EUR/USD 1.16324
-0.090%
Gold 4538.36
-0.673%
Oil 90.804
1.428%
USD/JPY 158.942
0.014%
GBP/USD 1.34874
-0.138%
GBP/JPY 214.375
-0.119%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Wenjie Auto, the Wenjie M6 has delivered over 20,000 units.The Hang Seng Tech Index rebounded, extending its gains to 2%; the Hang Seng Index is currently up 0.33%.On May 26th, the Xiongan New Area Housing Management Center issued a notice regarding the optimization and adjustment of housing provident fund withdrawal and loan policies. The notice states that for employees who meet the conditions for rent withdrawal in the New Area, the maximum withdrawal amount is increased to 17,000 yuan per year if they have not registered their housing rental contract; and to 25,000 yuan per year if they have registered their housing rental contract through the "Hebei Xiongan New Area Housing Rental Information Service Platform." For employees purchasing owner-occupied housing in the New Area and applying for a housing provident fund loan, the maximum loan amount is increased to 800,000 yuan. For employees of Beijing-based relocated units whose housing provident fund contributions are located in the New Area and who purchase owner-occupied housing in the New Area, the maximum loan amount is increased to 1.2 million yuan. For families with two or more children purchasing owner-occupied housing in the New Area and applying for a housing provident fund loan, the maximum loan amount is increased by 200,000 yuan. For employee families with only one fully repaid housing provident fund loan record nationwide and no housing in the New Area, the first-time homebuyer housing provident fund loan policy will apply.The Central Bank of Sri Lanka raised its overnight policy rate to 8.75%.On May 26, Bank of Japan Deputy Governor Ryozo Himino stated that the Bank of Japan will monitor the impact of the Middle East situation on the Japanese economy and prices while assessing the timing and pace of policy adjustments. He indicated that the Bank of Japan will continue to raise policy interest rates and adjust the degree of monetary easing based on economic activity, price levels, and financial conditions.

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