IRISnet is set to be
delisted from Binance on December 10, which led to a significant
drop in the token prices of IRIS and other cryptocurrencies. Iris Energy, a Bitcoin mining company unrelated to IRISnet, is experiencing promising developments. Iris Energy has reportedly accelerated its
expansion due to a buoyant Bitcoin market and is expected to rank among the largest listed Bitcoin miners. Their recent Bitcoin mining revenue was $49.6 million, and their AI Cloud services revenue was $3.2 million. Their stocks have risen due to positive Bitcoin mining capacity growth prospects. Iris Energy has also acquired 39,000 Bitmain S21 XP Antminers with a vision to attain 30 EH/s capacity by 2024.
However,
Worldcoin, a cryptocurrency project that relies on iris-scanning technology, has faced significant challenges. Countries like Brazil and Spain have banned it and ordered the deletion of all collected iris scan data due to privacy concerns. Despite rebranding and launching an updated iris-scanning Orb, Worldcoin continues to face legal and regulatory obstacles globally.
IRIS Coin News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Mon, 27 Jan 2025 08:19:14 GMT -
Rating -8
- Innovation -3
- Information -1
- Rumor -4
