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Sam Altman's Digital Identity Initiative, World, Has Officially Launched in the US
The World project, developed with the aim of protecting human identity in the age of artificial intelligence and providing secure access to the digital economy, officially started operating in the United States as of May 1, 2025.This project, supported by Sam Altman, one of the founders of OPENAI, focuses on creating a digital identity with iris scanning technology.US Launch: Orbs Active in 6 Major CitiesAlong with the US launch, World has opened physical centers called “World Space” in Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco.In these centers, users can create their digital identity called World ID by scanning their eyeballs.In addition, this service has also been made available for access in technology stores such as Razer. Oct.The project aims to deploy 7,500 Orb devices across the country by the end of 2025. It was announced that a new manufacturing facility will be established in Richardson, Texas for the production of these devices.Orb Mini: Authentication Is Now MobileWorld also introduced its portable device called “Orb Mini” in order to make eye scanning technology more accessible.This device, which will be the size of a smartphone, will allow users to verify their identity on the go.The Orb Mini is scheduled to be launched in 2026. Orb Mini Financial Integration: Visa Partnership and World CardWorld is aiming to expand not only in digital identity, but also in the field of digital finance.In this context, it is preparing to launch a World branded debit card in cooperation with Visa.With this card, users will be able to spend directly by converting their WLD tokens into fiat currency.In addition, thanks to the agreement with Match Group, identity verification will be possible on platforms such as Tinder.In this way, it is aimed to increase the security in online dating applications.Privacy Concerns and Regulatory ReactionsThe rapid growth of the project has also brought privacy and data protection discussions in some countries.In countries such as Spain, France, Portugal and Hong Kong, official investigations against World have been launched or activities have been suspended.Although World explains that all data is anonymized and stored securely, the collection of biometric data in a centralized system remains at the center of criticism.The Future Vision of the WorldWorld is focused on shaping the future of digital authentication and building human-centered digital security in the age of artificial intelligence.Integration into financial systems with inclusive identity systems can make it possible for individuals to participate in the digital world in a more secure and free way.However, for this growth to be sustainable, the World needs to successfully pass not only technological, but also ethical and regulatory-based exams.The World Opened to the USA, A New Page in Digital Identity BeginsThe US launch of World is not only a technological product introduction; it is considered as the beginning of a new digital identity order.Orb devices may be a turning point in terms of standardization of digital identities and integration with blockchain-supported systems.Authentication, pay systems, online platforms and the global digital economy..At the center of it all is no longer just the username and password, but your pupil.
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1 May 2025
TOKEN2049 Dubai 2025: The Epicenter of the Crypto Ecosystem
TOKEN2049, one of the most prestigious and influential events in the world of cryptocurrency and Web3, is taking the stage in Dubai this year.The event will be held from April 30 to May 1, 2025, at Madinat Jumeirah, bringing together the biggest players in the industry, visionary leaders, investors, and developers.The number of participants is expected to exceed 15,000, with over 4,000 companies and more than 200 speakers. Notably, over 70% of attendees are expected to be C-level professionals, meaning decision-makers.Industry Titans to Speak in DubaiSpeakers at TOKEN2049 Dubai 2025 include global leaders who are shaping the crypto and Web3 ecosystem.Some of the key names featured at the event:Changpeng Zhao (CZ) – Founder of BinanceRaoul Pal – CEO of Real VisionDan Morehead – Founder of Pantera CapitalPaolo Ardoino – CEO of TetherVitalik Buterin – Co-founder of EthereumAnatoly Yakovenko – Co-founder of SolanaIn addition to these names, many fund managers, technical developers, and regulatory experts who are leading the sector will also participate in sessions.TOKEN2049 Is More Than Just a Conference—It's a Weeklong ExperienceThe event isn’t limited to just the main conference days. A full TOKEN2049 Week is being organized from April 28 to May 4, spanning across all of Dubai.Throughout the week, over 500 side events, exclusive meetups, workshops, panels, and networking events will take place.Highlighted events include:Binance ClubhouseCafe GMDeFi in DubaiRaveDAOKarate CombatAll these activities aim to offer a boundary-pushing experience for the Web3 community.AFTER 2049: Closing Party at Be Beach DXBThe event week will conclude with the AFTER 2049 closing party on May 2.Held at Be Beach DXB, this party will bring together leading figures from the industry in a more relaxed and entertaining environment.Combining networking, celebration, and business connections, this finale shows that TOKEN2049 is not just a knowledge-sharing platform but also carries a strong sense of community.Dubai and Singapore: TOKEN2049’s Dual-Hub VisionThe global vision of the event is not limited to Dubai. As always, the second stop for TOKEN2049 will be Singapore. In doing so, the event continues to bridge both the Middle East and Far East of Asia.More Than Just an Event—It's the Stage for the FutureTOKEN2049 is a platform where not only knowledge is shared but visions are built.This gathering in Dubai offers tremendous opportunities for investors, developers, and thought leaders.A must-mark date for anyone looking to shape the future of crypto: TOKEN2049 Dubai 2025.The future of blockchain will be discussed here, and the direction of the crypto world will be drawn here.
