Orbs(ORBS)

The ProShares Bitcoin Strategy ETF (BITO) has experienced its second-best month since its launch in terms of inflows.

In response to DeFi's liquidity fragmentation challenges, the Liquidity Hub is poised to streamline trading for DEX users.

Worldcoin co-founder Alex Blania, delves into decentralized orb production, the $WLD token launch, and the future of the Worldcoin project.

Manufacturing and operating Worldcoin's iris-scanning orbs could become a decentralized and incentivized process like Bitcoin mining, the co-founder claimed. But experts have concerns about that plan.

Human or an AI bot? Get your eyeballs scanned by OpenAI CEO Sam Altman’s Worldcoin Orbs to prove digital identity and earn cryptocurrency.

In the wake of Worldcoin's recent launch, the project's biometric data collection process has come under the scrutiny of France's privacy watchdog, CNIL. The innovative crypto project, led by ChatGPT-founder Sam Altman, requires users to provide iris scans in exchange for a unique digital ID and, in certain countries, free cryptocurrency. According to a breaking report from Reuters, CNIL has expressed concerns over the legality of this process, particularly the conditions for storing biometric data. The crypto firm had also been recently under the eye of UK's data watchdogs, a few weeks after it disclosed collaboration with Auth0 in Berlin. Worldcoin's Approach to User Identity: A Double-Edged Sword? Worldcoin, which boasts 2.1 million users predominantly from a two-year trial period, operates a global network of 'orbs,' shiny spherical devices capable of scanning users' irises. Despite this novel approach to establishing user identity, or "proof of personhood," the project's method has been perceived as questionable, leading to an investigation by Britain's data regulator this week. CNIL, in response to a Reuters query on Worldcoin, stated that "The legality of this collection seems questionable, as do the conditions for storing biometric data." Further, CNIL's investigations indicated that jurisdiction over the project lies with the Bavarian state authority in Germany, now conducting the investigation with CNIL's support. Worldcoin Foundation's Stance on Privacy Concerns In response to these legal concerns, the Worldcoin Foundation, a Cayman Islands-based entity and self-proclaimed "steward of the Worldcoin protocol," maintains that its project is designed to protect individual privacy. The foundation also claims to have built a robust privacy program and is committed to meeting regulatory requirements. "The Worldcoin Foundation complies with all laws and regulations governing the processing of personal data in the markets where Worldcoin is available," the foundation said in an email. Notably, the regulator sspecified that the project is supervised in the European Union by the Bavarian State Office for Data Protection Supervision and will continue to cooperate with governing bodies on requests for more information about its privacy and data protection practices. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Following the launch of the highly anticipated Worldcoin project on Monday, Hong Kong witnessed hundreds of sign ups, but the WLD token slightly pulled back. How Worldcoin Kicked Off On July 24, a digital identity verification provider called Worldcoin officially started the rollout of its services. The launch of the project was long-awaited in the crypto community and has been talked about since 2021. Worldcoin was co-founded by ChatGPT creator Sam Altman and aims at using the blockchain technology to tackle some AI-related issues. The main platform’s product is World ID, sort of a “digital passport” that can prove that a user online is a real person and not a bot. To get a World ID, one needs to have their iris scanned by a company’s device called Orb at one of the offered locations. So far, Worldcoin made their Orbs available in 35 cities across 20 different countries, with 124 open locations in total. According to the data of the first project’s day, the largest number of people visiting Orbs was registered in Hong Kong. It was reported that around 600 people visited Orbs (200 per one of the three locations) in Hong Kong on Monday, with at least another 500 showing up on Tuesday. Heatherm Huang, co-founder of the Measurable Data Token blockchain firm, one of the three Orb operators in Hong Kong, said that nearly half of the total sign-ups for Worldcoin on Monday was recorded in Hong Kong. That means that around 1,000 people in total had their iris scanned by an Orb on the Worldcoin’s launch day. Compared to the number of 2 million pre-signups for World ID which was achieved on July 13, 1,000 Orb visits on the opening day doesn’t seem like a lot, although it might be too early to draw any conclusions. To encourage more users to register for World ID, the company even promised to give away 25 WLD (equivalent to around 60 USD at the time of writing) to