Eastman Kodak Gets in the Crypto Game, Ripple Lost 50% of its Value Last Week
Eastman Kodak Company has received plenty of attention since its announcement regarding its planned launch of KodakCoin. Ripple XRP has lost nearly 50% in value last week.
Eastman Kodak Surges on Announcement, KodakCoin Sparks Interest
Eastman Kodak has continued to enjoy a surge in its share price. Kodak which has been a company for nearly 130 years has seen its value double since it has announced that it will issue a KodakCoin token in order to allow its clients to purchase its products. The value of Eastman Kodak was around 5.00 U.S per share before the announcement a few days ago, and it is now trading above 10.00 a share on the New York Stock Exchange.
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Ripple in a Slugfest, Ripple Loses Fifty Percent Drop in Value Past Week
The price of Ripple remains under stress, after making a huge gain in December. The cryptocurrency which is listed as XRP has lost nearly 50% in value in one week’s time. Ripple is one of the top five cryptocurrencies in market value. Its core technology allows companies to make international transactions in an easier fashion. However, some analysts point out that the Ripple coin doesn’t have to be used in all of these transactions, which they claim could limit its overall appeal to traders. Ripple is around 1.76 U.S Dollars per coin today.
South Korea Clampdown Intensifies
The South Korean government this morning continued to come down hard on some aspects of cryptocurrency. The nation is said to be considering a ban on cryptocurrency exchanges until it can create an effective tax regulation policy.
Crypto Finance Conference in Switzerland
There will be a three-day cryptocurrency conference held in St. Moritz, Switzerland from January the 17th until the 19th for interested participants.
- 17-19, Switzerland, Crypto Finance Conference in St. Moritz
Yaron Mazor is a senior analyst at SuperTraderTV.
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