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30 Apr 2025
Coinbase Launches Free Conversion to PayPal's PYUSD Stablecoin: The Stablecoin Race Is Accelerating
Coinbase Launches Free Conversion Between PayPal’s PYUSD Stablecoin and U.S. DollarsCoinbase has introduced a free conversion service between PayPal’s stablecoin, PYUSD, and the U.S. dollar, aiming to accelerate the adoption of on-chain payments. This move intensifies competition within the rapidly growing stablecoin market.Coinbase and PayPal Expand Their PartnershipBy offering free, seamless conversion between PYUSD and U.S. dollars to both retail and institutional users, Coinbase is making stablecoin adoption easier than ever.Additionally, Coinbase will integrate PYUSD support across PayPal’s vast commercial network, facilitating the broader use of stablecoins in everyday transactions and promoting the growth of stablecoin-based payment solutions.Stablecoins are gaining attention for offering faster and more cost-effective alternatives to traditional payment systems, particularly in the realm of cross-border transactions, where their usage is witnessing significant growth.Competition in the Stablecoin Market Heats UpThe stablecoin market is rapidly evolving into a massive sector expected to reach a $2 trillion market cap by 2028.According to Standard Chartered estimates, the market, currently valued at around $220 billion, is poised for exponential growth in the coming years.With regulatory developments accelerating in the U.S., competition among stablecoin issuers is intensifying. Binance and Circle have partnered to promote the use of the USDC stablecoin as both a trading pair and a payment method. Circle has also announced a new network for international remittances.Meanwhile, Tether, the market leader with its USDT stablecoin boasting a massive $140 billion market cap, is reportedly exploring the launch of a new stablecoin specifically for U.S. users.PayPal’s PYUSD Continues Its Growth TrajectoryLaunched in 2023, PayPal’s PYUSD stablecoin has already reached a market cap of $860 million. To encourage adoption, PayPal now offers U.S.-based token holders an annual yield of 3.7% on PYUSD holdings.With its new partnership with Coinbase, PYUSD is expected to reach a broader audience across both retail and institutional markets, further boosting the acceptance of stablecoin-based payment systems within the global financial ecosystem.Stablecoin Market Highlights:Coinbase and PayPal launch free PYUSD-to-USD conversionStablecoin market projected to hit $2 trillion by 2028Tether exploring a new stablecoin for U.S. usersBinance and Circle form a partnership to promote USDCPayPal’s PYUSD reaches a $860 million market cap
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26 Apr 2025
Daily Market Summary with JrKripto 26 February 2025
You can access the "Daily Market with JrKripto" summary, where we compile daily important developments in cryptocurrency, global and local markets, below.Come on, let's analyze the general situation in the markets together and take a look at the most up-to-date evaluations.Bitcoin (BTC) is currently trading at $ 89,000. According to technical analyzes, $ 88,000 stands out as a strong intermediate support point, while $ 85,500 is followed as a more critical support level. If the price drops below the $ 88,000 level, a pullback to $ 85,500 may be seen as the selling pressure increases. In upward movements, $ 90,500 is the first resistance zone, followed by $ 92,500 as a larger resistance point. If BTC exceeds these levels and maintains its permanence above them, a new upward wave may begin.Ethereum (ETH) is currently trading at $ 2,480. The $2,500 and $2,650 levels are being monitored as strong resistance points in upward movements. If ETH cannot hold above the $2,400 level, the risk of a pullback to the $2,300 support zone first and then to the $2,200 support zone may increase. However, if the price breaks the $2,500 level and remains above it, an accelerated rise to $2,650 can be expected.Crypto NewsOKX was found guilty of operating as an unlicensed money transmission business and paid a $84M fine.Bank of America announced that it predicts the Fed will no longer cut interest rates this year.