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The US Treasury auction for the six weeks ending August 18th yielded a winning bid of 3.645%, compared to 3.67% previously.Shares of U.S. energy distribution company UGI rose 11.3% after KKR Group made a $9 billion takeover bid.August 18 – The Washington Post reported that, according to eight sources, including officials and others familiar with the matter, the Pentagon is assessing its military presence in the Middle East, suggesting that a war with Iran could reshape the U.S. presence in the region. Two people familiar with the analysis said one of the key areas the Department of Defense is evaluating is whether to withdraw troops from the Persian Gulf. The U.S.s vast overseas military bases in the region have been ravaged by Iranian strikes for months. The damage to these facilities provides the Pentagon with a rare opportunity to reconsider its presence in the region. The Pentagon has indicated it may not rebuild bases as they were before the war. Officials said that Hergsays has not yet ordered a formal review of the U.S. military posture in the region. This analysis is "deliberate planning" and could ultimately inform the governments decision on whether to rebuild war-damaged bases.UAE Ministry of Defense: We inform our citizens that if they hear any sound, it is the sound of air defense interception.According to The Washington Post, sources say one of the key issues the U.S. Department of Defense is assessing is whether to withdraw troops from the Persian Gulf. This comes after months of severe damage to major U.S. military bases overseas, repeatedly attacked by Iran, providing the Pentagon with an opportunity to reconsider its military presence in the region.

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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