✅ Jade City Sets Sail: China Welcomes First Jade Shipment from RWA Platform!

🌟 Nestled in the heart of a jade-rich land, Jade City celebrates a significant milestone as it ships its maiden batch of jade to China's vibrant Guangdong province. This move is more than just a delivery; it's a voyage towards profit and the launch of an innovative RWA tokenization platform.

💰 With a recent $2.1 million boost, Jade Vault has paved the way for this venture by investing in a Kazakhstani jade mine. By unlocking the doors to the $50 billion jade market, Jade City aims to break down barriers and challenge the status quo dominated by a select few.

↪️ In China, jade reigns supreme, embodying not only beauty but also purity, integrity, and social standing. Its allure surpasses even that of gold, with craftsmanship turning raw jade into priceless works of art.

💼 Looking ahead, Jade City plans to introduce groundbreaking financial instruments like jade-backed bonds, offering investors enticing returns through tokenized ownership. Imagine trading these digital gems or even winning real-life treasures through an exciting virtual experience!

⛏️ Myanmar's once-dominant role in the jade trade faces challenges due to dwindling reserves and political unrest. Jade City's CEO, William Ralston-Saul, recognizes this opportunity to meet growing demand with fresh supply, stating, "We're ready to bring new jade to the market."

💎 Quality matters greatly in this gemstone realm, where prices can range from modest sums to jaw-dropping millions. Just consider the legendary Cartier Jade bead necklace that fetched an astonishing $27 million at auction!

🔥 As profits flow in, Jade City pledges to reward its JCT token holders through a unique "buy and burn" mechanism, reinvesting in the platform's growth and the community's success.

🌐 By embracing blockchain technology, Jade City aspires to transform the jade trade, historically marred by illicit activities and opaque practices. With transparency and accessibility at its core, this digital revolution aims to democratize one of the world's most precious gem markets.

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➡️ Crypto Donations Aid Hurricane Relief Efforts: Web3 Organizations Step Up

🌪 Hurricane Helene and Hurricane Milton have wreaked havoc across multiple states, leaving a trail of destruction in their wake.

🚀 In a digital twist to traditional giving, several Web3-focused organizations are now accepting cryptocurrency donations to assist the affected communities.

➡️ The Giving Block, a crypto charity platform, has set up the "Hurricanes Helene & Milton Emergency Response Fund", collaborating with nonprofits like "Save The Children" and "Project Hope" to ensure aid reaches those in need.

🟢 Not stopping there, The Giving Block's CEO's parent company, Shift4, is generously matching the next $500,000 in donations, doubling the impact.

🔗 The Blockchain Association has compiled an online directory featuring prominent charities such as "Catholic Charities" and "The Salvation Army," offering direct links for crypto contributions.

💡 Crypto philanthropy platform Givepact is also doing its part by highlighting local charities like the "Florida Wildlife Federation" and "BeLoved Asheville," encouraging crypto donors to lend a helping hand.

🚨 CEX.IO Power Tap Update 🚨

Tap-to-earn game CEX.IO Power Tap, is gaining serious momentum!

The team has been teasing some big news for a while now: the Airdrop is planned for the end of 2024, and it’s set to be absolutely mind-blowing 💥

Unlike typical projects, PowerTap isn’t about wild token dumps or shallow hype. This is something built to last, with real value behind it 💪

🔥 Don’t sleep on this one — this is the chance to jump on board early. Big things are coming!

Get Ready for the Next Breakout of $UBX! 🙈

With 7 years of steady growth, UBIX Network has proven its resilience in the crypto space, delivering real-world products that solve practical problems. Backed by an innovative hybrid DAG protocol, UBX drives transactions, staking, and governance within the ecosystem 💼

Unlike traditional blockchains that can face bottlenecks and slow transaction times, UBIX’s DAG structure allows for faster transaction speeds, higher throughput, and lower fees⚡️

The UBX coin is currently undervalued, with a market cap under $1 million!

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🌐 Ripple's RLUSD Stablecoin Takes on the World with Top Partners

➡️ Crafted for Enterprise, Built for Trust
Ripple's latest offering, RLUSD, isn't just another stablecoin. It's a meticulously designed digital asset that puts regulatory compliance and financial trustworthiness front and center.

