Worldcoin, previously known as Sam Altman’s Worldcoin, unveils its next-generation
iris-scanning Orb while currently being involved in legal squabbles with various countries including
Spain,
Portugal, and
Hong Kong over privacy concerns. The controversy has sparked a global backlash, however, the crypto project defends itself as
'Privacy-Enhancing'. Amidst the legal battles, Worldcoin persistently ramps up its iris-scanning crypto project named
“Orb”, which aims to support universal basic income by converting your iris into a code. It finds a
strong market in Argentina due to the country's high inflation rate, despite sanctions in other regions. On the other hand,
Iris Energy, a Bitcoin miner, is rapidly expanding its mining capacity and has secured a significant amount of funding for its expansion, although it dropped 21% after a Culper report. Reports suggest that Iris Energy may become one of the biggest listed Bitcoin miners. However, concerns rise as Iris Energy diversifies into artificial intelligence, creating doubts among its investors. Still, JPMorgan highlights the potential of the Bitcoin mining sector, hinting at a promising future for the company. As for Worldcoin, multiple marketing efforts including iris ID removal features and open-sourcing its software, demonstrate the company's ongoing attempts to enhance its reputation and increase transparency. The venture is also planning to introduce a more user-friendly version of the Orb, in hopes of boosting its worldwide acceptance.
IRIS Coin News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sat, 19 Oct 2024 11:38:46 GMT -
Rating -2
- Innovation 6
- Information 3
- Rumor -4
