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Blockchain Press Releases

Bybit Web3 Unveils Comprehensive Guide to Navigating the Crypto Wallet Landscape

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DUBAI, UAE, Jan. 4, 2024 /PRNewswire/ — Bybit, the world’s third largest crypto exchange by volume, proudly unveils an in-depth study that navigates the complex landscape of cryptocurrency wallets, focusing on the user’s perspective. As the crypto industry continues to mature, our study sheds light on the development cycle, types, future prospects, key factors for selection, and a personalized guide to choosing the right crypto wallet.

This in-depth guide delves into the development cycle of crypto wallets, dissects various types available, and sheds light on their future prospects, empowering users of all levels to make informed decisions about their digital asset storage.

“We believe that navigating the world of crypto wallets shouldn’t be a daunting task,” says Ben Zhou, Co-founder and CEO at Bybit “This study aims to bridge the knowledge gap and provide users with the resources they need to make informed decisions about their digital assets. We want to empower everyone, regardless of their experience level, to confidently participate in the exciting world of web3.”

Full report can be found in here:
https://learn.bybit.com/web3-experts/types-of-crypto-wallets/

Three Key Findings from the Report:

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Key Finding 1: Welcome to Wallet 3.0 – where mastering multichain, multi-asset capabilities is the name of the game.

The report traces the fascinating journey of crypto wallets, mirroring the dynamic evolution of blockchain technology. From their humble beginnings as basic Bitcoin storage units to their current status as sophisticated platforms facilitating interaction with decentralized applications (DApps) and emerging web3 initiatives, the study charts the three distinct stages of wallet development:

1.0 Era (2009-2013): Simple tools for storing and transferring Bitcoin.
2.0 Era (2014-2020): More complex platforms enabling interaction with DApps and the DeFi ecosystem.
3.0 Era (2021-present): Multichain, multi-asset management platforms with a focus on user experience and interactive features.

Key Finding 2: In the ongoing battle of Security versus Convenience, your choice of a Web3 Wallet speaks volumes about your priorities.

Understanding that users prioritize convenience, ease of use, and security, our study provides a comprehensive guide to help users evaluate wallets effectively. Factors such as internet connectivity, control over accounts, and specific use cases are analyzed, ensuring users make informed decisions based on their preferences and requirements.

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Key Finding 3: Double up! All users should wield a dynamic duo of wallet types for a savvy and secure crypto journey.

Recognizing that user experience is paramount, the study guides users through the process of selecting the perfect wallet for their individual needs and expertise. It offers insightful advice for:

Beginners: Seeking a straightforward and uncomplicated entry point.
Intermediate Users: Eager to explore DeFi, staking, and NFTs.
Advanced Users: Actively involved in trading, yield farming, and other advanced blockchain activities.

User Profile

Suitable Crypto Wallet Types

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Key Features

Reason for Suitability

Recommended Wallets

Beginners

●       Software wallets (EOA)

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●       Mobile wallets

●       User-friendly

●       Basic security

●       Supports various cryptocurrencies

Ideal for ease of use and straightforward crypto management

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●       Bybit Wallet

●       Trust Wallet

Intermediate Users

●       Multichain wallets

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●       Web3 wallets

●       DeFi/NFT integration

●       Enhanced security

●       Multichain support               

Great for expanding into DeFi, NFTs and multichain assets

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●       Bybit Wallet

●       MetaMask

●       Exodus

Advanced Users

●       Hardware wallets

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●       Advanced software wallets (MPC, AA wallets)

●       High-level security

Wide crypto range

●       Advanced features (e.g., decentralized identity)    

Perfect for extensive crypto activities and advanced security needs

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●       Bybit Wallet

●       Ledger Nano X

●       Argent

“As the web3 landscape evolves, so do the tools we need to navigate it. But one constant remains: the critical need for secure and reliable storage for your digital assets,” said Ben. “At Bybit, we embrace this responsibility with profound commitment. Our relentless efforts are focused on advancing and fortifying our Wallets, broadening the spectrum of security measures and enhancing the user experience. Our goal is to provide a safer and more convenient platform for users to store and leverage their Web3 and crypto assets.”

#Bybit / #TheCryptoArk

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About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube

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Blockchain

Swiss WEB3FEST Winter Edition 2025

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Switzerland is set to host the highly anticipated Swiss WEB3FEST Winter Edition 2025, an unparalleled event series on innovation, investments and collaboration within the WEB3 ecosystem. Organized by Inacta Ventures, the event will unfold across iconic Swiss locations: Zug, Zurich, St. Moritz, and Davos, from January 13 to January 24, 2025.

