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Pupils, parents and teachers have been left “bewildered and floundering” by the government’s handling of education during the coronavirus pandemic, according to a critical new report.

The Institute for Government said that lessons were not learnt from the first COVID-19 lockdown, leading to a case of “pause, rewind, repeat” when it came to school closures and exams.

It said there were “dreadful communications” from the government, with “repeated declarations that schools would open or close, or that exams would be held – despite the evident uncertainties – until reality struck”.

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Can schools recover from the impact of the pandemic?

“The result was U-turn after U-turn, with pupils, parents and teachers left bewildered and floundering time and again,” it said.

A Department for Education spokesperson said it had “acted swiftly at every turn to minimise the impact on children’s education and wellbeing and help keep pupils in face-to-face education as much as possible” during the pandemic.

“We provided 1.3 million laptops and tablets to disadvantaged students, funded Oak National Academy to provide video lessons and made sure students could receive exam grades that helped them progress to the next stage of education or work,” they added.

“Through the tutoring revolution that will see pupils receive up to 100 million hours of free tuition, summer schools and our investment in the teaching profession we are working with schools to deliver ambitious catch-up plans so the children and young people who have been most disadvantaged during the pandemic have the support they need to catch up on their lost learning.”

More on Covid-19

The IfG report, entitled Schools And Coronavirus: The Government’s Handling Of Education During The Pandemic, comes ahead of the release of this year’s A-level and GCSE results later this month.

It labels the period following the closure of schools in England in March 2020 “easily the most disruptive period in children’s education since at least the start of the Second World War”.

The report said: “Its most important conclusion is that the most unforgivable aspect of what happened is not just the failure to make contingency plans in the summer of 2020 but the refusal to do so – when it was already obvious that fresh school closures might well be needed, and that exams might have to be cancelled again.

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‘We’ll be ending bubbles’

“Lessons were not learnt from the first lockdown, with the result that, for both school closures and exams, the story from July 2020 to January 2021 was a case of ‘pause, rewind, repeat’.”

It added: “Well into March 2021, and indeed beyond, pupils taking GCSEs, A-levels and BTecs remained unclear about precisely how they were to be assessed. At times it felt as though the school system was in chaos.”

But the DfE disputed this, with a spokesperson saying: “Contrary to the claims in this report, contingency plans for restrictions on schools opening in the 21/22 academic year were first published in August 2020, and contingency plans for qualifications in 2021 were first discussed with Ofqual in October 2020.”

The report did praise what it said was the “commendably swift decision” on the definition of key workers and, therefore, which children could still come to school.

But it added that the “supply of laptops for remote learning was, perhaps unavoidably, slower than anyone would have liked”.

Education Secretary Gavin Williamson during a media briefing in Downing Street
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The education secretary ‘appears not to have been directly involved in any of the key meetings ahead of the original decision to close schools’, the report says

And there were concerns expressed about the government’s “highly centralised approach” to dealing with 24,000 schools and “tensions between No 10 and DfE” [the Department for Education].

The IfG report also criticised what it said was a “refusal to trust local authorities and a failure to engage effectively with them, and their directors of public health, in ways that might have allowed a more nuanced and better response”.

It claimed that Education Secretary Gavin Williamson “appears not to have been directly involved in any of the key meetings ahead of the original decision to close schools in March 2020”.

The report included comments from a Number 10 source over how Boris Johnson approached contingency planning during the pandemic.

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Families reflect on home schooling

It noted: “A No 10 source says that ‘the clear steer’ that officials received from the prime minister was not to make contingency plans. Schools were going to reopen. Exams would be held.

“The view was that ‘if you prepare for these things not happening, then the outcome is that they are far more likely not to happen… people will look for the easy way out and take it’.

“According to this insider, the prime minister’s default is to bluff. To talk up things to such an extent that they will happen through the force of his own personality. Which is a very powerful tool. But the virus doesn’t listen to those messages.”

IfG senior fellow and report author Nicholas Timmins said: “Some early decisions in England were taken well. Some, which took longer than anyone would have wanted to implement, will have some lasting benefit.

“But the failure – indeed, the refusal – to make contingency plans over the summer and autumn of 2020 left pupils, parents and teachers facing a case of ‘pause, rewind, repeat’, not least over exams.”

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Taiwan lawmaker calls for Bitcoin reserve at national conference

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Taiwan lawmaker calls for Bitcoin reserve at national conference

Taiwan lawmaker calls for Bitcoin reserve at national conference

Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.

Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9.

In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience.

Taiwan lawmaker calls for Bitcoin reserve at national conference
Source: Ko Ju-Chun

Ko’s announcement came shortly after the legislator held talks with Samson Mow, who advocates for Bitcoin adoption by states like El Salvador at his BTC tech firm Jan3.

Taiwan is an export-oriented economy

Ko highlighted that Taiwan is an export-driven economy that has experienced significant fluctuations in its national currency, the New Taiwan dollar, amid global inflation and intensifying geopolitical risks.

“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,” the lawmaker stated.

In a scenario of more intense currency volatility or potential regional conflicts, Taiwan may “very likely be unable to ensure the security and liquidity,” Ko continued, adding that Bitcoin could be a great addition to Taiwan’s reserves for several reasons.

