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December 5th - According to a Reuters survey of economists, all 41 respondents predict that Spanish central bank policymakers will keep the benchmark interest rate unchanged at 15%, a near 20-year high, for the fourth consecutive time at their December meeting. Of the 36 respondents who answered additional questions, the majority (19) believe the central bank will cut rates in March, 14 predict January, and 3 predict April. Economists note that while the statement following the central banks monetary policy committee decision next week may subtly acknowledge recent progress in combating inflation, it will maintain a cautious tone.A Reuters poll showed that 41 economists unanimously predict that Brazils central bank will keep its benchmark interest rate at 15% on December 10, 19 expect a rate cut in March, 14 expect a rate cut in January, and 3 expect a rate cut in April.On December 5th, Japanese Prime Minister Sanae Takaichi dined with Liberal Democratic Party (LDP) Secretary-General Shunichi Suzuki and other party executives in Tokyo. This was her first dinner outside her official residence or dormitory since becoming prime minister. Having been in office for about a month and a half, the dinner likely included discussions on future governance and dealings with the Diet. Some within the LDP have expressed concern about insufficient communication between her and her party executives and members of parliament.According to the Axios website, Metas AI deal will cover CNN, Fox News, and USA Today.Polish central bank meeting minutes: Members of the monetary policy committee stated that there is uncertainty regarding the projected inflation rate, especially due to the impact of energy prices.

Dutch detain suspected developer of crypto mixer Tornado Cash

Jimmy Khan

Aug 15, 2022 14:31

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On Friday, Dutch officials announced the arrest of a 29-year-old man who is thought to be a developer for Tornado Cash, a cryptocurrency mixing service that the United States added to its list of entities subject to penalties this week.


Following charges that Tornado Cash was aiding in the concealment of billions in money movements, including those for North Korean hackers, the United States issued penalties on Monday.


The web solution enables concealment of the origin or destination of digital payments, therefore enhancing their anonymity.


One of the biggest cryptocurrency blending platforms that the U.S. Treasury has flagged as worrisome is Tornado Cash.


Tornado is believed to have laundered more than $7 billion in virtual currency since its creation in 2019, according to the Dutch Public Prosecutor's Office for Serious Fraud, Environmental Crime, and Asset Confiscation (FIOD).


When contacted for comment, Tornado Cash did not respond.


The unnamed guy, according to the FIOD, was detained on Wednesday in Amsterdam. He is suspected of having assisted in the facilitation of illegal activities, including "funds taken via hackers by a group thought to be affiliated with North Korea." He is accused of money laundering.


An inquiry into Tornado Cash was launched by the Financial Advanced Cyber Team branch of the FIOD in June, according to the statement. It was discovered that Tornado Cash has been used to hide significant illegal financial flows, particularly those resulting from online cryptocurrency thefts.

Prosecutors said that more arrests are not out of the question.


The action taken on Monday effectively banned Americans from engaging with the cryptocurrency mixer and frozen all U.S. assets of it.