GTCR To Buy Majority Stake in Payments Firm Worldpay for $18.5 Billion
GTCR has agreed to purchase a 55% majority stake in payments company Worldpay from Fidelity National Information Services for $11.7 billion, valuing the business at $18.5 billion. Fidelity will retain the remaining 45% stake.
Lookonchain: In the Past 2 Weeks, 4 Giant Whales Purchased About $3.63 Million in AAVE and Pledged It to Aave
According to Lookonchain monitoring, in the past 2 weeks, 4 giant whales bought more AAVE and pledged to Aave. They bought a total of 53,208 AAVEs (approximately $3.63 million) at an average price of $68.24.
Dash Launches GroveDB, World's First Database to Support Secondary Index Query Proofs
Dash, a cryptocurrency project that focuses on payments and fast transactions, has launched GroveDB, the world's first database that supports secondary index query proofs. This feature allows users to perform complex database searches in an intuitive and efficient way while verifying their search results with cryptographic proofs. GroveDB is a crucial component of the upcoming Dash Platform, which will be released in Q4 2023, and it can also be integrated into other dApps as a standalone, open-source product.
XRP's Daily Burn Rate Surges, Fueling Speculation of $100 Token Value
The daily burn rate of XRP, a popular cryptocurrency, has increased significantly, leading to speculation about a potential bull rally. Crypto analyst 24HRSCRYPTO has made an optimistic prediction that XRP, currently trading below $1, could reach $100 and has provided reasons for this.
Slowing Network Activity Despite Ethereum's Price Growth: Glassnode Insights
Crypto analytics service provider Glassnode has highlighted a lack of correlation between Ethereum's recent price growth and its on-chain activity. Despite lower transaction fees, network activity has slowed, with gas prices rising by just 28% compared to 78% during the Shanghai upgrade event in April.
Floki Announces Strategic Partnership with Major Custodian BitGo to Boost Credibility in Competitive Crypto Market
Floki, a cryptocurrency that emerged as a response to a tweet by Elon Musk, has formed a strategic partnership with BitGo, a major custodian in the crypto industry. BitGo's impressive portfolio of over $64 billion in assets under management is highlighted in the announcement.
Chart With Historical Precedence Signaling Bitcoin Rallies, According to Top Crypto Analyst
According to a well-known crypto analyst, Bitcoin's monthly moving average convergence divergence (MACD) indicator is showing signs of long-term bullishness, indicating that the top cryptocurrency is on the road to recovery.
Coinbase Product Director Finds $320K Worth of Crypto for Unaware Owner
Coinbase product director Conor Grogan discovered over $320,000 worth of cryptocurrency for an individual who was unaware of its existence. Grogan explained that during the Ethereum blockchain fork in 2016, those with onchain funds would have been credited an equal amount of ETH for their ETC, but many were unaware of this.
IMF: Governments Struggle to Tax Crypto Due to Semi-Anonymity and Lack of Consensus
According to a new working paper by the International Monetary Fund (IMF), governments have not yet addressed all the ways in which cryptocurrency can be taxed, resulting in the potential loss of tens of billions of dollars in uncollected taxes. The challenges to taxing cryptocurrency are numerous, including its semi-anonymity, dual nature as an investment and payment vehicle, and high volatility.
Binance CEO Welcomes BlackRock and Other Large Players to the Crypto Space
During a Twitter Spaces session, Binance CEO Changpeng Zhao expressed his enthusiasm for the entrance of large players like BlackRock into the cryptocurrency space, stating that it would offer more coverage and serve a clientele that is currently underserved. He also noted that many of these institutions are not comfortable using pure crypto platforms and may prefer existing relationships with legacy firms.
