Israel-Gaza war: ‘Highly likely’ hostages held by Hamas include Britons, says Defence Secretary Grant Shapps

Published

1 year ago

October 13, 2023

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Britons are “highly likely” to be among those held by Hamas in Gaza, Defence Secretary Grant Shapps has told Sky News.

The cabinet minister revealed the UK had also sent additional intelligence personnel to the region as part of efforts to release those captured or assist citizens trapped in the besieged enclave.

His comments came just before Hamas claimed Israel’s bombardment of the Gaza Strip had killed 13 hostages, including foreigners, held by the group.

The UK is sending RAF aircraft and Royal Navy ships to the eastern Mediterranean to support Israel and “send a signal” to the wider region in the wake of the surprise attack by militants on Saturday, which has unleashed a conflict that has already claimed at least 2,700 lives.

Pressed over whether UK citizens were among those kidnapped by insurgents and held in Gaza, Mr Shapps said: “It seems very likely that there are. We don’t have exact data on that for obvious reasons.

“But within Gaza, there will also be Brits, or possibly people with dual nationalities as well.

“The prime minister has spoken to the Egyptian president about using that border to get people out.

“The situation is far from clear.

“It’s one of the reasons, as I mentioned before, we’ve sent additional personnel, intelligence personnel, in order to assist with exactly those types of operations.”

Mr Shapps added: “It is highly likely – no one will know for sure – that there are… either British nationals or people with a joint nationality involved in the hostage situation that has been reported previously.”

Shapps defends ‘substantial’ UK support

To date, at least 1,300 Israelis have died while 1,417 Palestinians, including 447 children, have been killed in retaliatory strikes in Gaza – where electricity, water and fuel have been cut off.

The Foreign Office said flights have been organised to get British nationals out of Israel, with the first plane for “vulnerable” people expected to depart today.

The military force being deployed by the UK to the region includes P8 surveillance aircraft, two Royal Navy ships – Royal Fleet Auxiliary (RFA) vessels Lyme Bay and Argus – three Merlin helicopters and a company of Royal Marines.

Critics have highlighted the UK force will be a token gesture compared to the support provided by the US.

But Mr Shapps said: “We do in fact have warships in the region if we needed to, but we don’t want to escalate the situation.

“What we want to do is assist and by working with our friends and allies.

“That is exactly what this is intended to do.

“We are also… thickening or bolstering our intelligence gathering with people on the ground throughout the region as well.

“So our input is actually quite substantial and working in hand-in-glove with our allies and particularly the Americans in this case.”

He went on: “It’s intelligence, surveillance and really a signal to the wider region and perhaps those actors who might now try to exploit this terrorist, Hamas situation.”

‘Israel is doing all it can to warn people’

Mr Shapps also insisted Israel had the right to defend itself when questioned over the evacuation order for more than a million Palestinians to move to the south of Gaza in the next 24 hours, in the face of a possible ground offensive.

He said: “Israel, unlike Hamas – who again, and I saw this at NATO where we had a full briefing on what happened, including seeing some very distressing video of Hamas beheading people, murdering people, showing off the bodies and dragging them through the street, raping people – unlike that terrorist organisation, Israel is doing all it can to provide advance notice and warning in order that they can go after those terrorists who carried out those actions, and by the way have taken hostages as well.

“Hamas can bring all of this to an end, they can release the hostages, they can recognise not just Israel, [but also] remove from their founding charter the principle of eradicating all Jews from the Earth.”

He added: “Israel on the other hand has the perfect right to defend itself. It is doing that in a manner which is giving people warning in advance when they are going to go after areas.”

At home, the government also announced it would provide an extra £3m in funding to bolster security at Jewish schools following reports some had been forced to close over fears of the safety of pupils.

Politics

Crypto stocks down, IPOs punted amid tariff tumult

Published

2 hours ago

April 4, 2025

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Crypto stocks down, IPOs punted amid tariff tumult

Cryptocurrency firms felt the heat from US President Donald Trump’s sweeping tariff rollout this week as market turbulence sent share prices tumbling and foiled initial public offering (IPO) plans.

From exchanges to Bitcoin (BTC) miners, crypto stocks suffered as much, if not more, than shares of other companies — despite the industry’s warm relationship with the US president.

On April 2, Trump announced he was placing tariffs of at least 10% on practically all imports into the United States and adding additional “reciprocal” tariffs on some 57 countries.

Since then, major US stock indices — including the S&P 500 and Nasdaq — tumbled by roughly 10% as traders braced for a looming trade war.

Sharp selloffs

Crypto exchange Coinbase — a prominent ally of Trump during the November US elections — experienced a similarly severe sell-off, with its stock price dropping by roughly 12% during the same period, according to data from Google Finance.

Bitcoin miners are also taking a hit. The CoinShares Crypto Miners ETF (WGMI) — which tracks a diverse basket of Bitcoin mining stocks — has lost roughly 13% of its value since immediately prior to Trump’s April 2 announcement, according to data from Morningstar.

Even Strategy, one of the best-performing stocks of 2024, wasn’t immune. Its share price has fallen by around 6% on the news, Google Finance data showed.

According to Reuters, investment bank JPMorgan has raised its estimated odds of a global economic recession in 2025 to 60% from 40% previously.

“Disruptive U.S. policies have been recognized as the biggest risk to the global outlook all year,” JP Morgan reportedly said.

“The effect … is likely to be magnified through (tariff) retaliation, a slide in U.S. business sentiment and supply-chain disruptions.”

IPO delays

The impact of US tariffs hasn’t been limited to stock price volatility. Stablecoin issuer Circle has reportedly paused plans for a 2025 IPO, citing market turbulence.

According to The Wall Street Journal, Circle is “waiting anxiously” before taking further steps after filing to take the company public on April 1.

