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The Superintendence of Data Protection, Ecuador’s data protection agency, stated that it lacks the resources needed to assess the compliance of Worldcoin, the biometric and universal basic income (UBI) project, with the country’s laws. The head of the institution, Fabrizio Peralta-Diaz, lamented this situation, stressing that it needed access to the necessary tools to examine … Read more
A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill … Read more
TON Society announced a proof-of-personhood program targeting Telegram users, who can voluntarily scan their palms in exchange for benefits. The organization allocated 1 million TON for this initiative, distributed among 500 million participants in the next 5 years after completing their palm verification using Humancode’s artificial intelligence (AI) biometric tech. TON Society Announces Digital Identification … Read more
Worldcoin, a project co-founded by Sam Altman, who is also a co-founder of artificial intelligence (AI) startup Openai, announced the launch of World ID, a digital proof of personhood ID protocol. The protocol allows for an AI-resistant verification of humanness online, using a device called the orb to scan the iris of each person for … Read more
Having a password on our devices to keep our data away from prying eyes has been a part of personal tech for a very long time. But the age of passwords and pins is shifting to biometric security – that is tech that can recognize your face, voice, DNA, fingerprint, and other physical features that … Read more
Medici Ventures, a blockchain/crypto specific division of Overstock.com, has acquired Bitsy.com in an effort to finally merge the worlds of online retail with decentralized, digital cash facilitated by the Bitsy’s new biometric wallet. The Crypto Winter, assuming it ends at some point, might be best defined by what companies in the space did to prepare for … Read more
In recent news pertaining to cryptocurrency exchanges, DDM Bitcoin has launched biometric authentication for Android users of its app, Fxcoin has hired former Deutsche Bank AG employee, Yasuo Matsuda, as a senior strategist, and Ironfx has estimated the company’s upcoming virtual currency exchange will launch during the fourth quarter of 2018. Also Read: Satis Predicts Market … Read more
