Democratic members of the U.S. Congress have called on the Treasury Department to explain the current situation surrounding Tornado Cash, a cryptocurrency mixing service sanctioned in 2022 but still operational.
Request for Information on Continued Operations
In a letter dated November 14, lawmakers, including prominent crypto critic Brad Sherman, expressed concerns about Tornado Cash's continued functionality.
“We are writing to request additional information on the ongoing operation of the Tornado Cash cryptocurrency mixing service despite the sanctions imposed,” the lawmakers stated. They highlighted that Tornado Cash remains functional due to its decentralized nature, distinguishing it from centralized mixers like Blender and Sinbad, which were also sanctioned.
Increased Usage of Tornado Cash
Lawmakers noted a significant rise in the use of crypto mixers this year. Tornado Cash processed deposits worth $1.8 billion in the first half of 2024, a 45% increase compared to the entire year of 2023. This trend, they stated, shows no signs of slowing down.

Allegations of Illegal Activities
The letter cited instances of Tornado Cash being used for illicit activities, including money laundering for cybercriminals, terrorist organizations, and sanctioned states. Tornado Cash was sanctioned in 2022 for allegedly facilitating the laundering of over $7 billion in cryptocurrency, including funds stolen by North Korean hacker groups.
Request for Detailed Information
Lawmakers asked the Treasury Department to provide the following:
Estimates of illegal activities conducted through Tornado Cash since sanctions were imposed.Details on enforcement actions against users and exchanges that utilized the service.Reports on suspicious activities and statistical data.Potential secondary sanctions against non-U.S. individuals or entities interacting with Tornado Cash’s mixed funds.
Call for New Regulations and Enforcement Tools
The lawmakers also inquired about progress on regulations for cryptocurrency mixers, particularly FinCEN's efforts to implement rules requiring financial institutions to maintain records of transactions involving mixers. They questioned whether the Treasury Department has sufficient tools to enforce these rules effectively and requested a response and staff briefing by December 2.
Legal Challenges and Ongoing Litigation
Tornado Cash faces not only political scrutiny but also legal battles. Advocates of crypto privacy have challenged the sanctions, arguing that a decentralized service should not be classified as an “entity” for the purpose of sanctions.
Roman Storm, a co-founder of Tornado Cash, is also facing legal challenges. His trial for money laundering and sanctions violations was recently postponed to April 2025. Storm was arrested in 2023 and accused of aiding the operation of the service.
The Future of Tornado Cash
Despite sanctions and legal obstacles, Tornado Cash remains active, thanks to its decentralized framework. Lawmakers are now pressing the Treasury Department to develop more effective measures to combat illicit activities associated with the platform.

#TornadoCash , #CryptoSecurity , #cryptoregulation , #digitalassets , #cybersecurity

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The French state bank, Caisse des Dépôts, has made a significant move in digital finance by issuing a €100 million ($108 million) digital bond. This transaction was settled using the pilot wholesale central bank digital currency (wCBDC) of France.
A Breakthrough in Digital Bonds with Blockchain Technology
The digital bonds were issued on the Euroclear Digital Financial Market Infrastructure (D-FMI) platform. This platform enables the issuance, distribution, and settlement of bonds using distributed ledger technology (DLT). Unlike traditional methods requiring several days, Euroclear facilitates settlement within a single day.
The bonds utilized Banque de France's DL3S system, a wholesale CBDC platform testing the interoperability of digital currencies with existing financial systems. Major French financial institutions, including Crédit Agricole and Natixis, participated in the issuance, with BNP Paribas serving as the issuing and paying agent.
Caisse des Dépôts Supports Financial Sector Innovation
Nathalie Tubiana, Head of Financial Policy at Caisse des Dépôts, stated that the bank joined the project to support innovation in the capital market sector. This initiative places France at the forefront of CBDC adoption.
Other major banks, such as UBS, HSBC, and Société Générale, are also experimenting with digital bonds. For instance, HSBC issued $130 million worth of bonds in Hong Kong under English law.
Norwegian Central Bank Explores CBDC
Meanwhile, the Norwegian central bank continues to explore the use of CBDC, particularly for cross-border payments. While the bank has yet to decide on issuing a digital krone, it emphasized that CBDC should complement cash and digital currencies rather than replace them.
According to Kjetil Watne of Norges Bank, it will be crucial to balance privacy protection with compliance with laws such as anti-money laundering (AML) and know-your-customer (KYC) regulations.
European MiCA Regulation in Norway
Norway plans to implement the European Markets in Crypto-Assets (MiCA) framework, approved by the European Parliament. MiCA allows countries to tailor rules to their needs, and Norway plans to introduce additional regulations to protect investors.
This development highlights how both France and Norway are seeking innovative ways to adapt their financial systems to the digital age, focusing on efficiency, security, and regulation.

