Blockchain Press Releases
Bitget Wallet Launches MPC Wallet, Providing a More Secure and User-Friendly Web3 Wallet Service
VICTORIA, Seychelles, Oct. 24, 2023 /PRNewswire/ — As the saying unequivocally goes: “Not your keys, not your coins”, the secure management of private keys remains a paramount concern for users in the Web3 space. Traditional wallet solutions often require users to memorize or store complex mnemonic phrases or private keys, which can lead to irrecoverable loss if compromised. To address this security challenge and lower the entry barrier for wallet users, leading multi-chain wallet Bitget Wallet (formerly known as BitKeep Wallet), officially announced the launch of a “keyless” MPC (Multi-Party Computation) Wallet solution. Leveraging enterprise-level MPC technology, Bitget MPC Wallet aims to offer users with a seamless Web3 Wallet experience that boasts industry-leading security parameters.
Secure and User-Friendly “Keyless” Experience
One of the fundamental characteristics of an MPC wallet that sets it apart from conventional and mainstream EOA wallets is the elimination of the need to store or memorize complex mneomonic phrases and / or private keys, hence providing a “keyless” user experience.
With Bitget MPC Wallet, users can easily create an account through email login authentication, making it accessible even for beginners. Additionally, users may perform a cloud backup of their key shares using a simple 3-step process, effectively mitigating risks such as key misplacement or theft.
This facilitates a “keyless” user experience that is useful, convenient, and secure.
Reliable Enterprise-Level MPC Solution
Bitget Wallet’s MPC wallet employs the Threshold Signature Scheme (TSS) that strictly adheres to the highest industry-wide security standards. Bitget MPC Wallet primarily incorporates security features including the generation of large prime numbers, distributed key generation (DKG), distributed collaborative signatures, homomorphic encryption, and the widely-recognized “2/3” threshold, ensuring the highest level of security at all stages of key management from generation to storage.
When creating a Bitget MPC Wallet, the platform automatically generates large prime numbers that are resistant to quantum attacks.
“The generation of secure large primes is to ensure that subsequent protocol operations within the MPC wallet are carried out with the highest security standards possible,” the Bitget Wallet development team states. “When generating large prime numbers, specific conditions have to be met in the algorithm to ensure maximum resistance against potential attacks”.
The process of generating large prime numbers is initiated when a Bitget MPC Wallet is first created, and may take up to a minute.
“Although the creation process may take some time, this is a worthy trade-off as the overall security level is significantly increased,” the Bitget Wallet development team concludes.
For private key generation, Bitget MPC Wallet utilizes distributed key generation technology to create “implicitly mapped complete private key” shares through multi-party collaborative computing. Each key share contains a fragment that will never be transmitted, guaranteeing that private key shares remain secure and that complete private keys are never exposed or leaked, avoiding the possibility of single-point failure.
In the signature process, Bitget MPC Wallet employs distributed threshold signature technology, maintaining the private key in a decentralized and “fluid” state. This enables users to complete signatures without exposing the entirety of the private key at any stage, enhancing both private key and asset security.
On this, the Bitget Wallet team shared: “Most MPC wallet solutions in the market are aimed at retail users, which therefore oftentimes prioritize convenience and convenience over security. For instance, creating an account via a centralized platform may indeed expedite the creation process, but doing so will increase the margin of risk. Similarly, leveraging regular prime numbers in key generation may likewise also compromise on security levels in favour of speed.”
Reshare Mechanism, Standalone Passwords, and Various Safeguards
Bitget MPC Wallet also introduces a “Reshare” mechanism for users, which automatically invalidates key shares on an old device after a user has successfully logged in to their MPC wallet using a new device. Doing so significantly reduces the risk of asset loss as a result of inadvertent key exposure in a previously-used device. Additionally, Bitget MPC Wallet also supports the creation of independent transaction passwords, ensuring that key shares held by the server may only participate in the signing process upon express consent and approval by the user.
Placing Absolute Control into the Hands of Users
Bitget MPC Wallet leverages a “2/3” signature mechanism, providing retail users with enterprise-level MPC security.
