Connect with us

Published

on

Inactive Bitcoin addresses have hit all-time highs across one-, three- and five-year time domains while BTC outflows from exchanges continue. 7167 Total views 43 Total shares Listen to article 0:00 News Join us on social networksOn-chain data suggests that Bitcoin (BTC) holders are accumulating BTC with exchange holdings down to yearly lows and the percentage of inactive BTC supply at all-time highs.

According to Glassnodes Bitcoin supply last active chart, inactive BTC that has not moved from an address for more than one-, three- and five-year time frames has been at all-time highs since July 2023.

These metrics are mirroredby Bitcoin analytics from CoinMarketCap, which tracks wallet addresses by how long theyve been holding BTC. An estimated 69%, or 36.8 million addresses, have held BTC for over a year.Bitcoin analytics. Source: CoinMarketCap

CryptoQuant chartsalso reflect Bitcoin outflows from exchanges that have steadily declined from July 2021, with just over 2 million BTC remaining on exchanges.Bitcoin exchange reserves. Source: CryptoQuant

The CoinGlass Bitcoin on exchanges trackerbreaks down the circulating BTC held by major centralized exchanges.Cryptocurrency exchange Bitcoin holdings. Source: CoinGlass

Binance tops the list with some 543,281 BTC on its books, but the exchange has seen significant Bitcoin outflows over the past 30 days, with 21,645 BTC withdrawn in the last month.

Coinbase Pros BTC balance of 435,530 BTC leaves it second on the list, with the United States-based exchange also having 3,612 BTC withdrawn from its platform over the last 30 days.

Related:Bitcoin price all-time high will precede 2024 halving New prediction

OKX is the only exchange in the top 10 that recorded a significant inflow of Bitcoin in the last 30 days, with 4,630 BTC being moved onto the platform over the past month.

Market commentators and analysts have delivered lofty predictions of the potential value of Bitcoin, with its highly-anticipated mining reward halving set to take place in 2024.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

Magazine:Recursive inscriptions: Bitcoin supercomputer and BTC DeFi coming soon # Bitcoin # Bitcoin Price # Bitcoin Analysis # Adoption # Cryptocurrency Exchange # Hodl

Add reaction

Add reaction Read more What is profit and loss (PnL) and how to calculate it Price analysis 9/15: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC What bear market? These crypto websites see traffic rising in 2023

Continue Reading

US

Zohran Mamdani: ‘Trump’s worst nightmare’ projected to win New York mayoral race, NBC projects

Published

on

By

Zohran Mamdani: 'Trump's worst nightmare' projected to win New York mayoral race, NBC projects

Democrat Zohran Mamdani – who described himself as “Trump’s worst nightmare” – is set to become New York’s next mayor, Sky’s US partner network NBC News projects.

The projected win – with 60.2% of votes counted – comes after one of the most colourful races in years and looks set to have a profound effect on US national politics.

Mr Mamdani will be the first Muslim, first South Asian, and youngest person in a century to be elected as New York City mayor.

The first reaction from the Democrat came on social media while votes were still being counted, where Mr Mamdani posted a video of a subway coming to a stop as a tannoy says: “The next and last stop is: City Hall.”

After the current Democratic mayor, Eric Adams, announced he would run as an independent after a corruption scandal, Andrew Cuomo emerged as frontrunner to take the party’s nomination.

He was looking to rebuild his career after resigning as governor of New York State in 2021 amid allegations of sexual harassment.

But in a major upset, relative outsider Mr Mamdani took the nomination instead, and became the favourite for mayor. Cuomo then chose to run as an independent.

Read more:
Who is Zohran Mamdani?
Will Mamdani inspire Democrats’ strategy?

Please use Chrome browser for a more accessible video player

Who is Zohran Mamdani?

On the eve of the election, Mr Trump said Mr Mamdani – who is known for left-wing policies and campaigning on issues like affordable housing – would bring “disaster” to the city.

He encouraged backers of Curtis Sliwa, the Republican candidate who trailed in polling, to transfer their votes to Mr Cuomo instead.

Pic: NDZ / STAR MAX / IPx / AP
Image:
Pic: NDZ / STAR MAX / IPx / AP

New York’s mayoral race was one of four elections on Tuesday serving as a bellwether referendum on Mr Trump’s second term as president.

Democrats Abigail Spanberger and Mikie Sherrill won their races to become state governor in Virginia and New Jersey, respectively.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the latest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.

Continue Reading

UK

Biggest schools shake-up in a decade to cut GCSE exam time – and add AI and fake news lessons

Published

on

By

Biggest schools shake-up in a decade to cut GCSE exam time - and add AI and fake news lessons

The government has announced it will cut GCSE exam time by up to three hours per student.

The final report from a curriculum and assessment review – commissioned by Labour last year, and the biggest of its kind for a decade – recommends cutting the overall volume of exams at Key Stage 4 by 10%, ruling the current amount as “excessive”.

It also calls for the introduction of new maths and English tests in Year 8 to help teachers identify learning gaps sooner, the addition of mandatory citizenship lessons in primary schools, and a major overhaul of the Key Stage 2 grammar, punctuation, and spelling test.

AI among new subjects

The reforms to the national curriculum will also include a focus on AI and data science for post-16 students.

For the first time, primary-aged children will be taught how to spot fake news and identify misinformation and disinformation. This will help them develop their critical thinking skills and protect them when online.

Primary pupils will also learn more about the fundamentals of money. The review recognises that children are now consumers often before they reach secondary school.

