Chair

Worldcoin

Rise

<ul> 
 <li>Worldcoin co-founder Alex Blania’s refusal to disclose the token’s distribution model has raised concerns among potential investors.</li> 
 <li>Renowned crypto lawyer John Deaton suggests that Blania’s evasiveness should be a red flag for potential investors.</li> 
 <li>Despite the controversy, Worldcoin’s WLD token has been listed on top exchanges, but its price has seen a significant drop.</li> 
</ul> 
<p>The Worldcoin project, a brainchild of OpenAI’s Sam Altman and Alex Blania, has been thrust into the limelight following Blania’s reluctance to shed light on the token’s distribution model during a Bankless interview. This reticence, attributed to regulatory ambiguity in the U.S., has sparked concern among the crypto community, including prominent lawyer John Deaton.</p> 
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   <p lang="en" dir="ltr">Wtf did this dude just say? Did he literally say that he can’t talk about how WorldCoin is distributed “because of the regulatory uncertainty” in the United States? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f926-200d-2642-fe0f.png" alt="🤦‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>If there was ever a signal to RUN AWAY as fast as you can from a project, HERE IT IS. Is he saying he can’t… <a href="https://t.co/e2f7V7pxTa" rel="noopener noreferrer nofollow">https://t.co/e2f7V7pxTa</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1683550906615316480?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2023</a> 
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<p>Deaton, who is known for representing a group of XRP holders, was quick to respond to the interview clip, cautioning potential investors about Blania’s evasive responses. He also took a swipe at the SEC and its Chair Gary Gensler for their role in fostering the prevailing regulatory uncertainty in the crypto space.</p> 
<p>Furthermore, Worldcoin has been on the receiving end of a <a href="https://twitter.com/ki_young_ju/status/1683431610027503616" target="_blank" rel="noopener noreferrer nofollow">barrage of criticism</a> from industry insiders and the broader crypto community since its launch on July 24. The project has been labeled a scam and an illegal operation by Ki Young Ju, the founder and <a href="https://twitter.com/ki_young_ju/status/1683445763475664898" target="_blank" rel="noopener noreferrer nofollow">CEO of CryptoQuant</a>. Yet, in the face of this controversy, Worldcoin’s WLD token has found support from numerous crypto exchanges.</p> 
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<p>Worldcoin’s mission is to distinguish humans from AI on the internet. It employs an ‘Orb’ mechanism that scans users’ irises to authenticate their human identity. Once verified, users are granted a digital identity and rewarded with the WLD token. However, U.S. citizens are barred from engaging with the Worldcoin platform or possessing the WLD token.</p> 
<p>Ju took issue with Worldcoin’s opaque tokenomics and its unsustainable incentive strategy. He also ridiculed Altman’s ambition to launch WLD as a Bitcoin replacement. Deaton echoed Ju’s sentiments, criticizing Blania for his failure to disclose the token’s distribution model.</p> 
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  <blockquote class="wp-embedded-content" data-secret="k2yFpu3PTc"> <a href="https://cryptonewsland.com/worldcoin-wld-price-analysis-will-wld-hit-100-after-binance-listing/" rel="noopener noreferrer nofollow">Worldcoin (WLD) Price Analysis: Will WLD Hit $100 After Binance Listing?</a> 
  </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" title="“Worldcoin (WLD) Price Analysis: Will WLD Hit $100 After Binance Listing?” — Crypto News Land" src="https://cryptonewsland.com/worldcoin-wld-price-analysis-will-wld-hit-100-after-binance-listing/embed/#?secret=EjxWQfq2Wa#?secret=k2yFpu3PTc" data-secret="k2yFpu3PTc" width="600" height="338" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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<p>Despite the backlash, Worldcoin’s WLD token has secured listings on leading exchanges such as Binance, Kucoin, and Gate.io. However, the token’s price has suffered a significant slump, currently trading at $2.19, marking a 0.7% increase over the past 24 hours.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/worldcoin-wld-price-analysis-will-wld-hit-100-after-binance-listing/" rel="noopener noreferrer nofollow">Worldcoin (WLD) Price Analysis: Will WLD Hit $100 After Binance Listing?</a></li> 
 <li><a href="https://cryptonewsland.com/openai-ceos-crypto-project-worldcoin-goes-live-should-you-buy-or-not/" rel="noopener noreferrer nofollow">OpenAI CEO’s Crypto Project Worldcoin Goes Live, Should You Buy or Not?</a></li> 
 <li><a href="https://cryptonewsland.com/worldcoins-18-7b-valuation-a-meteoric-rise-toppling-titans-ada-matic-sol-doge/" rel="noopener noreferrer nofollow">Worldcoin’s $18.7B Valuation: A Meteoric Rise Toppling Titans ADA, MATIC, SOL, DOGE</a></li> 
 <li><a href="https://cryptonewsland.com/sam-altman-nears-100mn-funding-worldcoin-crypto/" rel="noopener noreferrer nofollow">OpenAI’s Sam Altman Nears $100M Funding Round for Worldcoin Crypto Project</a></li> 
 <li><a href="https://cryptonewsland.com/binance-audit-findings-raise-red-flags-analyst-says/" rel="noopener noreferrer nofollow">Binance Audit Findings Raise Red Flags, Analyst Says</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/xrp-pro-lawyer-and-on-chain-analytics-ceo-pin-worldcoin-as-red-flag-investment/">XRP Pro Lawyer and On-Chain Analytics CEO Pin WorldCoin as Red Flag Investment</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Pro Lawyer and On-Chain Analytics CEO Pin WorldCoin as Red Flag Investment

Crypto News Land

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