JH
Jeremy Herron
Bloomberg
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- Kodak Surges After Announcing Plans to Launch Cryptocurrency Called 'Kodakcoin'9 Jan 2018—BloombergKodak’s latest moment has it joining the cryptocurrency frenzy. Shares in Eastman Kodak Co. more than doubled after the former camera and film heavyweight said it would launch the Kodakcoin, “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management.” The move comes as investors snap up virtually any asset related to digital coins or the blockchain technology that underpins them -- no matter how tenuous the tie. Microcaps previously...
- A Small Fintech Stock Surged 2,600% in a Week After Announcing It’s a Crypto Company18 Dec 2017—BloombergLongFin buys microlender that transacts only in digital coins Latest small company to see gains based tied to bitcoin mania Fintech plus cryptocurrency equals about $7 billion. That’s how much the value of LongFin Corp. surged to after the microcap’s stock rocketed by as much as 2,600 percent since debuting Wednesday. Most of the gains came since Friday, when the company issued a press release saying it bought Ziddu.com, “a blockchain-empowered global micro-lending solutions provider” that...
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