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On January 17, a U.S. federal judge issued a restrictive order on the actions of U.S. Immigration and Customs Enforcement (ICE) in Minneapolis, Minnesota, after protesters accused the agency of widespread abuse of force and violations of constitutional rights. U.S. District Judge Kathleen issued a temporary restraining order restricting ICE personnel from deploying chemical irritants into crowds and explicitly prohibiting retaliatory action by law enforcement officers against protesters exercising their freedom of speech.1. Russia claims all foreign troops within Ukraine are considered legitimate targets. 2. Zelensky: Ukraines air defense missile stockpile is critically low. 3. Zelensky: The Ukrainian delegation will meet with US representatives in the US soon. 4. Ukraine and the US will hold a new round of talks in Miami this weekend. 5. Zelensky: If an agreement is reached, the documents can be signed in Davos. 6. French President Macron calls for an increase of €36 billion in military spending by 2030. 7. Kremlin: Russia is in dialogue with the US, but not with Europeans. Russia is looking forward to Kushner and Witkov visiting Moscow, but a specific date has not yet been set.January 17th - On January 16th local time, the United States is accelerating the expansion of Chevrons oil production license in Venezuela. U.S. Energy Secretary Chris Wright stated that the U.S. is completing the relevant authorization "as quickly as possible." Wright said that under the proposed new licensing arrangement, Chevron will be allowed to pay the Venezuelan government in cash, instead of paying with crude oil in kind. This adjustment will allow Chevron to sell all of its crude oil production in Venezuela. Analysts point out that expanding the license will significantly improve Chevrons commercial flexibility in Venezuela and also reflects the latest policy direction of the U.S. on Venezuelan energy issues.On January 17th, Venezuelan Acting President Delcy Rodriguez announced at a meeting of the National Productive Economy Council on the 16th that Venezuela had signed a commercial contract for liquefied petroleum gas (LPG), marking the official start of the countrys export of this energy resource. Rodriguez pointed out that this achievement is directly related to the efforts made by Venezuelas national oil and gas industry to increase production levels.On January 17th, local time, Nicolás Maduro Guerra, son of Nicolás Maduro and a Venezuelan lawmaker, stated at a conference of Venezuelan legal professionals on the 16th that Venezuela should establish diplomatic relations with the United States and set up an embassy. In his speech, Maduro Guerra stated that Venezuela must maintain relations with all countries in the world. "I believe we should establish relations with the United States and set up an embassy; this is our right to self-determination." He also stated that Venezuela can maintain relations with countries with opposing stances, but this should be handled within a political framework. He added, "Venezuela should become a peaceful country and conduct business relations with the whole world."

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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