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Bitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186%

VICTORIA, Seychelles, Feb. 27, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released their proof-of-reserves report for February 2025. The newest snapshot shows the updated data highlights an increase of reserves to 186% up from its commitment of 100%. Bitget’s latest proof of reserves reaffirms its financial stability and transparency, showcasing a strong total reserve ratio.

The exchange holds substantial reserves across major assets, ensuring more than full backing of user funds. The breakdown reveals a 322% reserve ratio for Bitcoin, with over 19,393 BTC held against user liabilities of 6,030 BTC. Similarly, Ethereum reserves stand at 173%, with holdings of 199,433 ETH exceeding the 115,051 ETH in user assets. Stablecoin reserves are also robust, with USDT at 138% and USDC at 121%, showing strong backing.

Bitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186%

Bitget Updates Proof of Reserves for February 2025, Reserve Ratios Increase to 186%

The Merkle root hash verification adds an extra layer of transparency, allowing users to independently verify their assets within Bitget’s system. With 35 million records included in the Merkle tree, the exchange continues to prioritize accountability. The report highlights Bitget’s commitment to safeguarding user assets while maintaining operational integrity. By consistently holding reserves well above liabilities, Bitget reinforces trust in its financial health, positioning itself as a secure and reliable platform for crypto traders and investors.

The updated PoR showcases Bitget’s efforts in maintaining more than industry standard 100% reserves, which effectively guarantees that users’ assets are safe. The platform is capable of covering user withdrawals, even if all user assets are withdrawn.

In addition to maintaining a higher than industry standard PoR, Bitget insures its users further with a $300M Protection Fund, now valued over $570 million according to its latest protection fund report. This gives the platform an extra layer of resilience against cybersecurity threats.

For real-time PoR tracking, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e6e37dd-29ad-4275-b259-d9650b21488f

GlobeNewswire Distribution ID 1001050766

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Synchronoss Technologies annonce la date de la conférence téléphonique qui fera le point sur ses résultats du quatrième trimestre et son exercice 2024

BRIDGEWATER, New Jersey, 26 févr. 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (« Synchronoss » ou la « Société ») (NASDAQ : SNCR), un innovateur et leader mondial des plateformes de cloud personnel, organisera une conférence téléphonique le mardi 11 mars 2025 à 16 h 30, heure de l’Est (13 h 30, heure du Pacifique) pour faire le point sur ses résultats financiers du quatrième trimestre et sur l’ensemble de son exercice clos le 31 décembre 2024. Avant cette conférence téléphonique, les résultats financiers seront publiés dans un communiqué de presse.

La direction de Synchronoss animera la présentation, qui se poursuivra par une session de questions-réponses.

Date : mardi 11 mars 2025
Heure : 16 h 30, heure de l’Est (13 h 30, heure du Pacifique)
Numéro de téléphone : 877-451-6152 (national) ou 201-389-0879 (international)
Identifiant de la conférence : 13751475

La conférence téléphonique sera retransmise en direct ici et sur la page « Relations avec les investisseurs » du site Internet de Synchronoss.

À propos de Synchronoss
Synchronoss Technologies (Nasdaq : SNCR), un leader mondial de solutions de cloud personnalisées, permet aux prestataires de services d’établir des connexions sécurisées et pertinentes avec leurs abonnés. Notre plateforme SaaS Cloud simplifie les processus d’intégration des clients et favorise l’engagement des abonnés, avec pour résultat une amélioration des flux de revenus, une réduction des dépenses et une accélération de la mise sur le marché. Des millions d’abonnés font confiance à Synchronoss pour préserver leurs souvenirs les plus chers et les contenus numériques les plus importants. Découvrez comment nos solutions axées sur le cloud redéfinissent la manière dont vous vous connectez à votre monde numérique sur www.synchronoss.com.

