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UK man ready to buy city dump, with $750 Million in BTC lost in it
James Howells, who 12 years ago threw away a hard drive containing 7,500 bitcoins, is considering buying a city dump after the municipality refused to help him find it
Briton James Howells, who threw away a hard drive containing 7,500 $BTC in 2013, is considering buying the entire city dump to search for the device, The Guardian reports. Previously, the Newport city administration refused to help him, and the court sided with the officials, but Howells has not given up hope of finding his savings, whose value has grown to nearly $750 million over the years.
According to the Briton, the disk was thrown away by mistake 12 years ago and the man has been trying to get it back ever since. Howells has repeatedly asked local authorities to help him recover the hard drive, but has been turned down several times. He made various plans that included sorting through trash and sharing the bitcoins if found. The city administration explained their refusals by saying that excavation was impossible for legal, economic and environmental reasons.
The Briton began legal proceedings with the authorities, but the court eventually dismissed the lawsuit, in which Howells asked for access to the dump or compensation of £495 million (about $613 million). The judge said at the time that there was no “reasonable basis” for the claim.$BTC $ETH #UKCrypto #BNBChainMeme
James Howells, who 12 years ago threw away a hard drive containing 7,500 bitcoins, is considering buying a city dump after the municipality refused to help him find it
Briton James Howells, who threw away a hard drive containing 7,500 $BTC in 2013, is considering buying the entire city dump to search for the device, The Guardian reports. Previously, the Newport city administration refused to help him, and the court sided with the officials, but Howells has not given up hope of finding his savings, whose value has grown to nearly $750 million over the years.
According to the Briton, the disk was thrown away by mistake 12 years ago and the man has been trying to get it back ever since. Howells has repeatedly asked local authorities to help him recover the hard drive, but has been turned down several times. He made various plans that included sorting through trash and sharing the bitcoins if found. The city administration explained their refusals by saying that excavation was impossible for legal, economic and environmental reasons.
The Briton began legal proceedings with the authorities, but the court eventually dismissed the lawsuit, in which Howells asked for access to the dump or compensation of £495 million (about $613 million). The judge said at the time that there was no “reasonable basis” for the claim.$BTC $ETH #UKCrypto #BNBChainMeme
Breaking News in Crypto!
GSR, a global crypto trading giant, has achieved a groundbreaking milestone, becoming the first crypto liquidity provider to gain regulatory approval from both the UK's FCA and Singapore's MAS.
What does this mean?
GSR can now offer OTC and programmatic execution trading services in the UK.CEO Xin Song hails this as a "significant milestone" for fostering a transparent and inclusive crypto ecosystem.With 120+ employees in the UK, GSR aims to actively collaborate with policymakers on shaping the future of crypto regulations.
Is this a turning point for the industry? Could regulatory clarity boost crypto adoption globally? 💭
Drop your thoughts below! 💬
#CryptoNews #GSR #RegulatoryMilestone #UKCrypto #SingaporeCrypto
What does this mean?
GSR can now offer OTC and programmatic execution trading services in the UK.CEO Xin Song hails this as a "significant milestone" for fostering a transparent and inclusive crypto ecosystem.With 120+ employees in the UK, GSR aims to actively collaborate with policymakers on shaping the future of crypto regulations.
Is this a turning point for the industry? Could regulatory clarity boost crypto adoption globally? 💭
Drop your thoughts below! 💬
#CryptoNews #GSR #RegulatoryMilestone #UKCrypto #SingaporeCrypto
UK rate cuts on the horizon—markets brace for impact!
🇬🇧 UK Economic Data Signals Possible Rate Cuts 📉
The Bank of England may be on track to ease monetary policy as inflation slows, economic growth remains weak, and the labor market cools. Analyst Chris Beauchamp suggests that February’s forecasts could support rate cuts, with traders watching closely for any downward revisions.
🔹 Expected: 25bps cut with gradual reductions in 2025
🔹 Possible: Faster rate cuts signaled
🔹 High-impact: A surprise 50bps cut, sparking market volatility
📊 How will this impact the markets? Stay informed with Binance!
#Binance #BTC #UKCrypto #interestrates #TrendingTopic
🇬🇧 UK Economic Data Signals Possible Rate Cuts 📉
The Bank of England may be on track to ease monetary policy as inflation slows, economic growth remains weak, and the labor market cools. Analyst Chris Beauchamp suggests that February’s forecasts could support rate cuts, with traders watching closely for any downward revisions.
🔹 Expected: 25bps cut with gradual reductions in 2025
🔹 Possible: Faster rate cuts signaled
🔹 High-impact: A surprise 50bps cut, sparking market volatility
📊 How will this impact the markets? Stay informed with Binance!
