👁️ OpenAI CEO nears $100M funding for Worldcoin
His iris-scanning crypto project
Hey Waivly Crew! 🌊 Sam Altman is close to raising $100 million in funding for Worldcoin. The U.S. DOJ's crypto enforcement unit plans to crackdown on crypto exchanges facilitating criminal activity.
🎉 Get 50% Off Waivly+ By Joining Today | Offer Ends May 31st 🎉
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you access to Waivly Jobs, Waivly Learn posts, exclusive Web3, NFT, crypto, and tech content, insights, news, and more, all blended into one super low-cost and quick to join membership 🙌 Click here to get onboard and to become a Waivly+ Crew member!
OpenAI CEO Sam Altman to raise $100M for Worldcoin
Worldcoin, the iris-scanning crypto project helmed by OpenAI CEO Sam Altman, is reportedly in “advanced talks” for a fresh investment round worth over $100 million.
A Financial Times report published on Monday, which cited sources with knowledge of Worldcoin’s funding talks, stated that the round is backed by "existing and new investors."
Worldcoin’s previous investment round included funding from Khosla Ventures and Andreessen Horowitz’s (a16z) crypto fund, bringing the project’s valuation to $3 billion.
The firm also closed an a16z-led $25 million Series A funding round in October 2021, with other investors including Digital Currency Group, Coinbase Ventures, LinkedIn co-founder Reid Hoffman, and former FTX CEO Sam Bankman-Fried.
The project, which is still in beta, is reportedly preparing to launch within “the next six weeks.”
Founded by Altman and Alex Blania in 2019, Worldcoin aims to create a global digital currency that is distributed to everyone in the world in a fair and equitable manner.
According to the project’s website, “Worldcoin is building the world’s largest identity and financial network as a public utility, giving ownership to everyone.”
This news comes a week after Worldcoin launched its own gas-free crypto wallet for verified humans. The new wallet, called “World App,” runs on the Polygon network, allowing users to hold and transfer USD Coin, Dai, Ether, Worldcoin, and Wrapped Bitcoin.
Don’t miss out on the Epic Web3 Conference 🔥
Do you want to hear from people working at leading Web3 brands such as ConsenSys, Polygon, Binance, Ledger, Uniswap, POAP and more?
Then join the Epic Web3 Conference to:
— Attend 20+ keynote speeches;
— Network with seasoned Web3 experts
— Get consultations with VCs
— Enjoy the fun-filled party and Lisbon overall!
The best part? As partners, we've got a 15% discount for you. Use the promo code WAIVLY15 at the checkout to get a discounted ticket. But don't wait too long, as prices increase every Friday! Get your ticket now by clicking here.
Why you have to be there:
— Great line-up
Speakers from POAP, Binance, Polygon, Uniswap, Kedger, Zerion, and other cutting-edge companies are waiting to meet you in person!
— Only practical knowledge
Web3 brightest minds will present the most valuable keynote speeches — only growth, no fluff.
— Startup Pitch Competition
Get a chance to present your project to a curated VC jury and get in touch with potential investors
— Startup & VCs 1:1 speed meetings
Receive valuable advice from industry decision-makers
— Сonsultations from founders and builders
Network with Web3 leaders and seasoned experts to get feedback and help
👛 Wallets holding 1 Bitcoin reaches 1 million
👀 Linda Yaccarino is the new Twitter CEO
🚀 Chainlink Automation is live on Optimism
👏 Paul Tudor Jones is sticking with Bitcoin
Discover more Waves in the Waivly Discord. Click here to get onboard! 🌊
Finbeet is a tool for busy traders to invest in crypto. It evaluates trading ideas and traders from TradingView, enabling users to find reliable traders. Finbeet uses AI algorithms to analyze the market, extract opportunities, and reduce risk, saving time.
DexCheck is a state-of-the-art crypto/NFT analysis platform, providing you with every blockchain research tool you need to make strong knowledge-based trading decisions.
De.Fi is World's First Web3 Antivirus & SuperApp. It provides the leading security solutions as well as the opportunity to manage positions on 45+ blockchains, 450+ protocols, and 8+ exchanges - all in 1 place!
US DOJ promises crackdown on crypto exchanges
The U.S. Department of Justice's (DOJ) crypto unit has promised a crackdown on illicit behaviour on trading platforms, the Financial Times reported on Monday.
Eun Young Choi, director of the National Cryptocurrency Enforcement Team (NCET), said the DOJ is targeting crypto companies that engage in crimes themselves or allow crimes like money laundering to happen.
“They're allowing for all the other criminal actors to easily profit from their crimes and cash out in ways that are obviously problematic to us,” she said. "We hope that by focusing on those types of platforms, we’re going to have a multiplier effect."
The NCET also aims to bring more enforcement actions against investment scams, which Choi describes as "pig butchering" schemes, after a Chinese phrase referencing fattening pigs for slaughter, which involve scammers building relationships with victims over a period of months.
Last month, the agency seized around $112 million from six such scams. The Federal Bureau of Investigation (FBI) has estimated that $3.31 billion was stolen from people through investment fraud in 2022, with crypto scams accounting for $2.57 billion of that figure.
Unlock the power of your crypto
Arch is a revolutionary new platform that empowers crypto investors to obtain a single loan collateralized by multiple crypto holdings, all securely held by the leading qualified custodian, BitGo.
At Arch, we adhere to strict regulatory frameworks and never touch customer funds, so you can trust that your investments are safe and secure. Experience instant liquidity now with a fixed-rate term loans at 9% APR against all crypto portfolio.
Join the Arch community today and take your crypto holdings to the next level.
Waivly Jobs Highlights
👩💻 Content Marketing Specialist at Code4rena
👩💻 Senior Product Manager (Compliance) at OKX
👩💻 Growth Marketing Director at Toku
👩💻 DevOps Manager at Cere Network
Share the Waivly newsletter with your friends
That wraps up today's newsletter. Thank you for reading through, and we hope you liked today's content. Know someone else who would enjoy this newsletter just as much as you do? Send them to our website and get them onboard the Waivly Crew. Get more from us on Twitter, Instagram, and LinkedIn.
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, NFT, and crypto content, insights, and news, full access to Waivly Jobs and Learn, and so much more, all blended together into one super low-cost and quick to join membership 🎉 Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 50% off saving on your membership by joining today.
*Waivly+ is the premium Waivly membership. Join at anytime by clicking “Subscribe” on the Waivly website, and cancel anytime by heading to your account on Waivly.
*Waivly is a media partner of Epic Web3 Conference.
*Arch is an advertiser working with Waivly. The Arch section of this newsletter is an advertisement. The content of the advertisement has been provided by Arch.
*Want to advertise with Waivly? Click here to see our Advertisement packages.