Contact pour les relations avec les médias :
Domenick Cilea
Springboard
[email protected]

Contact pour les relations avec les investisseurs :
Ryan Gardella
ICR pour Synchronoss
[email protected]

GlobeNewswire Distribution ID 9385437

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Synchronoss Technologies ประกาศกำหนดการประชุมเกี่ยวกับผลประกอบการไตรมาสที่สี่และทั้งปี 2024

บริดจ์วอเตอร์ รัฐนิวเจอร์ซีย์, Feb. 27, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies Inc. (“Synchronoss” หรือ “บริษัท”) (Nasdaq: SNCR) ผู้นำระดับโลกและผู้ริเริ่มแพลตฟอร์ม Personal Cloud จะจัดการประชุมทางโทรศัพท์ในวันอังคารที่ 11 มีนาคม 2025 เวลา 16.30 น. ตามเวลาตะวันออก (13.30 น. ตามเวลาแปซิฟิก) เพื่อหารือเกี่ยวกับผลประกอบการทางการเงินสำหรับไตรมาสที่สี่และทั้งปีที่สิ้นสุดในวันที่ 31 ธันวาคม 2024 โดยจะมีการเผยแพร่ผลประกอบการทางการเงินในข่าวประชาสัมพันธ์ก่อนการประชุม

ฝ่ายบริหารของ Synchronoss จะจัดการนำเสนอ แล้วตามด้วยช่วงถาม-ตอบ

วันที่: วันอังคารที่ 11 มีนาคม 2025
เวลา: 16.30 น. ตามเวลาตะวันออก (13.30 น. ตามเวลาแปซิฟิก)
หมายเลขโทรเข้า: 877-451-6152 (ภายในประเทศ) หรือ 201-389-0879 (ต่างประเทศ)
รหัสการประชุม: 13751475

การประชุมทางโทรศัพท์จะถูกถ่ายทอดสดที่นี่และผ่านทางส่วนนักลงทุนสัมพันธ์ในเว็บไซต์ของ Synchronoss

เกี่ยวกับ Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) คือผู้นำระดับโลกด้านโซลูชันระบบคลาวด์ส่วนบุคคล ซึ่งให้อำนาจแก่ผู้ให้บริการในการสร้างการเชื่อมโยงกับสมาชิกของตนได้อย่างปลอดภัยและมีความหมาย แพลตฟอร์ม SaaS Cloud ของเราลดความซับซ้อนของขั้นตอนการเริ่มใช้บริการ อีกทั้งสนับสนุนการมีส่วนร่วมของสมาชิก ซึ่งส่งผลให้มีกระแสรายได้เพิ่มขึ้น ค่าใช้จ่ายลดน้อยลง และเวลาในการออกสู่ตลาดที่เร็วขึ้น สมาชิกหลายล้านรายต่างไว้วางใจ Synchronoss ในการปกป้องดูแลความทรงจำอันน่าทะนุถนอมที่สุดของตนและคอนเทนต์ดิจิทัลที่สำคัญ เรียนรู้ว่าโซลูชันที่มุ่งเน้นระบบคลาวด์ของเราจะเปลี่ยนวิธีการที่คุณเชื่อมต่อกับโลกดิจิทัลของคุณได้อย่างไรที่ www.synchronoss.com

ติดต่อฝ่ายสื่อสัมพันธ์:
Domenick Cilea
Springboard
[email protected]

ติดต่อฝ่ายนักลงทุนสัมพันธ์:
Ryan Gardella
ICR สำหรับ Synchronoss
[email protected]

GlobeNewswire Distribution ID 9385437

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Mavenir and OXIO Powering the Next Generation of MVNOs

OXIO’s Telecom-as-a-Service Platform integrates Mavenir Packet Core, IMS and Messaging solutions on Amazon Web Services for enhanced agility

RICHARDSON, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, today announced that it has been selected by OXIO, a leading Telecom-as-a-Service (TaaS) company, for Packet Core, IMS and next generation messaging solutions to support borderless MVNOs and embedded connectivity use cases on a global scale.

Mavenir has deployed a packet core that enables 4G and 5G user connectivity with an open, cloud-native, container-based solution, accompanied by Mavenir’s messaging platforms enabling revenue growth from valuable A2P and B2C segments. Mavenir’s MAVcore® functions are implemented as microservices running in containers, using open APIs to integrate with 3rd party platforms and observability frameworks. This allows network operators to roll-out services faster, increase efficiency, and reduce downtime.

