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 <h2 id="kenya-suspends-worldcoin-crypto-project">Kenya Suspends Worldcoin Crypto Project</h2> 
 <p>Kenya suspended <a rel="noopener noreferrer nofollow" title="Sam Altman" href="https://thebittimes.com/tag/sam-altman.html">Sam Altman</a>’s <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> crypto project amid safety concerns, according to a report by local media on August 2. It became the first country to fully suspend <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> crypto project activities.</p>  
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 <p>Kenya’s Interior Minister Kithure Kindiki said security, financial services, and data protection government agencies have started inquiries and investigations to establish the authenticity and legality of the <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> activities.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">CS Eliud Owalo: We got wind of Worldcoin practices in April and wrote them a letter. </p> 
  <p>There is no provision in law that the organisation has breached. We'll give a comprehensive statement on this today. #AMLiveNTV @zeynabIsmail pic.twitter.com/4PyIPEWOKy</p>  
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  <p>— NTV Kenya (@ntvkenya) August 2, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>More than 350,000 Kenyans had signed up for <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> in exchange for free WLD tokens worth around 7,000 Kenyan shillings ($49.09). <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> has set up stations to collect iris scans from Kenyans to create a digital identity card.</p> 
 <p>People around the world including in Kenya, Germany, Spain, and France are flocking to registration sites to get their eyes scanned through a spherical “Orb”. This has raised concerns among governments and regulators over the implications of data collection by the company. In fact, the company’s AI-based ChatGPT even faced concerns from people.</p> 
 <p><strong>Also Read: Is Crypto Really Banned In China? Binance Users Traded $90 Billion In Crypto</strong></p> 
 <h2 id="crypto-experts-warns-about-privacy-and-security-concerns">Crypto Experts Warns About Privacy and Security Concerns</h2>  
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 <p>The UK Information Commissioner’s Office launched a probe into the <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> project, followed by probes by other countries in Europe. Crypto experts warned the people about several issues in the project that will only harm and has no benefit.</p> 
 <p>Ethereum creator&nbsp;Vitalik Buterin also raised concerns over privacy and security, highlighting poor design, privacy, and security concerns around the Orb, and some of the company’s business decisions.</p> 
 <p>WLD price jumped 3% in the past 24 hours, with the price currently trading at $2.39. The 24-hour low and high are $2.28 and $2.45, respectively.</p> 
 <p><strong>Also Read: Ripple CEO Garlinghouse And Deaton Condemn US SEC For Using XRP Report In Suit</strong></p> 
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ChatGPT Sam Altman's Worldcoin (WLD) Struggles To Survive Government Crackdown

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