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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:

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

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

 

●       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

●       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

●       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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Fintech PR

Bybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards

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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.

From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.

Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).

More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.

“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.

Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.

Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides 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.

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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 | Youtube

Bybit Logo

Photo – https://mma.prnewswire.com/media/2559070/Image.jpg 
Logo – https://mma.prnewswire.com/media/2267288/5029737/Logo.jpg

 

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Fintech PR

Healthcare leaders gather at House of Commons to discuss productivity-boosting tech with MyStaff app

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LONDON, Nov. 15, 2024 /PRNewswire/ — Healthcare leaders from 16 NHS trusts gathered at the House of Commons this week to see how Mid and South Essex NHS Foundation Trust is using a groundbreaking new app that transforms staff access to information vital to their patients’ care.

The MyStaff app uses AI and automation to simplify the management of critical policies and procedures, reducing the time staff spend searching for information from almost 10 minutes to under 30 seconds. Over 12,000 of the Trust’s staff have signed up, and around 1,000 are using the app daily.

With £2bn pledged to help digitise the NHS and bring down waiting lists, such time-saving tech is high on healthcare’s agenda. Trust Chief Executive Matthew Hopkins introduced the session, which was hosted by David Burton-Sampson, MP for Southend West and Leigh, and saw technology strategists and users share their experiences of digitising vital healthcare operations.

Matthew said: “Our Trust is working to make the best use of digital technologies wherever this can help staff to provide the best possible care to our patients. MyStaff app is a versatile and easy-to-use tool that improves our governance processes and makes it easy for staff to access the vital clinical information they need when treating patients.”

The Trust developed MyStaff app with digital innovators Diligram, who have created a digital governance solution that helps ensure staff use the latest policies and guidance when delivering patient care. Document compliance rates have grown from 60% to 98%, whilst projections indicate the app could release 55,000 hours’ worth of staff capacity over 3 years, worth almost £4m in staff costs and giving staff more time on patient-facing care.

Diligram CEO Leslie Golding said: “We have worked closely with the Trust on developing groundbreaking technology that supports our healthcare heroes by simplifying access to essential information. We’re proud to be part of this brilliant example of positive digital change.”

Editor’s notes

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  • Contact: Rob Benson, 07815098560, [email protected] 
  • Further images, interviews, site visits available

About MyStaff app

The MyStaff app from digital transformation company Diligram is time-saving tech that offers a mobile-first digital corporate governance solution for healthcare providers.

Web: mystaffapp.io 

About Mid and South Essex NHS Foundation Trust

MSE is one of the largest Trusts in the country, serving around 1.2million people. Our values are about delivering excellent, compassionate and respectful care.

Web: mse.nhs.uk 

Photo – https://mma.prnewswire.com/media/2558941/MSE_CEO_Matthew_Hopkins_MyStaff_app.jpg

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Fintech PR

ThunderSoft Partners with HERE Technologies to Enhance Intelligent Navigation Solutions

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BEIJING, Nov. 15, 2024 /PRNewswire/ — On November 14, 2024, ThunderSoft (Stock Code: 300496), a world leading OS and intelligent device products and technology provider, and HERE Technologies, the leading location data and technology platform, announced a strategic partnership to enhance collaboration in intelligent navigation and high-definition maps. The collaboration aims to support the efficient development of navigation systems, contributing to a more connected and intelligent mobility ecosystem.

The agreement will see both companies maximize their technical strengths and platform resources for comprehensive, multifaceted cooperation. ThunderSoft’s Aqua Drive OS will integrate HERE location data and services, including HERE SDK, HD Map and autonomous driving solutions. These AI-powered elements, create a foundation for developers worldwide to build intelligent system platforms. Additionally, the partnership will deliver tailored intelligent navigation solutions for international markets, addressing the diverse requirements of automotive manufacturers and consumers.

The companies will also collaborate to develop immersive and interactive 3D high-definition mapping solutions by combining HERE’s map data with ThunderSoft’s Kanzi Map engine, establishing a new benchmark in intelligent driving and navigation.

Deon Newman, Senior Vice President and General Manager of HERE Technologies said, “This strategic partnership with ThunderSoft represents a transformative step in delivering on the potential of AI and software-defined vehicles. By uniting our best-in-class location technology with ThunderSoft’s advanced system capabilities, we will together deliver greater insight and intelligence to every journey, empowering our clients to create richer, more personalized experiences for their customers worldwide.”

Hengshang Chang, Executive President and President of SmartVehicle Business Group of ThunderSoft, highlighted the strategic importance of the collaboration, “Our collaboration with HERE holds immense significance. By integrating HERE’s map data and location platform capabilities with ThunderSoft’s pioneering vehicle OS technology, we aim to develop more competitive, globally-oriented intelligent navigation systems for the automotive industry, enabling automakers to achieve accelerated growth.”

About HERE Technologies

HERE has been a pioneer in mapping and location technology for almost 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. Find out how HERE is moving the world forward at here.com.

About ThunderSoft

ThunderSoft, a well-known intelligent operating system products and technologies provider, has been continuously accumulating and innovating in the operating system field, with its business expanding gradually from smart phone to smart vehicle, AIOT and smart industries. Website: https://en.thundersoft.com 

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