Worldcoin, a cryptocurrency project, announced that it will stop paying its Orb Operators in USD Coin (USDC) and will instead pay them in its native Worldcoin (WLD) token starting as early as November. This change is part of a transitional phase following the project's official launch in July. Worldcoin also extended the expiration date of its loans to market makers, reducing the amount of WLD to be returned or purchased. The price of the WLD token has experienced fluctuations since its launch, reaching an all-time high of $2.65 in July and currently trading at $1.64.
Bitcoin opens Tuesday down 3% at $29,179, while Worldcoin's WLD token surges 30% in the last 24 hours. Altcoin dominance has reached a multi-month high, with bitcoin's volume dominance declining to its lowest level since April. Ethereum co-founder Vitalik Buterin raises concerns about Worldcoin's real-world privacy and centralization implications. Bitcoin investment products experience a $13 million outflow, while smaller cryptocurrencies like ether and Ripple's XRP gain favor. Bitcoin mining is on the rise, with the hashrate increasing five-fold since June 2021. Worldcoin launches its WLD token and mainnet, while Hong Kong lawmaker Johnny Ng invites Coinbase to the city. Russia's President Putin signs a law enabling the possibility of a central bank digital token.
