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Hondas sales in Japan fell 8.2% year-on-year in February.March 2 – According to ABC News, a law enforcement bulletin indicates that the U.S. Department of Homeland Security has warned of potential attacks and cyberattacks orchestrated by isolated individuals amid ongoing Iranian retaliation. The bulletin states, “While large-scale physical attacks are unlikely, Iran and its proxies could pose a continued, targeted threat of attack against the homeland. In the near term, our greatest concern is low-level cyberattacks against U.S. networks by pro-Iranian hackers, such as website defacement and distributed denial-of-service attacks.” The alert was issued on Saturday, following a shooting in Austin, Texas, where authorities are investigating whether the suspect was influenced by the situation abroad. Law enforcement sources indicate that the suspect in the shooting was wearing a sweatshirt with the words “Property of Allah” printed on it, over which was a shirt with the word “Iran” and the Iranian flag.On March 2nd, Bank of Japan Deputy Governor Ryozo Himino gave no clear indication of a near-term interest rate hike, reinforcing financial markets expectations that the central bank will remain on hold in March. Following the outbreak of conflict in the Middle East last weekend, the market widely believed the Bank of Japan would maintain a wait-and-see approach. Himino stated, "I want to closely monitor the situation in the Middle East," a stark contrast to his comments in January, when he indicated the committee would discuss interest rate hikes at its upcoming meeting. Himino, who will hold a press conference this afternoon, said his prepared remarks were made before the weekend and therefore did not include his views on the Middle East situation. Himino stated that recent data "means the impact of a near-term rate hike remains limited, and financial conditions remain loose," suggesting there is still room for borrowing costs to rise. He also stated that underlying inflation is steadily rising and cited the Bank of Japans long-standing stance that it will continue to raise interest rates if its economic outlook is realized.March 2nd - An analysis of inter-provincial trade using tax big data such as VAT invoices by the State Taxation Administration revealed that the construction of a unified national market will be further advanced by 2025. Inter-provincial trade across the country is developing rapidly. In 2025, the sales volume of inter-provincial trade nationwide will increase by 4.5% year-on-year, higher than the national sales revenue growth rate; accounting for 41% of national sales volume, an increase of 0.8 percentage points compared to the same period of the previous year. Among the 31 provinces nationwide, over 80% (26 provinces) achieved positive growth in inter-provincial sales volume.The China Earthquake Networks Center officially reported that a 5.9-magnitude earthquake occurred at 11:55 a.m. on March 2 in the volcanic archipelago of Japan (23.10 degrees north latitude, 144.15 degrees east longitude), with a focal depth of 10 kilometers.

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.