Simply put, this mechanism means that the minimum quorum to complete a signature process is the participation of 2/3 of the key shares. One share is stored on the user’s current device, while another is stored on the platform’s server. Both of these shares are used to participate in the signing. The final key share is stored on the cloud, such as iCloud of Google Drive, as a backup and does not participate in the signing process. This approach is comparatively more secure as opposed to the commonly-applied hybrid custody scheme, where both the user and the platform have private key control and require joint access to user funds, as well as third-party custody, where the platform may unilaterally access user funds.
Bitget MPC Wallet: Your Prime Security Choice
Bitget Wallet has always pursued innovation in its products and services, striving to provide users with better products and more convenient services. With the ultimate end goal of serving 1 billion users with unparalleld products and reliable services, Bitget Wallet has recognized the necessity for wallets to strike a balance between seamless onboarding and uncompromised security standards, and has risen up to the challenge.
“For the mass adoption of crypto and Web3, crucial infrastructure like wallets need to meaningfully lower the barriers to entry for users while providing convenient and secure access,” the CEO of Bitget Wallet states. “Bitget MPC Wallet is our first step in proactive experimentation towards ushering in the next wave of users into Web3, and we will continue exploring more ways to achieve our end goal of serving 1 billion users, including enhanced MPC technology and AA wallets.”
About Bitget Wallet
Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and a global frontrunner among all-in-one Web3 multi-chain wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, and more.
With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Ethereum, BNB Chain, Arbitrum, Polygon, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.
In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/bitget-wallet-launches-mpc-wallet-providing-a-more-secure-and-user-friendly-web3-wallet-service-301965481.html
Blockchain Press Releases
Bybit’s CEO Meets with Vietnam’s Minister of Finance to Support Regulatory Sandbox and Strengthen Crypto Compliance
DUBAI, UAE, April 19, 2025 /PRNewswire/ — Ben Zhou, Co-founder and CEO of Bybit, one of the world’s second-largest cryptocurrency exchanges by trading volume, met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, to express Bybit’s strong support for the country’s regulatory sandbox initiative and its vision to build a safe, transparent, and innovation-friendly digital asset ecosystem.
Hosted at the Ministry of Finance headquarters, the meeting centered on Vietnam’s efforts to establish a comprehensive legal framework for crypto assets. Minister Nguyen Van Thang outlined the Government’s plan to launch a pilot sandbox mechanism that will allow regulators to test the issuance and trading of crypto assets in a controlled environment. This initiative is designed to mitigate risks, strengthen investor protection, and ensure regulatory readiness before introducing official legislation.
A key part of the discussion focused on safeguarding the market against illicit activities. The Minister emphasized the importance of robust compliance frameworks, including Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, to prevent the misuse of digital assets and support the country’s financial security.
In response, Ben Zhou welcomed Vietnam’s measured and responsible approach to digital asset regulation and reiterated Bybit’s long-standing commitment to compliance:
“Vietnam’s forward-thinking regulatory sandbox is a critical step toward unlocking the full potential of blockchain technology. At Bybit, we are fully aligned with the Government’s focus on investor protection and financial integrity,” said Ben Zhou, Co-founder and CEO of Bybit. “We are proud to share our expertise in KYC, AML, and global compliance standards, and we look forward to supporting Vietnam in building a resilient, secure, and dynamic crypto economy.”
Bybit expressed its readiness to collaborate with Vietnamese authorities on several fronts, including system architecture design, transaction oversight, and the implementation of international best practices in AML/KYC. The exchange also proposed support in capacity building, such as training financial regulators and sharing experiences from other jurisdictions.
Minister Nguyen Van Thang welcomed Bybit’s proactive approach and assigned the State Securities Commission to coordinate with Bybit on concrete proposals. He also commended Bybit’s reputation for strong financial capabilities, technological resilience, and its adherence to legal and regulatory requirements in the markets where it operates.
This meeting underscores Bybit’s growing role as a trusted international partner for regulatory dialogue and innovation. It also highlights Vietnam’s readiness to embrace blockchain technology while ensuring financial safety and public confidence in the digital asset space.
About Bybit
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.
