Domestic abusers will be electronically tagged on leaving prison under government pilot to protect victims

Published

2 years ago

September 2, 2023

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Domestic abusers will be forced to wear electronic tags on leaving prison or risk being sent back to detention under a pilot scheme launched by the government to protect victims.

Up to 500 people will be made to wear the devices, which can monitor their whereabouts, enforce a curfew and ban them from going within a certain distance of a victim’s home.

The pilot will launch in the East and West Midlands before it is rolled out across England and Wales next year, the Ministry of Justice said.

Nicole Jacobs, the domestic abuse commissioner for England and Wales, welcomed the pilot as a “positive step forwards in protecting victims”.

“By blocking perpetrators from contacting victims, the Unwanted Prisoner Contact scheme sets an important standard that the criminal justice system will not be used to further domestic abuse, making a difference for survivors’ safety, recovery, and freedom from abuse,” she said.

“For too long, the onus has been on victims of domestic abuse to protect themselves from harm.”

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Lord Chancellor and Justice Secretary Alex Chalk said: “Survivors of domestic abuse show great strength and bravery in coming forward, and it is right that every tool is used to protect them from further harm.

“The tagging of prison leavers at risk of committing further domestic abuse is a further protection we are introducing to help victims rebuild their lives and feel safe in their communities.”

But Labour’s shadow justice secretary Steve Reed said the government had a “shameful record of ignoring domestic abuse”.

“This pilot is a pathetic effort to stem the rising tide of violence against women and girls that has skyrocketed on their watch,” he said.

“They’ve stood idly by as domestic violence has more than doubled since 2015 yet the number of prosecutions has plummeted by half.”

The development coincides with a special report by Sky News that revealed a police officer was able to take advantage of a domestic abuse survivor by having sex with her in a women’s refuge while on duty.

Shannon Mulhall was distressed and vulnerable when she called the police and was taken to the refuge – but when she arrived, one of the officers sent to protect her stripped naked and made sexual advances towards her.

Disgraced Humberside Police officer PC Simon Miller now faces years in jail after admitting the improper exercise of policing powers.

He becomes the latest in a line of police officers who have eroded public trust in the police through their actions.

In a move that seeks to address the public’s concerns, the government announced on Thursday that it would give police more powers to sack rogue officers.

Police officers who are found guilty of gross misconduct will face automatic dismissal while those who fail vetting checks can also be fired.

The move comes following a series of scandals engulfing the police, including the murder of Sarah Everard by serving Metropolitan Police officer Wayne Couzens and the unmasking of former police constable David Carrick as a serial abuser and rapist.

Metropolitan Police Commissioner Mark Rowley, who had been pushing for changes to police regulations to make it easier to sack rogue officers, welcomed the development.

“I’m grateful to the government for recognising the need for substantial change that will empower chief officers in our fight to uphold the highest standards and restore confidence in policing,” he said.

Politics

Strive to become Bitcoin treasury company

Published

3 hours ago

May 7, 2025

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Strive to become Bitcoin treasury company

Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company.

According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC).

The deal will see Strive merging with Asset Entities — a social media marketing company listed on the Nasdaq. The combined entity will operate under the Strive brand and use its access to the public equity markets to finance Bitcoin purchases, the company said.

Once the deal closes, Strive plans to issue approximately $1 billion in equity and debt and use the proceeds to accumulate BTC. The asset manager “intends to use all available mechanisms to build a Bitcoin war chest […] and build a long-term investment approach designed to outperform Bitcoin,” it said.

Strive plans to allow “Bitcoin holders to contribute Bitcoin in exchange for public stock through a structure that is intended to be tax-free,” it said. As of May 7, the company manages approximately $2 billion in net assets across a variety of funds.

In December, Strive filed to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers.

Corporate Bitcoin treasuries

Corporate Bitcoin treasuries have become popular since the approval of Bitcoin exchange-traded funds (ETFs) on Wall Street. Companies pioneering the Bitcoin buyer approach, such as Strategy have seen their share prices surge by 350% in 2024.

Analysts say adding Bitcoin to corporate treasuries can “potentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks,” asset manager Fidelity Digital Assets said in a 2024 report.

Corporate Bitcoin treasuries collectively hold roughly $74 billion worth of BTC as of May 7, according to Bitcointreasuries.net.

Trump connection

Ramaswamy, an outspoken ally of President-elect Donald Trump, founded Strive in 2022. Its stated goal is to help investors “harness the power of capitalism,” according to Strive’s website.

