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.
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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 Introduces BOB to P2P: Bolivian Traders Can Now Buy, Sell in Local Currency and Earn Commissions
DUBAI, UAE, May 12, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has expanded its peer-to-peer (P2P) platform to support the Bolivian Bolíviano (BOB), enabling users in Bolivia to buy and sell crypto with their national currency for the first time on the platform.
In addition to enhancing local access to digital assets, Bybit is launching a new merchant program that invites users to list BOB trading ads and earn generous bi-weekly commissions. High-performing merchants can earn up to 400 USDT every two weeks, with added incentives for those listing in multiple fiat currencies.
“Expanding our P2P platform to include BOB is a reflection of our dedication to financial inclusion and local empowerment,” said Mazurka Zeng, Head of Fiat at Bybit. “We’re proud to offer Bolivian users more ways to access crypto markets while also opening the door to new opportunities”.
Bybit P2P merchants receive tailored support, including 1-to-1 customer service and faster appeal resolutions. To qualify for rewards, merchants must maintain active listings for a specified number of hours each week and meet trading volume and order count targets. Performance is reviewed every two weeks, and rewards are distributed through the Rewards Hub.
This launch represents another step in Bybit’s ongoing commitment to bring crypto access and earning potential to communities around the world through localized, user-friendly P2P services.
Bybit is actively expanding in the LATAM market and has seen a consistent rise in user requests from Bolivia to support the Boliviano (BOB) on its P2P platform. As crypto adoption continues to grow across the region, adding BOB would enhance accessibility for local users and empower them to engage more easily with the digital asset economy.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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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Blockchain Press Releases
MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers
VICTORIA, Seychelles, May 12, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has released its April 2025 trading highlights, showcasing impressive results in token performance, early listing advantages, and community-driven events like airdrops.
Key Takeaways:
- MEXC listed 160 new tokens in April, led by trends in Meme, GameFi, AI, and DePIN sectors.
- Top 10 new listings delivered an average of 832.33% ATH return, with HOUSE soaring +3,830%.
- Tokens with high spot trading volume saw daily returns averaging 403.49%.
- By pioneering listings for five key tokens—most notably HOUSE, which surged 11,580% between listings—MEXC gave users early access prior to their inclusion in IDO and alpha programs on other tier1 exchanges.
- Airdrop+ campaigns reached 40,000+ participants, distributing about $1.5M in token rewards with a 40 USDT average return per user.
According to the report, MEXC listed 160 new tokens in April, a 16.79% increase compared to March. This increase was driven by surging user interest in sectors such as Meme coins, GameFi, AI, and DePIN. This expansion of early-access opportunities reflects MEXC’s agile listing strategy and commitment to supporting new niches and communities.
Top New Listings Deliver 832% Average Peak Returns
MEXC’s strategic approach to listings paid off, with the top 10 tokens achieving an average all-time high return of 832.33%. HOUSE led the pack, posting a remarkable +3830.90% gain, followed by SEED (+952.63%) and TROLLSOL (+831.31%). These high performers span ecosystems including Solana, Sui, BSC, Ethereum, and Babylon.
Strong Daily Performance Tied to Trading Volume
April’s top 10 tokens by spot trading volume also posted robust short-term returns, with an average 24-hour return of 403.49%. Among them were the following assets:
- WCT (+849.40%)
- BANK (+937.10%)
- BABY (+738.00%)
The early token growth metrics highlight that activity on the platform is an important signal for early traders.
MEXC Empowers Traders with Early Price Discovery Capabilities
Notably, five tokens later featured in leading IDO and alpha programs were listed on MEXC prior to their program debuts, posting price gains of several hundred to several thousand percent between the two events:
- HOUSE: +11,580%
- PUMP: +281.54%
The report findings reinforced MEXC’s reputation as a platform where market momentum is often detected first.
Airdrop+ Events Attract 40,000 Participants, Drive New Token Buzz
MEXC ran 23 Airdrop+ campaigns during the month, attracting over 40,000 participants and distributing almost $1.5 million in tokens. The average return per participant was 40 USDT, with top-performing tokens like SEED, PUMP, and BABY included in the prize pools.
