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“The right to freedom of expression and assembly are fundamental aspects of a liberal democratic society.” The House of Commons Library briefing for MPs, issued this August, could not be clearer.

The home secretary began her controversial Times article last week by declaring “peaceful marches are never banned and even controversial and disruptive ones are policed rather than blocked”.

Yet both the prime minister and home secretary expressed the opinion that this weekend’s pro-Palestinian march should not take place, contrary to the decision by the Metropolitan Police Commissioner Sir Mark Rowley not to seek a ban from the home secretary.

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Rishi Sunak warned ominously “it is my job to hold him accountable”.

Suella Braverman went further, accusing the Met of “double standards” and the perception that they “play favourites when it comes to protesters”. She repeated her view that the pro-Palestinians are “hate marchers”.

The prime minister’s office equivocated that Downing Street had seen her article in advance without approving it and that Mr Sunak still had full confidence in his home secretary.

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If one aim of the Hamas terror attack on 7 October was to spread confusion and panic among Israel and its allies they have certainly succeeded in the UK, setting the prime minister, the home secretary and the nation’s chief of police at odds.

An accident of the calendar added to the tension. This year Remembrance Day, 11 November, the traditional date to commemorate those who died defending their country in war, happened to fall on a Saturday, the traditional non-working day for major protest marches in the capital.

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Thousands gather for pro-Palestinian march

Ms Braverman seemed anxious to foment this apparent clash of cultural attitudes, however unwilling the organisations involved with the two events were to be drawn in.

Both the Royal British Legion and the Palestine Solidarity Campaign argued that both their plans should go ahead and that they should not disrupt each other. Jewish representatives were clear that they did not want the Palestinian march banned on their account.

The pro-Palestinians chose to set aside Sir Mark’s earlier request to “urgently reconsider” a protest on 11 November as “not appropriate”.

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10 out of 12 marches not permitted were planned by right-wing groups

Meanwhile other events went ahead on Saturday, including the Lord Mayor’s Show, which shuts down roads in the City of London for a 24-hour period.

The usual Remembrance Sunday Service at the Cenotaph, attended by the Monarch and political leaders, is due to go ahead with no scheduled conflict with other protests. The Met usually permits, and monitors, a Remembrance march by the English Defence League.

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Brits divided over Gaza march

Statistics are not published on marches which are denied permission. The last known ban was on the EDL in 2011. Ten out of 12 of those not permitted under the Public Order Act were planned by right-wing organisations.

This seems to be of concern to Ms Braverman, who complains that “pro-Palestinian mobs” and Black Lives Matter have not met with the same “stern response” as “right-wing and nationalist protesters”.

Conversely she is unhappy with the “tough” treatment of “lockdown objectors” and “football fans”.

Job of controlling crowds used to fall to military

The point of public protests is to register dissent from positions taken by those in authority, often governments, and to support sides in issues over which there is controversy.

Not surprisingly, this has often brought protesters into confrontation with governments and sometimes into conflict with the forces they task with maintaining order.

Before the establishment of civilian police forces, the job of controlling crowds usually fell to the military, sometimes with violent consequences.

In 1819, 18 people were killed and over 400 injured when cavalry charged protesters for civil rights at Peterloo in Manchester. In 1834 in Newport, around 20 people were killed and 50 wounded in a firefight between soldiers in the 45th Regiment of Foot and armed Chartists, demanding political reform.

Subsequently the principle was established that the primary role of the police force is to protect the right of free speech, including protest, provided that those taking part were not breaking the law in some other aspect.

This could prove highly controversial.

In 1936 the Metropolitan Police were mobilised to protect a march by the British Union of Fascists, Sir Oswald Mosley’s “Black Shirts”, through the East End of London, including areas with a significant Jewish population.

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Why are people marching in London?

Local people, of all backgrounds, gathered in far greater numbers for a counter-demonstration. Clashes between police and rival demonstrators followed, with over 150 arrests, most famously when the police attempted to remove a barricade which had been placed across Cable Street.

The Public Order Act 1936, which followed “the Battle of Cable Street”, established some key restrictions on future protests in the UK. It outlawed the wearing of political uniforms and it forced organisers of large meetings and demonstrations to obtain police permission.

Crucially the police gained powers independently to impose conditions relating to the duration and route of marches. Mosley wanted to march in the East End as a deliberate provocation to the communities there.

Right to protest is protected in UK

This weekend the possibility of a clash was significantly reduced when the official Palestinian march adopted a route different from previous Saturdays and away from the Cenotaph, the official national remembrance monument, and Parliament Square.