#digitalassets , #BlockchainTechnology , #CryptoNewss , #cbdc , #France

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The CEO of HashKey has sparked speculation about a possible lift of China’s cryptocurrency ban, in light of the growing global interest in digital assets following Donald Trump’s victory in the U.S. election.
The executive of Hong Kong-based crypto exchange HashKey has stirred market discussions about a potential easing of China’s crypto ban following Trump’s electoral win. Chairman and CEO Xiao Feng expressed his belief that the Republican victory could revive China’s digital asset market. Feng’s comments have drawn attention to the Asian market, especially considering the impact of Trump’s return on the global crypto sector.
Is China’s Crypto Ban Likely to Be Lifted After Trump’s Victory?
Trump’s recent win in the U.S. has generated significant pro-crypto interest. The global crypto market has also experienced strong growth, which is raising optimism among investors worldwide. In this context, Hong Kong’s HashKey exchange has expressed immense optimism about a possible shift in China’s stance on cryptocurrency.
Xiao Feng recently stated: “If the U.S. Congress and the president clarify their support for cryptocurrencies, it could motivate China to adopt similar policies.” Since China banned cryptocurrency and mining in 2021, Feng’s comments have attracted substantial attention in the market.
Feng estimates it may take up to two years before China loosens its restrictions on digital assets. Market interest has also focused on China’s recent economic stimulus, which could support a rally for Bitcoin and altcoins. China has announced a significant increase in government bonds, along with subsidies for low-income citizens and support for the real estate market. This development has drawn significant attention to the Asian market, as it could impact the broader financial and crypto sectors.
Crypto Market Remains Bullish Following U.S. Elections
Meanwhile, the broader crypto market has seen several bullish events following the U.S. elections. Bitcoin (BTC) reached a new all-time high of $93,000, with altcoins following this upward trend.
Other reports indicate that the global cryptocurrency market cap has exceeded $3 trillion, attributed to the “Trump effect,” as institutional interest in digital assets grows amid the bull market. These positive market events could lead China to reconsider its cryptocurrency ban, as suggested by HashKey’s Chairman and CEO, Xiao Feng.

#ChinaCrypto , #cryptoregulation , #BTC☀ , #digitalassets , #donaldtrump

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As Bitcoin (BTC) dips below the $90,000 mark, significant shifts are emerging in the crypto space. Several U.S. states are now allowing Bitcoin as a method for tax payments, hinting at a potential new direction where the Federal Reserve may also consider holding BTC in its reserves.
What Are the Federal Reserve’s Bitcoin Plans?
Eleanor Terrett, a Fox Business correspondent, recently reported on a proposal from Republicans suggesting that the Federal Reserve acquire one million BTC for its reserves. Initially seen as far-fetched during Trump’s political uncertainty, this idea is now gaining traction, especially given Trump’s recommendations for changes in SEC leadership and pro-crypto regulation.
How Will State Adoption Impact Bitcoin’s Future?
With states beginning to accept Bitcoin, this initiative boosts both its demand and legitimacy. These moves, combined with Trump’s potential influence on the Fed’s reserve strategy, may signal a new era for cryptocurrencies. However, it’s essential to note that expectations and reality can often differ significantly.
Several U.S. states are now accepting Bitcoin for tax payments.The Federal Reserve may consider BTC as a potential reserve asset.Trump’s proposals for pro-crypto regulations could further support this trend.The Pennsylvania House recently passed legislation recognizing Bitcoin as a reserve asset.
Growing acceptance of Bitcoin by state governments reflects a broader trend recognizing its value within financial systems. This shift may potentially reshape currency management in the U.S. As this development unfolds, the intersection of politics and cryptocurrency continues to capture the attention of both the public and market participants.

#cryptotax , #CryptoPolicy , #digitalassets , #cryptoregulation , #BTC☀

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A 32-year-old woman has been charged with the murder of Kevin Mirshahi. It remains unclear if the case is connected to his involvement in cryptocurrencies.
Body Discovered in Montreal Park
The remains of Kevin Mirshahi, a well-known crypto influencer, were found on October 30 in Montreal’s Île-de-la-Visitation Park. Local media report that his identity was confirmed after an autopsy. Mirshahi had been missing since his abduction from an apartment in Montreal in June.

