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The yield on Japans 30-year government bonds rose 6.0 basis points to 3.700%.April 30 - Asian currencies consolidated against the US dollar, but may be weighed down by rising oil prices. Lloyd Chan, senior foreign exchange analyst at MUFG, stated in a research report that "as the US and Iran remain locked in a protracted standoff, continued disruptions to energy flows through the Strait of Hormuz are pushing up oil prices," which is putting downward pressure on "oil-sensitive regional currencies," including the Philippine peso and the Thai baht.On April 30th, it was reported that the mandatory national standards "Requirements for Real-Name Registration and Activation of Civil Unmanned Aerial Vehicles" and "Specifications for Operational Identification of Civil Unmanned Aerial Vehicle Systems" will come into effect on May 1st. The "Requirements for Real-Name Registration and Activation of Civil Unmanned Aerial Vehicles" stipulates the workflow for real-name registration and activation of drones, explicitly requiring that drones cannot be flight-capable before activation and after deactivation. Newly manufactured drones must meet the new national standards from May 1st; for existing drones already sold and in use, the requirements will be implemented starting 13 months after the implementation date. The "Specifications for Operational Identification of Civil Unmanned Aerial Vehicle Systems" stipulates that drones should proactively report their identity, location, speed, and status information to regulatory authorities after powering on and throughout flight.Samsung Electronics: The average selling price of DRAM in the first quarter increased by 90% to 95% compared to the fourth quarter of last year.Samsung Electronics: Supply shortages worsened in the first quarter.

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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