➡️ Guided by the Best in the Business
With an advisory board featuring heavyweights like Sheila Bair and Chris Larsen, Ripple is leaving no stone unturned in ensuring RLUSD's success.

➡️ Regulation is Key
Operating under a New York Trust Company Charter, RLUSD will be subject to strict regulatory oversight from day one. This is Ripple's way of saying, "We're serious about doing things right."

💱 Available Everywhere You Trade
From Bitstamp to Bitso and Bullish, major exchanges are lining up to offer RLUSD. Whether you're an institutional investor or a retail trader, this stablecoin has got you covered.

⚖️ Stability for Global Transactions
Cross-border payments can be a headache, but RLUSD aims to change that. By reducing volatility and partnering with market makers like B2C2 and Keyrock, Ripple wants to make your international transactions smoother than ever.

📈 More Than Just Payments
RLUSD isn't stopping at payments; it's eyeing real-world asset tokenization too. Imagine trading commodities and securities on the blockchain – that's the future Ripple envisions.

💼 The CEO Speaks
Brad Garlinghouse himself believes that RLUSD is set to become the go-to stablecoin for enterprises. With a focus on compliance and demand already building up, it's hard to argue with his optimism.

💰 Backed by Real Value
Transparency is key in the world of stablecoins, and Ripple knows it. Monthly reports from independent auditors will verify that each RLUSD token is backed by a solid mix of U.S. dollar deposits, government bonds, and cash equivalents.

⚖️ Binance Vs SEC Lawsuit: Court Issues Major Orders, Stuns Crypto Market 😱

Multiple orders issued by Judge Amy Berman Jackson sends Ripple through the crypto market.

👉 Read more

🏦 CMB Wing Lung Bank Launches Virtual Asset ETF Trading in Hong Kong

🌟 CMB Wing Lung Bank has launched virtual asset exchange-traded fund (ETF) trading services in Hong Kong, becoming one of the first mainland-funded banks to do so. This new service enables customers to trade virtual asset ETFs, including those linked to major cryptocurrencies like Bitcoin and Ethereum, as well as ETFs focused on blockchain technology.

📈 The bank's offerings include access to both spot and futures ETFs on the Hong Kong Stock Exchange. A dedicated ETF section has been added to its mobile app, providing users with tools for real-time market tracking, educational materials, and seamless trading for both Hong Kong and U.S. stocks. Additionally, a Popular ETF Rankings feature has been introduced to help investors monitor market trends and identify potential opportunities.

🌍 Lam Suk-fan, Assistant General Manager of CMB Wing Lung Bank, emphasized that this new offering aligns with Hong Kong’s vision of becoming a global hub for virtual assets. He stated,

The Hong Kong Special Administrative Region Government is actively promoting the development of an international virtual asset centre.

Lam also mentioned that the bank will leverage its professional advantages in securities trading and wealth management, adhere to a customer-centric approach, and fully comply with regulatory policies to provide efficient and convenient virtual asset investment services to Hong Kong residents.

🚀 The press release indicated that CMB Wing Lung Bank plans to continue promoting financial innovation and enhancing its financial products and service system. The bank aims to develop into a commercial bank in Hong Kong that offers customers comprehensive cross-border and local financial services.

🛡 Transak Faces Ransomware Attack by Stormous

🔍 Transak, a fiat-to-crypto payment gateway, recently fell victim to a ransomware attack by the group Stormous on October 20, compromising the data of thousands of users. The company revealed that an attacker gained unauthorized access to an employee's laptop through a sophisticated phishing attack. This breach allowed the attacker to log into the system of a third-party KYC vendor used for document scanning and verification, resulting in access to specific user information stored in the vendor's dashboard.

📊 During the incident, the attacker obtained names, dates of birth, ID documents, and user selfies of over 92,000 customers. However, no financially sensitive information was compromised, including credit cards, Social Security Numbers, email addresses, phone numbers, and passwords. Transak assured that their financial systems' security measures remain robust and that they continue to protect all critical data to ensure the highest level of privacy and security for their users.

