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09 Sep 2023 — 4 min read

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Powerful Storm Hits Greece:

Greece is facing the devastation of a powerful storm named "Daniel," which led to 10 fatalities and left four individuals missing. The worst hit was Central Greece, a significant agricultural region.
Heavy rains destroyed infrastructure, causing homes to collapse, roads to block, and significant damage to the country's crops, especially in the Thessaly Plain. As floodwaters reached heights of up to 3 meters, over 1,700 individuals were rescued, with nearly 300 airlifted from their homes. Residents encountered rapid flooding, with some even having to escape through windows.
The country's Prime Minister, Kyriakos Mitsotakis, assured that the nation's economy could handle the aftermath and pledged to seek European assistance. The damages from the storm were estimated to be around $750 million, three times more than the damages from the 2020 floods. This event is among several extreme weather phenomena occurring globally.

JPMorgan Blockchain:

JPMorgan Chase is advancing its development of a blockchain-based digital deposit token to support international payments. The core infrastructure is almost set up, but the bank is awaiting approval from U.S. regulators.
An insider hinted that the bank might roll out the token for corporate customers within a year of obtaining the go-ahead. Deposit tokens are digital coins symbolizing bank deposits and being blockchain-based, they allow for immediate transaction processing.
A JPMorgan representative expressed, "Deposit tokens are promising, but it's essential for regulators to proceed with caution. If there's a demand, we're prepared to introduce deposit tokens swiftly."
JPMorgan has already stepped into this realm with its JPM Coin system, introduced in 2019. This system facilitates select corporate clients in transferring funds within their JPMorgan accounts and has managed transactions worth $300 billion since its launch.

X vs California:

X, formerly known as Twitter, has lodged a lawsuit against California over Assembly Bill 587. This legislation requires social media entities to disclose their content moderation protocols.
X Corp argues that this law limits their free speech rights and suggests California is indirectly pressuring platforms to remove content it finds undesirable. The new California law dictates that major social media platforms must share details of their content moderation practices. Non-compliance could result in significant daily fines.
This situation highlights the broader global trend where governments are increasingly exerting control and censorship over online platforms. The debate between free speech and regulated content continues to intensify, with many arguing that such governmental interventions signify a violation of individual and corporate freedoms.

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