Sam Altman's Worldcoin has gone through a major rebrand and is now simply known as
World. Through this transformation, it has revealed an upgraded
iris-scanning Orb, reinforcing its strategy amidst continuous scrutiny over privacy concerns. In other news,
Iris Energy Limited, one of the significant Bitcoin miners, has also been in the spotlight. While facing a lawsuit over overstating its computational capacity and prospects, it has successfully boosted its Bitcoin mining output by 10%. Iris Energy also seems to be exploring other avenues apart from Bitcoin mining with an increased focus on artificial intelligence (AI). On the other hand, Worldcoin's ambitious iris scanning project has been met with suspensions in different jurisdictions like Spain, Korea, and Hong Kong due to privacy violations. These governmental actions have led to an ongoing global debate over the use of iris-scanning for personal identification and digital ID. Worldcoin insists they do not sell iris information and has responded to these concerns over privacy by open-sourcing their biometric data system. Concurrently, Worldcoin's controversial approach doesn't seem to deter the enthusiasts as it's gaining traction in Argentina and Malaysia owing to the countries' inflating economies. However, Worldcoin continues to face regulatory challenges in numerous regions while it endeavors to strengthen privacy checks and increase transparency.
IRIS Coin News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sat, 19 Oct 2024 07:00:00 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor 4