Proudly titled in partnership with BitcoinOS, this event series promises to unite global leaders, investors, startups, and enthusiasts under one mission: unlocking the transformative potential of WEB3 technologies. Bitcoin is evolving beyond digital gold to become the foundation of a new economy. Innovations like those from BitcoinOS enable fast transactions, smart contracts, and decentralized applications, positioning Bitcoin as a key driver of the WEB3 revolution.

What is the WEB3FEST?

WEB3FEST is a global conference series focused on technology and innovation in AI, Blockchain and Sustainability. It serves as a vibrant hub where companies across the value chain – from agile startups to international corporations – converge to share ideas, build networks, and shape the future of the industry.

The Swiss WEB3FEST Winter Edition is taking place across Zug, Zurich, St. Moritz, and Davos during the World Economic Forum. It is designed to explore specific topics each day, connect the thriving Crypto Valley and Crypto Oasis ecosystems, and bridge diverse regions through meaningful collaboration. Attendees will have the opportunity to engage with thought leaders, pioneers, and visionaries in the blockchain space, fostering an environment of innovation and networking. Now in its 5th edition and the 2nd Winter Edition, WEB3FEST continues to be an important cornerstone for those looking to connect with global stakeholders, investors, and innovators in the world of Web3.

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At the heart of this transformative event is BitcoinOS, whose groundbreaking advancements in Bitcoin technology redefine possibilities in Blockchain. Participating organizations such as aeternity Foundation, The Hashgraph Association, DFINITY Foundation / Internet Computer, Solana Foundation, Ledger, and Multibank.io add to the event’s relevance, reflecting its global influence and comprehensive approach to WEB3 innovation.

The investor events are co-created with Ordway Selections, a private investment office from Switzerland, to connect the participating early-stage investors, VCs and private equity institutions with outstanding investment opportunities.

Event Highlights

January 13, 2025

Kick-Off Night – Launch Swiss WEB3FEST with a dynamic networking evening at SHED Zug.

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January 14, 2025

The Green Block Talks – Explore sustainability in AI and WEB3 at Trust Square, Zurich.

January 15, 2025

Crypto Valley Afterwork – Engage with innovators over cocktails at SHED Zug.

BitcoinOS Investor Dinner – Discover BitcoinOS’s vision and connect with top blockchain investors at SHED Zug.

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January 16, 2025

Crypto Valley Afterwork – Enjoy informal networking at Pavarotti Wine Bar, St. Moritz.

January 17, 2025

WEB3 Talks – Gain insights from thought leaders at the Kempinski Hotel, St. Moritz.

WEB3 Investor Dinner – Celebrate Crypto Valley with an exclusive show & dining experience at Billionaires Restaurant, St. Moritz.

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January 18, 2025

WEB3 Investor Circle – Network in the serene mountain setting of El Paradiso, St. Moritz.

January 21, 2025

WEB3 Investor Circle – Connect with investors during a private dinner in Davos.

January 22, 2025

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WEB3 Talks – Dive into blockchain insights and future trends at the House of Trust, Davos.

OnlyFriends Party – Connect with WEB3 leaders in a lively, exclusive setting also at the House of Trust.

January 24, 2025

Shark Island – Witness groundbreaking startup pitches in a live treasure hunt at SHED Zug.

Recap Night – Reflect on the festival’s highlights during the concluding night at SHED Zug.

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Powered by BitcoinOS

As the title partner, BitcoinOS is revolutionizing Bitcoin by bringing fast, secure transactions, smart contracts, and modern applications to the world’s most trusted blockchain. Their pioneering work includes the first verification of a zK proof on Bitcoin and numerous high-profile integrations with platforms like Cardano, Merlin, and BSquared. BitcoinOS’s innovations position it as a cornerstone of the WEB3 revolution and a driving force behind the success of WEB3FEST.

BitcoinOS’s vision aligns perfectly with WEB3FEST’s goal of fostering innovation and creating impactful connections across the blockchain ecosystem. By showcasing Bitcoin’s expanded capabilities, BitcoinOS emphasizes its role in shaping the next chapter of WEB3 development.

The post Swiss WEB3FEST Winter Edition 2025 appeared first on News, Events, Advertising Options.

