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Worldcoin unveils banking-focused World ID toolkit, fully rolling out deepfake detection for Zoom.

1 hours ago

Identity project World, co-founded by OpenAI CEO Sam Altman, has officially launched a World ID verification product tailored for banks and financial institutions. The suite, unveiled at the Money20/20 conference, marks the project’s first industry-specific custom offering. It integrates three products: the World ID app (an identity wallet for storing user "proofs"), World ID for Zoom (a tool to confirm call counterparts are real humans), and World ID for Agents (AgentKit, which allows users to delegate identity verification to AI agents). World ID for Zoom, after limited testing in April, is now fully available; its lead developer Tools for Humanity has also joined Zoom’s Independent Software Vendor (ISV) program. In terms of implementation partnerships, World said it is exploring use cases for the technology in financial services with design partners including OpenExchange, Bain Capital, VanEck Funds, and Outtake, but did not disclose specific bank clients or pricing details. World highlighted that as AI becomes more widespread, businesses are increasingly requiring users to provide "proof" to mitigate fraud risks. Deloitte projects that U.S. AI-driven fraud losses will reach $40 billion by 2027. Currently, over 18 million people globally hold World’s "Proof of Humanity" credentials. Additionally, the project launched last month the self-custodial app World Money, which covers over 150 countries, and raised $52.5 million via a WLD token sale in July.

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Changxin Technology fell more than 8% in early trading, hitting a low of 41 yuan, marking a recent new low.

According to Bitget market data, Changxin Technology (688825) saw its stock drop more than 8% at the opening, touching a recent low of 41 yuan. As of press time, the stock is down 6.5% at 42.1 yuan. On the news front, Changxin Technology announced on October 16 that it expects its first three-quarter revenue to reach 265 billion to 270 billion yuan, a year-on-year increase of 232.916 billion to 237.916 billion yuan. It also projected net profit attributable to parent shareholders to be between 131 billion and 132.5 billion yuan, up 136.28 billion to 137.78 billion yuan year-on-year. For the same period last year, Changxin Technology (688825) posted revenue of 32.084 billion yuan and a net loss of 5.28 billion yuan attributable to parent shareholders. The company further announced that its chairman Zhu Yiming has proposed a share buyback worth 10 billion to 20 billion yuan, to be used for employee equity incentives, employee stock ownership plans, or registered capital reduction.

7 minutes ago

China's Ministry of Commerce and 9 other departments: Further implement the "AI + Manufacturing" special initiative, and encourage the R&D and application of smart products based on secure and reliable open-source operating systems.

China's Ministry of Commerce and 8 other departments have issued the Opinions on Accelerating the Advancement of Technology-Driven Commerce. The document proposes promoting the iterative upgrading of commodity supply, in-depth implementing the "AI + Manufacturing" special initiative, accelerating the deep integration of artificial intelligence technology with product R&D, design, manufacturing and marketing, and enriching the supply of smart commodities including smartphones, computers, home appliances, wearables and robots. It also encourages the R&D and application of smart products based on secure and reliable open-source operating systems, accelerates the transformation and upgrading of time-honored classic industries to develop renowned high-quality products, builds a contingent of Chinese consumer renowned products by tapping into consumer goods with independent innovation and high quality, vigorously develops technology-driven agriculture to improve the quality and efficiency of high-quality characteristic agricultural products, and promotes the development of time-honored brands through upholding their core values and pursuing innovation, supporting such enterprises to use modern production technologies for product innovation.

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U.S. Ambassador to the European Union warned that if Starlink is restricted, the U.S. will impose "devastating" retaliation against European companies.

US Ambassador to the European Union Andrew Puzder has warned that if the EU moves forward with plans to restrict U.S. competitors such as SpaceX from accessing certain European markets, European firms will face "devastating" retaliation from Washington. The remarks follow the European Commission's earlier proposal to reserve some spectrum resources for domestic European enterprises for smartphone direct satellite connectivity — a move that would limit frequencies available to SpaceX (operator of the Starlink network) and some Chinese companies. Puzder noted that given the sheer size of the U.S. market, European companies "should be alert to this scenario unfolding, as it would be devastating for them. You cannot make European firms more competitive by undermining the competitiveness of U.S. companies."

7 minutes ago

Michael Saylor Proposes "Perfect" Digital Currency Vision: A Bitcoin-backed stablecoin pegged to the U.S. Dollar that can deliver 6% to 8% returns.

Strategy CEO Michael Saylor outlined his vision for a "perfect" digital currency at ParaFi Investor Day: a dollar-pegged stablecoin backed by Bitcoin that would generate roughly 6% to 8% returns. He noted this would be the next step for digital capital and digital credit products.

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PAPER perpetual contracts generated over $12.9 million in trading volume within 11 hours of launch, with open interest reaching $4.58 million.

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Lending protocol Secured Finance has completed its recovery.

Lending protocol Secured Finance announced it has completed its recovery and reopened on Ethereum, Arbitrum, and Filecoin. The project’s officials stated that no user funds were lost, assets have been replenished, and contracts, balances, positions, and order books have all been repaired and verified. The Secured Finance lending market was targeted in an attack on September 5, resulting in losses of approximately $104,000.

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