Worldcoin Surges Despite Heavy Fines in South Korea

Worldcoin price surges 14% amid rising market, despite facing $831,000 fine for violating data protection laws in South Korea.

Azcnews Worldcoin Surges Despite Heavy Fines In South Korea

South Korea’s Personal Information Protection Commission (PIPC) has fined Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws. Specifically, Worldcoin Foundation was fined 725 million KRW (approximately $546,000) for mishandling sensitive information and transferring data overseas without proper consent.

TFH was also fined 379 million KRW (approximately $285,000) for failing to comply with local regulations on the transfer of personal data. The fines stem from an investigation that began in February, when concerns were raised about Worldcoin collecting biometric data without consent in exchange for cryptocurrency.

The organization recently launched World ID in three new markets
The organization recently launched World ID in three new markets

Despite the fine, Worldcoin continues to expand its operations. The organization recently introduced its digital identity platform World ID in new markets such as Guatemala, Malaysia, and Poland. The platform will also be available in other countries such as Argentina, Chile, Austria, Mexico, and the United States soon. According to the Worldcoin website, the platform has completed over 6.7 million verifications, with 160,000 new accounts created in the past week alone.

Worldcoin Market Performance and Price Increase

Worldcoin Coinmarketcap
Worldcoin Coinmarketcap

Worldcoin (WLD) has recently recorded a notable price increase, attracting the attention of many investors and traders. At the time of writing, the price of Worldcoin is at $2.10, up 14.23% from the previous day. The trading volume has also increased sharply, reaching $420 million, indicating more active trading, while the market capitalization has reached $1 billion.

Earlier, the price of Worldcoin dropped below $1.85 and continued to decline until around 4 p.m., when the price began to recover. By 8 a.m., Worldcoin had surpassed $2.10.

Technical indicators show bullish trend but correction possible

Worldcoin Chart
Worldcoin Chart

Technical analysis shows that indicators such as MACD and RSI are both bullish for Worldcoin. The cryptocurrency peaked at $2.17 before correcting to around $2.06. The bullish crossover of the MACD line suggests that the bullish momentum is still continuing.

However, the RSI has reached 70.45, which is in the overbought zone, suggesting that Worldcoin could face a short-term correction.

Love

0.0/5

Love

Latest

Whales Dump Xrp Can Ripple Still Aim For The $5 Breakout

News | Altcoin | Editor Choice

Whales Dump XRP: Can Ripple Still Aim for the $5 Breakout?

XRP faces a defining moment as whales unleash massive sell-offs, leaving investors anxious over whether the token will rocket to $5 or crash back down to $2.

Bnb Surges After Trump Pardons Cz, Traders Shout “up Only”

News | Altcoin | Editor Choice

BNB Surges After Trump Pardons CZ, Traders Shout “Up Only”

BNB’s price surged right after U.S. President Donald Trump pardoned Binance founder Changpeng Zhao, fueling a wave of excitement and speculation that the long-awaited “altcoin season” may be about to begin.

Satoshi Era Bitcoin Whale Awakens After 14 Years

News | Bitcoin | Editor Choice

Satoshi-Era Bitcoin Whale Awakens After 14 Years

A “Satoshi-era” Bitcoin whale has suddenly awakened after more than 14 years of silence, sparking a wave of speculation about the real motive behind its move of 150 BTC worth tens of millions of dollars.

Bunni Dex Shuts Down After $8.4 Million Hack

News | Altcoin | Editor Choice

Bunni DEX Shuts Down After $8.4 Million Hack

After suffering a devastating $8.4 million hack, decentralized exchange protocol Bunni DEX has officially announced its shutdown. This marks the second crypto project to fold in October, following Kadena Organization’s recent decision to halt operations amid mounting difficulties. The $8.4 Million Exploit: How It Happened The attack occurred on September 2, when a hacker exploited

The Crypto Etf Wave Hits, Over 200 Funds Set To Launch Soon

News | Editor Choice | Policy & Regulations

The Crypto ETF Wave Hits, Over 200 Funds Set to Launch Soon

Crypto ETF Explosion: The market is on the verge of a massive wave of investment products, with 155 ETF filings currently awaiting approval — spanning 35 digital assets from Bitcoin and Ethereum to even political meme coins.

Screenshot 2025 10 20 091338