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June 18th - According to CNN, the English version of the 14-point US-Iran memorandum of understanding is less than 800 words, leaving many details for later additions, including the sensitive issue of Irans nuclear program. However, the memorandum does promise substantial funding for Iran—by lifting sanctions, Iran could sell oil to the world and potentially gain access to billions of dollars in frozen assets and $300 billion in financing support. The Trump administration is keen on reaching "multi-point" agreements. The agreement aimed at ending hostilities in the Gaza Strip was a 20-point plan, while the failed plan to end the Russia-Ukraine conflict was a 28-point plan.A Reuters poll shows that despite assurances from the Japanese government that supplies are sufficient, almost all Japanese companies are concerned about purchasing oil and petroleum products.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.98% to 51,492.55 points, the S&P 500 fell 1.21% to 7,420.1 points, and the Nasdaq Composite fell 1.34% to 26,021.66 points. Salesforce fell over 4%, with Microsoft falling over 3%, leading the decline. The Wind U.S. Tech Big Seven Index fell 2.4%, with Facebook falling over 5% and Microsoft falling over 3%. SpaceX fell nearly 5%. The Nasdaq China Golden Dragon Index fell 1.14%, with Canadian Solar falling over 4% and Beike falling over 3%. Technology stocks led the decline, and Treasury yields surged. 2. The three major European stock indexes closed mixed. The German DAX rose 0.10% to 24,934.67 points; the French CAC40 fell 0.20% to 8,430.79 points; and the UK FTSE 100 rose 0.14% to 10,508.61 points. 3. The WTI crude oil futures contract closed down 0.35% at $75.01 per barrel; the Brent crude oil futures contract fell 0.38% to $78.66 per barrel. 4. International precious metals futures generally closed lower, with COMEX gold futures down 1.79% to $4276.30 per ounce and COMEX silver futures down 2.93% to $67.96 per ounce.Iranian Foreign Ministry spokesman: It has not yet been confirmed that Iran and the United States will hold talks in Switzerland on Friday.Iranian Foreign Ministry spokesman: Iran must be able to sell its oil smoothly, with no obstacles in transportation and insurance, and must receive the revenue from the oil sales.

DEX dYdX Blocks Tornado Cash Affiliated Accounts Citing US Sanctions

Jimmy Khan

Aug 12, 2022 14:47

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This week, the Office of Foreign Asset Control (OFAC) and the US Treasury imposed an outright ban on Ethereum, putting the decentralized non-custodial privacy solution therein in serious jeopardy.


The government not only forbade its residents from utilizing the services, but it also established similar guidelines for cryptocurrency firms, telling them not to collaborate with the platform. Since that time, dYdX has been the first decentralized exchange to take action in its direction.

After a tornado, dYdX

The DEX gave its clients an explanation of the cause of the Tornado Outage on the platform in a blog post published yesterday.


As the $625 million Axie Infinity Ronin Bridge assault, where Tornado was utilized as a way to transport the stolen cash around, is one of the most well-known hacks in the history of cryptocurrency, the OFAC banned Tornado Cash.


Beyond this, however, Tornado's privacy regulations made it a go-to for thieves. Thus, the OFAC declared it obligatory to avoid Tornado Crash in order to eliminate the likelihood that the same would be sponsored from inside the nation.


As a result, a sizable number of customers saw that dYdX had disabled their accounts because of their connection to Tornado Cash, according to what the DEX had to say.


"This sudden influx of flags affected many account holders who have never directly interacted with Tornado Cash, and frequently such users do not realize the origin of the funds transferred to them during various transactions prior to interfacing with our platform, but we must nonetheless maintain certain restrictions," said Tornado Cash.

A terrifying storm with a tornado

Things started to fall apart as the crypto facilitator platform dealt with OFAC prohibitions, and in only three days, the network's native token, TORN, reached new lows.


Trading for TORN was spotted at $16.3, down from $30 less than a week ago, a drop of more than 45%.


Investor losses as a result of this abrupt blacklisting are unprecedented since the platform has been permanently blacklisted, making it unable to recoup from the price collapse of 45%.


And now that both DeFi and non-DeFi crypto exchanges are acting in this way, things are only going to grow worse for TORN moving ahead.

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