Crypto Alert: Bitrue Hack, Canon NFT Launch, HashKey Wealth, Ripple Liquidity

In today’s crypto news, Singapore-based exchange Bitrue has fallen victim to hackers who stole $23 million from one of its hot wallets. As a result, Bitrue has temporarily suspended all withdrawals to conduct additional security checks and prevent further exploits.

Meanwhile, Canon USA, the American arm of the camera and imaging giant, has announced plans to launch an Ethereum-based NFT marketplace called Cadabra that focuses on photography. The marketplace aims to connect innovative creators with enthusiastic collectors who appreciate the art of digital photography.

Crypto Alert: Bitrue Hack, Canon NFT Launch, HashKey Wealth, Ripple Liquidity

In the investment realm, Hong Kong-based HashKey Group has launched HashKey Wealth, a new wealth management platform targeting professional and institutional investors who are interested in virtual assets. Despite recent market volatility, HashKey Group recognizes the significant demands from investors to access digital assets and aims to cater to their needs.

Ripple, the fintech firm, has also introduced its liquidity solution for businesses, Ripple Liquidity Hub, which addresses the gap and inefficiencies associated with bridging the world of crypto and fiat. After a successful pilot launch last year, Liquidity Hub is now publicly available to help businesses manage their crypto liquidity requirements.

In wallet news, financial app Curve has rolled out a new feature that allows its customers in the US and UK to transfer their crypto rewards earned from merchant transactions to their own digital wallets, providing them with more flexibility and control over their crypto assets.

In market news, Paxos, a regulated blockchain infrastructure platform, has released a whitepaper titled “How the Crypto Winter May Help Save the Digital Asset Economy”, offering insights into the crypto industry in the aftermath of historic disruptions that occurred at the end of 2022 and the beginning of 2023.

Lastly, in crime news, San Francisco police have made an arrest in the murder case of Bob Lee, the chief product officer of MobileCoin and former CTO of Block (previously Square). The suspect, a 38-year-old tech consultant named Nima Momeni, has been charged with murder, and authorities have revealed that Lee was killed by someone he knew.

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