Kodak is joining the crypto sphere, after CES 2018 at Las Vegas Kodak announces that it is going to install bitcoin mining facilities in a means to diversifies their reserves. After the announcement the Shares of Eastman Kodak Co (KODK.N) titles have jumped as much as 120% trading now at ~$10. Kodak is planning to launch their own crypto token at 31 of January.
"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 in a licensing partnership with WENN Digital."
Quoted by reuters.
Tech companies couldn't stay behind of the tech, crypto is where the entire interest of the technological giants rests at the moment. So it is not surprise that one after the other are joining the frenzy to experiment with Fintechs. The announcement really hyped the market and the stock exchanges where bombard with buy orders for its stocks.
"Also on Tuesday, Inpixon (INPX.O) surged 9 cents or 40 percent to 31 cents per share after the data analytic company announced it would adopt blockchain technology."
Quoted by reuters.
You see, any reference of Blockchain adoption coming from the lips of big firms hype their share in a way never seen before. It makes sense to expect more and more to join the revolution of blockchain even just for a mean to create a positive impact at their stock prices.
This is the year of mass adoption for crypto and blockchain I expect the number of the giants that jump into the game to grow this year exponential. Everyone wants a piece of action from the Fintechs, so I expect this year to be a year to remember, in a global scale. Last will be the banks, but then again people haven't given the attention they should at Arise bank.
Well we are all up for a hell of a ride. Fasten your seat belts gentleman.
