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Worldcoin (WLD), a cryptocurrency created by OpenAI’s CEO, Sam Altman, reported phenomenal success with its World App. However, its World ID system continues to raise privacy concerns. Its latest update, shared on November 1, reveals a download rate that has surpassed 4 million since launch. And a user base that has doubled, demonstrating a robust uptake by Worldcoin enthusiasts worldwide. Moreover, the company also reported more than 22 million transactions in six months. All were carried out by an average of 1 million monthly active users. Notably, Tools for Humanity (TFH), the company behind Worldcoin’s development, also reported 500,000 weekly active users in the same period. World App now has more than 1 million monthly active users, 4 million download s and 22 million transactions. Not bad for six months 🫡 pic.twitter.com/pagXxTfc8E — Tools For Humanity (@tfh_technology) November 1, 2023 Worldcoin App success: UX and accessibility The app’s growing demand...

Israeli police are accusing Moshe Hogeg of fraud and allege that he was involved in a $290 million crypto scam. They now want state prosecutors to charge him. According to local reports, police claim that Hogeg might have committed multiple crimes, ranging from wire fraud, theft, money laundering, and sex-related offenses where he raised $290 million by primarily scamming investors to participate in fake crypto projects. You might also like: Crypto scams on the rise, government institutions call for regulatory clarity| Weekly recap In November 2021, he was apprehended and placed under house arrest after being linked with multiple crypto scams. Over the course of two years, police thoroughly investigated his involvement in crypto scams in the process interviewing 180 individuals suspects. Law enforcement also confiscated assets and funds in various countries. Hogeg has since denied all allegations, viewing the situation as a grave injustice. He is best known for b...