$1,590,000,000 was liquidated from the cryptocurrency market in the last 24 hours.SEC Drops Investigation Into DeFi Firm Uniswap LabsGameStop CEO Ryan Cohen said he received a letter from an investor suggesting he buy Bitcoin with the $5 billion in cash on the company's balance sheet.CryptocurrenciesTop GainersIP → Up 38.6% to $6.81.AB → Up 25.9% to $0.01099505.LCX → Up 24.7% to $0.2383915.TIA → Up 24.5% to $3.86.RUNE → Up 22.2% to $1.56.Top FallersBTSE → Down 8.1% to $1.44.FAI → Down 2.9% to $0.02367967.OM → down 2.2% to $7.59.VANA → down 1.4% to $8.87.QAI → down 1.3% to $77.93.Total Daily Net ETF InflowsBTC ETFs: -$937.90METH ETFs: -$50.10MData to Watch Today18:00 | 🇺🇸 US - Energy Information Administration Crude Oil StocksExpected: 2,500MPrevious: 4,633M18:00 | 🇺🇸 US - New Home Sales (January)Expected: 679KPrevious: 698KGlobal MarketsMajor US indices closed with declines led by the technology sector, while the Nasdaq lost 1.35% and the S&P 500 lost 0.47% and ended the last four trading days in the red. The Dow Jones gained 0.37% and was positively separated. The Consumer Confidence Index fell to 98.3, well below expectations of 102.7, and recorded its steepest monthly decline since August 2021. The index continued to decline for three months, while consumers' inflation expectations increased from 5.2% to 6%.Six of the 11 sectors in the S&P 500 lost value, while the essential consumption (1.69%), real estate (1.15%), healthcare (0.86%) and raw materials (0.80%) sectors were positively separated. Telecommunications (1.53%), energy (1.47%) and technology (1.37%) were the sectors that lost the most value. Yields in the bond market continued to decline.While US President Donald Trump made decisions regarding copper imports, the White House announced that this situation was brought to the agenda due to national security reasons. Active maturity copper contracts were traded at a 4.50% premium due to concerns about tariffs on copper trade. Oil prices fell due to weak consumption expectations, and US crude oil fell by 2.65% to $69.Housing prices continued to increase. The FHFA Housing Price Index increased by 0.4% monthly and 4.7% annually in December. The S&P CoreLogic Case-Shiller 20 city index increased by 0.52% monthly and 4.48% annually.The Richmond Fed Manufacturing Index rose from -4 to +6 in February, entering expansion territory after 15 months. The Philadelphia Fed Non-Manufacturing Outlook Survey showed that non-manufacturing activities contracted in February.While Asian indices are on a strong positive track, European markets are expected to start the day on a positive note.Most Valuable Companies and Stock PricesApple (AAPL) → Market value $3.71 trillion, share price $247.04, down -0.02% daily.NVIDIA (NVDA) → Market value $3.1 trillion, share price $126.63, down -2.80% daily.Microsoft (MSFT) → Market value $2.96 trillion, share price $397.90, down -1.51% daily.Amazon (AMZN) → Market value $2.26 trillion, share price $212.80, up 0.04% daily.Alphabet (GOOG) → Market value $2.15 trillion, share price $177.37, down -2.11% daily.Borsa IstanbulSee the February Sectoral Inflation Expectations announced by the Central Bank of the Republic of Turkeye, 12-month ahead inflation expectations changed to 25.3% (0.1% decrease) for market participants, 41.9% (1.9% decrease) for the real sector, and 59.2% (0.4% increase) for households. This situation shows that inflation expectations have declined on the market and real sector side, but households' inflation concerns have increased. The sharp decline, especially on the real sector side, may indicate that producers' cost increase expectations have weakened and that inflationary pressure may ease over time. On the other hand, households' rising inflation expectations indicate that concerns about price increases on the consumer side continue. Borsa Istanbul (BIST100) continued its downward trend. The banking sector was the only sector to stand out positively, while transaction volumes fell and stock-based volatility increased as the maturity date approached. The index closed below critical levels, signaling increased selling pressure. BIST100 is expected to start the day slightly positively, in line with global markets. Yesterday, BIST100 closed at 9452, its second close below the 200-day average. This indicates that the weak trend continues. Falling below 9550 could trigger a more significant decline, and the 9221-8618 range could stand out as the support area. For a short-term recovery, the index needs to rise above 9650-9715.The Stocks That Gained the Most:VSNMD → increased by 9.98% to 84.85 TL.DAGHL → increased by 9.93% to 22.58 TL.AKYHO → increased by 8.66% to 3.01 TL.DMSAS → increased by 7.85% to 7.14 TL.DARDL → increased by 7.83% to 4.82 TL.Stocks That Declined the Most:ARZUM → fell by -89.46% to 3.47 TL.TDGYO → fell by -9.99% to 16.93 TL.ICUGS → fell by -9.97% to 21.14 TL.SUNTK → fell by -7.95% to 39.62 TL.DESPC → fell by -7.01% to 49.84 TL.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 850.9 billion TL market value, 259.00 TL per share price, +1.97% increase.Türkiye Garanti Bankası (GARAN) → 538.86 billion TL market value, 131.3 TL per share price, +2.34% increase.Turkish Airlines (THYAO) → 439.19 billion TL market value, 320.50 TL per share price, +0.71% increase.Aselsan Elektronik Sanayi (ASELS) → 382.13 billion TL market value, 83.70 TL per share price, -0.12% decrease.Koç Holding (KCHOL) → 380.38 billion TL market value, 150.5 TL per share price, +0.33% increase.Precious Metals and Currency PricesGold: 3415 TLSilver: 37.09 TLPlatinum: 1136 TLDollar: 36.46 TLEuro: 38.27 TLHoping to meet again tomorrow with the latest news!
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26 Feb 2025