It is among several companies — including fintech Klarna and ticketing service StubHub — reportedly considering altering or shelving IPO plans.

One exception may be Bitcoin itself, which some analysts say is finally “decoupling” from the broader market.

Bitcoin’s spot price has held above $82,000 this week, even as US equities markets collapsed.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

Politics

Brazilian court authorizes crypto seizure for debt collection — Report

Published

2 hours ago

April 4, 2025

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Brazilian court authorizes crypto seizure for debt collection — Report

Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment and a store of value.

According to local media reports, the Third Panel of Brazil’s Superior Court of Justice unanimously authorized judges to send letters to cryptocurrency brokers informing them about their intent to seize an account holder’s assets to repay creditors.

The report was confirmed by the Superior Court of Justice, which issued a notice on its website.

The decision was reached unanimously by the Third Panel, which reviewed a case brought forward by a creditor.

“Although they are not legal tender, crypto assets can be used as a form of payment and as a store of value,” a translated version of the Superior Court of Justice’s memo read.

Under existing rules, Brazilian judges are allowed to freeze bank accounts and order fund withdrawals, even without a debtor’s knowledge, should they rule that a creditor is owed money.

Following the recent decision, crypto assets now fall under the same purview.

Minister Ricardo Villas Bôas Cueva, who voted in the five-person panel, said cryptocurrencies still lack formal regulation in Brazil but noted certain bills have recognized the asset class as “a digital representation of value.”

Despite regulatory uncertainty, Brazil is a major hub for crypto

Although Brazil still lacks an overarching framework for digital assets, with the country’s central bank divvying up the regulatory processes into phases, crypto adoption is surging across the country.

Brazil ranks second among all Latin American countries in terms of “crypto value received,” which is a key benchmark for adoption, according to an October report by Chainalysis.

Earlier this year, crypto exchange Binance was granted approval to operate in the country after it acquired a São Paulo-based investment company.

A Binance executive told Cointelegraph at the time that Brazil was making “significant strides” in regulating the industry and expects a comprehensive framework to be finalized “by mid-year.”

Nevertheless, not all of Brazil’s regulatory proposals have been favorable for the industry.

In December, the country’s central bank proposed banning stablecoin transactions on self-custodial wallets at a time when more locals were using dollar-pegged tokens to hedge against the devaluation of the Brazilian real.

Industry observers told Cointelegraph at the time that such a ban would be difficult to enforce.

“Governments can regulate centralized exchanges, but P2P transactions and decentralized platforms are much harder to control, which means the ban would likely only affect part of the ecosystem,” said Lucien Bourdon, an analyst with Trezor.

Politics

‘Will the PM side with parents or tech bros?’: Labour peer demands action on children’s smartphone safety

Published

3 hours ago

April 4, 2025

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'Will the PM side with parents or tech bros?': Labour peer demands action on children's smartphone safety

Sir Keir Starmer needs to choose between parents who want stronger action to tackle harmful content on children’s phones, or the “tech bros” who are resisting changes to their platforms, Baroness Harriet Harman has said.

Speaking to Beth Rigby on Sky News’ Electoral Dysfunction podcast, the Labour peer noted that the prime minister met with the creators of hit Netflix drama Adolescence to discuss safety on social media, but she questioned if he is going to take action to “stop the tech companies allowing this sort of stuff” on their platforms where children can access it.

Sir Keir hosted a roundtable on Monday with Adolescence co-writer Jack Thorne and producer Jo Johnson to discuss issues raised in the series, which centres on a 13-year-old boy arrested for the murder of a young girl, and the rise of incel culture.

Politics latest: Could the UK retaliate against Trump?

The aim was to discuss how to prevent young boys being dragged into a “whirlpool of hatred and misogyny”, and the prime minister said the four-part series raises questions about how to keep young people safe from technology.

Sir Keir has backed calls for the four-part drama to be shown in all schools across the country, but Baroness Harman questioned what is going to be achieved by having young people simply watch the show.

“Two questions were raised [for me],” she said. ” Firstly – after they’ve watched it, what is going to be the discussion afterwards?

“And secondly, is he going to act to stop the tech companies allowing this sort of stuff to go online into smartphones without protection of children?

“Because if the tech companies wanted to do this, they could actually protect children. They can do everything they want with their tech.”

She acknowledged there are “very big public policy challenges” in this area, but added of the prime minister: “Is he going to side with parents who are terrified and want this content off their children’s phones, or is he going to accept the tech bros’ resistance to having to make changes?”

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Can parliament keep up?

The Labour peer backed the Conservative Party’s call for a ban on smartphones in schools to be mandated from Westminster, saying it would “enable all schools not to have a discussion with their parents or to battle it out, but just to say, this is the ruling” from central government, which Ofsted would then enforce.

“I’m sensitive to the idea that we shouldn’t constantly be telling schools what to do,” she continued. “And they’ve got a lot of common sense and a lot of professional experience, and they should have as much autonomy as possible.

“But perhaps it’s easier for them if it’s done top down.”

Baroness Harman also questioned the speed with which parliament is actually able to legislate to deal with the very rapid development of new technologies, and posits that it could “change its processes to be able to legislate in real time”.

She suggested that a “powerful select committee” of MPs could be established to do that, because “otherwise we talk about it, and then we’re not able to legislate for 10 years – by which time that problem has really set in, and we’ve got a whole load more problems”.

On the podcast, the trio also discussed the 10% tariffs imposed on the UK by Donald Trump and the government’s efforts to strike a trade deal with the US to mitigate the impact of the levy.

The government has refused to rule out scrapping the Digital Services Tax, a 2% levy on tech giants’ revenues in the UK, as part of the negotiations with the Trump administration – a move Baroness Harman said would be “very heartbreaking”.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