Hackers Steal $23 Million From Bitrue, Canon USA To Launch NFT Marketplace, HashKey Launches Wealth Management Platform, Ripple Reveals Liquidity Hub

Get your daily, bite-sized summary of cryptoassets and blockchain-related news – examine the stories that fly under the radar of today’s crypto news.
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Security news

• Hackers stole $23 million from a wallet belonging to the Singapore-based crypto exchange Bit threat. “We have identified a short exploit in one of our hot wallets 07:18 (UTC), 14 April 2023. We were able to resolve this matter quickly and prevented further exploitation of funds. We are taking this matter seriously and are investigating currently. the situation,” Bitrue so. To conduct additional security checks, Bitrue will temporarily suspend all withdrawals and reopen them on April 18, it added.

NFT news

• Canon USAthe American arm of the camera and imaging giant, so it will launch an Ethereum non-fungible token (NFT) marketplace dedicated to photography this year. According to its website, Cadabra is a curated photography marketplace that offers a selection of NFTs from innovative creators. It “aims to empower creators by connecting them with enthusiastic collectors who celebrate the art of photography through a shared appreciation for these digital works of art,” it added.

Investment news

• Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform aimed at professional and institutional investors, HashKey wealth. “Despite recent market volatility, there is significant demand from investors to access virtual assets,” it said. The company also announced an upgrade to its Over-the-Counter (OTC) trading business, which includes “plans to expand the number of token offerings in the spot market as well as increase liquidity coverage to 24/7 around the clock.”
• Fintech company Ripple has launched its liquidity solution for companies, Ripple Liquidity Hub, “created in response to the gap and inefficiency associated with bridging the world of crypto and fiat,” the press release said. The company launched “a successful pilot” last year, and said Liquidity Hub is now publicly available to provide businesses with a way to manage their crypto-liquidity needs.
• The bailout investor of the troubled crypto exchange Zipmex is now offering to give just 10 to 20 cents on the dollar to creditors, while initially promising to give 100% payment, The Block reported. “We are instructed that at the beginning of April 2023 the subscriber has now verbally represented that the subscriber is now only willing to consider a compromise to creditors of the arrangements resulting in a return to creditors of between 10c to 20c on the dollar of their existing debt, ” the news agency quoted another letter Supreme Court of Singaporeallegedly submitted by Zipmex’s lawyers, Morgan Lewis Stamford.

Wallet news

• Financial app Curve announced the launch of a new feature that enables customers to transfer their crypto rewards from trading transactions to their own digital wallets. The new feature is available to US and UK based Curve customers.

Market news

• Regulated blockchain infrastructure platform Paxos launched its How the Crypto Winter can help save the digital asset economy white paper. “Gathers insights from Paxos’ management team and insiders from cryptocurrency market data provider Kaiko,” the white paper “offers a look under the hood of the crypto industry following historic disruptions at the end of 2022 and beginning of 2023,” the press release said.

Crime news

• The police in San Francisco, USA, have made an arrest in the murder of Bob Lee, the product manager of MobileCointhe creator of Cash Appand the former payment company Block (earlier The square), saying he was killed by a person he knew, The Washington Post reported. Nine days after the fatal stabbing of Lee, authorities announced Thursday the arrest of 38-year-old technology consultant Nima Momeni, who was booked into a San Francisco jail and charged with murder.