Oracle news pumps Worldcoin

Last Updated on 12 September 2025 by CryptoTips.eu

There were seismic price increases on both the stock market and the crypto markets earlier this week. Oracle’s latest results ensured that founder Larry Ellison became the richest man in the world as his company’s share price rose 35%. This also had repercussions for the crypto market. Worldcoin, the digital currency created by Sam Altman (CEO of OpenAI) rose 100% thanks to a deal with Oracle. Worldcoin is finally looking forward to another positive month.

Thiel

Tools for Humanity, the company of Sam Altman (CEO of OpenAI, the company behind ChatGPT), wants to scan the eyes of everyone in the world and then give users a “basic universal income” through a digital currency (called Worldcoin).

Using a scan of your iris, made by such an “Orb,” Worldcoin hopes to create a kind of digital passport for all of humanity. If everyone in the world could be recognized by computers, it will become easier to pay everyone a “universal basic income” and have computers (as well as robots) do all the work. That’s the theory.

That may seem far-fetched, but billionaires and OpenAI fans do see the potential.

Earlier this week, Reuters reported that OpenAI had signed a contract to buy $300 billion worth of computing power from Oracle over the next five years. This news follows confirmation from Bitmine, the world’s largest Ethereum treasury company (in which Facebook founder Peter Thiel is a major investor) plans a strategic investment in the first-ever creation of a strategic Worldcoin reserve.


Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu