A person from the UK who by chance misplaced his crypto pockets containing a $1 billion stash of Bitcoin (BTC) is launching a brand new bid to tokenize his lacking stash.
In a post on the social media platform X, James Howells – a person who mistakenly threw away his crypto pockets containing the BTC almost a decade in the past – says he’s not giving up regardless of being rejected quite a few occasions by the Newport Metropolis Council to launch a search to search out the cash.
“For over 12 years, I attempted all the things to interact with Newport Metropolis Council: public proposals, percentages, mediation, authorized motion, and a proper $25 million provide. $1 Billion they usually ignored all of it. No response. No logic. No management. They need me to surrender, however I’m completed asking for permission.”
Howells says he’s going to tokenize the whole lacking pockets, which incorporates 8,000 BTC, by launching a brand new blockchain known as Ceiniog Coin (INI) that’s set to launch in late 2025.
“I’m tokenizing the whole pockets – 8,000 BTC – into 800 billion Ceiniog Coin (INI) – 1:1 satoshi worth match.
- • Constructed on Bitcoin
- • Powered by OP_RETURN
- • Integrates with Stacks, Runes, Ordinals
- • Launching Late-2025
To the established and distinguished gatekeepers who blocked me for over a decade: You’ll be able to block the gates. You’ll be able to pack the courts. However you can not block the blockchain. Crypto already gained. Ceiniog is coming – and your world is collapsing.”
In keeping with earlier stories, Howells offered town council $70 million in 2021 for permission to go looking the landfill to recuperate his arduous drive, however was rejected as a consequence of environmental issues.
In February, town council introduced that the landfill was formally closing down someday in the course of the 2025-2026 fiscal 12 months.
BTC is buying and selling for $115,429 at time of writing, a 2% achieve on the day.
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