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 Datadash, in a new video to analyze 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,