DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B a...
Intuit, which also owns TurboTax, can't hold all the keys to consumer tax software, the DoJ says. Per an announcement and series of filings on Wednesday, the U.S. Department of Justice is calling shenanigans on Intuit's ambitions, at least in part.Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital DIY tax software TurboTax, and QuickBooks, for business accounting. The firm initially announced its acquisition of Credit Karma back in February. By its own account, Intuit was paying $7.1 billion.In its antitrust case released today, the DoJ does not....
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Recently, Karma (formerly Karmacoin) and Karmashares developer Kosmost announced he was leaving the coin and LLC for an indefinite amount of time due to personal attacks from members of the Karma community. Since his announcement, Karma-whose price had already been in decline-has continued to decrease. Can Karma make a comeback? Karma Developer Kosmost Announces Departure. Karma developer Kosmost has left the coin indefinitely. On September 9, Karma developer and Karmashares LLC operator Kosmost announced that he was taking an indefinite hiatus from the Karma community. He stated that he....
Karma (formerly Karmacoin) is switching to X11. Karma (formerly Karmacoin) has been in decline recently, but that may change as developers announced a huge update today on the official Karma forums. This update will fundamentally alter Karma and differentiate it from Dogecoin and Reddcoin, its tipping competitors. Karma Switching to X11 Hashing Algorithm. The first major Karma announcement is a switch to the X11 hashing algorithm. Karma believes a switch from the current Scrypt algorithm to X11 will decentralize Karma mining, increase security, and promote energy efficiency. It is....
Google and Square announced Thursday that they were working on new payment systems that would be able to accept Bitcoin. The move is expected to heat things up in the payments market in general, and with Apple Pay, in particular. Google is currently testing the new payment processing method that will be known as Plaso while Square is working on the hardware terminals. The Square terminal is in the shape of a tablet that will run the Android system. Currently, Square has a piece of hardware known as the Square Reader that can plug into an iPad. The Square Reader can scan credit cards, and....
Credit China Fintech Holdings Ltd., a Hong Kong-based industry investment firm has entered a $30 million agreement with bitcoin- and blockchain-industry giant BitFury. The deal will see an investment in Bitfury shares and a new joint-venture effort focusing on the Chinese market. An announcement [PDF] by BitFury reveals that Credit China Fintech will aid the industry firm to maximize “the adoption of the Bitcoin Blockchain and private Blockchains” into Credit China’s various FinTech investments and platforms. A report by CNBC points to further details about the joint venture to be a....
San Francisco-based mobile point-of-sale (mPOS) solution provider Square has announced that merchants will now be able to sell goods and services for bitcoin via its Square Market. Introduced in June 2013, the Square Market is an online website that features Square retailers in a centralized location not unlike eBay or Etsy. Square Merchants are not charged for listing items on the marketplace, but pay 2.75% for each sale for payments made with traditional payment options. Wrote the company on its official blog: "Making commerce easy means creating easy ways to exchange value for....