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9 months ago
A man who threw away $750 million worth of bitcoin with the trash has accepted for the first time it is ‘game over’ – after a judge threw out his bid to dig it up.
James Howells has described his lost legal bid to recover the fortune as ‘gut-wrenching’ and said he will spend the rest of his life.
The 39-year-old had launched court action against a council that refused to let him excavate computer equipment needed to unlock his 8,000 bitcoins — currently worth around $750 million.
The costly error a decade ago saw his then-partner throw away a black trash bag containing the drive he needed to gain access to his stash.
It has since lain in a rubbish site run by Newport Council in Wales and he has spent years fighting for the right to retrieve it.
Last week a judge at Cardiff High Court threw out his legal bid.
He said: “I am honestly so disappointed — I thought at the very least I deserved to have my full say in court with a full trial with all details put onto the centre stage
James Howells has described his lost legal bid to recover the fortune as ‘gut-wrenching’ and said he will spend the rest of his life.
The 39-year-old had launched court action against a council that refused to let him excavate computer equipment needed to unlock his 8,000 bitcoins — currently worth around $750 million.
The costly error a decade ago saw his then-partner throw away a black trash bag containing the drive he needed to gain access to his stash.
It has since lain in a rubbish site run by Newport Council in Wales and he has spent years fighting for the right to retrieve it.
Last week a judge at Cardiff High Court threw out his legal bid.
He said: “I am honestly so disappointed — I thought at the very least I deserved to have my full say in court with a full trial with all details put onto the centre stage
9 months ago
A man trying to recover a hard drive containing $750 million of bitcoin from a landfill just had his latest bid rejected.
James Howells discarded a hard drive containing 8,000 bitcoins in 2013.
He has been fighting for access to a local landfill to search for it for a decade.
This week, a judge struck down his latest attempt to search for the bitcoin, worth over $750 million.
A British man's yearslong attempts to find a hard drive containing around $750 million of bitcoin in a landfill site have been hit with a fresh setback.
James Howells, 39, launched a legal bid to force Newport City Council in southern Wales to let him search the local dump where he believes the fortune is located. This week, a judge rejected that bid.
Howells says that in 2013, he accidentally discarded a laptop hard drive containing 8,000 bitcoins in a garbage bag, which ended up at the landfill site. He says he mistook the hard drive for another identical drive he owned, which was blank.
James Howells discarded a hard drive containing 8,000 bitcoins in 2013.
He has been fighting for access to a local landfill to search for it for a decade.
This week, a judge struck down his latest attempt to search for the bitcoin, worth over $750 million.
A British man's yearslong attempts to find a hard drive containing around $750 million of bitcoin in a landfill site have been hit with a fresh setback.
James Howells, 39, launched a legal bid to force Newport City Council in southern Wales to let him search the local dump where he believes the fortune is located. This week, a judge rejected that bid.
Howells says that in 2013, he accidentally discarded a laptop hard drive containing 8,000 bitcoins in a garbage bag, which ended up at the landfill site. He says he mistook the hard drive for another identical drive he owned, which was blank.
10 months ago
China's foreign exchange regulator released new rules that require banks to flag risky trades, including those involving cryptocurrencies, which would make it more difficult for mainland investors to buy and sell bitcoin and other digital assets.
Banks are expected to monitor and report "risky foreign exchange trading behaviours", including underground banks, cross-border gambling and illegal cross-border financial activities involving cryptocurrencies, according to last week's announcement by the State Administration of Foreign Exchange.
The rules, applicable to local banks across mainland China, also require them to track such activities based on the identity of the institutions and individuals involved, source of funds and trading frequency, among other factors.
In addition, banks are required to put in place risk-control measures that cover those entities and restrict provision of certain services to them, the regulator said.
Banks are expected to monitor and report "risky foreign exchange trading behaviours", including underground banks, cross-border gambling and illegal cross-border financial activities involving cryptocurrencies, according to last week's announcement by the State Administration of Foreign Exchange.
The rules, applicable to local banks across mainland China, also require them to track such activities based on the identity of the institutions and individuals involved, source of funds and trading frequency, among other factors.
In addition, banks are required to put in place risk-control measures that cover those entities and restrict provision of certain services to them, the regulator said.
10 months ago
Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.
Sanctions have complicated Russia's trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators.
This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin. Russia is one of the global leaders in bitcoin mining.
"As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions)," Siluanov told Russia 24 television channel.
"Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year," he said.
Sanctions have complicated Russia's trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators.
This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin. Russia is one of the global leaders in bitcoin mining.
"As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions)," Siluanov told Russia 24 television channel.
"Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year," he said.
10 months ago
American juduciary system encourages crime of any type even you can use your company/bitcoin system steal people money their judiciary system will let you go free but in China you not going free.
To kill someones father, husband and brother just because he has a chronic back pain will walk free. Evils owns country.
Luigi Mangione, the 26-year-old who has been arrested and charged in connection with the killing of the CEO of United Healthcare, Brian Thompson, appears to suffer from a back condition called spondylolisthesis, which can cause severe pain, his social media accounts suggest. Mangione had reportedly lived with chronic pain before undergoing back surgery in 2023, Business Insider reported. An image on his X banner appears to show an X-ray of his back after surgery, and several neurosurgeons and spine specialists agree that it looks like the operation was done to correct a condition known as spondylolisthesis.
To kill someones father, husband and brother just because he has a chronic back pain will walk free. Evils owns country.
Luigi Mangione, the 26-year-old who has been arrested and charged in connection with the killing of the CEO of United Healthcare, Brian Thompson, appears to suffer from a back condition called spondylolisthesis, which can cause severe pain, his social media accounts suggest. Mangione had reportedly lived with chronic pain before undergoing back surgery in 2023, Business Insider reported. An image on his X banner appears to show an X-ray of his back after surgery, and several neurosurgeons and spine specialists agree that it looks like the operation was done to correct a condition known as spondylolisthesis.
12 months ago
Former SodaStream CEO Daniel Birnbaum is offering a $100,000 reward to anyone who returns a hostage detained in the Gaza Strip. In a video with Arabic subtitles widely circulated this week on social media, Birnbaum addressed residents of Gaza directly. He noted that Israeli Prime Minister Benjamin Netanyahu promised free passage and immunity to anyone who delivers an Israeli prisoner to Israel.
"I would like to add to that a financial reward," he said. "Anyone who delivers from Gaza a living Israeli prisoner will receive $100,000."
He added that payment is possible in cash or by Bitcoin "as you prefer.” Birnbaum told AFP he had received scores of mostly bogus inquiries. But he said several could be "legitimate" and have been redirected to Israeli authorities.
"I'm not expecting to get everyone back, (but) I'd be delighted if we got back just one hostage," Birnbaum said.
"I would like to add to that a financial reward," he said. "Anyone who delivers from Gaza a living Israeli prisoner will receive $100,000."
He added that payment is possible in cash or by Bitcoin "as you prefer.” Birnbaum told AFP he had received scores of mostly bogus inquiries. But he said several could be "legitimate" and have been redirected to Israeli authorities.
"I'm not expecting to get everyone back, (but) I'd be delighted if we got back just one hostage," Birnbaum said.
