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KODAK to launch its own cryptocurrency



KODAK to launch its own cryptocurrency

KODAK has declared the launch of a ‘photo-centric’ digital currency (cryptocurrency) to allow photographers to take back control of their image rights.

The formation of KodakCoin is a piece of an offer to construct a worldwide record of picture rights proprietorship for photographers and photograph agencies.

Stock prices for Eastman Kodak Co climbed more than 100 % on Tuesday evening on the back of the cryptographic money news.

Kodak is joining the cryptographic money upheaval after it was broadly brought down by its inability to abandon film and grasp advanced photography.

At CES 2018 in the USA, Kodak anounced that it was collaborating with WENN Digital to make KodakCoin and a picture rights management platform called KodakOne

The anouncement stated: “Using blockchain innovation, the KODAKOne platform will make an encoded, digital ledger of rights proprietorship for photographers to enlist both new and chronicle work that they would then be able to license  inside the platform.

“With KODAKCoin, part taking photographers are welcome to take part in another economy for photography, get installment for authorizing their work instantly upon sale, and for both professional and amateur photographers, bid their work confidently on a protected blockchain platform.

“KODAKOne platform provides nonstop web crawling in order to monitor and secure the IP of the images registered in the KODAKOne framework.

“Where unlicensed utilization of images is recognized, the KODAKOne platform can proficiently deal with the post-licensing process keeping in mind the end goal to compensate photographers.”

Riding the flood of bitcoin’s fame, the Kodak’s crypto platform will permit photographers register to work and permit it for crypto payments.

The American innovation organization sees blockchain technology as a useful method to help take care of a long-standing issues confronting photographers.

Jeff Clarke Kodak CEO said:

 “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.

“Kodak has constantly sought to democratize photography and make licensing reasonable for the artist. These advancements give the photography group an inventive and simple approach to do only that.”

“Engaging with a new platform, it is critical photographers know their work and their income is handled securely and with trust, which is exactly what we did with KODAKCoin.” said Jan Denecke CEO  WENN Digital.

Subject to the most noteworthy measures of compliance, KODAKCoin is tied in with paying photographers reasonably and giving them a chance to get in on the ground floor of another economy customized for them, with secure resource or asset rights management built right in.


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Crypto Market cap reached $275 billion




Market cap of crypto currencies reached the level of $275 Billion after a spike on 4rth July 2018, Bitcoin maintaining its dominance at 42% , making it the biggest crypto currency in the world.

Bitcoin price currently trading at around $6700 after a 3% spike in the price , making it jump from $6500 to $6700 within minutes, analysts are predicting that this recent upside movement in crypto market in weak and need to sustain these levels in order to attract more buyers, otherwise overall bearish market is still in control.

$7000 is a key level for Bitcoin 

$7000 is very important level for bitcoin according to many technical analysts, If it breaks above $7000 and stays there then chances are that upside move will be healthy, otherwise bear will look forward to take control of the situation again.

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Switzerland merging Cryptocurrencies with conventional banking




Switzerland is on the right track to become a Crypto nation and country is making efforts to allow cryptcocurrencies to fully access conventional banking .

Bitcoin and other crypto currencies has taken a big hit in brutal bear market of 2018 but that’s not stopping Switzerland to allow cryptocurrencies to fully access conventional banking system within the country. Switzerland is currently in progress and drafting rules and regulations for such collaborations.

Heinz Tännler, Swiss expert & finance director of Zug canton, told media earlier that politicians were moving to allow crypto companies to work with banks, adding that Switzerland’s central bank, financial supervisor and federal government “are willing to help”.

He said: “We hope to clarify relationships by the end of the year at the latest.

“Time is pressing, other jurisdictions such as Malta and Singapore are very active and making a lot of effort to attract these companies. The lack of access to bank services is a significant competitive disadvantage.”

“We have to push certain national institutions to resolve this problem quickly and effectively, but that now seems to be going well.”

Blockchain becoming the global phenomenon 

The concept of Blockchain is interesting and attractive for all the countries, many countries may disagree on the existence and usage of cryptocurrencies, but all of them agree with the fact concept of blockchain is not going anywhere and governments can benefit from this technology in various fields, but if you ask any expert of blockchain, he would tell you that success of Blockchain technology has to be linked with existence of crypto currencies, without crypto currencies, and ecosystem can’t exist, many governments around the world are slowly recognizing the fact and Switzerland is definitely on the right track if they allow crypto currencies to work in collaboration with the Banks, because many banks around the world are not allowing crypto currencies to offer services through them, but this initiative will open many doors in that regards.


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Crypto market stabilizing gradually




crypto trading

Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.

Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.

Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.


Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.

Current top 5 crypto currencies

  1. Bitcoin : $9388
  2. Ethereum: $741
  3. Ripple: $0.83
  4. Bitcoin Cash: $1630
  5. EOS: $18.28


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