Iris Energy is expanding Bitcoin mining and is seeing growth in AI cloud services. Despite facing backlash and regulatory order to delete user data in Europe and Germany,
Worldcoin remains optimistic about its future prospects and has doubled down on iris scanning. They face a tough challenge in Spain, Germany, and other European countries, with some countries stopping the venture on the grounds of privacy infringement.
IRISnet is set to be delisted on
Binance on December 10th. Ironically, this move didn't prevent the same countries from investing in the crypto project. Binance's delisting of some tokens including
IRIS, has resulted in a 40% decrease in their value. Issues associated with bionic identification and privacy concerns are challenging Worldcoin’s operations. Despite these challenges, Worldcoin has moved forward with a rebranding and is launching an updated iris-scanning technology product, Orb.
Iris Energy has reported higher than expected revenues from Bitcoin mining and AI cloud services, resulting in a 30% increase in its stock value. The company is rapidly expanding its data center capacity, although it is facing a lawsuit accusing it of overstating its capacity.
Iris Energy had a better performance and growth prospect in Bitcoin mining, with its shares jumping 30%.
IRIS Coin News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Fri, 20 Dec 2024 23:28:59 GMT -
Rating -6
- Innovation 6
- Information 4
- Rumor -5
