Worldcoin, rebranded by Sam Altman, is significantly increasing the scope of its eye-scanning cryptocurrency project involving controversial iris-scanning technology. With a privacy chief assuring data safety, Worldcoin unveiled its new iris-scanning Orb, proof of humanity that can potentially support universal basic income. However, there are privacy concerns leading to orders of erasure of iris scan data and prohibition of operations in certain regions like Brazil, Hong Kong, Spain, and Germany. Despite these setbacks, Worldcoin is expanding its operations and services bolstered by large stakes secured by Jane Street in crypto firms such as Coinbase, Strategy, and
Iris Energy. Iris Energy has been accelerating its expansion, showcasing positive growth prospects and increasing Bitcoin mining capacity, even venturing into AI Cloud Services. However, it faced a lawsuit accusing it of overstating its data center capacity and misleading investors during its IPO. Similarly, the announcement of
IRISnet getting delisted from Binance on December 10 negatively impacted currency value. Worldcoin is also facing legal challenges like being ordered to stop operating in Hong Kong and being fined for illegal iris info collections and data protection laws violation. On a positive note, Iris Energy's Bitcoin mining yield and AI Cloud Services Revenues saw a significant increase, and the project is gaining acceptability with Malaysia adopting Worldcoin's iris-scanning technology. However, the project has downgrades, bans, and a considerable number of countries scrutinizing the controversial iris-scanning scheme.
IRIS Coin News Analytics from Tue, 26 Mar 2024 07:00:00 GMT to Thu, 06 Mar 2025 14:00:00 GMT -
Rating -2
- Innovation 1
- Information 5
- Rumor -1
