↝ **ID Coin Trembles Amid Innovations and Challenges in Digital Identity**

A variety of **cryptocurrency** related information and key events are highlighted recently. **Sam Altman** backed Worldcoin introduces a competitor to Apple's Face ID and is spreading rapidly across Europe, Malaysia and further countries with World ID becoming increasingly more prevalent. Worldcoin’s World ID has also gained bridge to **Solana** via Wormhole, and now allows users to unverify World ID for privacy checks, indicating a wider adoption and thus increased value. However, concerns arise with a potential **ID Coin** price crash due to the unlocking of 61M tokens by Space ID. Other competitors are joining the digital identity trend, with MicroStrategy announcing a decentralized ID platform on Bitcoin named MicroStrategy Orange, and Coinbase soon launching Base ID Tool. This illustrates that the concept of **decentralized identity** is being widely seen as an innovation in crypto space. On a related note, AI researchers believe that ID verification could solve bot problem on the internet. However, risks persist as Fractal ID, another blockchain identity platform, suffered a data breach recently, underscoring the pitfalls of centralized identity. Despite a mixed view on the overall scenario, embracing growth, market adoption and innovation lies ahead for World ID related currencies.

ID Coin News Analytics from Tue, 04 Sep 2018 12:25:58 GMT to Thu, 26 Sep 2024 15:00:00 GMT - Rating 0 - Innovation 8 - Information 3 - Rumor 5