Today, Arthur Hayes, CEO of BitMEX, was sentenced for violating the Bank Secrecy Act. He received six months of home detention and two years of probation, in addition to the $10 million fine he agreed to pay. This is the result of “his willful failure to establish, implement, and maintain an anti-money laundering” program at BitMEX.

Marble, the all-in-one insurance rewards platform where households can confidently organize, optimize, and save on all of their insurance, no matter who their provider is, announced the launch of their highly anticipated mobile app today.

OutSystems, a global leader in low-code application development, today announced its second annual OutSystems Cloud Innovation Summit, taking place virtually June 7-8. The Cloud Innovation Summit “Build it for Your Business,” will showcase tech leaders developing a strong partnership with their business to achieve their transformation goals.

YAP, a leading fintech revolutionizing the digital banking experience in the Middle East, Africa and South Asia has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides a tremendous opportunity for YAP to provide dynamic financial service tools for consumers.

Bitcoin Day is around the corner and a huge topic of interest in our modern era. As bitcoin becomes the hot new technology, it is clear that hackers have taken advantage of it. According to reports, crypto scammers took a record $14 billion in 2021.

Max Credit Cards, the Israeli payment and credit card super-brand holding more than 3 million credit cards announced that it had signed a strategic cooperation agreement with Bits of Gold towards launching a new and unique VISA credit card, MaxBack Crypto, with which will allow users to accumulate eligibility for cashback in Bitcoin depending on their spending with the card. Upon ordering the card, a dedicated account will be opened for the customer by Bits of Gold.

Cyscale Raises €3m to Provide Contextual Cybersecurity Analysis for Efficient Cloud Security

Partnerships

Yugabyte Partners With Temenos To Bring Cloud-Native Scale, Database Performance and Resilience To The Next Generation Of Banking Solutions

Funding round led by existing investor Goldman Sachs Asset Management

Large corporates and SMEs will benefit from a new digital payment service ensuring an additional line of credit, as well as controlled, automated, and secure management of authorization flows. 

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