Airdrop+ has proven itself as a tool not only for attracting but also activating users, especially in Asian and emerging markets. A recent MEXC report based on the analysis of more than 100 campaigns in recent months revealed that up to 35% of new users register through participation in airdrop activities. Users involved in the campaign were more likely to continue active trading and participate in subsequent IDO/IEO offerings on the platform.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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Blockchain Press Releases
HashKey Group Announces Launch of HashKey Global MENA with VASP License in UAE
HONG KONG, May 12, 2025 /PRNewswire/ — HashKey Group (“HashKey”), a leading end-to-end digital asset financial services group in Asia Pacific, has secured a Virtual Asset Service Provider (VASP) license from Dubai Virtual Assets Regulatory Authority (VARA). The license was granted to HashKey MENA FZE, the operating entity of HashKey Global MENA, marking the official launch of the company in the United Arab Emirates (UAE). With this license, HashKey Global MENA is authorized to provide both Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services within, and originating from, the Emirate of Dubai.
Securing the VASP license represents a significant milestone in HashKey’s market expansion strategy into the region. As the UAE continues to establish itself as the premier hub for digital assets in the Middle East, HashKey Global MENA will cater to consumers and enterprises seeking trusted, compliant access to virtual asset services.
To meet the growing institutional needs, the company will introduce a suite of products and services distinguished by several best in class features:
- USD and AED Deposits & Withdrawals: Offers fiat on and off-ramp, allowing users to directly transfer USD from their bank account to HashKey Global MENA’s fiat wallet. As a strategic partner, Standard Chartered provides fiat currency deposit and withdrawal services for the platform. Powered by the bank’s industry-leading (on & off)-ramp solution, the platform offers users a reliable, and highly efficient fiat deposit and withdrawal experience.
- OTC Services: HashKey Global MENA OTC delivers regulated block trading with competitive all-inclusive pricing, ensuring transparent quotes and zero hidden fees for market-leading rates. Large orders benefit from instant execution, eliminating slippage risks, while flexible settlement options cater to institutional and HNWI liquidity needs.
- Major Top 10 Tokens Available For OTC: Access top-tier cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), alongside stablecoins (USDT, USDC), available through OTC services through on and off ramps using USD and AED. BTC and ETH remain the most sought-after tokens, offering trusted liquidity and alignment with institutional demand. All assets are custodied on a VARA-licensed platform with institutional-grade safeguards.
“As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated gateway for fiat-crypto transactions, backed by institutional-grade safeguards and strategic partnerships like Standard Chartered. Our regional expansion ambitions, with a strategic focus on the GCC, are rooted in empowering MENA’s institutions and HNWIs with seamless, cost-efficient access to global crypto markets, reinforcing the UAE’s position as a hub for blockchain innovation while prioritizing compliance and client protection at every step,” said Sherif Sanad, Country Manager, HashKey Global MENA.
The UAE has firmly established itself as the third-largest crypto economy in the MENA region. To meet the needs of this rapidly expanding market, HashKey Global MENA will deliver not just virtual asset trading services, but will continue to evolve and develop innovative digital asset products, designed and delivered within VARA’s robust regulatory and compliance framework.
“At HashKey, we believe innovation in crypto shouldn’t come at the cost of compliance. In fact, the industry’s future depends on building boldly—while staying within clear, trusted regulatory frameworks. That’s why we’re committed to working closely with regulators around the world to deliver reliable digital asset products and services on a global scale,” said Sherif Sanad, Country Manager, HashKey Global MENA.
HashKey Group already holds digital asset-related licenses from regulators in Hong Kong, Singapore, Japan, and Bermuda, as well as VASP registration in Ireland. As part of its ongoing commitment to building a world-class regulatory footprint, the company is also actively pursuing a Markets in Crypto-Assets (MiCA) license in the European Union. The HashKey Global MENA exchange will be live starting from May 19th.
About HashKey Global MENA
HashKey Global MENA is the exchange business under HashKey Group, offering licensed crypto asset trading services to users worldwide. HashKey MENA FZE (VL/18/03/002), the operating entity of HashKey Global MENA, is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider. Certain services, features, and campaigns may not be available in your jurisdiction.
Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1
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View original content:https://www.prnewswire.co.uk/news-releases/hashkey-group-announces-launch-of-hashkey-global-mena-with-vasp-license-in-uae-302452212.html
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