Iris Energy reportedly is among the most favored Bitcoin and blockchain stocks due to its accelerated expansion amidst the Bitcoin bull market, causing shares to surge by 30%. However,
Binance delisting, including
IRIS, resulted in a 40% price tumble for five tokens. Despite challenges,
Iris Energy eyed positive Bitcoin mining capacity growth prospects. In parallel to this,
Sam Altman's Worldcoin rebranded to
World and unveiled a new iris-scanning orb. Despite several governments' privacy concerns due to its iris scanning approach, the project aims to support universal basic income using iris as a code.
A lawsuit accused
Iris Energy of overstating data center capacity, but the company increased its mining output and boasted possible 'Largest Untapped Power'.
Worldcoin, despite being illegal in Colombia and having operations halted in Spain, Hong Kong, and other countries, surged in Argentina amidst a high inflation rate. The project faced serious backlash led to several fines for violating personal protection laws.
Iris Energy, initially a Bitcoin miner, completed its pivot to artificial intelligence, which escalated its revenue. The company secured huge investment for Bitcoin mining expansion, and with the acquisition of 39,000 Bitmain S21 XP Antminers, it aims for an ambitious 30 EH/s by 2024. As a result,
Iris Energy trading saw an upward trend.
Worldcoin continued its iris-scanning operation while tightening privacy checks. Amidst all these developments, Worldcoin redefined Altman's cryptocurrency vision.
IRIS Coin News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Fri, 06 Dec 2024 19:31:51 GMT -
Rating 0
- Innovation 7
- Information 5
- Rumor 4
