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In the early hours on Monday, Sam Altman, CEO of OpenAI and the driving force behind AI models like ChatGPT, launched his latest venture Worldcoin (WLD).

With OpenAI going from a non-profit private organization, to a for-profit private organization in 2019, some questions bear asking: What is Worldcoin? Is it safe? What is it for? Who is it for?

Some of these answers are going to be in Worldcoin's whitepaper its user guide and we'll compare it to crypto stalwarts like Bitcoin BTC/USD and Ethereum ETH/USD to give you a better idea of exactly what Altman's new coin is all about.

Welcome, Worldcoin: The Worldcoin project aims to solve the global-scale challenge of aligning economic incentives and human identity. A small device, referred to as the Orb," is used to scan people's eyes, generating a unique digital identity for each individual, known as a World ID.

A World ID provides proof of personhood a tool considered essential as AI tech blurs the lines between human and machine creations.

In the words of Altman himself, the journey will be challenging and the outcome is uncertain, yet the growing interest in AI might be a favorable tailwind for the project.

Worldcoin's mission, as mentioned in the whitepaper, is to create a globally-inclusive identity and financial network, increasing economic opportunity and paving the way for global democratic processes and potential AI-funded universal basic income (UBI).

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Comparing Worldcoin Its Predecessors: Worldcoin, much like Bitcoin and Ethereum, is a digital asset powered by blockchain technology, but the similarities largely end there.

Where Bitcoin was primarily designed as a peer-to-peer electronic cash system, and Ethereum was conceived to facilitate decentralized applications and smart contracts, Worldcoin sets its sights on a more ambitious goal: Creating a universally accessible proof of personhood that differentiates humans from AI, while also launching a global financial network.

While Bitcoin is issued to secure the Bitcoin network, and Ethereum facilitates the operation of DApps and smart contracts, Worldcoin is issued with the express intent to grow the Worldcoin network, with security inherited from Ethereum. Its novel biometric approach is aimed at providing a reliable way to issue a global proof of personhood in an era of increasingly powerful AI.

Worldcoin Launches With Imperfections: Despite its promising mission and notable backing, Worldcoins journey hasnt been without hiccups. As the project opened signups, it faced criticism for allegedly deceptive practices in countries including Indonesia, Ghana, and Chile, according to a Monday Bloomberg report.

More to that, the current global regulatory climate for cryptocurrencies, characterized by crackdowns and lawsuits, presents a steep challenge for the nascent project.

As said in the whitepaper, Worldcoin consists of a privacy-preserving digital identity network (World ID) built on proof of personhood and a digital currency. Every human is eligible for a share of Worldcoin simply by being human.

The network has been launched on a blockchain called OP Mainnet, and the initial distribution of the Worldcoin crypto token is currently underway.

Projects Potential: Despite early challenges and ongoing uncertainties, Worldcoin represents a bold experiment in the intersection of AI, identity, and finance. The project has considerable potential, promising to increase economic opportunity, democratize global processes, and even create a potential path to AI-funded UBI.

Despite the long and potentially challenging path towards Altmans ambitious targets, especially considering regulatory hurdles, its worth noting the significant strides made by Altman and OpenAI over the past year. Given the impact AI has had on equity markets, Worldcoin is a project worth keeping an eye on.

WLD Price action: Worldcoin is trading at $2.26 per token, according to data from CoinMarketCap.

Now Read: Google Salary Data Leak Shows Staggering Salaries Of Engineers, Managers And Others Heres How Much They Earned in 2022

Photo:TechCrunchon Flickr

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NHLPA appeals Hartman’s 10-game suspension

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NHLPA appeals Hartman's 10-game suspension

NEW YORK — The NHL Players’ Association said Wednesday it has filed an appeal on Ryan Hartman‘s behalf after the Minnesota Wild forward was suspended for 10 games for roughing.

Hartman had 48 hours from the league’s ruling Monday night to decide whether to appeal the ban for slamming an opponent’s head to the ice with his right forearm, the longest for on-ice conduct in more than six years.

The initial appeal goes to NHL commissioner Gary Bettman, who has regularly sided with the Department of Player Safety and disciplinary decisions made by its vice president, George Parros. If Bettman upholds the suspension, Hartman has the right to appeal to a neutral arbitrator.

Hartman is forfeiting $487,805 in salary as part of his fifth career suspension and fourth since 2023. He would get more than $48,000 back for each game it is reduced by, if at all.

Washington‘s Tom Wilson recouped six games worth of salary when his 2018 suspension was reduced from 20 to 14 on appeal to an arbitrator jointly appointed by the league and union, even though he had already served 16.

Hartman, 30, was initially ejected with a match penalty for roughing Ottawa‘s Tim Stutzle late in the second period of the teams’ game Saturday night.

“Hartman contends that he is attempting to use his hand to regain his balance, using Stutzle for support and that their fall to the ice is accidental. We disagree,” Player Safety said in a video announcing the suspension. “With Stutzle bent low and focused on winning the draw, Hartman chooses to take advantage of a vulnerable player in an unacceptable fashion. Hartman intentionally uses his forearm and body weight to drive Stutzle’s head directly into the ice from a height, which makes this play inherently dangerous and unacceptable.”

