From a controversial commodity to new adoption for Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic, here’s a look at some of the stories breaking in the world of crypto.
Crypto Traders Eye Uranium
Crypto traders are eyeing a commodity crucial to powering the world’s nuclear plants.
Alex Saunders of Nugget’s News hosted Nicholas Merten, aka Data Dash, in a new video that looks at the commodity uranium.
Saunders compares the dramatic drop in the price of uranium in 2011 to the current state of the crypto market.
“Uranium – it’s a bit like cryptocurrency. It was down 90% after Fukushima. Everyone was thinking this is never going to be used, and yet I think the US still gets 20 or 30%. Some crazy amount of power for their homes comes from nuclear reactors.
Merten, who agrees, says uranium may be well positioned for a bull run.
“It’s very rare that you get these major super cycles in commodities. Uranium has the perfect set-up.”
Traders have predicted a big rebound in the price of uranium for years, after its huge decline in the wake of the 2011 nuclear meltdown at Japan’s Fukushima facility. So far, the rebound has failed to materialize.
Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic
The Stellar-based blockchain gifting and shopping platform Swych says it’s launching support for five cryptocurrencies this week. The Swych mobile app gives users an easy way to send gift cards to friends and family. The receiver can then decide whether to redeem that gift card or switch it to another gift card they’d prefer to have instead.
Swych told Forbes it will initially support Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic.
Ripple and XRP
Oman’s Bank Dhofar says it’s officially joining RippleNet to add instant payments to its mobile app.
“Customers will be able to transfer money abroad instantly using BankDhofar Mobile banking App. Ripple’s leading blockchain solution for cross-border payments, including its bi-directional messaging and instant settlement features, enables BankDhofar to save customer’s time when sending payments overseas, using BankDhofar Mobile banking App.”
Bank Dhofar is using Ripple’s software solution xCurrent, and so far there’s no word on whether the company plans to specifically implement Ripple’s XRP-based cross-border payment solution xRapid.
Tron founder Justin Sun says the next iteration of the file-sharing platform BitTorrent is coming along nicely. The initial launch is now tentatively scheduled for the end of March.
The smart charging infrastructure lab ElaadNL says it has completed a proof of concept that uses IOTA’s distributed ledger technology to power smart grids that can autonomously balance energy consumption.
“The PoC, created at the ElaadNL test lab, shares data securely via the IOTA Tangle and lets the charging devices themselves decide if they want to help balance the grid load or not. By charging electric vehicles at a slower speed or during an off-peak time, the charging stations earn a small fee in IOTA tokens. The system runs itself – no human interaction is needed.”