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🤳 7th June 2023 | US Cracks Down on Coinbase, Binance , Quebec Seeks Global Assistance, FBI Alerts Rise in AI-Generated Deepfakes and more!

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Source: Reuters Graphic

📉 US Cracks Down on Coinbase, Binance Crypto Operations

U.S. SEC intensifies its crypto crackdown with lawsuits against Coinbase and Binance, accused of evading disclosure requirements. This regulatory move, potentially transformative for the crypto industry, led to a $1.28 billion outflow from Coinbase. Kevin O'Brien, a former federal prosecutor, asserts, "If the SEC prevails in either case, the cryptocurrency industry will be transformed." Amidst this, Bitcoin paradoxically benefited, seeing a price rebound. This crypto tug-of-war indicates the beginning of a new regulatory era.

📊 OECD Forecasts Modest Growth Amid Interest Rate Hikes 

OECD forecasts a modest global economic growth of 2.7% this year due to the dampening effects of central bank rate hikes, marking the slowest growth rate since the 2008-2009 financial crisis, barring 2020. OECD states, "Growth would...accelerate only slightly next year...as the impact of rate hikes...increasingly drags on private investment." While inflation is predicted to decrease, it still exceeds many central banks' targets.

Courtesy: PBS NewsHour

🔥 Quebec Seeks Global Assistance to Quell Over 160 Wildfires 

Quebec is seeking international help to tackle over 160 wildfires, 'Canada's worst fire seasons'. With more than 480 firefighters, the province can only handle around 30 fires. Assistance from U.S. & France is on its way, while support from other nations is being sought. "The images...are some of the most severe we have ever witnessed in Canada," warned Emergency Preparedness Minister Bill Blair. Meanwhile, 10,000 people have been evacuated with no rain expected in severely affected areas for 5 days.

🏛️ EU's Slovenia Triumphs over Belarus in UN Security Council Election

Slovenia has overwhelmingly defeated Belarus for a seat on the UN Security Council, in a vote that seemed to reflect global opposition to Russia's war on Ukraine. Slovenia, a NATO and EU member, secured 153 votes against Belarus' 38. "U.N. member states doubtlessly decided that Belarus’ grave human rights abuses...disqualify it from serving on the Security Council," said Louis Charbonneau, U.N. director at Human Rights Watch. Slovenia's Foreign Minister Tanja Fajon said this proves Slovenia can be "a reliable partner."

Altman speaking to media after testifying before the Senate subcommittee on privacy, technology, and the law last month.

🤖 ChatGPT Creator Discusses AI's Potential to Save or Doom Humanity

OpenAI CEO Sam Altman has emphasized the importance of governmental regulations on the development of Artificial General Intelligence (AGI). With other AI leaders, he stated that "mitigating the risk of extinction from AI should be a global priority". Altman is advocating the safe development of AGI, going so far as to propose a global regulatory framework for it. He has also discussed the potential of AGI to dramatically improve quality of life but stressed the need for equitable distribution of its benefits.

📱 Amazon and Hexa Collaboration Elevates Seller Tools with 3D, AR Capabilities for Enhanced Shopping Experience

Amazon has partnered with 3D visualization company Hexa to give sellers tools for creating 3D images, immersive 360 visualizations, virtual try-on, and augmented reality (AR) content for their product pages. The technology, which aims to enhance online shopping experiences and boost seller conversion rates, allows sellers to convert images into 3D models using their Amazon Standard Identification Numbers. This is part of Amazon's ongoing efforts to enhance its AR shopping features.

Brooks Koepka hits his tee shot on the first hole during the first round of the LIV Golf DC 2023 tournament at the Trump National Golf Club in Sterling, Virginia, May 26, 2023

Surprising Merger Unites PGA Tour and LIV

Golf's PGA Tour, DP World Tour & Saudi-backed LIV circuit have announced their merger amidst previous animosity. This allows LIV Golf players to apply for PGA Tour & DP World Tour membership post-2023. PGA Tour Commissioner Jay Monahan said, "We realized that we were better off together than fighting." While critics argue Saudi Arabia uses LIV Golf to clean its image amid human rights criticism, advocates see it as an exciting move.

🎬 DGA Members to Vote on Newly Approved Film & TV Contract

Directors Guild's national board unanimously approved a new film & TV contract, which will now go to guild members for ratification. The contract includes pay increases, a 76% rise in foreign residuals for top streaming platforms & assurance against replacement by AI. DGA President Lesli Linka Glatter praised: "Our industry is rapidly changing and expanding, and this agreement is what we need to adapt." It seems like the guild's 19,000 members will be ready for whatever the next act brings.

FBI said in an alert published Monday

🕵️‍♀️ FBI Alerts Rise in AI-Generated Deepfakes for Sextortion

FBI is warning of a rise in the use of AI-generated deepfakes in sextortion schemes. The agency reported an uptick in victims whose photos or videos were manipulated into explicit content & used for extortion. Deepfake creation software has greatly improved with AI advances, creating realistic videos from single images. "Advancements in content creation technology and accessible personal images online present new opportunities for malicious actors to find and target victims," officials warned. Make sure to stay cyber-savvy and report any sextortion threats to authorities.

💨 Canadian Wildfires Trigger Health Warnings in New York, Ottawa

An early wildfire season has sparked health alerts in New York, Toronto, and Ottawa due to smoke pollution. With blazes spreading across Canada, Quebec is the worst hit. New York's Department of Environmental Conservation advised residents to limit strenuous outdoor activities. Ottawa's air quality hit a "very high risk" level, while Toronto also suffers poor air quality. As PM Justin Trudeau urges public safety adherence, Canada thanks the US, Mexico, South Africa, and France for firefighting assistance.

🏳️‍🌈 US Declares LGBTQ Emergency, according to Human Rights Campaign

Human Rights Campaign, the largest LGBTQ advocacy organization in the US, declared its first national state of emergency in response to the surge of anti-LGBTQ legislation. Over 70 such bills were passed this legislative session, doubling last year's. HRC President, Kelley Robinson, condemned the "anti-LGBTQ+ Republican establishment" for pushing these laws. HRC has provided a guide to help LGBTQ individuals navigate these increasing state laws.

Griswold v. Connecticut overturned contraceptive bans for married couples.

On this day in 1965, the U.S. Supreme Court jazzed up the history books! In the landmark Griswold v. Connecticut case, they ruled in favor of the constitutional right for married folks to use birth control. A turning point, empowering couples with reproductive choices!

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