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News (805)

DOJ Pushes Credit Karma to Sell Tax Product to Square Ahead of Intuit Acquisition

Square, Inc. has come to an agreement with Credit Karma to buy its tax arm for $50 million, the company recently announced. The move comes after the U.S. Department of Justice took issue with a proposal for Intuit, the creator of TurboTax, to acquire Credit Karma outright.

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Airbnb Looks to Digital Payments As COVID-19 Reshapes Rental Landscape

Vacation rental company Airbnb is getting set to integrate digital currency and blockchain technology into its business. So reports CoinGeek.

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Bezos Throws VC Weight Behind Chipper Cash in Series B Round

Chipper Cash, an African fintech with a background in peer-to-peer payments, just closed out a Series B funding round, including an investment from Bezos Expeditions, the venture capital fund run by Amazon’s Jeff Bezos. So reports PYMNTS.

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Blocknative Raises New Capital for Transparency Initiative

Blocknative, an Ethereum-focused project aimed at “on-network transaction transparency” raised $5 million in new funding. So reports The Block Crypto.

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KuCoin Reps Say They’ve Got Back Nearly All Its Stolen Crypto

Representative from KuCoin said 84% of stolen cryptocurrency funds have been recovered. So reports ZDNet.

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Visa Teams Up with Fintechs for European Digital Payments Plan

Visa launched a new “cutting-edge” digital payments initiative set to help connect European financial institutions with merchants. So reports PMYNTS.

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Lufax NYSE IPO Yields $2.36B As It Lays Groundwork for International Expansion

Chinese fintech Lufax raised $2.36 billion with its recent New York Stock Exchange offering, although its shares closed down around 5% on its opening day. So reports CNBC.

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Ant IPO Pulled In Shocking Move By Beijing

Ant Group’s highly-anticipated dual IPO has been squashed over “regulatory concerns,” although some are worried Chinese authorities blocked the deal over “unease” regarding the tech giant’s role in China’s financial system. So reports Nikkei Asia.

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JPM Coin Gets Its First Go with Mystery Client

JPMorgan Chase’s digital JPM Coin is being used commercially for the first time, although the “big technology client” using it is being kept under wraps. So reports Investor’s Business Daily.

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Hacker Rips Off $24M from Harvest Finance, Returns Portion Minutes Later

A hacker stole roughly $24 million in cryptocurrency assets from Harvest Finance, only to return $2.5 million of it a few minutes later. So reports ZDNet.

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