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Blockchain Press Releases

ARMswap Launches its DeFi Platform

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VILNIUS, Lithuania, Jan. 13, 2025 /PRNewswire/ — The ARMswap team is thrilled to announce the launch of its 1st version of its DeFi protocol. The web3 world is booming with numerous layer-1 and layer-2 blockchains, each having their unique algorithms and capabilities. However, their closed architecture hinders seamless interaction and information flow between networks, creating inefficiencies. ARMswap’s launch addresses this fundamental inefficiency in the current blockchain architecture and introduces a more optimized version of the multi-directional cross-chain swaps and bridges.

Simplifying Cross-Chain Transactions

“The fragmentation of blockchain networks has been a critical issue, and users were compelled to navigate through various DEXs and third-party bridges to perform a single cross-chain transaction,” notes the CTO of ARMswap. “ARMswap’s launch represents a watershed moment in addressing this fragmentation that has constrained Defi’s evolution.”

ARMswap’s architecture, validated through rigorous security audits by the leading Blockchain security firm Hashlock, combines advanced cryptographic protection for user funds. ARMswap’s protocol delivers secure and rapid swap/bridge operations, setting new industry benchmarks for transaction processing efficiency.

The platform supports 31 blockchains and their native coins in its V1 launch in Jan 2025, with plans for expansion to include more blockchains every quarter. 

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In V2, ARMswap will integrate with protocols like Chainlink, Axelar network, Layer zero, Wormhole, etc., to provide extensive coverage of EVM & non-EVM chains. In V3, Armswap will introduce its own framework for relayers and oracles for seamless interoperability across Web3.

ARMSP Fair Launch

ARMswap is launching its utility token, ARMSP, in Jan 2025, incentivizing liquidity providers to actively participate in the ecosystem and to share platform and pool returns with the platform participants.

ARMswap is also releasing its DeFi Mobile App (IOS & Android) in March 2025, enabling users to connect their existing wallets and perform swap transactions and participate in liquidity pools and rewards.

Limited Supply

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Join the ARMswap V1 platform and participate in the ARMSP token Fair Launch on 13th Jan 2025, with a limited supply of 400 million tokens out of 1.25 billion max supplies. Early participants can enjoy bonuses and earn rewards through the ARMswap MVP program. After a 12-month vesting period, ARMSP will be listed on all major exchanges globally.

About ARMswap:

ARMswap UAB simplifies cross-chain asset transfers and brings the power of Web3 and the de-centralization of blockchains into our daily lives and businesses. 

Website: www.armswap.com 

For Media Inquiries:
Contact Name: Husnain Aslam
Title: Chief Technology Officer
Email: [email protected]

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Blockchain Press Releases

Market Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis

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DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ —  Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. Noting BTC’s retreat from the $100k mark a week into the new year, the analysis showed on-risk assets including crypto bore the brunt of broader macro factors. Past week’s data indicates heightened uncertainty in market dynamics ahead of Trump’s anticipated Jan. 21 inauguration, highlighting shifting investor sentiment during this significant political transition.

Key Insights:

Perpetuals Took a Winter Break: The perpetual swap market experienced a notable decline in liquidity over the holidays, with trading volumes winding down throughout Dec. 2024, leading to decreased realized volatility across the market. Notably, open interest maintained stability compared to levels preceding the great expiration of options contracts in Dec. 2024, indicating conservative positioning and limited hedging activity in perpetual swap markets.

Wide Disparity Between 30-Day Implied Volatility and 7-Day Realized Volatility: ETH’s options markets signalled an unmistakable preference for call options. In contrast,  BTC’s open interest is rebalancing after the expiration in Dec. 2024. Both ETH and BTC have experienced notable changes in their term structures heading into the new year. The sharp divergence between implied and realized volatility is at its largest since the U.S. elections, suggesting that options traders are paying a premium to price in a higher level of risk or volatility despite the calm at the surface.

ETH Calls Gaining Traction 

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There has been a reshuffling in ETH open interest. While put options still hold sway in terms of total volume, call contracts have seen an uptick after Dec. However, the optimism comes with a caveat—the decline in realized volatility in the year so far has given options traders pause. The volatility term structure has steepened further, with short-term volatility (measured at a 30-day tenor) still sitting more than 15 points above its realized counterpart. This gap is the widest since the pre-election period of 2024, when geopolitical uncertainty fueled volatility premiums. Today, however, the premium seems driven more by general speculation than by any specific event. Even as the market settles, investors remain cautious, signaling looming uncertainty.

Access the Full Report here.

#Bybit / #TheCryptoArk /#BybitResearch

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.

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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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