Press Release
Bitget Wallet Launches MPC Wallet, Providing a More Secure and User-Friendly Web3 Wallet Service
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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
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New Study Reveals Majority of Indians Prioritize Nutrition Over Taste, Surpassing Global Average
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Based on a recent survey of urban Indian consumers:
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Nine out of 10 consumers are searching for protein-rich food compared to seven out of 10 global shoppers. -
The top four qualities consumers look for when buying snacks are (1) natural, (2) heart-healthy, (3) protein-rich and (4) energy-source, all of which come before satisfying cravings. -
Nuts have emerged as one of the most popular snacking choices, with 86% of Indian shoppers report having purchased them in a span of 6 months. -
Urban Indians read nutrition labels more than the global average, reflecting a growing trend towards informed purchasing. -
69% of urban dwellers surveyed have the opinion that plant-based protein is just as good as meat-based protein, exceeding the global average of 55%.
Wonderful Pistachios, the world’s largest grower and processor of pistachios and distributor of California Pistachios in India, released today, World Nutrition Day, the findings of a new global study that sheds light on the snacking habits of urban Indians. The study, commissioned with Material, a leading global research consultancy, included 10 countries and over 12,400 respondents, revealed a new behavioural trend that urban Indian consumers prioritize nutrition over taste when it comes to snacking. This growing preference for healthy snacking emphasizes the importance of good nutrition for overall well-being.
For the India market specifically, the study delved into the snacking habits of 2,415 shoppers across six Indian cities, which represented a population of approximately 35.9 million consumers. Remarkably, a majority of urban Indians (58%) reported basing their food purchasing decisions on nutritional benefits more than taste, exceeding the global average of 52%. Delhi and Ahmedabad lead with over 60% of urban shoppers preferring nutrition in their food. Bengaluru and Chennai follow closely, indicating a nationwide shift towards smarter snacking preferences. In India, Millennials and Gen Z are leading the charge in health-conscious purchasing decisions, with more than 83% of consumers in these age groups reading nutritional labels before buying.
Indian consumers prioritize four key factors when shopping for nutritional snacks: natural (free of artificial colours and preservatives), heart-healthy, protein-rich, and provides energy. Nine out of 10 urban shoppers consciously seek protein-rich food options, compared to the global average of seven out of 10. The focus on nutrition has fueled the rise of nuts as a preferred snack choice, becoming essential to daily eating habits. The study found a staggering consumption of nuts, with 86% of Indian shoppers report purchasing them in a span of 6 months, compared to just 75% globally. With 6g of protein in per 28g serving, California Pistachios are a smart snack choice that provides benefits without sacrificing taste.
Shail Pancholi, Country Director, India, Wonderful Pistachios, commented on the study, saying, “Nuts were traditionally used as garnishes and consumed during festivals, but have now become a popular snack in India, indicating a notable shift in dietary habits. Pistachio consumption in India has doubled in the last six years, as consumer awareness of the nutritional benefits that pistachios offer has grown. Consumers are discovering that pistachios are naturally cholesterol-free, rich in plant-based protein and dietary fiber, and provide over 30 different vitamins and minerals.”
Interestingly, the study found that nuts are the second most preferred snack among urban Indian consumers, with 64% of Baby Boomers and 59% of Gen Z prioritizing nutrition over taste when selecting food. This indicates a growing focus on health across generations, with Baby Boomers focusing on senior wellness and Gen Z reflecting the rise of mindful purchasing. Though on opposite ends of the age spectrum, these two generations take the lead in seeking protein-rich options, as well as preferring natural snacks.
Mumbai tops most of the consideration sets when choosing a snack. Residents opt for natural ingredients (35% vs. the national average of 30%), heart-healthy options (33% vs. 30%), and protein (33% vs. 29%). Chennai residents look for energy-boosting snacks (31% vs. the national average of 29%).
The fact that 69% of urban Indians surveyed have the opinion that that plant-based protein is just as good as meat-based protein reflects a positive shift towards varied dietary preferences. Pistachios are a good source of high-quality complete protein, containing all nine essential amino acids. A 28g serving of pistachios provides 6g of protein, which is 11% of the recommended daily allowance (RDA) according to FSSAI.
The Wonderful Pistachios study unveils a compelling shift in Indian snacking habits. Nuts are evolving from festive treats to a daily snacking staple, fueled by a nationwide preference for more nutritious options. The trend transcends generations, resonating with Gen Z and Baby Boomers alike, underscoring the growing importance of mindful eating in urban India. As consumers increasingly seek natural, heart-healthy, protein-rich, and energy-boosting snacks, the future of Indian snacking appears to be firmly rooted in nutrition and well-being.
Wonderful Pistachios
Wonderful® Pistachios is the world’s largest grower and processor of pistachios, with a global presence in over 70 countries. As a vertically integrated operation, they are experts in every step of the process from tree to shelf, ensuring the highest-quality product every time. In tandem with its Grower Partners, Wonderful Pistachios harvests 125,000 sunny acres (50,000 hectares) of land in California that receive warm days and cool nights, which work in harmony with the rich, natural soils to create the perfect growing climate for high-quality pistachios. They ship 600 million pounds (204 million kg) of nuts worldwide from their advanced processing facilities to ensure the highest standards are met. When it comes to pistachios, Wonderful® Pistachios expertise is unmatched in scale and capacity, paired with warehouses and sales teams worldwide that are well-equipped to provide support at every step of the way.
California Pistachios
California Pistachios are grown and distributed by The Wonderful Company, the world’s largest vertically integrated pistachio processor and marketer located in California’s Central Valley. California Pistachios are Non-GMO, providing a smart, healthy choice for consumers around the world. Sun-ripened in the moderate Mediterranean climate of California, these distinctively green nuts pack taste and contain antioxidants and over 30 different nutrients. California Pistachios in India are available under leading brands and private labels at retail outlets, grocery stores, and online platforms.