Disturbing Trend of Kidnappings and Murders in the Crypto World
Mirshahi’s case highlights an increasing trend of kidnappings and murders related to the cryptocurrency industry, often driven by attempts to steal or recover large sums of money. Recently, Dean Skurka, CEO of Canada’s WonderFi, reportedly paid a $1 million ransom after his abduction.
Murder Investigation Continues
The investigation into Mirshahi's death remains ongoing. In August, a 32-year-old woman named Joanie Lepage was arrested and charged with his murder. Mirshahi was a prominent figure in Montreal’s crypto community, where he led a private investment firm called "Crypto Paradise Island."
Financial History Under Scrutiny
It is unclear whether Lepage was an investor in his firm, though some voices on social media accuse Mirshahi of fraudulent activities. In 2021, Mirshahi was banned from performing brokerage and investment advisory services, and was ordered to cease posting related content on social media. This ban was extended on July 4 of this year.
Similar Kidnappings Worldwide
Several similar cases have emerged in recent months involving crypto-related kidnappings and murders. In Kyiv, suspects were arrested in connection with the abduction and murder of a Bitcoin investor. Meanwhile, in Malaysia, several individuals were charged with kidnapping a Chinese citizen and demanding a ransom in stablecoins.

#CryptoNewss , #cryptocrime , #cryptoregulation , #CryptoCommunitys , #digitalassets

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The Cardano Foundation, a non-profit organization supporting the development of the Cardano ecosystem, reported total assets of $478 million in 2023. The majority of these funds were held in ADA tokens, followed by Bitcoin and U.S. dollars.
Cardano Foundation's Financial Report
On November 13, the Cardano Foundation published its annual Financial Insights Report for 2023. The report aims to ensure transparency in how the foundation utilizes its funds, focusing on key areas like education, adoption, and ecosystem resilience. CEO Frederik Gregaard highlighted that the report reflects the organization’s open-source philosophy and commitment to transparency.

Details of Cardano Foundation's Assets
According to the report, the foundation held $478.24 million in assets at the end of 2023. Of these funds, 82.5% were held in ADA, 10.1% in Bitcoin, and the remainder in U.S. dollars. The funds originated from an initial ADA endowment and earnings from ADA staking.
Allocation of Funds Across Key Areas
The foundation invested $19.22 million in three core focus areas. An additional $4.55 million was allocated for operational costs, supporting the foundation’s capacity to expand its projects.
Strengthening Network Resilience and Reliability
A total of $2.12 million was spent on operational resilience, with the foundation noting that these funds were used to enhance Cardano as a viable infrastructure for institutional use. Activities included maintaining network reliability, running the network uninterrupted for over 2,000 days, testing decentralized governance mechanisms at the University of Zurich, and supporting the Valentine hard fork.
Education as a Core Focus Area
With an investment of $4.18 million, the foundation focused on providing reliable information to support regulatory clarity, blockchain research, and enterprise adoption. Initiatives launched included the Cardano Academy, Cardano Explorer, and the Let's Talk webinar series. The foundation also highlighted its participation in the 2023 Cardano Summit in Dubai.
Supporting Adoption
Adoption remains another primary focus for the Cardano Foundation, with $12.92 million allocated to this area. This continues to be a critical priority for the foundation, receiving significant financial support.

#CardanoADA , #BTC☀ , #CryptoNewsCommunity , #CryptoNewss , #digitalassets

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Daren Li, facing up to 20 years in prison, has admitted to his role in laundering money in a $73 million cryptocurrency scam. This dual Chinese-American citizen has been charged with laundering funds obtained through various cryptocurrency scams.
Confession to Money Laundering Conspiracy
Daren Li, 41, pleaded guilty to conspiracy to commit money laundering. According to prosecutors, he was involved in a scheme that generated millions of dollars from cryptocurrency investment scams, including "pig butchering," from August 2021 to April 2024. The plea agreement was filed on November 11 in a California federal court.

