Worldcoin is facing criticism from numerous authorities over its
iris-scanning technology. Several watchdogs have ordered the platform to delete all iris scan data collected due to privacy concerns. Despite this, Worldcoin, now rebranded as 'World', continues to double down on its approach. CEO
Sam Altman even suggested using this technology to support a universal basic income model. On another note, cryptocurrency trading platform
Binance is delisting several cryptocurrencies, including
IRISnet, causing a significant drop in these tokens' value.
Contrastingly,
Iris Energy, a Bitcoin mining company, seems to progress positively in the market. The firm reported hiked share values due to increasing Bitcoin mining capacity growth prospects. Analysts even claim Iris Energy Limited (IREN) to be among the top Bitcoin and Blockchain stocks to buy currently. Moreover, the company has broadened its operations from Bitcoin mining to artificial intelligence, increasing its capacity at a Texas data center.
However, Iris Energy also faces a few controversies. Allegations of misleading investors during its IPO and overstating its data center capacity in a lawsuit have surrounded the firm. Nevertheless, its shift towards AI data centers and heightened investor interest following a deal with Core Scientific shows promise for its future.
Simultaneously, countries like
Malaysia and
Buenos Aires have adopted Worldcoin's iris-scanning technology, indicating a potential for growth despite ongoing controversies.
IRIS Coin News Analytics from Mon, 11 Mar 2024 07:00:00 GMT to Tue, 25 Feb 2025 03:28:53 GMT -
Rating -2
- Innovation 0
- Information 4
- Rumor 3
