Kodak Launches Cryptocurrency

Written by:
Guest
Published on:
Jan/10/2018

Online gamblers could soon find themselves using a new cryptocurrency from an old reliable brand we have all grown up with, a brand everybody knows and trusts.  Kodak, the camera company, announced it has plans to begin offering its own cryptocurrency and this sent the firm's share price skyrocketing. 


Bookmaker accepts most crypto-currencies

Shares jumped 60% on the news in fact.

It remains to be seen whether the Kodak cryptocurrency might some day be implemented into the online gambling sphere as it is currently intended primarily for photographers.

From the Verge.com:

KodakCoins will work as tokens inside the new blockchain-powered KodakOne rights management platform. The platform will supposedly create a digital ledger of rights ownership that photographers can use to register and license new and old work. Both the platform and cryptocurrency are supposed to “empower photographers and agencies to take greater control in image rights management,” according to the press release. The digital currency is meant to create a new economy for photographers to receive payment and sell work on a secure platform.

Kodak CEO Jeff Clarke said in a press statement, “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.”

- Aaron Goldstein, Gambling911.com

Gambling News

PokerStars Parent Company to Acquire Sky Bet for $4.7 Billion

The Stars Group has agreed to acquire British bookmaker Sky Bet for an eye-popping $4.7 billion. The agreement was also made with private equity firm CVC Capital Partners.

Wichita Bookie Sentenced as Part of Illegal Gambling Probe

An admitted bookie in an illegal gambling ring in Wichita will serve two years of probation for his crimes.

Vitalbet.com News

Gambling911.com has all your news related to Vitalbet.com and its supported GIFcoin (Gambling Investment Fund). 

Gambling Investment Fund Performing Well in Bearish Crypto Market

GIFcoin, which claims to be the world's first Gambling Investment Fund, continues to chug along despite a rather bearish market in the cryptocurrency space.

CryptoFriends Partners With Malta Blockchain Summit

CryptoFriends Partners With Malta Blockchain Summit

The inaugural edition of the Malta Blockchain Summit promises to be a seminal event on the Blockchain and DLT calendar, and it has just received a boost with a newly minted partnership with CryptoFriends, who are known for bringing their signature style to the events they work with.

Syndicate