A new compulsory reading test in Year 8 will be introduced. This will be in addition to a writing assessment in Year 6, as well as SATs, to identify pupils who need extra support.

Is another exam in Year 8 the right move?

Anjum Peerbacos

Education reporter

Are more exams the only way standards can be improved?

Primary colleagues have said SATs are not the best way to assess children. Previously, primary teachers have taken industrial action over this issue.

There is a danger this additional exam will exacerbate an exam factory culture which already exists in many schools. As a former secondary school teacher and parent I have seen first-hand how many hours of exams the system expects fifteen and sixteen-year-olds to do for their GCSEs.

There has been a huge rise in issues in young people’s mental health and the topic of exams is one of huge stress for young people. To introduce another compulsory exam seems rather short-sighted.

Exams are not the only way to drive up standards for young people and improve their life chances. Is the new system setting up another opportunity to fail?

Schools will also be expected to work towards offering triple science GCSE as standard.

This comes alongside the government exploring a new qualification for 16-18 year olds in data science and AI, with a view to encourage more young people into science and tech careers.

Education Secretary Bridget Phillipson said the changes “will help young people step boldly into the future, with the knowledge to achieve and the skills to thrive as the world around us continues to rapidly evolve”.

Read more from Sky News:
The 100-year trend that may be about to break

Additionally, the government will publish an oracy framework to help ensure more young people become confident and effective speakers, building on the success of existing reading and writing frameworks.

It is also committed to ensuring all pupils retain access to sport and the arts.

Continue Reading

UK

‘Human error’ may have led to grooming gangs investigations being dropped, review says

Published

on

By

'Human error' may have led to grooming gangs investigations being dropped, review says

A major review to unearth failures to tackle grooming gangs has found that potential human error led to some police investigations being dropped.

The review – named Operation Beaconport – is looking into cases between 1 January 2010 and 31 March this year.

Thousands of cases are expected to come under scrutiny.

So far, 1,273 files from 23 police forces have been referred to the review, led by the National Crime Agency (NCA), of which 236 are being examined as a priority because they involve allegations of rape.

NCA deputy director Nigel Leary said initial reviews suggest there were mistakes in some investigations.

He said: “Initial reviews have identified that in some cases where there has been a decision to take no further action (NFA), there were available lines of inquiry that could have been pursued.

“We’ve seen in those cases what appears to be potentially human error.”

Mr Leary said that in some cases the inquiries haven’t followed what the NCA would characterise as “proper investigative practice”.

“That includes, for example, lines of inquiry being identified but not being followed, victim accounts not being taken in a way that we would recognise as best practice, and suspects not being pursued or interviewed in the ways that we would anticipate,” he said.

Read more from Sky News:
Hull grooming gangs investigation reopened
Officers taken off Hull grooming gangs investigation

Last month, the Metropolitan Police announced officers were reviewing 9,000 cases of child sexual exploitation.

It is expected that some of these will be referred to Operation Beaconport, which is looking at cases involving two or more suspects, more than one victim, contact offences, where the suspects are still alive, and that have not already been independently reviewed.

The investigation into grooming gangs and other non-familial sexual abuse in Rotherham between 1997 and 2013, Operation Stovewood, has cost £89m over 11 years. It is not clear how much the latest investigation will cost.

However, Mr Leary said it would be the “most comprehensive investigation of its type in UK history”, with the NCA estimating thousands of officers will be involved in the overall operation.

Victims will fear that wrongs are discovered, but not righted

There is already a system in place for what are known as “non-recent” sexual abuse cases to be reviewed called Operation Hydrant.

But the NCA is looking to identify cases in the last five years, which could show that women and girls are still being failed by police forces. 

Worryingly, the NCA says it has “already identified investigations that were incorrectly closed with no further action taken” as police chiefs are ordered to hand over their files in hundreds of closed cases under powers unique to the NCA.

This often comes with mixed feelings for the survivors. When Sky News investigated a closed case called Operation Marksman into an alleged grooming gang in Hull in 2021 – the case was reopened. A review team found the initial investigation was “flawed” and a new team in Humberside was ordered to re-investigate. 

But, two years on, the young women involved told Sky News they were angry and frustrated to discover the new team had only just finished going through the original files. What is more, evidence gets old – phones and laptops get swapped and deleted, DNA evidence has long disappeared.

This will run alongside the government’s national public inquiry, which has faltered after two potential chairs pulled out due to pressure from victims on the inquiry panel. 

With police resources stretched in many directions, what may happen is wrongs are discovered but not righted.

However, encouragingly, this isn’t just a review exercise by the NCA but also an effort to learn from mistakes, improve methodology, share more data which, if done well, could build a better success rate.

Officials are recording the ethnicity of suspects and victims as part of the review, and have found gaps in the existing data that they are trying to fill.

As they examine cases, they aim to flag any dangerous suspects, and any that are at risk of fleeing the UK.

Investigators have vowed to be “honest and transparent” with victims from the start, to avoid giving them unrealistic expectations.

Richard Fewkes, from the National Police Chiefs’ Council, said while going after perpetrators is important, some victims will just want to feel they are being listened to.

He said: “Justice means different things for different victims and survivors, and no one victim and survivor is the same.

“For some, justice is just being believed, perhaps for the first time, by someone in authority – being listened to.

“Or it might even be understanding that the review has taken place, a reinvestigation has taken place in an appropriate, focused, robust way, but nothing more can be done.

“For some that is justice in their mind.”

Continue Reading

Trending