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Lucy Letby is “cowardly” for missing her sentencing hearing, the prime minister has said, adding that the government is “looking at” changing the law.

Letby was last week convicted of murdering seven babies and attempting to end the lives of six others while working as a neonatal nurse.

She did not appear in the courtroom today, with the judge set to outline how long she will spend in prison.

Lucy Letby latest: ‘Sadistic’ Letby refusing to leave cells

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Letby sentencing: Van arrives at court

During his trial, Thomas Cashman, the killer of Olivia Pratt-Korbel, did not attend court at points and did not turn up to his sentencing.

Judges have the discretion to compel people to appear before them for sentencing – however, it remains up to prison governors to actually execute this order as it would be their staff who would have to force someone from their cell.

An extra two years can be added to someone’s sentence if they refuse to attend the court.

lucy letby
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Lucy Letby

Rishi Sunak said: “The first thing is to extend my sympathies to everyone affected by this.

“I think, like everyone reading about this, it’s just shocking and harrowing.

“Now, I think it’s cowardly that people who commit such horrendous crimes do not face their victims and hear firsthand the impact that their crimes have had on them and their families and loved ones.

“We are looking and have been at changing the law to make sure that that happens, and that’s something that we’ll bring forward in due course.”

Sir Keir Starmer has vowed to close the “shamefully exploited loophole” which lets convicts miss their time in the dock.

The guidelines were laid out by the Crown Prosecution Service, which Sir Keir would have overseen as director of public prosecutions.

It is not uncommon for people to refuse to leave their cells or report as sick on the date of hearings – even when they are dialing into proceedings virtually from the prison.

Read more:
Bereaved demand new law to force sentencing appearance
Who is Lucy Letby?
The psychology behind healthcare murderers

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Letby sentencing no-show ‘disgusting’

Sir Keir tweeted: “As director of public prosecutions, I saw how crucial it is for victims and their families that perpetrators appear in court.

“That criminals can cowardly hide away is a shamefully exploited loophole, and one Labour will close. Victims must be at the heart of our justice system.”

Minister for Children Claire Coutinho told Sky News “more law is probably required”.

“The justice secretary [Alex Chalk] said he’s very committed to making sure these laws are in place,” she added.

“I think we can all say that these crimes have been some of the most sickening that I’ve seen in my entire lifetime and it’s really important that victims have that moment in court with the perpetrator there and the perpetrator has to face that moment of justice.”

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Labour vows to end sentencing loophole

Pressed on why additional laws are needed, given the powers judges already have, the minister said: “I think there are some changes that it sounds like are needed as well to make sure that in every instance the perpetrator has to go to court.”

Ms Coutinho added that, if Letby gets a whole-life order, adding two years to her sentence for not appearing “might not be enough of an incentive”.

Some in government went further, with one source saying that if Letby requires “lawful enforcement” to be in court, then “so be it”.

“If she continues to refuse that will only strengthen our resolve to change the law as soon as we can,” they added.

Labour has claimed a “number of things” could be done to compel people to attend sentencing.

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Shadow Justice Secretary Ellie Reeves told Sky News: “You could look at things like prison privileges for example… and one of the suggestions we’ve heard is to have the sentencing live-streamed into someone’s cell.”

She said the government had “failed to act” – which will likely lead to Letby not attending court today.

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EU could fine Elon Musk’s X $1B over illicit content, disinformation

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EU could fine Elon Musk’s X B over illicit content, disinformation

EU could fine Elon Musk’s X B over illicit content, disinformation

European Union regulators are reportedly mulling a $1 billion fine against Elon Musk’s X, taking into account revenue from his other ventures, including Tesla and SpaceX, according to The New York Times.

EU regulators allege that X has violated the Digital Services Act and will use a section of the act to calculate a fine based on revenue that includes other companies Musk controls, according to an April 3 report by the newspaper, which cited four people with knowledge of the plan.

Under the Digital Services Act, which came into law in October 2022 to police social media companies and “prevent illegal and harmful activities online,” companies can be fined up to 6% of global revenue for violations.

A spokesman for the European Commission, the bloc’s executive branch, declined to comment on this case to The New York Times but did say it would “continue to enforce our laws fairly and without discrimination toward all companies operating in the EU.”

In a statement, X’s Global Government Affairs team said that if the reports about the EU’s plans are accurate, it “represents an unprecedented act of political censorship and an attack on free speech.”

“X has gone above and beyond to comply with the EU’s Digital Services Act, and we will use every option at our disposal to defend our business, keep our users safe, and protect freedom of speech in Europe,” X’s global government affairs team said.

European Union, Elon Musk

Source: Global Government Affairs

Along with the fine, the EU regulators could reportedly demand product changes at X, with the full scope of any penalties to be announced in the coming months. 

Still, a settlement could be reached if the social media platform agrees to changes that satisfy regulators, according to the Times. 