For more information about California Pistachios India, please visit www.b2b.wonderfulpistachios.com
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SINGAPORE, May 31, 2024 /PRNewswire/ — Senior Minister of State for Communications and Information Tan Kiat How launched the Digital Enterprise Blueprint (DEB) at Asia Tech x Singapore (ATxSG) 2024 today. The Blueprint will enable SMEs to harness technology, optimise the way they work, and strengthen digital resilience and cybersecurity across the ecosystem. 50,000 SMEs are expected to benefit over the next five years through four key focus areas:
- Empower enterprises to be smarter by adopting AI-enabled solutions
- Enable enterprises to scale faster through cloud-based and integrated solutions
- Equip enterprises to be safer through improved cyber resilience
- Support enterprises to upskill workers to make full use of digital capabilities
Seven partners have come onboard to pledge their commitment, including Singapore Business Federation, Singapore Computer Society, SGTech, Amazon Web Services, Google, Microsoft and Salesforce.
In collaboration with IMDA and the TechSkills Accelerator for ITE and Polytechnics Alliance, SGTech is launching the Tech Apprenticeship Programme to expand the career pathways of graduates by providing access to industry apprenticeships that offer on-the-job training and development opportunities. Over the next two and a half years, SGTech aims to facilitate the placement of at least 300 apprentices who are fresh or mid-career professionals from polytechnic or ITE backgrounds, and drive the adoption of similar practices that promote more inclusive hiring and career agility.
IMDA and the Singapore Academy of Law (SAL) signed an MoU aimed at uplifting the legal sector’s productivity through the use of GenAI. As part of this partnership, GPT-Legal, a new large language model which is contextualised for Singapore’s legal sector, will be co-developed. The model will be integrated into SAL’s research platform LawNet, which is accessible by 75% of Singapore’s lawyers. SAL will also be penning an MoU with the National University of Singapore and AI Singapore to develop its AI capabilities and create a certification to recognise AI specialists in the legal profession.
Additionally, Tribe and Digital Industry Singapore announced a collaboration with NVIDIA to launch the Ignition AI Accelerator for AI startups to create and bring to market the next wave of advancement in AI solutions. This programme will nurture 15 high-potential startups, equipping them with well-rounded support covering business and technical needs. NVIDIA and Tribe will also collaborate with EnterpriseSG to offer qualified AI startups funding support through the Startup SG Tech scheme, and assist them through the IMDA Accreditation process.
Singapore hosted the final meeting of the UN Secretary-General’s Artificial Intelligence Advisory Body (AIAB) from 28-29 May. As part of the agenda, Singapore facilitated an engagement session between AIAB and the Digital Forum of Small States (Digital FOSS). Digital FOSS Fellows exchanged views with AIAB members on the topic of AI governance, particularly on the implications and challenges faced by small states. Through such efforts, Singapore aims to promote a more inclusive approach towards shaping global AI and digital governance.
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SHENZHEN, China, May 31, 2024 /PRNewswire/ — By 2040, the burden of colorectal cancer (CRC) is projected to increase to 3.2 million new cases and 1.6 million deaths per year representing a 66% and 71% rise in new cases and deaths respectively relative to 2020.
To better address the global burden of CRC and reduce its impact, BGI Genomics has launched the second edition of its global CRC awareness report, covering 1,938 respondents from Brazil (306), China (367), Poland (300), Saudi Arabia (300), Thailand (362), and Uruguay (303):
CRC Screening Gaps Vary Globally: Nearly half (49.3%) of global respondents have never undergone CRC screening, with the highest proportions in Saudi Arabia (62.0%) and Poland (61.0%).
Preference for Fecal Testing Over Colonoscopy: Although colonoscopies are more recognized (33.4%), fecal tests at healthcare facilities are preferred (31.8%), reflecting a trend towards non-invasive methods.
Cost and Fear are Determinants of Screening Choice: Fear of colonoscopy (18.2%) and screening costs (17.7%) are major barriers to CRC screening. Poland (24.7%) and Uruguay (21.0%) show the highest fear of colonoscopy, while Thailand (24.5%) and Brazil (20%) indicate the most concern about costs.
Medical Advice and Family History Drive CRC Screening: Doctor’s recommendations are a major driver for CRC screening (30.5% globally), with Uruguay showing the highest adherence (44.1%). Additionally, those with a family history of CRC are more proactive in screening (64.5%), compared to the general population (35.0%).
Prof. Varut Lohsiriwat from Mahidol University offers his insights to this report. He suggested: “The essence of effective cancer screening lies in the acceptance and adherence of the patient to the screening method. The best screening method is the one that the patient accepts and adheres to because that’s the method that will actually benefit them.”
Dr. Zhu Shida, BGI Genomics Deputy GM, notes: “At BGI Genomics, we focused our efforts on developing advanced molecular biology testing techniques to close the gap [between acceptance and accessibility]. The ultimate goal is to transform colorectal cancer from a life-threatening disease into a manageable condition through widespread, early screening and intervention.”
For more region-level comparisons, access the full BGI Genomics 2024 State of CRC Awareness Report.
All data involved in this report come from the results of an online survey project conducted by BGI Genomics. It only surveys awareness related to colorectal cancer and does not involve personally identifiable data.
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View original content:https://www.prnewswire.co.uk/news-releases/one-in-six-globally-concerned-about-colorectal-cancer-screening-costs-302159170.html
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New Study Reveals Majority of Indians Prioritize Nutrition Over Taste, Surpassing Global Average
Singapore Prepares Ahead to Leverage Artificial Intelligence for a Better Future
One in Six Globally Concerned About Colorectal Cancer Screening Costs
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