Blockchain Press Releases
Cuentas Releases Shareholder Update and New Branding Initiative, Highlighting the Successful Launch of Key Initiatives of the Company’s Strategy of Building a Complete Ecosystem to Serve the Underserved but Well Deserved, An Estimated Trillion-Dollar Market Opportunity
Company Management Reports the Successful Completion of Key Strategic Initiatives that are positioning the Company to take advantage for the escalating demand for financial and lifestyle solutions for a growing segment of the population who have been left out of the system.
MIAMI BEACH, Fla., July 20, 2023 /PRNewswire/ — Cuentas, Inc. (Nasdaq: CUEN) (Nasdaq: CUENW) (“Cuentas”), the Company that is creating an alternative financial ecosystem for the growing, hard-working segment of the population who do not have access to traditional financial and lifestyle alternatives, today released their shareholder update, underscoring the Company’s progress and the new company branding and unified focus on serving the underserved. Over the past 12 months, Cuentas Management has successfully launched its new mobile platform, Cuentas Mobile as well as the recently announced, sustainable community technology solution Cuentas Casa, which stands to revolutionize sustainable and affordable living. To round out it its core ecosystem, the Company is currently on track to launch its new Cuentas Money Application and financial solutions package, in the fall of 2023. Management believes that these accomplishments put the Company in the position to grow significantly in the coming months and years, updating, upgrading, and rebranding around its core mission providing tools for managing life and solutions for living life to the millions of hardworking Americans who have been left out of the system.
Management further reports that its successful stock split and subsequent NASDAQ confirmation have enabled the company to focus on its core business objective of building a complete ecosystem for what Forbes has called a “the next trillion-dollar market opportunity” (LINK Forbes Article).
“It has been an incredible year as we have taken the Company out of its infancy and into a new focus on serving the underserved” said Cuentas CEO and Co-Founder, Arik Maimon. “We are hitting our stride and looking forward to an exciting next 12 months.” Highlights from management include:
CUENTAS Mobile Launch. Company’s launch of Cuentas Mobile represents an important evolution in its Telco services solution. Cuentas Mobile (www.cuentasmobile.com) offers consumers straightforward access to affordable telco services, including free talk and text in each package.
CUENTAS Money Update. Cuentas is re-imagining its money solution in partnership with global financial giant, InComm, creating a digitally driven money management platform that can be directly integrated into its mobile devices as well as into physical locations via network connectivity or directly in Cuentas cards, a collection of debit and bonus cards which management expects to launch in the fall of 2023. (LINK Nasdaq Article)
CUENTAS SDI Partnership. As reported earlier this week, Cuentas has brought in its partner, OLB to take the majority interest in Cuentas’ 31,000+ convenience store “bodega” network. Cuentas will be providing its Mobile and Money solutions through this growing local store platform, serving local urban communities with big-box type retail options while OLB will manage the day-to-day business from core retail to advanced point of sale integration.
CUENTAS Casa Successful Initial Project and Growing Pipeline: Built upon the Company’s unique deal with revolutionary sustainable building technology company Renco, Cuentas is partnering to roll out entire sustainable residential communities in key areas in Florida hardest hit by a rental housing crises that a recent Harvard Report has called “the worst in the nation” (LINK: Housing Crisis). In under six months, Cuentas has locked up the land option for five new projects which represent over 1500 residential units in over 100 acres across Florida, with the initial test project complete and the next nearing ground break. Management believes that this bold move creates a first-of-its kind and incredibly powerful third pillar to Cuentas Mobile and Cuentas money, with actual physical community development.
“Tying physical construction technology to our portfolio of fin-tech solutions dramatically broadens our portfolio, creating the opportunity for immense, measurable return and value creation”, said Cuentas President and Co-Founder, Michael De Prado. “The response from the communities we are impacting, as well as shareholders and partners, has been overwhelming.”
In addition to its core initiatives, the Company has launched a rebranding program, bringing together the three pillars of Cuentas Mobile, Cuentas Money and Cuentas Casa into a single web presence, Cuentas.com, while re-launching the Company’s mobile site, Cuentasmobile.com with fresh branding. Management expects further product and solution launches as well as new Cuentas Casa development announcements to continue throughout the year.
