Benzinga – Blockchain-based identity verification project Worldcoin (CRYPTO: WLD) surged sharply Thursday, outstripping the gains of coins with a much higher market cap.
What Happened: Worldcoin emerged as the second best-performing token in the cryptocurrency market in the last 24 hours, spiking more than 7%. This came on the day when blue-chip coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) remained glued to their ranges.
Worldcoin’s trading volume jumped 74% to $275 million in the last 24 hours, indicating significant buying pressure.
The rally comes after Kenyan authorities discontinued an inquiry into the project’s alleged misuse of customers’ personal data, according to a Reuters report.
Kenya was one of the first countries to launch an investigation into Worldcoin’s collection of users’ irises, leading to a suspension in August last year. With the probe dropped,…
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