James Howells, a computer engineer from Newport, lost £620m worth of Bitcoin and now plans to purchase the venue where he believes it was buried. Howells argued that his hard drive, which contained 8,000 bitcoins, was accidentally thrown out by his ex-girlfriend in 2013. He recently attempted to sue the Newport council that oversees the landfill site for access or £495m in compensation. However, his claim was dismissed by a judge.
Newport council, which is responsible for the Docks Way landfill, declared that it would close the dump in the 2025 – 2026 financial year and install a solar farm on the property to power its newly purchased dustbin lorries.
If Mr. Howells’ assertion is accurate, then the compact area of 100,000 tonnes is staying on the tip. There’s over 1.4 million tonnes of waste in the area. “I would be potentially interested in purchasing the landfill site,” he said. He also intends to appeal Judge Keyser’s judgment throwing out his prosecution, but Keyser said there were no grounds for the claim and “no realistic prospect” of prevailing at a trial.
Bitcoin is a unique type of money that is fully virtual, and there are no physical coins or notes. Cryptocurrency, virtual currency, or digital currency are frequently used to describe it. You can use Bitcoin to buy goods and services, but there are a limited number of shops that accept it. In countries such as China, trading or mining Bitcoin is prohibited or limited
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