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Discover the latest on Worldcoin’s iris scanning tech in Malaysia, major upgrades in Optimism (OP Coin), and explosive trends in the crypto space. Stay informed with our detailed analysis and insights.
Malaysia is taking steps to enhance its digital infrastructure through its applied research agency, MIMOS Berhad. Worldcoin Foundation, Tools for Humanity (TFH), and MyEG are collaborating closely to implement Worldcoin protocols and TFH’s Proof of Personhood (PoP) technology. This ambitious partnership aims to improve digital identification by leveraging iris scanning technology. The initiative will give individuals access to superior proof-of-humanity verification, further securing digital identities in an increasingly digital world.
The Solana-based Slerf project has activated its voting mechanism for NFT holders. This move signifies a pivotal step in the governance of the project, allowing NFT holders to propose and vote on future directions via Discord. Each NFT equates to one vote, empowering holders with a direct say in the project’s evolution. This system promotes greater community participation and decision-making authority, reinforcing the democratic ethos within the Slerf ecosystem.
Paypal’s stablecoin, PYUSD, has recently ascended to become the sixth largest stablecoin, reflecting a significant milestone in its market presence. Despite a somewhat stagnant sentiment in the broader crypto market, Bitcoin has shown an approximate 2% increase, nearing the $60,000 mark. PYUSD’s rise highlights PayPal’s growing influence in the crypto-friendly financial landscape, offering a popular choice for digital transactions across borders, bolstered by the company’s reputable service and multi-payment options.
Optimism (OP Coin) sees a substantial upgrade in its main-net, addressing several security vulnerabilities identified by Spearbit, Cantina, and Code4rena during community-driven audits. While no exploitations have been reported, the proactive measures involve upgrading smart contracts and initiating an L2 hard fork to safeguard user assets. This upgrade underlines Optimism’s commitment to security and robustness within the blockchain ecosystem.
According to CoinGecko, Uniswap has emerged as the largest ETH burner in the first half of the year, burning approximately 71,915 ETH. However, the burn rate has seen a significant reduction from the first to the second quarter. Despite this decline, Uniswap’s consistent ETH burning activities have contributed 39.2% of the total ETH burned by the top ten burners in 2024, cementing its position in blockchain sustainability efforts.
RARE token experienced a dramatic surge, surpassing $0.2 and trading at $0.2029 with over a 78% increase in the last 24 hours. This surge followed Binance Future’s launch of the RAREUSDT perpetual contract with up to 50x leverage. The listing on Binance’s futures market has evidently fueled significant investor interest and trading activity, propelling RARE to new heights in the crypto market.
The ongoing advancements in crypto technology and market dynamics underscore the rapid evolution within this space. From Worldcoin’s cutting-edge biometric solutions in Malaysia to Optimism’s proactive security measures, and the impressive rise of PYUSD, these developments provide crucial insights into the future trajectory of the cryptocurrency and blockchain sectors. Investors and enthusiasts alike should remain vigilant and informed to navigate these transformative trends effectively.
The post Worldcoin’s Iris Scanning Technology Expands to Malaysia Amid Key Updates from OP Coin appeared first on COINOTAG NEWS.
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