🚨 Consumers report losing more than $1b from crypto scams

US consumers reported losing more than $1 billion on cryptocurrency-related scams, according to a new analysis from the Federal Trade Commission.

Crypto-based con jobs now account for a fourth of all dollars lost to such fraud, taking in more than 46,000 people from the beginning of 2021 through March, the report found. The losses in crypto last year were almost 60 times what they were in 2018. And those numbers likely represent a small fraction of the total losses, since most of the crimes go unreported, according to the FTC.

Crypto’s lack of federal oversight has helped make it a magnet for criminals. “There’s no bank or other centralized authority to flag suspicious transactions and attempt to stop fraud before it happens,” the FTC’s report said.

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🔧 New York state passes first-ever ‘right to repair’ law

The New York state legislature has passed the United States’ first “right to repair” bill covering electronics. Called the Fair Repair Act, the measure would require all manufacturers who sell “digital electronic products” within state borders to make tools, parts, and instructions for repair available to both consumers and independent shops.

The measure will take effect one year after it passes into law. New York isn’t the first state to pass a right to repair bill, but it’s the first such bill to apply to electronics broadly. 

Still, the law is likely to have an impact far beyond the borders of New York state. Now that manufacturers selling goods in New York are required to make repair manuals available, it’s likely those manuals will quickly become available around the world. 

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🚫 Elon Musk wants to cut 10% of Tesla jobs

Elon Musk told Tesla executives to pause all hiring worldwide because he had a "super bad feeling" about the economy and needed to cut 10% of the company's workforce

Tesla's annual SEC filing indicated that the company employed almost 100,000 people at the end of last year, which means thousands of jobs could be axed. Musk's comments came two days after he sent a memo to all Tesla employees to return to the office or resign.

When asked by a Twitter user whether a recession was approaching, Musk responded: "Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen."

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🗳 Trump is moving from Mar-a-Lago

Former President Donald Trump is leaving Florida to avoid the swampy summer months.  Trump left his beachside Mar-a-Lago estate in Palm Beach and as of Friday is at his golf course in Bedminster, New Jersey. He's leaving South Florida just as the area is facing a tropical storm warning throughout the weekend. 

Trump's move north means much of the Republican political braintrust will follow. GOP political hopefuls have flocked to Mar-a-Lago, holding fundraisers and other events there as they hope to get some face time with Trump and perhaps even land a coveted endorsement.

The former president often hints that he'll seek the White House again in 2024 and has raised significant cash for his two political action committees, Save America and the Make America Great Again PAC.

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⚖️ New York lawmakers pass a moratorium on Bitcoin mining

The Bitcoin mining boom in New York state hit a roadblock as the state Senate passed a bill that will halt new permits for certain fossil fuel power plants to be used in mining. The measure, which also initiates a study on the environmental impact mining facilities are having in the state, passed in the state Assembly earlier this year.

After China instituted new restrictions last year, many mining operations have set up shop in the US. New York, with abundant hydroelectricity and retired fossil fuel plants that can be restarted back up to mine Bitcoin, quickly became a new hub for the industry.

However, that energy demand is a threat to the climate goals set by New York state in 2019, which committed the state to an 85% reduction in greenhouse gas emissions by 2050.

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⚖️ Ex-Trump aide Navarro indicted; Meadows won’t be charged

Navarro, who appeared in court later Friday afternoon, is the second former Trump official to be charged with contempt for refusing to cooperate with the investigation. Former White House adviser Steve Bannon was indicted in November of last year.

Contempt of Congress carries a minimum of 30 days and a maximum of one year in jail, as well as a fine of up to $100,000, the Justice Department said in a release.

Navarro, who was a trade adviser to Trump, said he was served by the FBI at his Washington, D.C., house last week. The subpoena was the first known instance of prosecutors seeking testimony from someone who worked in the Trump White House as they investigate the worst attack on the Capitol in two centuries.

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⚡️ Kherson region to continue integration into Russia, despite EU stance, authorities say

⚡️ Ukrainian forces shell city of Donetsk, fire 4 missiles, 11 shells, DPR says

Russia's Ministry of Defence has published footage showing the combat work of Ka-52 helicopters on Ukrainian positions

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⚡️ Russian air defences have downed a Ukrainian military transport aircraft delivering weapons and ammunition near Odessa

❗️ The Russian MoD’s latest statements on the Ukraine crisis:

▪️ Russian air defences have hit 33 command posts and 131 Ukrainian artillery unit firing positions during the day;

▪️ Russian air defences have hit the Ukrainian army's artillery preparation centre in the Sumy region;

▪️ Russian air forces destroyed 17 Ukrainian drones, including two "Bayraktar-TB2" in the Nikolaev and Kharkov regions;

▪️ Russian aviation eliminated 400 Ukrainian nationalists as well as 54 areas of concentrated manpower and Ukrainian military equipment during the day;

▪️ Russian high-precision air-based missiles destroyed the deployment point of foreign mercenaries near Dachnoye in the Odessa region

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Russian engineering troops from the Western Military District clear mines from the villages in Kharkov region and the surrounding areas

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⚡️⚡️ London Police reportedly carry out controlled explosion of suspicious item at Trafalgar Square

📹🎞 A resident of Donetsk recalls how Ukrainian forces shelled the city:

🗣 "It was terrifying, my kids got terribly scared"

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⚡Ukrainian troops set fire to wooden skete at Sviatogrsk Lavra using incendiary cartridges from heavy machine gun while retreating - Russian MoD

📹🎞 A resident of Novoselovka-2 village in the DPR talks about the heartbreaking treatment to which he was subjected. He lost his wife in the blast and could do nothing to help her because of the shelling

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🚗🇺🇸“I love you, baby”: A 2012 documentary featuring Nathaniel from Arkansas has suddenly gone viral. The man passionately talks about his “relationship” with his 1998 Chevy Monte Carlo. He has dated several women during his life, but had never been in love until he met his car, which he calls “Chase” (gendered as a male).

“I like to lean over his fender and across his hood and kind of press up against him”, Nathaniel says. “One of the more bold positions is for me to be underneath him”, he said, describing his sexual experience with Chase.

🤔It’s not known whether Nathaniel is still in a relationship with his car in 2022. But if it still drives him crazy, is the couple a part of LGBTQ+ community, or is this something new?

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📹🎞 People from Mariupol don't want a Ukrainian "dictatorship" and a "Nazi regime" to proliferate once again throughout their motherland

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"I have buried my son and what's this?": A woman from Donetsk had just buried her son when her house came under shelling again

⚡NATO school: Who and what was taught by western military instructors in Ukraine

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