A person from the UK who unintentionally 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 practically 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 seek out the cash.
“For over 12 years, I attempted every thing to have interaction with Newport Metropolis Council: public proposals, percentages, mediation, authorized motion, and a proper $25 million provide. $1 Billion and so they ignored all of it. No response. No logic. No management. They need me to surrender, however I’m finished asking for permission.”
Howells says he’s going to tokenize the complete lacking pockets, which incorporates 8,000 BTC, by launching a brand new blockchain referred to as Ceiniog Coin (INI) that’s set to launch in late 2025.
“I’m tokenizing the complete 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 possibly can block the gates. You possibly can pack the courts. However you can’t block the blockchain. Crypto already gained. Ceiniog is coming – and your world is collapsing.”
In response to earlier stories, Howells offered the town council $70 million in 2021 for permission to look the landfill to get better his arduous drive, however was rejected as a consequence of environmental issues.
In February, the town council introduced that the landfill was formally closing down someday in the course of the 2025-2026 fiscal yr.
BTC is buying and selling for $115,429 at time of writing, a 2% acquire on the day.
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