NEW CUENTAS POSITIONING BRINGS A BROAD RANGE OF SERVICES TOGETHER UNDER ONE ROOF
“We have spent the last year investing in bringing together meaningful solutions that serve the underserved, and the progress is inspiring”, continued Maimon. “We do not believe anyone has ever approached the underserved problem with such a broad scope of integrated solutions.”
About CUENTAS Mobile
CUENTAS Mobile is Cuentas’ first step in our plan to bring increasingly powerful and cost-efficient telecommunications solutions to those that have been unable to acquire or afford them. With a growing selection of plans and services, delivered on the nation’s largest 5G and 4G LTE network, Cuentas Mobile puts the power of the network in the palm of your hand.
About CUENTAS Money
CUENTAS Money is designed to provide a broad range of instant access financial services and solutions to the growing segment of the population who do not have access to such services. In partnership combines a powerful application with even more powerful access, giving users the control of managing all their transactions, payments, money transfers, transfers in one place.
About CUENTAS SDI
Cuentas SDI, LLC. is the company that owns the platform of Black011.com and the network serving over 31,000 convenience stores (“Bodegas”) in and around New York and New Jersey. The Company is managed and controlled by The OLB Group, Inc. Cuentas Inc., is a shareholder in Cuentas SDI, LLC. Black011.com is the network that will deliver a range of services to the network’s customers, including digital incentives, promotions, gift cards, discounts, top up services, telecommunication services, money transfer solutions and other digital and physical products and solutions true the network of financial partners.
About CUENTAS Casa
CUENTAS CASA’s unique approach to property development combines state-of-the-art sustainable building technology with intelligent property management systems with the goal of developing complete residential communities in a fraction of the time and at a fraction of the cost of traditional development. By selectively acquiring locations near metropolitan areas and immediately working with our partners to move into the construction phase, CUENTAS is able to pass on the savings in construction and maintenance directly to the resident. Management has seen rental prices reduced by as much as 30% over traditional residential communities.
About Cuentas
Cuentas, Inc. (Nasdaq: CUEN & CUENW) is creating an alternative financial ecosystem for the growing population who do not have access to traditional financial alternatives. The Company’s proprietary technologies help to integrate FinTech (Financial Technology), e-finance and e-commerce services into solutions that deliver next generation digital financial services to the under-banked and underserved populations across America and eventually, the world. The Cuentas Platform integrates Cuentas Mobile, the Company’s Telecommunications solution, with CUENTAS Money, its core financial services offerings to help entire communities enter the modern financial marketplace. In Q1 of 2023 Cuentas launched Cuentas Casa, an alternative housing community development solution based on a revolutionary, patented, sustainable building system. Management believes adding this construction technology to its offerings bridges the ‘need gap’, providing a first of its kind combination of financial and lifestyle solutions to the underbanked and underserved, putting the Company in a unique position to take advantage of what has been called a Trillion-dollar opportunity (LINK Forbes Article).
CUENTAS LINK: https://cuentas.com
Forward-Looking Statements
This news release contains “forward-looking statements,” as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “believe,” “plan,” or “expect” or similar statements are forward-looking statements.
Investor Relations
Cuentas, Inc.
800-611-3622
info@cuentas.com
Blockchain
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
io.finnet, a leader in digital asset infrastructure, has partnered with Cede Labs, to introduce a solution for centralized exchange (CEX) connectivity. This collaboration provides institutional clients with a streamlined, secure platform for comprehensive multi-exchange portfolio management. Through this integration, io.finnet clients can now access leading exchanges such as Binance, Coinbase, Bybit, OKX, Kraken and more with features tailored for institutional-grade governance and operational efficiency.
Institutional digital asset management faces increasing complexity as businesses demand more secure and efficient tools to oversee diverse portfolios. With 70% of institutional investors expecting a surge in digital asset-focused funds, the need for secure and efficient multi-exchange solutions has never been greater.
“Businesses require solutions that simplify the complexity of managing assets across exchanges while maintaining the highest standards of security.” said Jacob Plaster, CTO of io.finnet. “Through our partnership with Cede Labs, clients can seamlessly connect their exchange accounts and manage their entire portfolio within a unified, secure environment.”
