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

Legal Sports Betting Could Save Ailing U.S. Newspaper Industry

Somach: Legal Sports Betting Could Save Ailing U.S. Newspaper Industry

The list of daily and weekly newspapers in the U.S. that have gone out of business in recent years is staggering....and legalized sports betting could be the saviour.

MGM China Now Joins Hands With Fighters Of Modern Day Slavery In Macau

MGM China Now Joins Hands With Fighters Of Modern Day Slavery In Macau

MGM China, a facility that is under MGM Resorts is joining hands in the fight of modern-day slavery.  The casino signs a deal to take part in ending the slave and sex trade to show its commitment. 

Bovada Jackpot Triggers Twice in Three Days

Bovada Jackpot Triggers Twice in Three Days

It's been a big week in the world of jackpot wins.  Just the other day, Detroit's Motor City Casino recorded the biggest bad beat jackpot win ever with six  players splitting $427,452 and now comes word of some big jackpot wins at Bovada

2018 ICE London Affiliate Show Vows to Treat Women With Respect

2018 ICE London Affiliate Show Vows to Treat Women With Respect

The #MeToo movement will make its way into the online gambling affiliate sphere in three weeks with organizers of ICE London vowing to ensure a more respectful environment for women while operators and exhibiters were scrambling to clean up their acts.

FBI Investigating New 'Person of Interest' in Vegas Mass Shooting

The US Federal Bureau of Investigation is looking at a new person of interest in connection with the October mass shooting at a concert in Las Vegas that left 58 people dead, the county sheriff said.

Syndicate