Law, Investments, Taiwan, Samson Mow, Policy, Bitcoin Reserve
Ko Ju-Chun advocated for the adoption of Bitcoin by the Taiwanese government before the Legislative Yuan. Source: Ko Ju-Chun

“Bitcoin has been operating for over 15 years. It has a fixed total supply, is decentralized, and is resistant to censorship. Many countries are focusing on its hedging attributes. At the same time, in intense situations, it may not face the risk of embargo,” he said.

Bitcoin is not the only solution

Referring to many global initiatives considering Bitcoin adoption as a reserve asset, Ko stressed that he’s not advocating for Bitcoin as the “only solution” to rising economic challenges.

Instead, the legislator suggested adding a “small proportion of Bitcoin” into the diversified assets as tools for sovereign asset allocation and risk hedging, and backup capacity of Taiwan’s financial system.

Related: Trump tricked into pushing XRP for crypto reserve: Report

He previously suggested that Taiwan could allocate a maximum of 5% of its $50 billion reserve to Bitcoin in an X post on May 6.

Taiwan lawmaker calls for Bitcoin reserve at national conference
Source: Ko Ju-Chun

“When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,” Ko said, adding:

“As former Dean Chen Chong said, Bitcoin is the gun of the digital era. It may also be the gold of the digital era, the silver of the digital era. Or it could be gunpowder. A wise nation will not let weapons be in others’ hands.”

The news comes as Taiwan is emerging as a crypto-friendly jurisdiction, with the Financial Supervisory Commission pushing institutional trials of crypto custody services in late 2024.

Mainland China continues to maintain its hostile stance on cryptocurrency after imposing a ban on multiple crypto activities, including mining, in 2021.

Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

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Germany seizes $38M in crypto from Bybit hack-linked eXch exchange

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Germany seizes M in crypto from Bybit hack-linked eXch exchange

Germany seizes M in crypto from Bybit hack-linked eXch exchange

German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack.

The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (DASH). The move marks the third-largest crypto confiscation in the BKA’s history.

The authorities also seized eXch’s German server infrastructure with over eight terabytes of data and shut down the platform, the announcement added.

eXch exchanged crypto without AML

In the statement, the BKA described eXch as a “swapping” service that allowed users to exchange various crypto assets without implementing Anti-Money Laundering (AML) measures.

The platform had operated since 2014 and reportedly facilitated about $1.9 billion in crypto transfers, some of which were believed to be of “criminal origin,” including assets laundered during the Bybit hack.

Germany seizes $38M in crypto from Bybit hack-linked eXch exchange
Example of flow of Bybit exploit funds moving through eXch and bridging back and forth between Ether and Bitcoin. Source: TRM Labs

“Among other things, a portion of the $1.5 billion stolen from the Bybit crypto exchange, which was hacked on Feb. 21, 2025, is said to have been exchanged via eXch,” the authorities wrote.

Multisig, FixedFloat among laundering cases

According to a post by crypto sleuth ZachXBT, eXch was also involved in laundering millions of funds from other crypto thefts and exploits, including Multisig, FixedFloat and the $243 million Genesis creditor theft.

Those were in addition to “countless phishing drainer services over the past few years with refusal to block addresses and freeze orders,” ZachXBT said.

Germany, AML, Crimes, Hacks, Policy, Bybit
Source: ZachXBT

ZachXBT was among the first security analysts to report on eXch’s links to laundering $35 million of crypto assets stolen from Bybit soon after the hack was confirmed.

Related: Hacken CEO sees ‘no shift’ in crypto security as April hacks hit $357M

“Lazarus Group transferred 5K ETH from the Bybit Hack to a new address and began laundering funds via eXch (a centralized mixer) and bridging funds to Bitcoin via Chainflip,” ZachXBT wrote in a Telegram post on Feb. 22.

eXch announced termination of services by May 1

After initially denying involvement in laundering funds from the Bybit hack, eXch eventually announced it would cease operations by May 1 in a Bitcoin Talk post published in mid-April.

“Even though we have been able to operate despite some failed attempts to shut down our infrastructure […], we don’t see any point in operating in a hostile environment where we are the target of SIGINT [Signals Intelligence] simply because some people misinterpret our goals,” it wrote.

Addressing the seizure, senior public prosecutor Benjamin Krause stressed the importance of action against “quick and anonymous opportunities for money laundering for any amount.”

“Crypto swapping is an essential component of the underground economy, used to conceal incriminated funds from illegal activities such as hacking or trading in stolen payment card data, thus making them available to perpetrators,” he said.

Magazine: Finally blast into space with Justin Sun, Vietnam’s new national blockchain: Asia Express

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Can a trade deal with Trump save Starmer?

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Can a trade deal with Trump save Starmer?

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

With Ruth away, Beth and Harriet are joined by Salma Shah, a former Conservative special adviser from 2014-2018 and now a political commentator.

They unpack Donald Trump’s surprise UK trade deal announcement and what it means for Sir Keir Starmer, who’s also landed a deal with India and is gearing up for key EU negotiations.

But while the global optics look strong, the domestic mood is tense. Harriet has some advice for the Labour backbenchers who are unhappy over welfare cuts and the winter fuel allowance policy.

Also – does Sir Keir need a hand with his comms?

Come and join us live on Tuesday 20 May at Cadogan Hall in London, tickets available now: https://www.aegpresents.co.uk/event/electoral-dysfunction-live/

Remember you can also watch us on YouTube!

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