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Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M

Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M

Cash App will make the DIY tax-prep software available for free to its 30 million monthly users.

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VanEck Launches Bitcoin Exchange-Traded Note on Deutsche Boerse

The VanEck Vectors Bitcoin ETN is now trading on the trading on the Deutsche Boerse Xetra.

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US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance: Report

U.S. spy chief John Ratcliffe was reportedly seeking clearer regulation around digital currency.

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In India, a Clash of Digital Innovation and Internet Censorship

Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

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Bitcoin Options Market Suggests Investors Preparing for All-Time High

Options investors appear to be eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.

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Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire

A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.

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Nodes, Clients, dApps, and centralization risks

Quick Take

  • On November 11th, parts of the Ethereum ecosystem experienced downtime due to Infura experiencing a service outage
  • This sparked conversations about whether or not Ethereum is decentralized
  • The solution is for Ethereum service providers to do a better job with regards to reliability and fault tolerance

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Fiat Freeway: The Two Sides of Stablecoins, Cross-Border Freedom, and the Very First Stablecoin?

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column focuses on stablecoins, which have seen a 304% increase in total supply year-to-date (YTD).
  • Before digging into the latest stablecoin content, we look at other’s definitions of stablecoins and then share our own.  
  • Content reviewed includes an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins for US foreign policy, and a BIS paper on “rigid stablecoins” from the late Bank of Amsterdam.

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South Korea May Delay Implementation of 20% Crypto Tax Till 2022

The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

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Australia and Singapore to Trial ‘Paperless’ Trade Using Blockchain Technology

Australia’s border agency will trial blockchain solutions aimed at simplifying cross-border trade with Singapore.

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