Use of Fake Accounts and Crypto Transfers
Li admitted to orchestrating the opening of bank accounts in the U.S. under fake companies to "conceal or disguise the nature, location, source, and ownership" of the funds. After victims transferred money to these accounts, the funds were converted to Tether and subsequently distributed to wallets controlled by Li and his accomplices. One wallet involved in the scheme received over $341 million in digital assets.
Organized Money Laundering Through Fake Companies
Nicole M. Argentieri, head of the Justice Department’s Criminal Division, stated that Li committed the crime from abroad using "a network of shell companies and international bank accounts." Li also admitted that $73.6 million of stolen funds were directly deposited into bank accounts linked to the scheme, with at least $59.8 million deposited from U.S.-based shell companies.
Arrest and Sentencing Threat
Li was arrested on April 12 at Atlanta Airport, while his alleged accomplice, Yicheng Zhang, was arrested in Los Angeles on May 16. After pleading guilty, Judge R. Gary Klausner scheduled Li's sentencing for March 3, 2025.
Potential Sentence and Restitution
Li now faces up to 20 years in prison, three years of supervised release, and a fine of $500,000 or twice the amount of proceeds from the crime, whichever is greater. The court may also require Li to pay restitution to the victims, ranging from $4.5 million to $73 million.

#Cryptoscam , #cybersecurity , #cryptoregulation , #digitalassets , #CryptoNewss

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Cathie Wood, CEO of ARK Invest, believes that a leadership change within the U.S. Securities and Exchange Commission (SEC) could stimulate the economy and bring new innovation and investment into advanced technologies.
Deregulation and Investment Opportunities
“Deregulation, limiting the activities of the SEC, the Federal Trade Commission (FTC), and other agencies, reducing government spending and taxes, and supporting technology-driven innovations will likely revitalize the U.S. economy,” Wood said in a video shared by ARK Invest on X on November 11.
Clearer Investment Environment Post-Election
“We now have a clearer view of the investment environment after the elections,” Wood said in the video, noting, “Perhaps the most significant change will be the new approach by some regulatory agencies like the SEC and FTC.”
She added that the SEC has so far been “a threat to digital assets,” and that due to SEC Chair Gary Gensler, many talents have moved abroad.
“This approach will soon change,” she said, noting that newly elected President Donald Trump has a very positive stance on Bitcoin and, according to her, will likely support cryptocurrencies and DeFi as well.

Plans for Bitcoin and Innovative Technologies
“Bitcoin is largely part of the new administration's plans, including considerations to establish a strategic Bitcoin reserve, which we’re very excited about,” Wood stated. She expects an “explosion in productivity growth” across innovative areas like robotics, energy storage, artificial intelligence, and blockchain technology, predicting that these technologies will drive significant GDP growth.
Three Key Areas of Growth
Wood anticipates that three areas—autonomous mobility, healthcare, and digital assets—will thrive in this new investment environment. “The 1980s and 1990s were the ‘golden age’ of stock investing, and I believe we are returning to that now,” she said, pointing to Trump’s plans for tax cuts and lower interest rates, which she sees as beneficial for economic growth.
Optimism About Improved Regulatory Environment
On November 10, a16z echoed similar optimism, expressing confidence that the regulatory environment in the U.S. will soon improve. “We are very optimistic that the government will now support innovation, accelerate progress, and allow the crypto ecosystem to thrive in the U.S.,” stated a16z Crypto’s legal experts and policy advisors Miles Jennings, Michele Korver, and Brian Quintenz.

