Ethereum Breaks Past
Ethereum is up more than 60% in just one week and up more than 13,000% in a year. This time last year ethereal was only around $10.31. In June we saw it surge all the way towards $400. It remained under $400 until November and in December we saw it skyrocket all the way to $844. Maybe 2018 is the year for ethereal as it started the year with on such a positive note and it continues to hit record highs. We saw it break past $1,400 today, before falling a bit lower. It has a market cap of over $125 billion. Thomas Glucksmann, head of APAC business development for cryptocurrency exchange Gatecoin, told CNBC that, ”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.” All the other cryptocurrencies are in the red today. Kodak is launching a cryptocurrency for photographers as part of its partnership with Wenn Digital. They hope to develop an image rights platform called KodakOne. Shares in Kodak jumped 120% after the company revealed its crypto plans. The idea is that photographers will get paid instantly and securely via the blockchain when their photos are sold online. KodakOne will search the internet for image copyright violations. The concept is to create an encrypted distributed ledger of rights ownership running on the Ethereum platform using smart contracts. The ICO will kick off on January 31, but it is only open to accredited investors from a few countries including the US, UK, and Canada. Kodak also said that it would install rows of Bitcoin mining rigs at its headquarters in Rochester, New York.