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Shiba Inu Lead Hosts His First Ever “Meet and Greet,” Visa Expands Its Bet on Crypto With This Collab, Cardano’s Chang Hard Fork May Cause ADA Rally: Crypto News Digest by U.Today

Mon, 8/07/2024 – 16:42

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U.Today has prepared a summary of the top three news stories over the weekend.

Shytoshi Kusama reveals next destination for making public appearance

On Friday, July 5, the Shiba Inu lead known under the pseudonym Shytoshi Kusama hosted his first ever “meet and greet” during the annual IVS 2024 conference in Kyoto, Japan. Hiding his real identity, Kusama appeared wearing two masks, a hood, black oversized clothes and gloves. During the meeting with SHIB community members, the lead spoke on such topics as the project’s plans for future, the transition from Web2 to Web3 and more. In a friendly gesture, Kusama also took photos, with everyone wishing to capture his rare public appearance. The next day after the “meet and greet,” Kusama published an X post, in which he thanked the organizers of IVS 2024 in Kyoto and the SHIB fans who came to meet him in the SHIB booth at the conference. “Next stop…Mumbai!” wrote the SHIB leader in the final lines of his post, teasing the community. However, it remains unknown whether Kusama is going to organize his next “meet and greet” there or simply visit this Indian city.

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Visa expands its bet on crypto with this collab

As recently announced by hardware wallet giant Tangem on social media, it collaborated with leading card system Visa to create a self-custodial payment system for hardware wallets. According to Andrey Lazutkin, CTO at Tangem, customers of hardware wallets are now able to leverage their crypto holdings in daily transfers in a seamless manner. “Users of any wallet can open a decentralized account and get a non-custodial card to manage it and make transactions,” Lazutkin said. The product is expected to be launched by the end of 2024; however, the exact release date has not been announced yet. The new wallet technology will work under the Tangem brand, which was made possible by an active patent approved by Visa for a period until 2030.

Cardano eyes Chang hard fork: Historical surge hints at ADA’s potential rally

The Cardano community is eagerly anticipating the Chang hard fork, scheduled for the end of July. With the Chang hard fork, a new era of governance will begin for Cardano, as it will no longer be actively managed by Cardano development firm Input Output Global (IOG) but will instead be wholly run by community members. As commonly happens, such a major upgrade may lead to a significant rally in ADA’s price, and historical data points to the possibility of such a scenario. According to IntoTheBlock, ADA experienced a notable surge prior to Cardano’s last major upgrade in 2021; ADA’s price increased by 130% in just one month, from $1.35 to $3.10. As July goes on, the Cardano community will be keeping a careful eye on how the Chang hard fork will affect the ADA price. However, whether it will catalyze Cardano native coin’s surge remains to be seen.

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