Ethereum, the second largest cryptocurrency by market capitalization, hit another record high on Wednesday. According to Coindesk, Ethereum rose to a price of $1417.38 on Wednesday. Data from Coinbase, the leading U.S. cryptocurrency trading platform, shows Ethereum is up more than 40 percent in a week and up over 12,000 percent since last year. Bitcoin is still the world’s largest cryptocurrency by market cap, accounting for about 33 percent of the total cryptocurrency market. The price of bitcoin holds steadily at about $14,500. Global Blockchain Technologies Corp. (OTC: BLKCF), Eastman Kodak Co (NYSE: KODK), Long Blockchain Corp (NASDAQ: LBCC), Overstock.com Inc (NASDAQ: OSTK), Riot Blockchain Inc (NASDAQ: RIOT)
According to Coinmarketcap, the total cryptocurrency market was valued at about $730 billion on Wednesday, with 1398 cryptocurrencies trading. The market cap of Ethereum rose to 131 billion. According to CNBC, Thomas Glucksmann, head of APAC business development for cryptocurrency exchange Gatecoin, “Ether’s price rally is a testament to the growing popularity of ethereum as a platform for decentralized applications. Over the last year and a half, we’ve seen that the majority of tokens issued during ICOs and traded on exchanges, have been coded to run on the ethereum network.”
Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the TSX Venture Exchange under the ticker symbol ‘BLOC’. Yesterday the company announced breaking news that it, “is the lead investor with a US$2.0M investment into the Kodak Coin, a compliant and fully-registered Initial Coin Offering (ICO). Kodak is the first major NYSE-listed Corporation to be part of creating and implementing a Crypto currency. The Company has subscribed for all 8 million Kodak Coins that were available in the Pre ICO Stage I. Stage II Pre ICO opens tomorrow January 10th.The Coins are being offered by WENN Digital, in conjunction with its licensing partnership with Eastman Kodak.
The KodakOne Image Rights Management Platform and Kodak Cryptocurrency (Kodakcoin.com) gives photographers a new revenue stream and secure platform for protecting their work. Utilizing blockchain technology, the KodakOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With Kodak-branded cryptocurrency, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, receive a share of overall platform revenue, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.
“We are very pleased and excited to have Global Blockchain Technology Corp, a Crypto currency pioneer and a visionary in the ICO revolution as our lead investor in this historic ICO. They are an experienced group of investors who have a deep understanding of the crypto markets,” said Jan Denecke, CEO of WENN Digital and Co-founder and developer of the KodakOne Image Rights Platform and the Kodak Coin.
“The KodakOne ICO is very compelling and fills the need for managing and monetizing digital assets globally. Given the size of the marketplace, the people involved and technology partnership, this has the opportunity to be a very large and active community. Our deep industry roots and relationships have allowed us access this new ICO in short order, one of the first involving a significant brand name issuer that is widely recognized by the public,” said Shidan Gouran, President, Global Blockchain.
The initial coin offering will open on January 31, 2017 and is open to accredited investors from the U.S., UK and Canada. For more information visit http://www.kodakcoin.com. This initial Coin Offering is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering.
Eastman Kodak Co (NYSE: KODK) on January 9th, together with WENN Digital, in a licensing partnership, announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management. Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.
Long Blockchain Corp (NASDAQ: LBCC) announced earlier this week that it is not proceeding with its previously announced public offering of common stock at this time. The Company is continuing with its plan to consummate the purchase of 1,000 Antminer S9 mining rigs and 1,000 APW3++ PSUs, which it expects to be shipped in January 2018 for immediate commencement of mining operations. Notwithstanding its intent to close on the proposed acquisition, the Company can make no assurances that it will be able to finance the purchase of the mining equipment. The Company continues to evaluate and explore multiple specific opportunities involving blockchain technology, including potential partnerships, investments and acquisitions.
Overstock.com Inc (NASDAQ: OSTK) announced earlier in December that the company’s blockchain investment vehicle Medici Ventures owns stock and options on 34.8 percent of Bitt. Blockchain leader Bitt recently launched its new mMoney digital payment product in Barbados. The Barbados Entrepreneurship Foundation (BEF) and several of its strategic partners participated in the soft launch, which marked the region’s first “digital dollar only” event. Under the mMoney brand, Bitt is bringing to market a blockchain-based mobile wallet that allows users to participate in digital transactions on their smartphones from a secure account.
Riot Blockchain Inc (NASDAQ: RIOT) announced this Tuesday that it has established Digital Green Energy Corp as a wholly owned subsidiary to explore international infrastructure opportunities. The Company is identifying environmentally friendly projects with large energy capacity and a cost-efficient rate for cryptocurrency mining and data center operations. Daniel Stefan Robertsen has been appointed President of Digital Green Energy Corp and will begin his duties in the role on January 24, 2018. “We believe green energy infrastructure will continue to be in strong demand and we aim to position Riot accordingly,” commented John O’Rourke, Chairman and CEO of the Company. “Securing access to a meaningful amount of reliable energy at a low cost will be Digital Green Energy’s focus moving forward. Mr. Robertsen has expertise building and managing data center operations for companies including Facebook and Bitfury. He will be instrumental in building and expanding our energy infrastructure for efficient cryptocurrency mining and data center operations.”
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