🔍 In response to the incident, Transak has engaged a cybersecurity firm and top forensic experts to investigate the hacking incident. The company has promised to contact affected users with resources to help them further protect themselves. Despite the breach, Transak stated that there is "no indication" that any of the stolen data has been misused.

We deeply empathize with how frustrating and disappointing this must be for the affected users

Our top company priority is taking action to protect users and fix any vulnerabilities to ensure nothing like this ever happens again.

🌟 The Stormous ransomware group has claimed responsibility for the attack and has even published some of the stolen Transak user data on its website. While an unnamed ransomware group reportedly claimed to have obtained financial data in the hack, Transak appears unwilling to negotiate with the alleged attacker.

⚠️ This breach could have significant repercussions as major players in the crypto industry, including Coinbase, BinanceUS, Trust Wallet, and others, rely on Transak's services. According to reports, the employee involved in the incident has since "exited" Transak.

November’s your final fire, light it up before SEED listing's out of sight! 🔥

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💰 US Government-Linked Crypto Wallet Hacked for $20 Million

🚨 A crypto wallet associated with the US government, which contained Bitfinex seized funds, was reportedly hacked on Thursday, resulting in a loss of $20 million. According to blockchain intelligence firm Arkham, hackers drained Tether (USDT), USD Coin (USDC), aUSDC, and Ethereum (ETH) from the wallet. The stolen stablecoins were converted into ETH and transferred to multiple addresses labeled "Binance Deposit." Arkham suggests that the hacker has already started laundering the stolen funds through suspicious addresses linked to money laundering services.

⏳ Minutes before the hack, the US government withdrew $5.4 million from Aave, marking its first activity on that address in eight months. Additionally, another $1.12 million in Tether (USDT) was also pulled out. This timing raises questions about the security of government-linked crypto assets.

🔍 Blockchain investigator ZachXBT described the hack as "nefarious" and indicated that the flow of funds suggests theft was involved. This incident highlights the vulnerabilities even government-associated wallets face in the cryptocurrency space.

↪️ The hacked wallet was previously linked to a 2016 incident where a duo stole 120,000 Bitcoin (BTC), valued at approximately $8.2 billion today. The US Department of Justice seized these assets, marking it as one of the largest crypto seizures at that time. Investigators noted that the hacker's wallet used 1inch, an exchange aggregator, to swap stablecoins for Ethereum.

🔗 After the conversion, the Ethereum was shuffled in $40,000 chunks to a Binance deposit address. However, ZachXBT clarified that this was not a direct transfer to Binance but rather to "a nested exchange which uses Binance for liquidity." This incident underscores the complexities of tracing crypto transactions and the ongoing challenges in combating cryptocurrency-related crimes.

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📈 Hong Kong to Launch Benchmark Indices for Bitcoin and Ethereum

🌐 Hong Kong's bourse operator, HKEX, is set to enhance its role as Asia's digital asset hub by launching benchmark indices for Bitcoin and Ethereum on November 15. This initiative aims to address the global price discrepancies of virtual assets and provide investors with real-time benchmark prices to aid their decision-making.

💱 The HKEX Virtual Asset Index Series will include volume-weighted indices for Bitcoin and Ethereum, denominated in US dollars and updated in real-time. It will also feature daily exchange rates calculated at 4:00 pm Hong Kong time for settling financial products. This series will adhere to the European Union’s Benchmark Regulation (BMR) standards and will be managed in collaboration with a UK-registered benchmark administration entity, with contributions from CCData, a specialist in virtual asset data and index services.

📊 This launch aligns with Hong Kong's 2022 policy to build a robust virtual asset ecosystem and is expected to increase public awareness of virtual asset investment patterns through accurate, real-time data. Key components of this transformation include establishing licensing requirements for virtual asset service providers and formulating crypto regulations.

🛡 The Securities and Futures Commission (SFC) has played a crucial role in expanding retailv investor access to virtual assets by introducing mechanisms like Exchange Traded Funds (ETFs) for cryptocurrencies. Additionally, the SFC is expediting the licensing process for Virtual Asset Trading Platform (VATP) applicants with provisional approval. This accelerated process will involve on-site assessments and discussions with the senior leadership of these entities, with the regulator expecting to issue the first round of official licenses to VATP applicants before the year ends.