Kodak's value rises by $430 mn after crypto announcement
The market value of US imaging firm Eastman Kodak increased by $431 million after it revealed plans to launch its own cryptocurrency KODAKCoin on Tuesday. Kodak's shares surged as much as 320% since the announcement, giving the firm a market capitalisation of $565 million. The company had announced the KODAKOne image rights platform where photographers will be paid in KODAKCoin.