Kodak Surges After Announcing Plans to Launch Cryptocurrency Called ‘Kodakcoin’

Kodak’s latest moment has it joining the cryptocurrency frenzy.

Shares in Eastman Kodak Co. more than doubled after the former camera and film heavyweight said it would launch the Kodakcoin, “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management.”

The move comes as investors snap up virtually any asset related to digital coins or the blockchain technology that underpins them — no matter how tenuous the tie…

Read Full: Kodak Surges After Announcing Plans to Launch Cryptocurrency Called ‘Kodakcoin’