The most recent company to jump on the crypto craze is KODAK. The camera company announced yesterday that they would be launching a cryptocurrency and platform that uses blockchain technology. KODAKCoin and KODAKOne sent the stock soaring but left investors wondering, is the investment worth the risk?
Thomas Smith is a professor at Emory University. Smith says the current crypto craziness is reminiscent of the dot-com bubble. While the Internet remained, many of the original companies faltered and failed. Smith feels crypto could potentially face a similar fate.
That being said, Smith notes how positive this crypto decision was for Kodak. A positive for Kodak's rollout has been the name recognition of the photo company.
Smith says that one of the buy-ins that could majorly help KODAK is their mining technology. One of the major expenses in mining cryto currencies is the electricity costs and Smith explains that Kodak seems to have that covered.
TikTok CEO Shou Zi Chew is headed to Congress to testify before the House Energy and Commerce Committee to address questions about the social media platform.
The electrification of cars on the road is sweeping the auto industry as pressure mounts to reverse the impact of climate change and now the Big Apple is getting in on the action.
Five former Memphis police officers were charged with murder in the death of Tyre Nichols, the FDA explores yearly COVID vaccines, and New York City explores electric Uber and Lyft rides. Here is everything you Need2Know for Friday, January 27, 2023.
