Eastman Kodak unveils cryptocurrency, stock doubles

Kodak headquarters in New York State

Rochester N.Y

Earlier this week, the 137-year old Eastman Kodak Company (aka Kodak) became the first major NYSE-listed corporation to announce the development and launch a cryptocurrency with a corresponding blockchain network when it announced the KodakOne platform. It is positive, as 9 investors sold Eastman Kodak Company shares while 19 reduced holdings.

"For many in the tech industry, "blockchain" and "cryptocurrency" are hot buzzwords, but for photographers who've long struggled to assert control over their work and how it's used, these buzzwords are the keys to solving what felt like an unsolvable problem", said Kodak CEO, Jeff Clarke.

The initial Kodakcoin offering will go live on January 31. That value represents a market adjusting for revenues that have been falling by -7.79 % on a quarterly year/year basis as of the company's last quarterly report. As Berkeley International Computer Science Institute researcher Nicholas Weaver noted, "The cost estimates are insanely wrong: Assumes no increase in mining rate, no power cost" (though the language does specify Kodak's partner Spotlite will cover most operational costs including electricity). Kodak bills its blockchain platform as a decentralized registry where every single photo license and transaction will be "immutably stored".

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But a date for the release has not yet been set, meaning potential investors will have to wait. According to the platform's website, protection, distribution, and management will be made simple via artificial intelligence, helping photographers do things like get paid faster and generate new revenue streams.

What is the risk in investing in KodakCoin? The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

What is the Kodak KashMiner?

In the CES shuffle we missed that Kodak, which again is ostensibly a camera manufacturer, also announced on Tuesday that it will be leasing out Bitcoin miners called the "KashMiner". The current ratio for KODK is 2.40 and that of SAVE is 1.90.

But that value could plummet, meaning upfront investors may be put out of pocket.

Each rig uses up about the same level of energy as running a hairdryer constantly. Wilder introduced RSI in his book "New Concepts in Technical Trading Systems" which was published in 1978.

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