OXIO’s cloud-native, programmable TaaS platform helps businesses to build and launch mobile services quickly and without limitations. Mavenir will help OXIO customers deliver and monetize a full suite of connectivity and messaging services.

This is Mavenir’s first deal with OXIO and signals the intention to expand into further markets across the Americas with the mission to deploy worldwide. Mavenir’s products are deployed over the Amazon Web Services (AWS), Cloud enabling OXIO for flexible, fast and cost-efficient multi-countries deployment.

Adil Belihomji, Chief Technology Officer at OXIO, added: “We are a cloud-native platform, and we share that approach with Mavenir. The quality and flexibility of their services across Packet Core, IMS and Messaging will ensure a best-in-class experience for our customers as they launch new telecom services worldwide.”

Antonio Correa, Senior RVP Southern Europe, Caribbean & Latin America at Mavenir, said: “OXIO is a true innovator, and a driver of real change in the telecom industry. This first deal with OXIO will demonstrate the value that we can bring to their offering – and our cloud-native approach enables Mavenir solutions to be replicated in any geographies with rapid go-to-market times.”

About Mavenir
Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

Meet Mavenir at Mobile World Congress 2024, Barcelona, Mar 3-6, 2025.
To explore Mavenir’s latest innovations and learn more about how Mavenir is delivering the Future of Networks – Today, visit us in Hall 2 (Stand 2H60) at #MWC25.

About OXIO
OXIO is building the global network of the future as the first telecom-as-a-service (TaaS) platform, founded Our technology-first approach to telecom unlocks innovation and possibility while delivering actionable insights for customer-obsessed companies competing in a data-driven world. OXIO is headquartered in New York with offices in Mexico City and Montreal. For more information, visit oxio.com. To learn more about current openings, visit oxio.com/careers/.

Mavenir PR Contact:
Emmanuela Spiteri
[email protected]

GlobeNewswire Distribution ID 9385300

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Budget by Hong Kong SAR’s Financial Secretary: Accelerating Development through Reform and Innovation

HONG KONG SAR – Media OutReach Newswire – 26 February 2025 – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region unveiled his 2025-26 Budget today (February 26). He noted that while geopolitical situation might bring risks, technology reform and artificial intelligence (AI) development are remoulding the global landscape, leading to the emergence of new industries, new forms of business, new products and new services. He stressed that Hong Kong must seize the opportunity to make the most out of this critical window to speed up development, establishing the new before abolishing the old. He also emphasised that transformation and innovation will lead the way into the future, and the Government is poised to fast-track the high-quality development of Hong Kong’s economy.

The Budget presents a series of measures aimed at accelerating the cultivation of new quality productive forces. On innovation and technology (I&T), the Government will promote Hong Kong into an international exchange and co-operation hub for the AI industry. Through frontier research and real-world application, the Government will endeavour to develop AI as a core industry and empower traditional industries in their upgrading and transformation. To spearhead and support Hong Kong’s innovative research and development as well as industrial application of AI, the Government will establish the Hong Kong AI Research and Development Institute and launch the Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+). On finance, the Government will continue to take forward reforms to the listing regime, host the Hong Kong Global Financial and Industry Summit, and formulate a plan this year on promoting gold market development.

Hong Kong SAR’s Financial Secretary Paul Chan delivers the 2025-26 Budget in the Legislative Council.

To seize the opportunities brought about by the rapid advancement of innovation and technology, the Budget highlights the need to accelerate the development of the Northern Metropolis, which is an investment in Hong Kong’s future. The Government will continue to accord priority to providing resources for this initiative, which primarily includes providing large tracts of I&T land at the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, together with San Tin Technopole; adopting an innovative mindset in piloting “large-scale land disposal”; developing a data facility cluster at Sandy Ridge; as well as identifying suitable sites in the Northern Metropolis for the construction of conference and exhibition facilities.

On the promotion of tourism, funding will be allocated to pursue the concept of “tourism is everywhere” and implement the Development Blueprint for Hong Kong’s Tourism Industry 2.0. A study will be conducted on the development of the waterfront and former sites to the south of the Hung Hom Station in Kowloon into a new harbourfront landmark in Kowloon, including a yacht club.

