Kodak to launch cryptocurrency, stock pops 125% – CNNMoney

How to buy and sell Bitcoin Kodak is moving from cameras to crypto in a move likely to be viewed as a picture-perfect example of bitcoin mania.

The century-old camera brand said Tuesday it is investing in blockchain technology and plans to launch a “photo-centric cryptocurrency” called KODAKCoin.

Kodak (KODK)’s stock surged as much as 125% in trading after the announcement.

With the price of Bitcoin, Litecoin, Ripple and other digital currencies skyrocketing, an eclectic mix of small, unrelated businesses has attempted to ride the wave of investor interest by teasing cryptocurrency pivots.

Long Island Iced Tea Corp. changed its name to Long Blockchain Corp (LBCC). Bioptyx rebranded as Riot Blockchain (RIOT) and shifted its business model from biotech to bitcoin. Rich Cigars, a tobacco company, and Vapetek, an e-cigarette firm, each declared they were suddenly blockchain businesses.

Related: I bought $250 in bitcoin. Here’s what I learned

Investors have generally reacted to these announcements

Read More Here...

This entry was posted in Vaporizer E-Cigarette Stocks News. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.