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U.Today Crypto News Digest
Valeria Blokhina
Find out what cryptocurrency news the first weekend of July brought in the U.Today recap
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U.Today has prepared a summary of the three main news stories of the weekend.
Shytoshi Kusama Reveals Her Next Public Appearance Destination
Friday, July 5, the Shiba Inu leader known by the pseudonym Shytoshi Kusama hosted her first-ever meet and greet at the IVS 2024 annual conference in Kyoto, Japan. Hiding her true identity, Kusama appeared wearing two masks, a hood, oversized black clothing, and gloves. During the meeting with members of the SHIB community, the person in charge discussed topics such as the project’s future plans, the transition from Web2 to Web3, and more. In a friendly gesture, Kusama also took photos, with everyone eager to capture her rare public appearance. The day after the meet and greet, Kusama posted a post Xin which he thanked the organizers of IVS 2024 in Kyoto and SHIB fans who came to meet him at the SHIB booth at the conference. “Next stop… Mumbai!” wrote the SHIB leader in the last lines of his post, teasing the community. However, it is not yet known whether Kusama will organize her next “meet and greet” there or whether she will simply visit this Indian city.
Visa Expands Cryptocurrency Bet With Collaboration
As recently announced from hardware wallet giant Tangem on social media, collaborated with leading Visa card system to create a self-custodial payment system for hardware wallets. According to Andrey Lazutkin, CTO of Tangem, hardware wallet customers are now able to leverage their cryptocurrency holdings in seamless daily transfers. “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 launch by the end of 2024; however, the exact release date has not yet been announced. The new wallet technology will operate under the Tangem brand, which is enabled by an active patent approved by Visa for a period until 2030.
Cardano Eyes Chang Hard Fork: Historic Surge Suggests Potential Rally for ADA
The Cardano Community waits anxiously the Chang hard fork, scheduled for late July. With the Chang hard fork, a new era of governance will begin for Cardano, as it will no longer be actively managed by the Cardano development firm Input Output Global (IOG), but will instead be entirely managed by community members. As is often the case, such a major upgrade could lead to a significant rally in the price of ADA, and historical data indicates the possibility of such a scenario. According to IntoTheBlock, ADA saw a notable surge prior to Cardano’s last major upgrade in 2021; ADA’s price increased by 130% in a single month, from $1.35 to $3.10. As July progresses, the Cardano community will be keeping a close eye on how the Chang hard fork will impact the price of ADA. However, it remains to be seen whether it will catalyze the rise of the native Cardano coin.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrencies are the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.