#cryptoregulation , #digitalassets , #BTC☀ , #Debate2024 , #CryptoNewss

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Cryptocurrency trading is exciting and potentially lucrative, but it’s also highly volatile and comes with inherent risks. Effective risk management can be the difference between long-term success and major losses. 
Here, we’ll break down the essentials of risk management in crypto trading and how you can use these principles to protect your investments.
Why Risk Management is Essential in Crypto Trading
Crypto markets are volatile, often swinging drastically within short periods. While this volatility presents opportunities for gains, it also increases the potential for losses. 
Proper risk management helps limit these losses, ensuring that one bad trade doesn’t wipe out your portfolio. 
The ultimate goal is capital preservation, which allows you to continue trading even after inevitable market fluctuations.
1. Set Your Risk Tolerance
Before placing any trade, determine your risk tolerance. Risk tolerance is the amount of risk you’re comfortable taking. 
Some traders are aggressive and willing to take high risks for big gains, while others prefer a conservative approach. Ask yourself:
- How much can I afford to lose on a single trade?
- What’s my overall goal in crypto trading – short-term gains or long-term growth?
Setting clear risk tolerance helps you avoid emotional decisions, allowing for consistency in your trading strategy.
2. Use Stop-Loss and Take-Profit Orders
Stop-loss and take-profit orders are essential tools for managing risk. Here’s how they work:
- Stop-Loss Order: This is an order set at a certain price level to limit losses. If the price hits this level, the asset is automatically sold, minimizing the loss.
- Take-Profit Order: This order closes a position once it reaches a specific profit target. It’s designed to lock in gains before the market turns.
By using these orders, you don’t have to monitor the market 24/7, and you can stick to a predetermined risk and reward ratio.
3. Diversify Your Portfolio
It’s tempting to go all-in on one promising asset, but diversification can protect you from heavy losses. By spreading your investment across different coins or assets, you reduce the impact of a drop in any single asset. A diversified portfolio might include:
- Established coins like Bitcoin or Ethereum
- Mid-cap altcoins with growth potential
- Stablecoins for low-risk capital preservation
Diversification doesn’t eliminate risk, but it helps manage it by balancing your exposure.
4. Limit Leverage Usage
Leverage allows traders to borrow funds to increase their position size. While this can amplify gains, it also multiplies losses. If you’re new to crypto trading or have a low-risk tolerance, it’s wise to avoid or use minimal leverage.
Even experienced traders use leverage cautiously, as it significantly increases the stakes.
To practice safe trading with leverage:
- Start small, and only use leverage when you’re confident in your strategy.
- Avoid high leverage (e.g., 50x or 100x), as it dramatically increases risk.
5. Practice the 1-2% Rule
A widely accepted risk management principle is the 1-2% rule. This rule suggests never risking more than 1-2% of your trading capital on a single trade. 
For example, if your total capital is $1,000, limit your risk per trade to $10-$20. 
This approach protects you from substantial losses and allows you to recover even after a series of losing trades.
6. Keep Emotions in Check
Fear and greed are the two most dangerous emotions in trading. Fear can lead to selling at a loss, while greed might push you to hold on too long, hoping for unrealistic gains. 
Discipline is key – stick to your strategy, trust your analysis, and avoid emotional trading decisions.
A strong strategy paired with consistent risk management can help you keep your emotions under control, even in a volatile market.
7. Regularly Review and Adjust Your Strategy
Risk management isn’t static; it should evolve based on your experiences and market conditions. Regularly review your trading performance, identify what’s working and what isn’t, and adjust accordingly.
Crypto markets can change rapidly, so staying adaptable is essential for long-term success.
Empower Your Trading with CryptoTradeMate
Mastering risk management requires a reliable platform that supports your trading needs.
CryptoTradeMate offers tools and insights to help you stay on top of the markets and make informed decisions. Whether you’re just starting out or looking to refine your strategy, CryptoTradeMate is here to support you on your journey.
Conclusion
Risk management is the foundation of successful crypto trading. By setting a risk tolerance, using stop-loss orders, diversifying, limiting leverage, following the 1-2% rule, controlling emotions, and regularly reviewing your approach, you can safeguard your investments and stay on course.
With CryptoTradeMate as your ally, you’ll be better equipped to navigate the volatile crypto landscape with confidence. 
$BTC
#CryptoTrading. #RiskManagement" #CryptoSafety #digitalassets #CryptoTradeMate

NFTs, or non-fungible tokens, are unique digital assets that can represent anything from art to music to gaming items. But what if NFTs could also represent real estate properties, and allow users to earn passive income from them?That's the idea behind Landshare, a platform that brings real estate to the Binance Smart Chain, offering a new way to invest in tokenized real estate. Landshare allows users to buy and sell shares of real estate directly on the blockchain, using RWA Tokens. Each RWA Token represents a share of Landshare's real estate assets, which are carefully selected and managed by professionals. Users can earn passive income from the rental yield and appreciation of the properties, as well as enjoy various DeFi features.One of the most innovative features of Landshare is its NFT ecosystem, which enables users to multiply their yields by staking RWA Tokens and upgrading their NFTs. Landshare NFTs are stylized 3D models of the real-world properties sold on the platform. Each NFT acts as a yield multiplier for the staked RWA Tokens, granting additional LAND rewards. LAND is the platform's governance and utility token, used for payment, staking, DAO governance, and more.Users can obtain NFTs by buying RWA Tokens, which grant NFT Credits that can be used to mint new NFTs or upgrade existing ones. Users can also view detailed information about each property, such as value, cash flow, and expenses, on the RWA Portal, which is updated on-chain with Chainlink using trusted valuation models.Landshare is a platform that aims to revolutionize real estate investment by bringing it to the blockchain. By offering real estate NFTs, Landshare hopes to attract more users and investors to the growing Web3 ecosystem. #Landshare #tokenization #RWA #RealEstate #digitalassets