IRIS Coin has been under the scrutiny of data protection watchdog groups, following the news that it has been scanning its users' irises for identification purposes. This has sparked major privacy concerns resulting in regulatory bodies ordering
Worldcoin, now rebranded as
World, to delete all iris scan data. Despite these controversies, the project has unveiled a new
iris-scanning Orb, maintaining its focus on biometric identification. Furthermore, projects aiming to compete with the World network are reported to be in the works. Despite its recent delisting from
Binance, Iris Energy, a separate entity linked with Bitcoin mining and not the cryptocurrency, continues to see positive market responses. The firm announced a substantial increase in its Bitcoin mining capacity, and shares in the company jumped 30%.
Bitcoin's Bull Market appears to be promoting the growth of Iris Energy's mining operations. However, the company has also been accused of overstating its data center capacity. Besides this, multiple countries including Spain, Germany, and Malaysia have raised concerns regarding the Worldcoin project, particularly regarding its data collection practices. Conversely, Malaysia has also adopted Worldcoin's iris-scanning technology for personal verification, showing a mixed reception worldwide.
IRIS Coin News Analytics from Wed, 06 Mar 2024 08:00:00 GMT to Tue, 07 Jan 2025 08:00:00 GMT -
Rating -5
- Innovation -7
- Information 2
- Rumor 5