A special “controlled area” around parliament was introduced in the Police Reform and Social Responsibility Act 2011. By then a previous convention banning demonstrations in the area had been abandoned and permanent encampments had been set up by a number of protest movements including Anti-Pinochet, the Countryside Alliance and Stop the War. The new act banned the use of loudspeakers and pitching of tents.

In the UK the right to protest is protected by Article 10 and Article 11 of the European Convention on Human Rights (ECHR) and given effect in the UK through the Human Rights Act (HRA) 1998, another bete noir of the home secretary. There are no legal powers to ban people gathering for so-called “static” demonstrations.

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PM ‘politicking’ over pro-Palestine march

Intelligence did not support ‘reasonable belief’ serious disorder was likely

Protest marches can only be banned by the home secretary on application from the local police chief or police and crime commissioner. The central government has reserved this power for itself rather than devolve it to the mayor of London, even though the mayor is in charge of police in the capital.

Under Section 12 of the Public Order Act 1986, the commissioner can place restrictions on marches if he or she “reasonably believes” there could be serious disorder, damage or disruption.

But Sir Mark refused to go further and apply for a ban under Section 13 because his intelligence did not support the “reasonable belief” that serious disorder was likely on Saturday.

Police resources stretched thin

In the wake of the Extinction Rebellion and Just Stop Oil protests the government tightened the law on protests with the Public Order Act 2023.

But measures against “serious public disorder”, “serious damage to property” and “serious disruption to the life of the community” should not automatically apply to a transitory and peaceful march.

The Met intends to be “sharper” picking up individuals who break the law by violence, hate speech, advocating support for an illegal terrorist organisation such as Hamas, chanting “from the river to the sea” or the “intimidation of others”.

But in reality when hundreds of thousands take to the streets, police resources are stretched controlling the mass flow of people, without sending in snatch squads which are likely to provoke disorder.

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Keep calm and carry on

Ms Braverman called the Palestinian marches “an assertion of primacy by certain groups – particularly Islamists – of the kind we are used to seeing in Northern Ireland” with “reminiscent” reports of “links to terrorist groups, including Hamas”.

All traditions, and the PSNI, are offended. The deputy commissioner of the Metropolitan Police had already stated: “What we cannot do is interpret support for the Palestinian cause more broadly as being support for Hamas or any other proscribed group.”

“Primacy” is one thing. A passing parade, however large and however profound the passions it stirs, is another.

London’s Metropolitan Police are far from perfect, but on how to handle 11 November 2023 Sir Mark seems to have a firmer grasp on the fundamentals of our liberal democratic society than the home secretary.

Keep calm and carry on.

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Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

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Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

The new trade tariffs announced by US President Donald Trump may place added pressure on the Bitcoin mining ecosystem both domestically and globally, according to one industry executive.

While the US is home to Bitcoin (BTC) mining manufacturing firms such as Auradine, it’s still “not possible to make the whole supply chain, including materials, US-based,” Kristian Csepcsar, chief marketing officer at BTC mining tech provider Braiins, told Cointelegraph.

On April 2, Trump announced sweeping tariffs, imposing a 10% tariff on all countries that export to the US and introducing “reciprocal” levies targeting America’s key trading partners.

Community members have debated the potential effects of the tariffs on Bitcoin, with some saying their impact has been overstated, while others see them as a significant threat.

Tariffs compound existing mining challenges

Csepcsar said the mining industry is already experiencing tough times, pointing to key indicators like the BTC hashprice.

Hashprice — a measure of a miner’s daily revenue per unit of hash power spent to mine BTC blocks — has been on the decline since 2022 and dropped to all-time lows of $50 for the first time in 2024.

According to data from Bitbo, the BTC hashprice was still hovering around all-time low levels of $53 on March 30.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Bitcoin hashprice since late 2013. Source: Bitbo

“Hashprice is the key metric miners follow to understand their bottom line. It is how many dollars one terahash makes a day. A key profitability metric, and it is at all-time lows, ever,” Csepcsar said.

He added that mining equipment tariffs were already increasing under the Biden administration in 2024, and cited comments from Summer Meng, general manager at Chinese crypto mining supplier Bitmars.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Source: Summer Meng

“But they keep getting stricter under Trump,” Csepcsar added, referring to companies such as the China-based Bitmain — the world’s largest ASIC manufacturer — which is subject to the new tariffs.

Trump’s latest measures include a 34% additional tariff on top of an existing 20% levy for Chinese mining imports. In response, China reportedly imposed its own retaliatory tariffs on April 4.

BTC mining firms to “lose in the short term”

Csepcsar also noted that cutting-edge chips for crypto mining are currently massively produced in countries like Taiwan and South Korea, which were hit by new 32% and 25% tariffs, respectively.

