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CYIOS Corp. Completes Acquisition of Crypto Lending Platform and CeFi Aggregator, Helio Lending

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Company Announces Hiring of Director of Communications, Public Relations and Sponsorships

Boca Raton, Florida–(Newsfile Corp. – May 7, 2021) – CYIOS Corp. (OTC Pink: CYIO), a publicly traded company focused on developing and marketing specialty branded products in the Health and Wellness markets, is pleased to announce that it has completed the acquisition of privately held, Helio Lending, Pty Ltd. (Helio). The transaction is an all-shares restricted stock transaction with 50% of the restricted common shares being held in escrow issuable subject to performance milestones. Helio has built a unique and propriety platform enabling cryptocurrency holders to earn interest on deposits and secure loans collateralized by certain cryptocurrencies. The Company is also please to announce the hiring of Marko Radisic as Director of Communications and Public Relations including media, investor relations and sponsorships.

Mr.John O’Shea, Cyios Corp. Chairman commented, “We are very excited to have closed the acquisition of Helio. This is an important milestone for the Company and provides for a solid foundation to build upon in an emerging market that we believe can see continued market cap value expansion of cryptocurrency for the foreseeable future. As a first to market CeFi aggregator, Helio has differentiated itself as the GO-TO provider of choice offering customers an array of loan and deposit structures with the ability to pick from the best terms and rates available at any given time. Centralized finance, called ‘CeFi’ allows people to earn interest or get loans on their cryptocurrency by lending or borrowing through a centralized corporation. The Company has been busy building an advisory board team comprised of leading experts in the area of crypto and real estate lending who we believe can also add value and guidance on potential acquisitions. We look forward to sharing some of those advisory board appointments very soon.”

Mr. O’Shea further commented, “We are very pleased to have Mr.Marko Radisic join the team as Director of Communications, Public Relations and Sponsorships. Based on the west coast of Florida, Marko adds depth to the team and a unique skill set perfectly suitable for the task at hand. With the Helio transaction now closed, a marketing budget and plan in place, Marko will be assisting the Company on numerous initiatives including; media relations and working towards expanding the awareness of the Company’s CeFi aggregator platform through national articles, publications and social media; investor relations and bridging the communications gap between management and current shareholders and communicating with new investors eager to learn about the Company; sponsorships whereby the Company’s subsidiaries can get signage, build brand recognition and create awareness of the Company and its numerous offerings.”

Mr. Radisic commented, “I’m thrilled to have joined the Company at this time in their expansion phase. With the long awaited Helio deal now closed I’m excited to hit the ground running on numerous initiatives that we believe can add to shareholder value. With my deep roots in the racing arena, there are numerous opportunities for us to partake in sponsorship events, with the goal of having Helio plastered in as many places as we can which include upcoming race events and potential signage on various race cars. Being an investor in world of small caps myself, I find it paramount for companies to provide ongoing communication with new and existing stakeholders. My personal goal is to embrace transparency and communicate with shareholders and interested parties on our publicly stated plans and how we plan to build long-term shareholder value.”

Bio for Marko Radisic;

Marko is a successful businessman and entrepreneur with a passion for professional auto racing. His drive for success and winning is found both on the track and off. On the track, Marko has achieved multiple race wins and podium finishes in GT Racing. He also holds a Guinness Book of World Records for the greatest distance travelled karting on an outdoor circuit in 24 hours (945.60 miles). Marko takes that same passion for winning in whatever he sets his sights on including having founded numerous businesses including Precision Driving Racing Team, Flirt Sushi Lounges, Weinert & Radisic Internation (wine imports with national distribution into 17 States). He has spent many years investing in small & micro-cap companies developing in-depth knowledge of the public markets and understands the importance of bridging the communications gap between management, investors and media. Marko has chaired multiple events and committees for non-profits including the Child Protection Centre and Selah Freedom.
linkedin.com/in/marko-radisic

CONTACT INFORMATION

Public and Investor Relations:
Marko Radisic
[email protected]

Investors are encouraged to follow CYIOS using:
www.twitter.com/cyioscorp
www.linkedin.com/company/cyios-corporation-llc
www.facebook.com/cyioscorporation

Follow Helio Lending:
https://heliolending.com/
https://twitter.com/heliolending

About CYIOS Corporation

CYIOS Corporation is a publicly traded holding company with subsidiary businesses Helio Lending and Choice Wellness Inc. Through these subsidiaries, the Company is focused on crytocurrency lending through Helio’s CeFi Aggregator platform, and Choice Wellness is focused on developing and marketing specialty branded products in the Health and Wellness markets, including the “DR’s CHOICE” and “24” brand of products. The team has in-depth knowledge of the health and wellness markets, financial services industry, medical and health services, and blockchain. The Company looks to develop, distribute, and license proprietary products as well as evaluate potential acquisition opportunities. Further, the Company continues to seek and evaluate attractive business opportunities and to leverage its resources and expertise to build a diversified, sustainable business model. For more information please visit www.cyioscorporation.com.

About Helio Lending, PTY LTD

Founded in 2018, Helio Lending has developed a CeFi cryptocurrency lending platform, with headquarters in Australia. Recognized as the first to market in Australia, Helio Lending was the first independent crypto lending company to actively lend within Australia. Helio has since evolved and positioned itself as the first CeFi (centralized finance) aggregator worldwide. Helio has a large panel of partners providing access to the best rates and offers for crypto loan providers as well as offering a competitive yield generating platform. Helio Lending provides holders of cryptocurrency (such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple) with a safe and secure way to access fiat funds at the best rates, without selling any of their cryptocurrency. Helio also allows holders to earn rates on their cryptocurrency.

About ChoiceWellness, Inc

ChoiceWellness, Inc. is a health and wellness company that has brought to market the DR’s CHOICE line of products, as well as the “24” Brand Hand Sanitizer products. DR’s CHOICE was developed with a mission to offer Doctors and Medical Practitioners their own Professional Grade CBD BRAND with a suite of products they could stand behind and be confident to offer to their patients. Our customers can be assured that DR’s CHOICE CBD products have gone through the highest scrutiny of testing for purity, potency and quality. DR’s Choice products have been brought to market for Doctors and Medical Professionals seeking a better solution for patients suffering from pain, inflammation, anxiety or other persistent symptoms. For more information please visit www.choicewellnessbrands.com or email us at [email protected].

FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements.” Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” & other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered w/ these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83279

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing

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Global Supply Chain Finance Market

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Blockchain

Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest

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Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.

Source: cryptonews.com

The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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Blockchain

ASIC cracks down on blockchain mining firms

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Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.

Source: iclg.com

The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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