#Binance #BTC #UKCrypto #interestrates #TrendingTopic
🚨 BREAKING NEWS! 🚨
@Coinbase has officially landed a spot on the UK Financial Conduct Authority (FCA) Register! 🎉 This milestone grants Coinbase the green light to offer its crypto services in the UK for the first time ever. 🇬🇧💼
This move not only strengthens Coinbase's global presence 🌍 but also marks a significant step forward for crypto adoption in the UK. 🚀 With the FCA's stamp of approval, users can now access secure and regulated crypto services with confidence. 🔒💡
A huge win for the crypto community! 🎊 Let’s embrace this new era of innovation and financial freedom. 💸✨ ~ Inspired by CoinDesk 📰
#CryptoNews #Coinbase #FCA #UKCrypto #BlockchainRevolution 🌐🔗
$BTC
$ETH
$XRP
@Coinbase has officially landed a spot on the UK Financial Conduct Authority (FCA) Register! 🎉 This milestone grants Coinbase the green light to offer its crypto services in the UK for the first time ever. 🇬🇧💼
This move not only strengthens Coinbase's global presence 🌍 but also marks a significant step forward for crypto adoption in the UK. 🚀 With the FCA's stamp of approval, users can now access secure and regulated crypto services with confidence. 🔒💡
A huge win for the crypto community! 🎊 Let’s embrace this new era of innovation and financial freedom. 💸✨ ~ Inspired by CoinDesk 📰
#CryptoNews #Coinbase #FCA #UKCrypto #BlockchainRevolution 🌐🔗
$BTC
$ETH
$XRP
UK Crypto Regulation Lag: A Call for Clarity
The cryptocurrency market in the UK is at a crossroads. While the digital asset space continues to expand rapidly, there remains a significant gap in the regulatory framework. Cryptocurrency industry leaders have been vocal about the need for the UK to catch up in terms of providing clear and effective regulations for crypto markets.
The Financial Conduct Authority (FCA) has been consulting on how to best regulate cryptocurrencies, but there are concerns that the pace of regulation is too slow. Experts like Konstantinos Adamos of Revolut and Dina White of Zodia Markets have highlighted the importance of collaboration between financial institutions and regulators to create a fair environment for crypto businesses.
The delay in regulatory clarity is causing confusion and uncertainty among crypto firms operating in the UK. Many companies have been forced to navigate a patchwork of unclear rules, and this has led to hesitation in making major investments. This lack of clarity also hampers the UK's ability to attract international crypto businesses, especially as countries like Switzerland and Singapore have already established well-defined frameworks for digital asset regulation.
Moreover, the growing involvement of institutional investors in the crypto market emphasizes the need for stronger regulations. These investors require the stability and transparency that clear rules provide, especially when dealing with large sums of money. As cryptocurrencies become a more integral part of the global financial system, it’s essential for the UK to establish a robust regulatory framework that fosters innovation while protecting consumers.
As the UK works toward clearer regulations, investors and companies alike must stay vigilant and adaptable. The future of crypto in the UK depends on striking the right balance between innovation and regulation.
#CryptoRegulation #FCA #UKCrypto #Blockchain #Write2Earn
The cryptocurrency market in the UK is at a crossroads. While the digital asset space continues to expand rapidly, there remains a significant gap in the regulatory framework. Cryptocurrency industry leaders have been vocal about the need for the UK to catch up in terms of providing clear and effective regulations for crypto markets.
The Financial Conduct Authority (FCA) has been consulting on how to best regulate cryptocurrencies, but there are concerns that the pace of regulation is too slow. Experts like Konstantinos Adamos of Revolut and Dina White of Zodia Markets have highlighted the importance of collaboration between financial institutions and regulators to create a fair environment for crypto businesses.
The delay in regulatory clarity is causing confusion and uncertainty among crypto firms operating in the UK. Many companies have been forced to navigate a patchwork of unclear rules, and this has led to hesitation in making major investments. This lack of clarity also hampers the UK's ability to attract international crypto businesses, especially as countries like Switzerland and Singapore have already established well-defined frameworks for digital asset regulation.
Moreover, the growing involvement of institutional investors in the crypto market emphasizes the need for stronger regulations. These investors require the stability and transparency that clear rules provide, especially when dealing with large sums of money. As cryptocurrencies become a more integral part of the global financial system, it’s essential for the UK to establish a robust regulatory framework that fosters innovation while protecting consumers.
As the UK works toward clearer regulations, investors and companies alike must stay vigilant and adaptable. The future of crypto in the UK depends on striking the right balance between innovation and regulation.
#CryptoRegulation #FCA #UKCrypto #Blockchain #Write2Earn