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It is “inevitable that things will go wrong” when prisoners are freed early to try to alleviate prison overcrowding, the Chief Inspector of Probation has said.

About 5,500 prisoners in England and Wales are expected to be released earlier than planned in September and October as part of the temporary scheme.

It does not apply to those convicted of sex offences, domestic abuse, terrorism or some violent offences.

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Those released early will serve the rest of their sentence under the “strictest licensing conditions” and will be tagged, the government has said.

But Martin Jones, who became Chief Inspector of Probation in March, said there are “no risk-free options available”.

He said the eight weeks the government has given the probation service to plan for the scheme has given it “at least a fighting chance of getting this right”.

However, he warned the number of offenders being released means some could reoffend when they should have been in jail.

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Starmer blames Tories over prisons

He told The Times: “I think it’s inevitable, being realistic about it, that things will go wrong. I wish we could live in a perfect world where that doesn’t happen.

“What I think you should start to see, at least, is that if people have to focus on those, that they start to identify where things go wrong, and they draw lessons from that quite quickly.

“I also think there’s a little bit of a numbers game to some extent, you’re rolling the dice all the time in relation to serious further offences.

“You know, ultimately, if you release thousands of people, a number of those cases will ultimately, sadly, there will be things that will go wrong.”

A Ministry of Justice spokesman said: “The new government inherited a justice system in crisis and has been forced into taking difficult but necessary action to ensure we can keep locking up dangerous criminals and protect the public.

“Anyone released into Home Detention Curfew is risk-assessed, faces the strictest licensing conditions and must be tagged.”

Sky News reported earlier in the week there are only 100 spaces left in male prisons across England and Wales.

It is the closest the system has come to running out of places.

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Shortly after becoming prime minister earlier this summer, Sir Keir Starmer approved plans for some prisoners to be let out after serving 40% of their sentence – rather than the usual 50% – which will come into force on 10 September.

In the wake of the nationwide riots after the Southport stabbings, the Ministry of Justice also activated Operation Early Dawn, allowing defendants waiting for a court appearance to be held in police cells for longer until space is available.

But last weekend’s events, including Notting Hill Carnival, have pushed capacity even closer to the maximum.

HMP Fosse Way, the new Category C prison in Leicester, when it was opened in June 2023. Pic: PA
Image:
HMP Fosse Way in Leicester was opened in June 2023. Pic: PA

Sir Keir said on Wednesday, during a visit to Berlin, more prisons will be built to manage overcrowding once the government gets its “hands on the planning laws”.

He said the lack of new prisons is one of the reasons for the current capacity crisis.

The prime minister, a former director of public prosecutions, previously said the decision to release prisoners early “goes against the grain of everything I’ve ever done”.

Labour has repeatedly accused the Conservatives of neglecting the justice system during their time in office, saying prisons were at risk of overflowing.

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Labour suspends MP Dan Norris after arrest

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Labour suspends MP Dan Norris after arrest

The Labour Party has suspended its MP Dan Norris after “being informed of his arrest”.

A Labour Party spokesperson said: “Dan Norris MP was immediately suspended by the Labour Party upon being informed of his arrest.

“We cannot comment further while the police investigation is ongoing.”

Mr Norris defeated Jacob Rees-Mogg to win the new seat of North East Somerset and Hanham in last year’s general election.

He has also lost the party whip in the House of Commons.

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Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

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Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.

The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.

While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.

According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Source: Web.archive.org

Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.

The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph

Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.

Related: Bitcoin at 16: From experiment to trillion-dollar asset

Nakamoto’s legacy: a “cornerstone of economic sovereignty”

At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.

“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding: 

“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”

However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.

Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension

Is Satoshi Nakamoto wealthier than Bill Gates?

In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.

Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Satoshi’s new addresses. Source: Conor Grogan

If accurate, this would make Nakamoto the world’s 16th richest person.

Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.

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Wall Street’s one-day loss tops the entire crypto market cap

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Wall Street’s one-day loss tops the entire crypto market cap

Wall Street’s one-day loss tops the entire crypto market cap

The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.

On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.

Nasdaq 100 is now “in a bear market”

Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.

The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.

“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”

Nasdaq, United States, Stocks

Source: Anthony Scaramucci

On April 2, Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.

Trump said the reciprocal tariffs will be roughly half the rate US trading partners impose on American goods.

Related: Bitcoin bulls defend $80K support as ‘World War 3 of trade wars’ crushes US stocks

Meanwhile, the crypto industry has pointed out that while the stock market continues to decline, Bitcoin (BTC) remains stronger than most expected.

Crypto trader Plan Markus pointed out in an April 4 X post that while the entire stock market “is tanking,” Bitcoin is holding.

Nasdaq, United States, Stocks

Source: Jeff Dorman

Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.

Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”

Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.

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