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March 15th news, recently, the computing power service market has continued to heat up. Since March, many listed companies have successively disclosed the signing of large-scale computing power service contracts worth hundreds of millions of yuan, which has attracted market attention. "Recently, the explosive development of AI technology, chip shortages and the expected increase in computing power rental prices, coupled with the promotion of favorable policies such as the East Data West Computing project, have led to a substantial increase in the demand for computing power orders." Wu Wanying, a senior researcher at Tianyi Digital Economy Think Tank, told reporters that with the continuous expansion of the scale of intelligent computing power, the further deepening of policy support and the penetration of AI technology into more industries, the demand for pre-computing power orders will continue to emerge, bringing new development opportunities to related fields.On March 15, Jack Meaning, chief UK economist at Barclays, said in a report that in the upcoming interest rate decision on March 20, the Bank of England is likely to keep the interest rate unchanged at 4.50% and reiterate that future interest rate cuts will be gradual. He said: "There has been nothing in the data since February that will materially change the views of the (Bank of England) Monetary Policy Committee." He said that the Bank of England may maintain its policy guidance unchanged at the March meeting and may cut interest rates by 25 basis points in May.The Dow Jones Industrial Average posted its biggest weekly drop since March 2023, while the S&P 500 and Nasdaq fell for the fourth consecutive week.The Dow Jones Industrial Average closed at 41,488.19 on March 14 (Friday), up 674.62 points, or 1.65%. The S&P 500 closed at 5,638.94 on March 14 (Friday), up 117.42 points, or 2.13%. The Nasdaq Composite closed at 17,754.09 on March 14 (Friday), up 451.07 points, or 2.61%.The Dow Jones Industrial Average fell 3.07% this week, the S&P 500 fell 2.28% and the Nasdaq fell 2.43%.

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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