EUR/USD 1.14859
0.096%
Gold 4376.53
0.805%
Oil 95.469
-1.085%
USD/JPY 156.726
0.486%
GBP/USD 1.33935
0.269%
GBP/JPY 209.919
0.759%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 19 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.8-magnitude earthquake struck about 75 kilometers northeast of Salmi Regency, Papua Province, Indonesia, at 11:18 a.m. local time on September 19, with a focal depth of 10 kilometers.On September 19th, Zhang Bin, a researcher and deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, stated at the Tsinghua PBC School of Finance Chief Economist Forum that the main imbalance in my countrys current economy is strong supply and weak demand, a kind of aggregate imbalance. "There are many reasons for insufficient demand, but the most crucial one lies in the weak expectations of business entities; enterprises and residents are hesitant to invest and spend money. Individual behaviors are rational and reasonable, but the cumulative effect of micro-level behaviors creates a negative self-amplifying mechanism, forming a negative cycle," Zhang Bin said. Zhang Bin believes that the key to breaking the demand shortage is first to break the negative cycle. A negative cycle itself is a market failure, requiring strong external forces to break it; the most effective tool is to increase counter-cyclical adjustments.Market news: Bolivia will set a unified diesel price, which will be linked to international oil prices.According to AFP: Police officials say the death toll in the attack on Pakistans police headquarters has risen to 31.On September 19th, the Beijing Municipal Administration for Market Regulation announced that, based on the work deployment of the State Administration for Market Regulation and preliminary investigations, it has initiated investigations into four online hotel and travel booking platform companies for suspected illegal activities. Fliggy issued a statement saying that it attaches great importance to this matter and will actively cooperate with the Beijing Municipal Administration for Market Regulations investigations to fully implement regulatory requirements. Fliggy has always respected and maintained a fair, open, and orderly market environment and will continue to work with all parties in the industry to promote high-quality development of the industry.

DEX dYdX Blocks Tornado Cash Affiliated Accounts Citing US Sanctions

Jimmy Khan

Aug 12, 2022 14:47

微信截图_20220812093612.png


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.

Suggestion