Unlike traditional offerings, io.finnet’s integration with Cede Labs introduces secure account-linking capabilities, allowing clients to effortlessly connect and unlink their exchange accounts while adhering to strict governance protocols. Unified tracking capabilities further enhance this solution, enabling users to monitor their portfolios across all connected exchanges in real-time. This includes the ability to oversee spot and trading wallets, derivatives positions, and sub-accounts under a single pane of glass, a feature few competitors offer at this scale.
Pierre Ni, CEO of Cede Labs, highlighted the impact on institutional workflows: “We are proud to collaborate with io.finnet to redefine digital asset custody and management. By unlocking new use cases for corporates, market makers, liquid funds, foundations, and fintechs through CEX connectivity, we believe io.finnet can grow to become one of the top self-custody players.”
This partnership is particularly timely as market demand for interoperable solutions continues to rise. The integration will eliminate the need to navigate multiple platforms and provide institutions with real-time visibility across their digital asset holdings, enabling seamless exchange connectivity and enhanced risk management.
io.finnet is committed to enhancing its exchange connectivity capabilities with deposits, withdrawals, trades, and sub-account transfers to further streamline asset management workflows. Stay tuned for exciting updates as we expand the possibilities of our Exchange Connectivity feature.
The post io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions appeared first on News, Events, Advertising Options.
Blockchain Press Releases
Bybit Web3 Launches FarmX, Revolutionizing Telegram Gaming with Decentralized Farming in SpaceS
DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of FarmX, a groundbreaking decentralized farming platform integrated into its popular Telegram game bot, SpaceS. FarmX empowers both new and experienced crypto users to earn rewards by completing simple farming tasks and participating in various campaigns, introducing a new dimension of play-to-earn excitement to the SpaceS ecosystem.
Bybit SpaceS, with its engaging space-themed gameplay and vibrant community of over 3 million players, has become a beloved platform for Web3 enthusiasts. Beyond its gameplay, SpaceS introduces a social element, allowing players to invite friends and form fleets to play together. The introduction of FarmX further solidifies Bybit’s position as a leader in innovative and rewarding gaming experiences.
Key Features of FarmX:
- Farm-to-Earn: Connect your wallet, hold SpaceS Points or TON, and start farming with a few simple clicks.
- Early Bird Advantage: FarmX rewards are distributed based on how much you farm and how early you start. The more SpaceS Points or $TON you hold and the earlier you participate, the greater your share of the prize pool.
- Exclusive Loyalty Rewards: Earn exclusive token rewards by farming SpaceS Points or depositing TON.
- Community-Driven: Leverage the thriving SpaceS community and participate in exciting campaigns with massive prize pools.
- TON Ecosystem Integration: FarmX integrates TON farming, marking Bybit Web3’s entry into the vibrant TON ecosystem. By holding $TON, players can double their rewards, unlocking even more earning potential.
MK Chin, Bybit’s Web3 Evangelist, commented: “FarmX represents a significant milestone for SpaceS and Bybit Web3. By seamlessly integrating decentralized farming into a beloved game, we are democratizing access to DeFi and providing our community with exciting new opportunities to earn rewards. We are thrilled to see how players embrace FarmX and shape the future of play-to-earn experiences.”
The FarmX campaign offers an additional 40,000 USDT prize pool from January 16th to 24th. Subsequent campaigns will feature even more enticing rewards and collaborations with top projects in the Web3 space.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025
SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.
Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/
2024: A Year of Explosive Growth Across Multiple Fronts
In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.
- Key Metrics Show Accelerated Growth Through Innovative Events
HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.
These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.
Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.
- Spotlight on Emerging Trends and Early Opportunities
Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.
SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success. Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.
- Commitment to Security and Regulatory Compliance
HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.
To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.
- Towards Long-Term Development Through Ecosystem Cooperation
HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more. Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.
- Promotion of Brand Image to Facilitate Global Reach
Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.
2025: Seizing Opportunities in a New Crypto Era
HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:
1. Expand premium listings.
2. Enhance product offerings and user experience through innovation.
3. Strengthen security measures and global operations models.
4. Support decentralized governance and foster global crypto prosperity.
5. Cement HTX’s influence, particularly in high-potential regions like the CIS.
2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected]
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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