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Worldcoin to cease paying Orb operators in USDC

Worldcoin is set to begin paying its Orb Operators — those rewarded for scanning people’s eyes with its native Worldcoin token, phasing out USD Coin as early as next month.

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Worldcoin is set to begin paying its Orb Operators — those rewarded for scanning people’s eyes with its native Worldcoin token, phasing out USD Coin as early as next month.

According to an Oct. 22 announcement, Worldcoin says Orb Operators — “independent ecosystem participants” tasked with scanning people’s irises in exchange for WLD tokens — will cease to be paid in USDC as of November. The change will affect most jurisdictions.

Worldcoin said the move to pay orb operators entirely in WLD was part of a “transitional phase” following the official launch of the project on July 24. On Oct. 10, the Worldcoin Foundation kicked off a pilot program to grant select operators with payment in WLD tokens.

In the blog post, Worldcoin noted that the Worldcoin tokens are currently not available to people or companies who are living in the United States, as well as “certain other restricted territories.”

Data from Worldcoin’s official Dune Analytics dashboard shows that the supply of the WLD token has grown from approximately 100 million at the time of launch to around 134 million at the time of publication.

According to Worldcoin, a total of five market-making entities received the 100 million WLD loans, which were due to expire on Oct. 24, 2023. However, Worldcoin said that it would extend the expiration date of these loans to Dec. 15, with a reduced amount of 75 million WLD.

The price of Worldcoin’s native WLD token has regained slightly in recent weeks following a somewhat prolonged post-launch slump. WLD reached an all-time high of $2.65 on July 27 before falling 63% to reach as low as $0.97 on Sept. 13. It is currently changing hands for $1.64, according to data from TradingView.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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