Wollito UAB

Solana-based automation protocol Clockwork will be winding up its operations after its founder disclosed the company’s decision to step away from “active development of the protocol.”

Solana-based Protocol Clockwork To Shut Down Despite $4 Million Seed Funding

Nick Garfield, the founder of the protocol announced on Aug 28 the plans of the company to shut its doors by Oct 31 citing opportunity costs and lack of a commercial upside as t...

1 year ago

Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry.

Sichuan Province of China Targets Metaverse Industry Expansion to Reach $34.4 Billion by 2025

Sichuan’s government unveiled an ambitious draft action plan with an aim to cultivate the nascent metaverse industry into a colossal market worth 250 billion yuan ($34....

1 year ago

Binance Labs

Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion

Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking p...

1 year ago

The move comes as several prominent Chinese blockchain executives have been arrested this year.

Chinese police to crack down on crypto and deepfake AI

After a surge in personal identity thefts and digital financial crimes, Chinese police are more closely scrutinizing the Web3 sector. During a press conference hosted by Chin...

1 year ago

Worldcoin crypto currency

German regulator probes Worldcoin crypto currency - Handelsblatt

BERLIN, Aug 8 (Reuters) - Germany's financial regulator Bafin is investigating the digital currency Worldcoin, German business daily Handelsblatt reported on Tuesday. "If a co...

1 year ago

Worldcoin

Cryptoverse: All eyes on ChatGPT-maker's Worldcoin

Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto.

1 year ago

Worldcoin gives people digital coins in exchange for a scan of their eyeballs

Worldcoin suspended in Kenya as thousands queue for free money

The Kenyan government has ordered cryptocurrency project Worldcoin to stop signing up new users, citing data privacy concerns. Worldcoin, founded by US tech entreprene...

1 year ago

Meanwhile, Meta's metaverse-building business has racked up around $21 billion in losses since the start of 2022.

Meta sinks $3.7B in metaverse money pit as CEO eyes Threads user retention

Meta's metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023. Its seco...

1 year ago

Worldcoin, launched by CEO of ChatGPT developer OpenAI, says scheme will distinguish between ‘verified humans’ and AI

New cryptocurrency offers users tokens for scanning their eyeballs

Members of the public are being invited to have their eyeballs scanned by a silver orb as part of cryptocurrency project that aims to use biometric verification to distinguish humans from AI sys...

1 year ago

OpenAI has quietly pulled the plug on its AI Classifier, which aimed to help teachers, professors and others distinguish between human- and AI-written text

OpenAI shutters AI detector due to low accuracy

Artificial intelligence powerhouse OpenAI has discreetly pulled the pin on its AI-detection software, citing a low rate of accuracy. The OpenAI-developed AI classifier was first launch...

1 year ago