Kodak'sshare price almost doubled, to $6.02, in midday trading Tuesday.
Eastman Kodak has gotten a lift after announcing an effort that uses the hot cryptocurrency technology to help photographers get paid.
Several other companies in recent weeks have been rewarded with sharp rises in share price after announcing their transformation into cryptocurrency businesses.
Kodak's CEO says the move is less about joining bitcoin and other companies in a trending field and more about helping those in the photography industry take control of their work.
Kodak has become just the latest brand name company to jump on the crypto trend to send its stock soaring.
Netflix is coming to the Razer Phone-in HDR
Project Linda also has a 53.6 Wh internal battery that can fully charge the docked Razer phone three times without AC power. That said, Razer's intent is to provide "enhanced productivity and differentiated gaming experiences" with Project Linda .
The platform will continually crawl the web to "monitor and protect the IP" of images registered through the system. KODAKCoin will be used for transactions when photographers license their work. It can be hard for collectors to verify the authenticity of a piece of art, especially those bought online. The site sells some works of art for more than $100,000, and it depends on its blockchain to collect payment and to offer a record of ownership. In partnership with Wenn Digital, Kodak on Tuesday announced the launch of the KodakOne image rights management platform and KodakCoin, a photo-centric cryptocurrency created to "empower photographers and agencies to take greater control in image rights management".
KodakCoins will go on sale January 31 via a fundraising technique called an initial coin offering, through which the company will sell a set amount of coins.
The stock was up 121pc at $6.80 on the New York Stock Exchange. However, such alternative cryptocurrencies sometimes see their value spike as investors look to turn a profit on the hype around new coins.
WENN Digital belongs to WENN Media, which provides photos to websites and media.
The US Citizenship and Immigration Services (USCIS) indicated that there is no end of extensions for H-1B holders. The change would force all Indians, not holding green card or have applied for a green card, to leave the US.
Tessa Thompson has walked back her criticism of Lena Dunham's participation in the Time's Up campaign at Sunday's Golden Globes . Girls star Lena Dunham and musician Jack Antonoff have confirmed, through reps, that they've split after five years together.
More than 8,750 people have been killed since the coalition intervened, according to the World Health Organization. The Houthi rebels, who are believed to be backed by Iran , stormed Yemen's capital Sanaa in September 2014.
The core addition of the patch is an entirely new menu accessed via the Overwatch League button on the main screen. The deal will also feature a number of in-game item exclusives and rewards for fans using the Twitch platform.
Two other players including a world champion who bagged the title for India in Moscow past year , were injured in the accident. The police are investigating if it is a case of drunken driving since some liquor bottles were found in the vehicle.
The widely-used over-the-counter painkiller ibuprofen may pose a threat to male fertility, suggests a small new study . And now, new research shows that it can cause infertility , erectile dysfunction , muscle atrophy and fatigue in men.
Q2 Weather: Possible heavy snow moves in Tuesday night
Today's high temperature likely will be a harbinger of warmer conditions in Forsyth County later this week, forecasters say. WEDNESDAY: Mostly cloudy skies and a few rain showers will be possible, with a milder high temperature of 57 degrees.
The New Red Sparrow Trailer Featuring Jennifer Lawrence
Once a prima ballerina, she suffered an injury that dismantled her career. " A master of seductive and manipulative combat ". Joel Edgerton is co-starring in the film as Nathaniel Nash, an American spy targeted by Dominka and her handlers.
Cam Newton crumples trying to leave field in scary scene
Jordan, a first-team All-Pro in 2017, finished Sunday's game with three tackles, one for loss, one sack and two passes defensed. He was seen on the sidelines with ice on his eye and claimed a visor poked him in the eye, which is why he went down.
SpaceX Launches Zuma Mission, Lands First Stage at the Cape
SpaceX now can look forward to its next major test for the year - launching its huge heavy-duty rocket for the first time ever. The webcast of the launch did not follow the second stage carrying the payload after it separated from the first stage.