Regarding land supply, Mr Chan announced that the Government will not roll out any commercial site for sale in the coming year in view of the high vacancy rates of offices in recent years to allow the market to absorb the existing supply. The Government will also consider rezoning some of the commercial sites into residential use and allowing greater flexibility of land use.

The Budget presents a series of measures aimed at accelerating the cultivation of new quality productive forces.

Mr Chan proposed a reinforced version of the fiscal consolidation programme to focus on strictly controlling government expenditure, supplemented by increasing revenue, to restore fiscal balance in the Operating Account, in a planned and progressive manner, within the current term of the Government. The Government will also deliver more efficient public services to citizens through leveraging technology, streamlining processes and driving the digital transformation of public services. Mr Chan said he will uphold the “user pays” and the “affordable users pay” principles as far as practicable while increasing revenue, including increasing the air passenger departure tax, and reviewing the tolls of government tunnels and trunk roads. The Government will suitably expand the size of bond issuance on the premise of maintaining healthy public finances and use the funds raised on infrastructure works in a proper and flexible manner to invest in Hong Kong’s future and create value for society.

More information about the 2025-26 Budget is available from www.budget.gov.hk.

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Mavenir and O2 Telefónica Germany Strengthen Partnership with Multi-Year IMS Contract Extension for Cloud-Native IMS Services

New five-year contract with Mavenir powering O2 Telefónica to transition its 4G/5G voice services to latest cloud-native technology

MUNICH and BONN, Germany, Feb. 26, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, today announces that it has strengthened its long-term partnership with Telefónica and its global operating companies, with the signing of a new five-year contract which will see O2 Telefónica Germany transition from Mavenir’s virtualized IMS (vIMS) to Cloud-Native IMS solution. The multi-year contract extension covers both fixed and mobile IMS networks serving O2 Telefónica Germany’s entire subscriber base.

Mavenir’s cloud-native, web-scale IMS platform offers a foundational technology for next-generation mobile networks, supporting voice over LTE (VoLTE) and voice over New Radio (VoNR) on a common IMS core and facilitating voice continuity between 4G and 5G. Mavenir IMS services operate on any cloud – public or private – and are deployed as stateless microservices in containers, giving operators the ability to accelerate innovation and rapidly launch new services.

In its recent independent Mobile Network Test 2025, industry trade journal connect rated O2 Telefónica Germany ‘very good’, which also reflects the high performance and service quality achieved with Mavenir’s vIMS solution.

Matthias Sauder, Director Networks at O2 Telefónica in Germany, commented: “It was a natural decision to extend our successful technology partnership with Mavenir, which has helped us to deliver our best ever quality of service to our customers and optimize our investment in agile network innovation. Mavenir’s clear leadership in network functions virtualization led to its initial selection and has since delivered transformative new capabilities across our operations. As the world embraces the opportunities being created by artificial intelligence and automation to open interfaces for digital transformation, Mavenir’s Cloud-Native IMS will be a core enabling platform for our ongoing network evolution and unlocking new routes to value for our business and our customers.”

Antonio Correa, Senior RVP Southern Europe, Caribbean & Latin America at Mavenir, added: “Across multiple live deployments, our enduring partnership with Telefónica continues to set the pace for software-speed network evolution and the roll-out of advanced virtualized technologies. As the recognized leader in cloud-native IMS, we see this multi-year extension of our delivery into O2 Telefónica Germany as an exciting opportunity to push forward the next-generation performance and service enhancements that we are uniquely capable of achieving, in collaboration with an operator strongly committed to connectivity innovation, excellence and inclusion.”

Notes to the editor:

  • connect mobile and 5G network test, issue 01/2025: “very good” (909 points) for O2; a total of 2x “very good” (924 and 909 points) and 1x “outstanding” (970 points) were awarded. For more information, see www.o2.de/netz

About Mavenir

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

Meet Mavenir at Mobile World Congress 2024, Barcelona, Mar 3-6, 2025.

To explore Mavenir’s latest innovations and learn more about how Mavenir is delivering the Future of Networks – Today, visit us in Hall 2 (Stand 2H60).

Mavenir PR Contacts:
Emmanuela Spiteri
[email protected]

GlobeNewswire Distribution ID 9385084