You are here: Home » Reuters » News
Business Standard

Eastman Kodak unveils cryptocurrency, stock soars

Reuters  |  SAN FRANCISCO 

By Noel RandewichSAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co surged over 40 percent on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency called "KODAKCoin" for photographers, part of "KODAKOne", an image rights management platform launched in a licensing partnership with WENN Digital.The platform uses blockchain technology, the backbone of Bitcoin and other digital currencies that have surged in recent months and raised ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, January 10 2018. 00:26 IST