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On March 16th, the Ministry of Natural Resources and the National Forestry and Grassland Administration jointly issued a notice proposing to further improve the guarantee of natural resource elements. Among them, the new logic for land supply set by the Ministry of Natural Resources has been misinterpreted by many as "no more land will be approved for real estate projects." Firstly, this misunderstanding stems from a lack of understanding of the technical term "newly added construction land." It specifically refers to land converted from agricultural land and unused land into construction land, a strictly controlled and scarce indicator. Given its limited availability, prioritizing it for livelihood projects and major industrial projects is reasonable. The land for real estate development that we usually talk about mostly comes from existing construction land, such as urban renewal, redevelopment of inefficient land, urban village renovation, and state-owned construction land already reserved by the government. Secondly, there is no need to worry about a land supply shortage. After previous preparations, local governments have sufficient reserves of state-owned construction land to fully meet normal development needs. The pace of land supply through bidding and auction will not change and is not directly related to the trends in the new and second-hand housing markets.Royal Bank of Canada raised its price target for Micron Technology (MU.O) from $425 to $525.March 16 - The US dollar broke through the key psychological level of 60 against the Philippine peso on Monday, hitting a new intraday record high. A report from a FX strategist at OCBC Global Research stated that Asian currencies are typically sensitive to factors such as oil price fluctuations, global risk sentiment, and a weaker US dollar. Rising oil prices are creating trade headwinds for several regional economies, further increasing pressure on Asian currencies, including the Philippine peso.Samsung Electronics shares rose 2.7%.SK Hynix led the gains among South Korean chip stocks, rising 6.5% in late trading.

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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