In 2023, Ramaswamy — who largely earned his $1 billion net worth from biotechnology startup Roivant Sciences — campaigned against Trump in the Republican presidential primary. He later endorsed the president-elect.

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Politics

Trump memecoin dinner attendees could include foreign nationals — Report

Published

4 hours ago

May 7, 2025

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Trump memecoin dinner attendees could include foreign nationals — Report

At least some of the top holders of Donald Trump’s memecoin who apply to attend a private dinner with the president could be based outside the United States.

According to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In addition, more than half of the top 220 holders — the group eligible to apply for a dinner with the president — also used exchanges in other countries.

As of May 7, the identities of the top tokenholders and those who might choose to apply for the May 22 Trump dinner and “special VIP tour” were unknown. However, the project stated that anyone who applied could not bring guests, had to pass a background check, and “can not be from a [Know Your Customer] watchlist country.”

The implications of having dozens or hundreds of memecoin holders potentially tied to foreign governments and interest groups have raised ethics concerns from some US lawmakers, claiming that Trump was engaging in “pay-to-play” corruption. At least one senator has called for the president’s impeachment, saying Trump was “selling access for what are effectively payments directly to him.”

Memecoin concerns are slowing crypto legislation

Democratic lawmakers in the House of Representatives and Senate have already been pushing back against considering any crypto-related legislation until Republicans address concerns around “Trump’s crypto corruption.” The Senate is expected to vote on a bill regulating stablecoins on May 8, and House Republicans recently introduced a discussion draft of a digital asset market structure bill.

Then-president-elect Trump launched the memecoin on Jan. 17 — three days before taking office — followed by the first lady introducing her own token. Two companies connected to Trump control roughly 80% of the memecoin’s supply.

The launch of the memecoin and its potential influence over the president and his agenda has already prompted some companies to get on board. On April 30, a trucking logistics management company announced a $20 million investment in the TRUMP token, suggesting influencing Trump’s trade war between the US and Mexico, where the firm conducts much of its business.

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Politics

Trump-backed USD1 is now the seventh-largest stablecoin worldwide

Published

8 hours ago

May 7, 2025

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Trump-backed USD1 is now the seventh-largest stablecoin worldwide

USD1, the US dollar stablecoin launched by the President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch.

WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb.

Launched in early March with a $3.5 million supply, USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD (FDUSD), PayPal USD (PYUSD) and Tether Gold (XAUT) behind, according to data from CoinGecko.

Although rising fast, the USD1 market cap is still far from the market value of major stablecoins like Tether’s USDt (USDT) and USDC (USDC), whose market caps are worth $149 billion and $61 billion, respectively.

BNB Chain drives USD1 issuance

Trump-backed USD1 is almost exclusively issued on Binance-backed BNB Chain. According to data from BscScan, as much as $2.1 billion of all USD1 supply is issued on BNB Chain, accounting for more than 99% of its total circulating supply, while an Ethereum-based version accounts for just $14.5 million, according to Etherscan.

USD1’s latest market spike was sharp, jumping 1,540% from $128 million to $2.1 billion within two days in late April, according to CoinGecko.

The spike came days before Eric Trump announced that Abu Dhabi-based investment firm MGX would use the USD1 to invest $2 billion in Binance.

Justin Sun-backed HTX among the first CEXs to list USD1

As USD1’s market cap spiked, some centralized exchanges (CEXs) rushed to list the Trump-backed stablecoin.

HTX, a crypto exchange closely associated with Tron founder Justin Sun and formerly known as Huobi, announced the listing of USD1 with permanent zero-fee withdrawals on the BEP-20 network on May 6.

According to websites like CoinGecko and CoinMarketCap, HTX was one of the first CEXs to list USD1, as the token is primarily available on decentralized exchanges, including PancakeSwap and Uniswap.

Most WLFI inflows come from outside the US

While the WLFI community has been voting on the USD1 airdrop, some reports suggested that WLFI investment is mainly coming from outside the United States.

According to a poll by V1PS founder Notaz.Sol, as much as 90% of WLFI investors are likely coming from non-US jurisdictions, including Europe, Asia and Latin America.

A May 7 Bloomberg report also indicated that over half of the top holders of Trump-branded memecoins reside abroad.

The USD1 stablecoin’s growth lines up with Trump’s pro-stablecoin agenda announced in his executive order on “Strengthening American leadership in digital financial technology” in January.

While WLFI has been closely associated with Binance, both Trump and Binance have repeatedly denied and criticized reports suggesting any links or deals between the parties.

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