Sam Altman's cryptocurrency venture,
Worldcoin, has undergone a rebranding and is now known simply as World. The company has also unveiled an upgraded version of its iris-scanning Orb. This development comes amid various controversies and concerns over privacy. Worldcoin's system largely revolves around the use of the
iris-scanning Orb, a device that turns one's iris into a unique code, with potential uses including personal identification and supporting a universal basic income.
Iris Energy Limited (IREN), a Bitcoin miner, has also been discussed among analysts as potentially one of the best Bitcoin and blockchain stocks to buy. However, the company has come under legal suspicion for allegedly overstating its data center capacity. In addition, Iris Energy is transitioning from Bitcoin mining to artificial intelligence. The
Spanish High Court has upheld a temporary ban on Worldcoin's iris-scanning venture over privacy concerns, and similar opposition has arisen in Portugal and Hong Kong. Despite this, World still plans to expand its services in places like Kenya, where it encountered previous legal trouble, and Malaysia which has adopted Worldcoin for personal verification and digital ID.
Colombia and
Argentina are also showing interest, despite legal difficulties and currency inflation respectively in those countries. In an effort to improve privacy measures, Worldcoin has recently made core components of its iris biometric imaging software open source.
IRIS Coin News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Wed, 30 Oct 2024 15:11:15 GMT -
Rating -2
- Innovation 8
- Information 6
- Rumor 5
