Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Nasdaq and Intel announced a partnership that could prove key in wider adoption of the public cloud on Wall Street.
- The IRS is targeting crypto traders it believes are avoiding paying taxes on their gains.
- Red-hot fintech Stripe just nabbed a 20-year Goldman Sachs vet.
Nasdaq and Intel are teaming up on a new type of encryption that could prove key in speeding up adoption of AI and cloud tech on Wall Street
The new partnership could provide a solution to concerns surrounding the safety and anonymity of customer data when used by AI. The use of homomorphic encryption, or HE, could also open up the possibility of more financial firms being comfortable using the public cloud.
The feds are looking for people who have traded over $20,000 per year — and they think some Kraken and Circle users have been hiding crypto assets. Here’s what else you need to know.
Rafael Henrique/SOPA Images/LightRocket via Getty Images
Sujatha Srinivasan, a 20-year Goldman Sachs vet and managing director, is joining Stripe to serve as the $95 billion fintech’s enterprise risk management lead. Read more about the hire here.