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View original content:https://www.prnewswire.co.uk/news-releases/bybits-ceo-meets-with-vietnams-minister-of-finance-to-support-regulatory-sandbox-and-strengthen-crypto-compliance-302432942.html
DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops. This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT.
Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top.
Prize Pool Distribution Highlights:
- 40% to the champion squad
- 30% to the runner-up
- 25% to the top 100 individual traders by volume
- 5% to users who correctly predict the winning squad
The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading.
Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion.
The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT.
Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community.
#Bybit / #TheCryptoArk
About Bybit
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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View original content:https://www.prnewswire.co.uk/news-releases/bybit-launches-crypto-surf-copy-traders-and-bots-battle-for-250k-usdt-302432444.html
Blockchain Press Releases
Tomorrowland Brasil 2025 General Sale in Full Swing — Exclusive Cashback for Bybit Cardholders
DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, highlights that general ticket sales for Tomorrowland Brasil 2025 are currently ongoing, with exclusive benefit available to Bybit Card and Bybit Pay eligible users such as 20% cashback.
The Bybit Card is designed for global use and supports both fiat currencies—ARS, BRL, EUR, USD—and a wide selection of cryptocurrencies. Integrated with Apple Pay, Google Pay, and Samsung Pay, it offers users up to 10% cashback on everyday purchases, 8% APR through Auto-Savings, free worldwide delivery, and $100 in monthly ATM withdrawals at no cost—without any annual fees.
Returning to the vibrant setting of Parque Maeda in Itu, São Paulo, Tomorrowland Brasil 2025 will take place from October 12 to 14, promising three days of music, imagination, and cultural exchange. Famed for its theatrical stages, global audience, and meticulously curated lineup, Tomorrowland is more than a festival—it’s a world of its own. With each edition, it transforms into a breathtaking playground of light, sound, and storytelling, drawing music lovers from over 100 countries to celebrate unity through electronic music.
This year’s Brazilian edition will feature performances from some of the world’s most sought-after artists, including David Guetta, Armin van Buuren, Vintage Culture, Mind Against, Steve Aoki, James Hype, Alesso, Nervo, and I Hate Models. Special acts include Alok’s “Something Else” concept, ANNA b2b Vintage Culture, and a powerful b2b set from Matisse & Sadko and Third Party. With more names still to be revealed, the event is shaping up to be one of the strongest editions yet.
“Tomorrowland Brasil is one of those rare experiences that transcends music—it creates lasting memories and connects people from every walk of life,” said Joan Han, Head of Payment business unit at Bybit. “We’re proud to support this global celebration by offering our users exclusive benefits that make it easier to be part of something truly unforgettable.”
Tomorrowland Brasil continues to be a beacon of creativity, community, and connection, standing at the intersection of music, technology, and art.
#Bybit / #TheCryptoArk
About Bybit
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
About TOMORROWLAND BRASIL
Tomorrowland Brasil 2025 will take place on October 10-12 in the beautiful festival area of Parque Maeda in Itu, a municipality in São Paulo. The festival will revolve around the mesmerizing ‘LIFE’ theme, set against the backdrop of Brazil’s enchanting natural beauty. A story set in the mythical realm of Silvyra, it’s a world unto its own, filled with creatures, plant life, and people living in harmony, each with their own stories, with the diversity of Silvyra’s lush nature represented in the spectacular ‘LIFE’ Mainstage. Offering the ultimate escape from the city during three days of bliss, guests will be treated to breathtaking performances by more than 150 of the world’s finest electronic artists across 6 mesmerizing stages.
The first two festival editions of Tomorrowland Brasil took place in 2015 and 2016 in the beautiful festival area of Parque Maeda in Itu, São Paulo. After years of dreaming of a return, Tomorrowland finally headed back to Brazil in 2023, becoming a yearly highlight once again.
Tomorrowland Brasil 2025
October 10-12, 2025
Parque Maeda, Itu
brasil.tomorrowland.com
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View original content:https://www.prnewswire.co.uk/news-releases/tomorrowland-brasil-2025-general-sale-in-full-swing–exclusive-cashback-for-bybit-cardholders-302432402.html
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