THE BOSTON BLOCKCHAIN BEAT EP.12 | Iris scanning and digital IDs?!

[Music] hello everyone my name is Lauren Wixom and welcome to another episode of the Boston blockchain beat where we share news of all things blockchain to the Boston community and Beyond this episode was brought to you by cubic Labs an incubator for Metro Boston's blockchain startup companies and on behalf of the cubic Labs team I would like to invite all blockchain enthusiasts and Beyond to attend Boston blockchain week 2023 if you are interested in listening to some insightful panels Network and have fun with those that are in the blockchain space you can register now at bostonblockchainweek.com now let's get on with today's news decentralized Finance platform curb Finance has officially stated its intention to reimburse users impacted by the recent hack resulting in 62 million dollars worth of losses according to an ex post from its official account ongoing investigations are yielding progress with approximately 79 of the funds successfully recovered the platform also said it would assess each impacted user for a reimbursement this assessment aims to ensure an equitable distribution of resources the incident on July 30th involved malicious actors exploiting vulnerabilities within the release history of curve finances Viper compiler worldcoin project has remained controversial right from its announcement and is currently facing regulatory trouble in multiple jurisdictions where it has launched the iris scanning crypto project worldcoin has now made it possible for even unverified customers to reserve their world coin tokens in an announcement on August 11th the world coin project noted that the world app now offers a reservations feature to make it easier for everyone to reserve their world tokens before verifying their world ID the reservation will be valid for 12 months and users can redeem their reserved World tokens by visiting the iris scanning device called the orb the project has made some bold claims and proposes to solve a utopian problem resulting in a comparison with sci-fi shows such as Black Mirror however the project is already facing multiple investigations and Regulatory troubles for its operations the project was first suspended in Kenya over its data collection methodology the government of Kenya is specifically concerned with World coin collecting crucial identification information like Iris scans in exchange for a digital ID the project is also facing regulatory action in Argentina and the United Kingdom while the project onboarded over 2 million customers before its public launch the response from customers after the launch has been lackluster well that's all the news I have for today again my name is Lauren Wixom and I can't wait to see all of you in the next episode of the Boston blockchain beat [Music]