We're recovering from Disrupt 2023 and gearing up for the anticipated Sam Bankman-Fried trial, which will begin on October 3. Stay an eye out for lots of coverage from us as it all unravels over a six-week period to determine whether the 31-year-old former CEO of FTX is guilty of seven counts of fraud and conspiracy. In the near future, more is to come.
The crypto community has been interesting and slightly slower in the past few weeks, he said.
Black-hat hackers have struck the industry, yet again. On Sunday, a Hong Kong-based crypto firm, Mixin, lost about $200 million to hackers in a breach. Rekt maintains that the hack on Mixin is the biggest theft in the crypto world in 2023. What is the second largest hack you've ever seen? Katie Haun thinks that now is a good time to invest in crypto.
This week Jacquelyn asked Tiago Sada, head of product for Tools for Humanity and core contributor to Worldcoin, at TechCrunch's Disrupt 2023 in San Francisco.
The Team for Humanity, which is building Worldcoin, raised $115 million in a Series C round back in May with investors like Blockchain Capital, a16z, Bain Capital Crypto and distributed Global. At a valuation of $3 billion, Worldcoin raised $100 million in March 2022.
OpenAI's CEO, Sam Altman, co-founded the project with the aim of creating a worldwide ID, a global currency and an app that enables payments, purchases and transfers with its token.
Since April, Worldcoin has been on a worldwide tour, encompassing major cities like Tokyo, Miami, New York City, and San Francisco. The company has also set up shop in cities such as China, India and Kenya.
We dive into why someone would scan their eyes, alternate options and privacy concerns some skeptics have about the project.
We also spoke about the dangers of the nuclear weapons we were talking about.
The startup wants to verify your ID without storing your personal data.