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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.

By Danny Nelson
Updated Sep 14, 2021, 10:35 a.m. Published Nov 25, 2020, 3:55 p.m.
square

Payments company Square said Wednesday it will buy Credit Karma's tax business for $50 million and integrate it into its Cash App, a major hub for bitcoin sales.

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Cash App will make Credit Karma's do-it-yourself tax-preparation software available to its 30 million monthly users for free, Square said. Those users already send payments, manage credit cards, invest in stocks and increasingly purchase bitcoin from the popular app.

Credit Karma is selling the operations as a condition to gain U.S. Department of Justice approval for its $7.1 billion acquisition by Intuit.

SquareIntuitCredit KarmaCrypto Taxes

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Protocol Research: GoPlus Security

Oleh CoinDesk Research
14 Nov 2025
Disponsori olehGoPlus
GP Basic Image

Yang perlu diketahui:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

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Bitcoin trades near key price safety net that Strategy already breached

Oleh Omkar Godbole|Diedit oleh Sam Reynolds
2 jam yang lalu
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The safety net is the 100-week average, which has stalled the downtrend.

Yang perlu diketahui:

  • Bitcoin trades near a critical 100-week simple moving average, a key support level for bulls.
  • Strategy shares have already fallen below this average, signaling potential bearish trends for bitcoin.
  • Bulls must defend this support to prevent further declines similar to Strategy's recent losses.
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