Bitcoin News
By James Thorp
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A Decade-Long Bitcoin Search. Howells first made headlines in 2013 when he mistakenly discarded an old hard drive that contained…
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Media Reports of Giving Up Spark Clarification. Earlier this week, rumors spread online suggesting that Howells had finally given up on his quest.
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Tokenizing Ownership Through Blockchain. Instead of digging for the hard drive, Howells is now focused on tokenizing his legal claim to the…
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Ceiniog Coin (INI): Backed by Lost Bitcoin. Ceiniog Coin, named after the Welsh word for “penny,” is envisioned as the foundation of a…
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A New Chapter in a Long Saga. James Howells’ story has captured the attention of the crypto world for more than a decade — a…
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James Howells, the British man who accidentally threw away a hard drive containing 8,000 bitcoin (BTC) in 2013, is now taking a new approach in his quest to reclaim the lost…
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Howells first made headlines in 2013 when he mistakenly discarded an old hard drive that contained the private keys to 8,000 BTC he mined in the early days of Bitcoin.
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For more than a decade, Howells has been engaged in a public and legal battle with the Newport City Council, repeatedly requesting permission to search the landfill.
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“No, I have not ‘given up,’” he told The Block via direct message. “I have simply pivoted.”
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Howells clarified that he is no longer pursuing the excavation or purchase of the landfill, having submitted a final offer between $33 million and $40 million to the council in…
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“The Council may own the hard drive, but they do not own the digital contents of that hard drive,” Howells said.
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To represent this ownership on-chain, Howells is preparing to start a Bitcoin Layer 2 smart token called Ceiniog Coin (INI).
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Ceiniog Coin, named after the Welsh word for “penny,” is envisioned as the foundation of a high-speed, scalable Web3 payment ecosystem, secured by the Bitcoin blockchain and…
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According to Howells, the token will act as both a symbol of ownership and a utility token within the future Ceiniog ecosystem.
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"The intention is to bootstrap the Ceiniog ecosystem and start a successful high-speed, high-scale, fast-confirmation, payment-focused Web3 environment," Howells said.
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