Eastman Kodak announced to the public it plans to mint its own cryptocurrency, the KodakCoin. Shares in the company soared 120% after the announcement. Kodak is a US firm who is teaming up with Wenn Media Group based in London to present the initial coin offering or ICO. This blockchain-based…
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Corporations
Research Suggests Blockchain Can be Applied to Elections, Product Reviews and Fraud Prevention
Does decentralization influence the economy? This controversial topic has elicited discussions with online communities as well as different media outlets. Why? Decentralization has been successful for Bitcoin and its ups and down throughout 2017. Payment processing machines are worried their traditions will be overthrown. These companies have enjoyed monopolies and…
Futures Go-live as Bitcoin Prices near $17,000
The world’s largest future exchange, CBOE, launched a Bitcoin future product recently. So far, so good for Bitcoin: the current price is $16,938, states CoinMarketCap. This is up approximately 23% in the last 24 hours. Bitcoin is currently caped at $283 billion. In the first 2 hours, CBOE…
Bitcoin futures will be open for trade on traditional markets tomorrow
In what could be a landmark date for cryptocurrency, December 11, 2017 is the day that Bitcoin futures will soon go live via Cboe Global Markets. This creates a new financial vehicle for traditional market traders to invest in Bitcoin like any other commodity, based on futures contracts. What this…
Gold Fund Purchases $11 million in Bitcoin
The Old Mutual Gold & Silver Fund is moving into the crypto space’s “digital gold,” the fund just announced. They have been steering a huge buy-up of bitcoins for months. Ned Naylor-Leyland, the fund’s manager, stated that the modification included a 5% rebalancing of their ledgers from precious…
The Crypto Community Needs to Work on its Sales Pitch
Owen Davis of Dealbreaker—a self-described Wall Street Insiders’ publication—recently attended the inaugural ICO Forward summit in Manhattan. Davis’ take away has been making its way across the web over the last week, popping up in Bloomberg and a handful of other high-profile fintech publications. The gist of Davis’…