anyone who visits an Orb. So, after getting their iris scanned, one can get both a World ID and 25 WLD in their World App wallet. Worldcoin Faces Criticism Despite all the perks and seemingly good intentions behind the project, Worldcoin has received its share of backlash lately. Many have expressed their concerns over the level of privacy and security World ID can offer. Ethereum co-founder Vitalik Buterin named four main risks related to the Worldcoin’s system, while the UK watchdogs said they would be “making further enquiries” regarding the project. WLD Awaits a Catalyst to Gain Value The WLD token started off at a price of $3.3 on Monday, dropped to $2.1 on the next day, and still hasn’t grown much since then. It looks like the coin needs a push to surpass its $3 mark again. WLD is currently trading at $2.33 according to CoinMarketCap. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Sam Altman’s Worldcoin has surpassed 2 million sign-ups for its World ID program in half the time it took to reach the first million sign-ups. Multi-City Tour Rakes In Sign-Ups Digital identity verification provider, Worldcoin, has achieved a significant milestone in its mission to provide a global identity protocol. The project recently surpassed 2 million sign-ups for its World ID during the beta phase, accomplishing this feat in less than half the time it took to reach the first million. The company announced the news via a blog on July 13 that it received a record number of signups from different parts of the world like Barcelona, Berlin, Buenos Aires, New York, Seoul, and Tokyo, which it credited to its multi-city tour. Furthermore, the statement also revealed that an impressive average of over 40,000 people joined the World ID system weekly, demonstrating the widespread interest and support for this privacy-preserving digital identity solution. World ID Thanks Supporters The Worldcoin community has expressed its gratitude to the builders, integration and composability partners, and the individuals who continuously verify their World IDs. They wrote, “Thank you to everyone who made this milestone possible, from the builders to the integration and composability partners to the individuals verifying their World ID every day. Achieving 2 million World ID sign-ups is more than just an accomplishment for the Worldcoin community; it’s also a significant milestone in the broader global effort to make digitally-verifiable identity more accessible to everyone.” Growing Demand For World ID For billions of people without the means of digitally verifiable identification, the World IDs promise a globally recognized digital identification system wherein users can store their identity information on their mobile devices, safely secured by employing zk-proofs. To enroll in the World ID program and obtain a digital identification document, individuals are required to visit a specialized device called an Orb, through which they can scan one of their irises. This process generates a distinct cryptographic representation referred to as an "IrisHash," which serves to authenticate the individual's uniqueness. Notably, participants who successfully upload their sensitive biometric data are compensated for their participation in the form of a proprietary digital currency known as Worldcoin. To meet the growing demand for verified World IDs, Worldcoin plans to significantly increase the availability of Orbs in the coming months. More information regarding the timing and locations of new Orbs will be shared in due course, ensuring a wider reach for this innovative technology. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BTC/USD Absorbs 26587 Target: Sally Ho’s Technical Analysis – 18 June 2023 Bitcoin (BTC/USD) extended recent gains early in the Asian session as the pair reached the 26783.20 area after Stops were elected above the 26611.97 area, representing the 50% retracement of the recent depreciating range from 28473.93 to 24750. Additional upside retracement levels in this depreciating range include the 27051, 27595, and 27677 areas. Significant Stops were also elected above the 26587.57 area during the climb, an upside price objective associated with buying pressure that emerged around the 24750 and 25143.24 areas. The technical significance of these levels was confirmed when buying pressure emerged around the 26165 area during a pullback, just above another upside price objective around the 26153 area. Below the market, downside price objectives include the 25323.24 and 24680.87 levels. Stops are also cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25094, 23954, 23255, 22278, and 22025 areas. Additional downside price objectives include the 24440, 23208, and 22769 levels. Following recent price activity, areas of technical resistance and potential selling pressure include the 27528, 27737, 27805, 28200, 28473, and 28873 levels. Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243, 29299, and 29284 levels. Above the market, upside price objectives include the 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 100-bar MA (4-hourly)andbelow the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the200-bar MA(4-hourly) at 26661.17 and the200-bar MA(Hourly) at 25913.83. Technical Supportis expected around24440.41/ 23270.10/ 22769.39 withStopsexpected below. Technical Resistanceis expected around31986.16/ 32989.19/ 34658.69 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Decentralized blockchain infrastructure Orbs announced the launch of dLIMIT, an innovative decentralized limit order solution for decentralized exchanges (DEXs), this Thursday. The dLIMIT platform is built atop Orbs’ unique Layer 3 infrastructure, which provides a separate decentralized execution layer between existing Layer 1 and Layer 2 solutions and the application layer. The new dLIMIT platform joins a chain of new products launched on Orbs to enhance decentralization, privacy, and security. Additionally, the platform will guarantee users an optimal and reliable execution layer for limit orders on decentralized exchanges. "The Orbs dLIMIT smart contract offers DEX users an unprecedented ability to execute limit orders at optimal prices with fair fees," says Ran Hammer, Vice President of Business Development for Orbs. Notwithstanding, the novel technology also provides a user interface template, “designed for seamless integration and customization by any DEX” building an intuitive, user-friendly and informative trading experience, Hammer added. dLIMIT platform joins novel technologies built on Orbs infrastructure including the decentralized time-weighted average price platform (dTWAP) that provides a decentralized algorithmic TWAP order tool for DEXs. The latest innovation is built on Orbs’ dTWAP protocol and leverages the latter’s price oracles, which have previously been used on several top DEXs such as Quickswap and Spookyswap. "dLIMIT, backed by Orbs' robust network infrastructure and smart contract, offers DEXs an optimal limit order solution that ensures decentralization, redundancy, reliability, and user protection," a spokesperson from the Orbs’ team adds. Orbs launched in 2017 intending to offer users a public, open, decentralized blockchain infrastructure powered by a network of permissionless validators (Guardians) using Proof-of-Stake (PoS) consensus. The Orbs L3 infrastructure is the backbone of the dLIMIT solution. It allows developers to design applications that extend the capabilities of their smart contracts without relying on traditional centralized server solutions. Additionally, the Guardians on Orbs will validate and approve transactions on dLIMIT. Simply, the Guardians run a tailored function utilizing ORBS-Lambda that acts as the single honest bidder, or "taker", required for the dLIMIT protocol to run optimally. To enhance decentralization, the validators will monitor and validate the transactions on the dLIMIT smart contract and submit an honest bid when an order is open for bids. This will enable traders and users to get minimal transaction and gas fees while the platform finds the DEXs with the best prices. This provides assurance that the limit order set will track spot market prices as closely as possible when being executed. Lastly, the statement confirms that the latest innovation from Orbs is gaining “significant interest” from leading DEXs with multiple integrations in progress Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BTC/USD Absorbs 30000: Sally Ho’s Technical Analysis – 12 April 2023 Bitcoin (BTC/USD) sought to retain recent gains around the 30000 figure early in the Asian session as the pair retained strong momentum after trading as high as the 30457.40 level, its strongest print since early June 2022. Large Stops were elected above the 30127.80 area during the ascent to a multi-month high, an upside price objective related to buying pressure that emerged around the 15460 and 19568.52 levels. Additional Stops were later absorbed above the 30275.12 area during the climb, an area that is linked to buying pressure around the 20233.33 area. Smaller Stops were previously triggered above the 29244.66 and 29639.37 levels during the appreciation, upside price objectives linked to buying pressure that intensified around the 20233.33 and 20370.01 levels. Upside price objectives include the 30763.09, 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 29529, 28955, 28491, 28027, 27887, 27453, 27366, 26918, and 26297 levels. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 28343.09 and the50-bar MA(Hourly) at 28917.67. Technical Supportis expected around28491.20/ 27887.62/ 26297.85 withStopsexpected below. Technical Resistanceis expected around31986.16/ 32989.19/ 34658.69 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Orbs’ single-nominator contract offers independent validation for validators, safeguards against gas attacks and enables stake recovery during emergencies.