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UK

Grenfell Tower will be demolished, government confirms

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Grenfell Tower will be demolished, government confirms

Grenfell Tower will be demolished, Angela Rayner has confirmed.

The demolition is expected to take “around two years” and be carried out “sensitively”, the government said.

The official announcement comes after the deputy prime minister met with campaigners to tell them of the decision on Wednesday evening – sparking an angry reaction.

Grenfell United has accused Ms Rayner of “ignoring” the voices of people who lost family in the fire in June 2017, which killed 72 people.

Read more: Grenfell Tower – what happens now?

The disaster was Britain’s deadliest residential fire since the Second World War and began a national reckoning over the safety and conditions of social housing and tower blocks.

There have been discussions over the years about how best to commemorate the tragedy.

Engineering experts have said that while the tower remains stable, and it is safe for people to live, work and study nearby, its condition will worsen over time and there is no realistic prospect of bringing it back into use.

In September last year, the public inquiry into Grenfell found “systematic dishonesty” of firms who made and sold cladding contributed to the horrific fire.

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Anger over Grenfell Tower plans

Why is Grenfell Tower being demolished?

In its announcement of the demolition, the government said Ms Rayner was told by engineers that the tower is “significantly damaged”.

While it “remains stable”, this is due to the supports put in place after the fire.

Engineers said it is also not “practicable” to keep many of the damaged storeys as part of a long-term memorial.

“Taking the engineering advice into account the deputy prime minister concluded that it would not be fair to keep some floors of the building that are significant to some families, whilst not being able to do so for others and knowing that, for some, this would be deeply upsetting,” the government said.

Angela Rayner has confirmed that Grenfell Tower will be demolished. Pic: PA
Image:
Angela Rayner has confirmed that Grenfell Tower will be demolished. Pic: PA

How will the demolition take place?

The government says it wants to take the next steps “respectfully and carefully”, with continued support for the community around Grenfell.

It said no changes will take place before the eighth anniversary of the fire in June this year.

The next step is to find someone to carry out the demolition.

A “specialist contractor” will be found to come up with a “detailed plan” for taking down the tower.

The government estimates it will take around two years to “sensitively take down the tower through a process of careful and sensitive progressive deconstruction that happens behind the wrapping”.

Any leftover materials from the tower and its surrounding communal areas can be carefully removed and then returned as part of any memorial, if the community so chooses, according to the government.

Read more:
How the tragedy happened – minute by minute
Powers to fix fire safety crisis are being ignored

Community reaction

Ahead of the decision being made publicly, Ms Rayner wrote to families, survivors and surrounding residents to tell them of the planned demolition.

The government says it has “prioritised” engaging with the community, and that Ms Rayner has been offering to speak with them and listen to their views for several months. The deputy prime minister also met with community groups, residents’ associations, schools and faith leaders.

These conversations have made it clear the tower “remains a sacred site” – however it is also clear “there is not a consensus about what should happen to it”.

The government said that for some the tower remains a “symbol of all they lost” and helps ensure “the tragedy is never forgotten and can act as a reminder of the need for justice and accountability”.

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The visibility of the tower also “helps some people continue to feel close to those they lost”.

But the announcement added that for some, the tower is a “painful reminder of what happened and is having a daily impact on some members of the community”.

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Major travel disruption in Greater Manchester after car crashes on rail lines and driver arrested

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Major travel disruption in Greater Manchester after car crashes on rail lines and driver arrested

There’s major travel disruption in Greater Manchester after a car smashed through a rail bridge and fell on the tracks.

The incident happened about 2am near Regent Road roundabout in Eccles, Salford.

A man in his 30s was arrested on suspicion of drink-driving and taken to hospital with injuries that aren’t believed to be serious.

No other vehicles were involved.

The road reopened at 7.30am and pictures later showed the car being lifted away, but rail firms said problems were likely for much of the day.

Pic: Manchester Evening News
Image:
Pic: Manchester Evening News

Pic: PA
Image:
Pic: PA

Network Rail’s page on the incident said no trains would run through Eccles until the line is cleared.

It means services between Newton-le-Willows / Wigan North Western and Manchester Oxford Road / Manchester Victoria will be cancelled, revised or diverted.

TransPennine Express services are not running between Liverpool Lime Street and Manchester Victoria.

People going between those cities are advised to travel via Warrington Central instead.

Northern trains are also affected between Liverpool and Manchester Airport, and Chester and Leeds to Manchester Victoria.

Transport for Wales routes from Chester / Llandudno to Manchester Airport / Manchester Oxford Road are impacted, as are Holyhead to Manchester Airport services.

Replacement buses are running in some areas and tickets are being accepted on other services.

Pic: Manchester Evening News
Image:
Pic: Manchester Evening News

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A Network Rail spokesperson said engineers were “assessing the situation in order to repair the damaged cables as quickly as possible” but the line was likely to stay closed for most of the day.

They added: “We’re really sorry to any passengers affected by this incident and urge anyone planning to travel by train between Liverpool and Manchester to plan ahead and check with their train operator for the latest travel information.”

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