{"id":561286,"date":"2023-11-18T09:30:22","date_gmt":"2023-11-18T09:30:22","guid":{"rendered":"https:\/\/wncen.com\/?p=561286"},"modified":"2024-06-11T08:32:43","modified_gmt":"2024-06-11T08:32:43","slug":"worldcoin-wld-crashes-by-11-as-openai-pushes-out-sam-altman","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/worldcoin-wld-crashes-by-11-as-openai-pushes-out-sam-altman\/","title":{"rendered":"Worldcoin (WLD) Crashes By 11% As OpenAI Pushes Out Sam Altman"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Worldcoin (WLD) experienced a sharp decline in its market price on Saturday after its founder, Sam Altman, was removed as the CEO of popular artificial intelligence company OpenAI. This development follows <a href=\"https:\/\/wncen.com\/all\/worldcoin-meltdown-50-crash-caused-by-mounting-data-privacy-paranoia\/\" target=\"_blank\" rel=\"noopener \">the heavy regulatory scrutiny<\/a> on the crypto project due to privacy concerns.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/altcoin\/regulatory-pressure-mounts-on-worldcoin-can-wld-price-recover\/\" target=\"_blank\" rel=\"noopener \">Regulatory Pressure Mounts On Worldcoin, Can WLD Price Recover?<\/a><\/div>\n<h2><strong>OpenAI Votes Out Sam Altman, Cites Loss Of Confidence<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In a shocking development on Friday, OpenAI <a href=\"https:\/\/openai.com\/blog\/openai-announces-leadership-transition\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> a leadership change, stating that Sam Altman will immediately exit the company as its CEO.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this statement, the company expressed its gratitude to Altman for contributing immensely to their development during his four-year tenure as their global leader.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, after an intense review process by the board of directors, it was concluded that the Worldcoin founder had not been fully honest in his exchanges with the board, leading to a loss of confidence in his ability to continue his duties as CEO.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following Altman\u2019s departure, Mira Murati, OpenAI\u2019s chief technology officer, will now act as interim CEO pending the appointment of a permanent successor.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, as one could expect, Altman\u2019s removal as OpenAI CEO, combined with the scathing statements in the company\u2019s announcement, has created a negative sentiment around the Worldcoin project.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/coinmarketcap.com\/currencies\/worldcoin-org\/\" target=\"_blank\" rel=\"noopener nofollow\">data from CoinMarketCap<\/a>, WLD is currently down by 12.75% over the last 24 hours. Meanwhile, the token\u2019s daily trading volume has managed to remain afloat with a 15.13% gain.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/altcoin\/binance-announces-listing-worldcoin\/\" target=\"_blank\" rel=\"noopener \">Binance Announces Listing Of Sam Altman\u2019s Worldcoin, Opens Deposits<\/a><\/div>\n<h2><strong>What Next For Worldcoin?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Worldcoin was officially launched in July with the goal of creating the largest digital identity and financial network. The project relies on the use of iris-scanning orbs to physically admit new members, prompting concerns about privacy, anonymity, and user data protection.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After Altman\u2019s departure from OpenAI, there are currently speculations on Worldcoin\u2019s future trajectory. Clearly, Worldcoin benefited from Altman\u2019s visibility as OpenAI\u2019s CEO, as reflected in the token\u2019s current downtrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, WLD gained by over 25% in October, with many analysts citing anticipation of the OpenAI developer conference in November as the driving force.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Therefore, the removal of Altman from OpenAI may not bode well for Worldcoin in terms of credibility and public investor sentiments. On the other hand, Worldcoin could soon recover from its market slump and rise to higher heights despite this new challenge.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following its public official launch in July, Worldcoin came under much criticism from global regulators who expressed concerns over operations in regard to the collection of data using iris scanning orbs and the potential applications of user data.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, Worldcoin has been suspended from Kenya, while the <a href=\"https:\/\/wncen.com\/altcoin\/uk-regulator-to-enquire-about-worldcoin-as-wld-declines-by-17-one-day-post-launch\/\" target=\"_blank\" rel=\"noopener \">governments of the United Kingdom<\/a> and Germany have opened investigations into the project\u2019s operation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the crypto project has remained resilient despite these regulatory hurdles, marking a milestone of 4 million app downloads and 1 million monthly active users, as reported earlier in November.