“It will take a decade for the US to catch up with cutting-edge chip manufacturing. So again, companies, including American ones, lose in the short term,” he said.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Source: jmhorp

Csepcsar also observed that some countries in the Commonwealth of Independent States region, including Russia and Kazakhstan, have been beefing up mining efforts and could potentially overtake the US in hashrate dominance.

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“If we continue to see trade war, these regions with low tariffs and more favorable mining conditions can see a major boom,” Csepcsar warned.

As the newly announced tariffs potentially hurt Bitcoin mining both globally and in the US, it may become more difficult for Trump to keep his promise of making the US the global mining leader.

Trump’s stance on crypto has shifted multiple times over the years. As his administration embraces a more pro-crypto agenda, it remains to be seen how the latest economic policies will impact his long-term strategy for digital assets.

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Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

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Malta regulator fines OKX crypto exchange .2M for past AML breaches

Malta regulator fines OKX crypto exchange .2M for past AML breaches

Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws.

Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based subsidiary — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3.

While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its past compliance failures from 2023, “some of which were deemed to be serious and systematic,” the FIAU notice said.

OKX was among the first crypto exchanges to receive a license under Europe’s new Markets in Crypto-Assets (MiCA) regulation via its Malta hub in January 2025.

The news of the $1.2 million penalty in Malta came after Bloomberg in March reported that European Union regulators were probing OKX for laundering $100 million in funds from the Bybit hack.

Bybit CEO Ben Zhou previously claimed that OKX’s Web3 proxy allowed hackers to launder about $100 million, or 40,233 Ether (ETH), from the $1.5 billion hack that occurred in February.

This is a developing story, and further information will be added as it becomes available.

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US court fines UAE crypto firm CLS Global $428K for wash trading

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US court fines UAE crypto firm CLS Global 8K for wash trading

US court fines UAE crypto firm CLS Global 8K for wash trading

Authorities in the US state of Massachusetts continue targeting unlawful cryptocurrency market practices, with a local court fining crypto financial services firm CLS Global.

A federal court in Boston on April 2 sentenced CLS Global on criminal charges related to fraudulent manipulation of crypto trading volume, according to an announcement from the Massachusetts US Attorney’s Office.

In addition to a $428,059 fine, the court prohibited CLS Global from offering services in the US for a probation period of three years.

CLS Global, a crypto market maker registered in the United Arab Emirates, in January pleaded guilty to one count of conspiracy to commit market manipulation and one count of wire fraud.

CLS agreed to manipulate the FBI’s “trap token” NexFundAI

The charges against CLS Global followed an undercover law enforcement operation involving NexFundAI, a token created by the FBI as part of a sting operation in May 2024.

CLS Global was among at least three firms that took the FBI’s bait and agreed to provide “market maker services” for NexFundAI, including a fraudulent scheme to attract investors to purchase the token.

In October 2024, the Securities and Exchange Commission announced fraud charges against CLS and its employee, Andrey Zhorzhes. The US securities regulator also filed complaints against two other NexFundAI manipulators, Hong Kong-linked ZM Quant Investment and Russia-linked Gotbit Consulting.

CLS Global’s profile

According to CLS Global CEO Filipp Veselov, the company was founded in 2017 to fill in a “huge gap in the market for high-quality market-making solutions and trading consulting.”

Prior to CLS, Veselov worked at the Russian cryptocurrency exchange platform Latoken, which is advertised as a “global digital asset exchange” and has about 370,000 followers on X.

The CLS team also includes chief revenue officer Pavel Singaevskii, who previously served as sales manager at Stex, a crypto platform that reportedly ceased operations without warning in 2023.

US court fines UAE crypto firm CLS Global $428K for wash trading

Source: CLS Global

According to CLS Global’s X page, the platform continues operating and has more than 110,000 followers at the time of publication.

How much wash trading is in crypto?

Wash trading is an illegal practice involving artificially inflating trading volume by repeatedly buying and selling the same asset, generating a misleading perception of demand.

According to a January 2025 report by the US blockchain analytics firm Chainalysis, the crypto market has at least $2.6 billion in estimated wash traded volumes, or just about 2% of total daily crypto trading volumes, as reported by CoinGecko.

US court fines UAE crypto firm CLS Global $428K for wash trading

Estimated wash trade volume in crypto. Source: Chainalysis

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Some studies indicate that wash trading makes up a bigger share of the crypto market.

In 2022, the US National Bureau of Economic Research reported that illegal wash trading may account for as much as 70% of average trading volumes on unregulated exchanges.

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