One of the officials who spoke to the Times also said that X is facing a second investigation alleging the platform’s approach to policing user-generated content has made it a hub of illegal hate speech and disinformation, which could result in more penalties.

X EU investigation ongoing since 2023

The EU investigation began in 2023. A preliminary ruling in July 2024 found X had violated the Digital Services Act by refusing to provide data to outside researchers, provide adequate transparency about advertisers, or verify the authenticity of users who have a verified account.

Related: Musk says he found ‘magic money computers’ printing money ‘out of thin air’

X responded to the ruling with hundreds of points of dispute, and Musk said at the time he was offered a deal, alleging that EU regulators told him if he secretly suppressed certain content, X would escape fines. 

Thierry Breton, the former EU commissioner for internal market, said in a July 12 X post in 2024 that there was no secret deal and that X’s team had asked for the “Commission to explain the process for settlement and to clarify our concerns,” and its response was in line with “established regulatory procedures.” 

Musk replied he was looking “forward to a very public battle in court so that the people of Europe can know the truth.”

European Union, Elon Musk

Source: Thierry Breton

Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional files for XRP futures trading with CFTC

Coinbase Institutional files for XRP futures trading with CFTC

US crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token.

“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures — bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” stated Coinbase Institutional on April 3. 

The firm added that it anticipates the contract going live on April 21.

According to the certification filing, the XRP (XRP) futures contract will be a monthly cash-settled and margined contract trading under the symbol XRL.

The contract tracks XRP’s price and is settled in US dollars. Each contract represents 10,000 XRP, currently worth about $20,000 at $2 per token.

Contracts can be traded for the current month and two months ahead, and trading will be paused as a safety measure if spot XRP prices move more than 10% in an hour. 

“The exchange has spoken with FCMs (Futures Commission Merchants) and market participants who support the decision to launch a XRP contract,” the firm stated. 

Coinbase is not the first to launch XRP futures in the United States. In March, Chicago-based crypto exchange Bitnomial announced the launch of the “first-ever CFTC-regulated XRP futures in the US.” 

XRP futures trading is available on many of the world’s leading centralized crypto exchanges, such as Binance, OKX, Bybit and BitMEX. 

Funding rates remain negative

In late March, Cointelegraph reported that XRP derivatives’ funding rates had flipped negative as investor sentiment turned bearish. 

Related: XRP funding rate flips negative — Will smart traders flip long or short?

Funding rates are periodic payments between traders in perpetual futures markets that help keep the futures price aligned with the spot price. Positive funding rates mean that long traders (buyers) pay short traders, while negative funding rates mean short traders (sellers) pay long traders. 

When funding rates go negative, it means short traders are willing to pay a premium to maintain their positions, indicating strong conviction from bearish derivatives traders. 

XRP funding rates remained negative on major derivatives exchanges as of April 4, according to CoinGlass. 

Coinbase Institutional files for XRP futures trading with CFTC

XRP OI-weighted funding rates. Source: CoinGlass

Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set

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Binance co-founder Changpeng Zhao to advise Kyrgyzstan on blockchain tech

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Binance co-founder Changpeng Zhao to advise Kyrgyzstan on blockchain tech

Binance co-founder Changpeng Zhao to advise Kyrgyzstan on blockchain tech

Former Binance CEO Changpeng “CZ” Zhao will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country’s foreign investment agency.

“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading,” the crypto entrepreneur said in an April 3 X post, adding that he finds this work “extremely meaningful.”

His comments came in response to an earlier X post from Kyrgyzstan President Sadyr Zhaparov announcing that Kyrgyzstan’s National Investment Agency (NIA) had signed a memorandum with CZ to provide technical expertise and consulting services for the Central Asian country.

The NIA is responsible for promoting foreign investments and assisting international companies in identifying business opportunities within the country.

Binance co-founder Changpeng Zhao to advise Kyrgyzstan on blockchain tech

Source: Changpeng Zhao

“This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity,” Zhaparov said.

The Kyrgyzstan president added: “such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.”

Kyrgyzstan, which officially changed its name from the Republic of Kyrgyzstan to the Kyrgyz Republic in 1993, is a mountainous, land-locked country.

It is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized.

Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been developed, according to a report by the International Energy Agency.

CZ has met with several other state officials in Asia

Malaysia also recently tapped CZ for guidance on crypto-related matters, with Prime Minister Anwar Ibrahim meeting him personally in January.

CZ has also met with officials in the UAE and Bitcoin-stacking country Bhutan — however, it isn’t clear what those meetings entailed.

Related: Is Bitcoin’s future in circular economies or national reserves?

CZ’s latest pursuits come a little over six months after he was released from a four-month prison sentence in the US for violating several anti-money laundering laws.

Since being released, CZ has made investments in blockchain tech, artificial intelligence and biotechnology companies.

CZ also recently donated 1,000 BNB (BNB) — worth almost $600,000 — to support earthquake relief efforts in Thailand and Myanmar after the natural disaster in late April.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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