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, WLD trades at $1.85, with a 0.86% decline in the last hour. Meanwhile, the token\u2019s market cap stands valued at $211.37 million.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large\" src=\"https:\/\/www.tradingview.com\/x\/nZqFb0cc\/\" alt=\"Worldcoin\" width=\"1480\" height=\"893\"><\/p>\n<pre style=\"text-align: center\">WLD trading at $1.874 on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/?symbol=BINANCE%3AWLDUSDT\" target=\"_blank\" rel=\"noopener nofollow\">WLDUSDT chart on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from The Independent, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Worldcoin (WLD) experienced a sharp decline in its market price on Saturday after its founder, Sam Altman, was removed as the CEO of popular artificial intelligence company OpenAI. This development follows the heavy regulatory scrutiny on the crypto project due to privacy concerns. Related Reading: Regulatory Pressure Mounts On Worldcoin, Can WLD Price Recover? OpenAI Votes Out Sam Altman, Cites Loss Of Confidence In a shocking development on Friday, OpenAI announced a leadership change, stating that Sam Altman will immediately exit the company as its CEO.\u00a0 In this statement, the company expressed its gratitude to Altman for contributing immensely to their development during his four-year tenure as their global leader.\u00a0 However, after an intense review process by the board of directors, it was concluded that the Worldcoin founder had not been fully honest in his exchanges with the board, leading to a loss of confidence in his ability to continue his duties as CEO. Following Altman\u2019s departure, Mira Murati, OpenAI\u2019s chief technology officer, will now act as interim CEO pending the appointment of a permanent successor. However, as one could expect, Altman\u2019s removal as OpenAI CEO, combined with the scathing statements in the company\u2019s announcement, has created a negative sentiment around the Worldcoin project.\u00a0 According to data from CoinMarketCap, WLD is currently down by 12.75% over the last 24 hours. Meanwhile, the token\u2019s daily trading volume has managed to remain afloat with a 15.13% gain. Related Reading: Binance Announces Listing Of Sam Altman\u2019s Worldcoin, Opens Deposits What Next For Worldcoin?\u00a0 Worldcoin was officially launched in July with the goal of creating the largest digital identity and financial network. The project relies on the use of iris-scanning orbs to physically admit new members, prompting concerns about privacy, anonymity, and user data protection. After Altman\u2019s departure from OpenAI, there are currently speculations on Worldcoin\u2019s future trajectory. Clearly, Worldcoin benefited from Altman\u2019s visibility as OpenAI\u2019s CEO, as reflected in the token\u2019s current downtrend. Notably, WLD gained by over 25% in October, with many analysts citing anticipation of the OpenAI developer conference in November as the driving force.\u00a0 Therefore, the removal of Altman from OpenAI may not bode well for Worldcoin in terms of credibility and public investor sentiments. On the other hand, Worldcoin could soon recover from its market slump and rise to higher heights despite this new challenge.\u00a0 Following its public official launch in July, Worldcoin came under much criticism from global regulators who expressed concerns over operations in regard to the collection of data using iris scanning orbs and the potential applications of user data.\u00a0 Notably, Worldcoin has been suspended from Kenya, while the governments of the United Kingdom and Germany have opened investigations into the project\u2019s operation.\u00a0 However, the crypto project has remained resilient despite these regulatory hurdles, marking a milestone of 4 million app downloads and 1 million monthly active users, as reported earlier in November. At the time of writing, WLD trades at $1.85, with a 0.86% decline in the last hour. Meanwhile, the token\u2019s market cap stands valued at $211.37 million. WLD trading at $1.874 on the daily chart | Source: WLDUSDT chart on Tradingview.com Featured image from The Independent, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":561296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87502,88732,88235,88685,83778],"class_list":["post-561286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chatgpt","tag-openai","tag-sam-altman","tag-wld","tag-worldcoin"],"acf":[],"yoast_head":"\n<title>Worldcoin (WLD) Crashes By 11% As OpenAI Pushes Out Sam Altman<\/title>\n<meta name=\"description\" content=\"Worldcoin (WLD) experienced a sharp decline in its market price on Saturday after its founder, Sam Altman, was removed as the CEO of OpenAI.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. 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