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The yield on Japans 20-year government bonds rose to 3.385%.The China Earthquake Networks Center officially reported that a magnitude 3.1 earthquake occurred at 13:11 on April 13 in Artux City, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang (40.04 degrees north latitude, 76.04 degrees east longitude), with a focal depth of 17 kilometers.April 13th, Futures News: Economies.com analysts latest view: Brent crude oil futures recorded strong gains in recent intraday trading, with prices rising and retesting the key psychological resistance level of $100.00 per barrel. This rally was supported by a positive signal from the Relative Strength Index (RSI) after reaching oversold levels. Currently, prices are also approaching the resistance level of the 50-day EMA; however, a corrective bearish trend still dominates in the short term, which may limit further gains in the near term.On April 13th, UBS Bank repurchased gold. This followed a significant reduction in its gold holdings due to the market downturn caused by the Iran war. The bank stated that it believes the long-term outlook for gold remains solid. UBS is gradually incorporating gold into its clients portfolios, having previously reduced its gold holdings from approximately 10% to 3%. Since the outbreak of the war, gold prices have fallen sharply due to concerns about higher interest rates and the impact of liquidity tightening. UBS plans to further expand its gold holdings, which have now risen to approximately 6% of its clients portfolios. The bank still expects gold prices to reach $6,000 per ounce by the end of the year, as structural demand—including central bank purchases, concerns about fiscal deficits, and geopolitical tensions—remains robust.On April 13, Malaysian maritime authorities seized two oil tankers and their crews suspected of illegally transferring diesel fuel. During the operation, the Malaysian Maritime Enforcement Agency seized approximately 800,000 liters of diesel fuel, including about 700,000 liters believed to be fuel transferred between vessels without permission. The seized fuel was identified as Euro 5 standard diesel, with an estimated value of approximately RM5.43 million (approximately US$1.4 million). The total value of the seized items (including those from the two tankers) is approximately RM2.33 billion.

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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