Features Crypto News by Thebittimes.Com

The new AI identity platform Hollo.AI takes on key topics of transparency, ethical use and content sovereignty in the age of rampant AI-generated deep fakes. The rise of artificial intelligence (AI) has introduced new possibilities for human expression and capabilities to create content. Simultaneously, the ability to do almost anything and to do so with a digital AI-generated identity has caused new problems to troubleshoot.  According to data from Sumsub, deep fake fraud more than doubled from 2022 in the first quarter of 2023 from 0.2% to 2.6%, in the United States. In recent months there have been multiple instances of celebrities like actors Tom Hanks and Jennifer Aniston, and YouTube personality Mr. Beast calling out deep fakes that used their digital fakes to sell products. However, a California-based studio announced the launch of a platform on Nov. 16, Hollo.AI, that allows users to claim their AI- identity or “persona,” along with a personalized chatbot to monetize and ve...

A video shared by Worldcoin co-founder Sam Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. Amid discussions around the falling interest in Worldcoin —the blockchain project dedicated to building a user identity network — its co-founder Sam Altman shared a video that shows people in Japan lined up to give away their iris scans in exchange for “free” Worldcoin (WLD) tokens. A video shared by Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. In exchange, the users are required to provide their identification through an iris scan. day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3 — Sam Altman (@sama) July 26, 2023 “One person getting verified every 8 seconds now,” wrote Altman as he shared the video of people lining up for the Orb. However, Worldcoin has not y...

Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments. The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy and the blockchain ecosystem in Nigeria. The government of Nigeria approved a National Blockchain Policy during a meeting on May 3, 2023. A policy draft stated that blockchain and decentralized ledger technology would “facilitate the development of the Nigerian digital economy.” Cointelegraph contacted the local blockchain ecosystem to understand how the industry and the community accept the policy.  Olajide Abiola, the co-founder and CEO of KiaKia — a Nigerian fintech company — expressed delight at the development. Olajide said the blockchain technology policy...

RNS.ID’s on-chain KYC solution is designed on a “privacy engine” to encrypt users' data. RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated in a release shared with Cointelegraph that its on-chain KYC solution is designed on a “privacy engine” to encrypt users' identity attributes or properties into different “hashed slices” with multiple signature verifications. RNS.ID aggregates users’ fragmented identity properties Data and uses ZK-proofs to generate encrypted proofs from metadata. Additionally, the company stated that RNS.ID enables users to create their own "minimal disclosure identifying information system" for constrained usages, thereby preventing a breach of personal Data and reducing the chances of identity theft.  zkEVM’s integration with RNS.id aspires to enable self-sovereignty-based solutions in...