models utilizing World ID.Improved Developer Experience and Tools: Projects focused on creating robust SDKs, API enhancements, documentation improvements, or development frameworks that make it easier for builders to integrate and use Worldcoin technology.

ChainCatcher news, according to ZDNet Korea, the Personal Information Protection Commission (PIPC) of South Korea has fined the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws.The Worldcoin Foundation was fined 725 million won (approximately $546,000) for improperly handling sensitive information and transferring it abroad. Tools for Humanity (TFH) was fined 379 million won (approximately $285,000) for violating local regulations regarding the outbound transfer of personal data.The investigation began in February, triggered by complaints and reports that Worldcoin collected biometric data without permission to provide cryptocurrency services.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company BitGo stated that it is filling the gap in the decentralized market by providing a one-stop, regulated, and insured custody platform for seamless digital asset ownership, unlocking, and on-chain activities.It is reported that protocols such as Worldcoin, LayerZero, Sui, and ZetaChain are among the first clients of this service.

ChainCatcher news, Singapore's Deputy Prime Minister Gan Kim Yong announced that the Singapore police are investigating seven individuals suspected of providing Worldcoin account and token trading services. This investigation involves potential violations of the 2019 Payment Services Act.Deputy Prime Minister Gan Kim Yong stated clearly in response to questions from Members of Parliament Rachel Ong and Derrick Goh that, according to data provided by the Monetary Authority of Singapore, Worldcoin does not meet the definition of payment services under the PS Act, and activities involving Worldcoin accounts and token trading may involve payment services.Last month, the police arrested five individuals suspected of providing services to buy or sell Worldcoin accounts and tokens. Three men are suspected of recruiting individuals on behalf of multiple entities to create Worldcoin accounts, which they then controlled in exchange for cash. These assets were subsequently handed over to a fourth man and a woman, who are believed to be involved in the purchase and management of the transfer of these assets. During the operation, the police seized over 200 mobile phones as evidence.The Worldcoin project aims to create a global digital identity, but the collection of its biometric data has raised global privacy concerns. Regulators in France, the UK, Hong Kong, Colombia, and Argentina are investigating this matter.

ChainCatcher news, Worldcoin co-founder and CEO of Tools for Humanity Alex Blania stated during a collective interview at this week's Korea Blockchain Week event that Worldcoin's current focus is on promoting Orbs globally.Blania said: "I think fundamentally, like other networks we've seen over the past few decades (such as Paypal, or even social networks like Facebook), they only become useful after scaling. Therefore, what we are currently concerned about is global distribution and the number of users who have verified and used the service."

ChainCatcher message, Ethereum co-founder Vitalik Buterin expressed his views on social media, stating that Worldcoin has done well in handling identity verification, but still needs to supplement proof of community membership. He pointed out that the project team does not actually want to distribute tokens to random strangers, but rather to those who align with the community's ideals.

ChainCatcher news, the Superintendence of Industry and Commerce (SIC) of Colombia has accused the decentralized identity project Worldcoin, founded by Sam Altman, and its parent company Tools for Humanity of violating the country's personal data protection regulations.The SIC has issued a preliminary prosecution notice, accusing these companies of failing to comply with relevant policies when collecting sensitive personal data. Worldcoin is currently collecting data at 25 locations in Colombia, including the capital Bogotá, using its Orb devices. If found guilty, the SIC may impose economic sanctions on Worldcoin, temporarily suspending or permanently shutting down its operations in Colombia. Worldcoin has not yet responded to the allegations.

ChainCatcher news, according to official sources, Worldcoin stated that a new survey targeting World ID holders in South Korea shows that the vast majority support the Worldcoin project and proof of humanness. Among over 1,100 respondents, more than 90% believe that technologies like "World ID" that distinguish between humans and machines online are necessary. Additionally, 84% of respondents think South Korea should become a global hub for such innovations. According to the same TFH survey, 86% of respondents are already satisfied with using biometric technology for banking, medical services, and device logins. Furthermore, 85% of people stated that Worldcoin could help create a safer and more secure internet, and 88% agreed that Worldcoin technology would have a positive impact on their digital interactions.

ChainCatcher news, the Worldcoin Foundation launches World ID verification in Austria, increasing access to proof of humanness in Europe.