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- UK Court Rejects James Howells £600M Landfill Bitcoin Recovery Attempt
UK Court Rejects James Howells £600M Landfill Bitcoin Recovery Attempt
News on the Blockchain
January 10, 2025
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News on the Blockchain, January 10th, 2025
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 779
Market Cap: $3.31T (+1.27%)
24h Volume: $150.93B (-6.54%)
Bitcoin Dominance: 56.7% (+0.32%)
Ethereum Dominance: 12.0%
ETH Gas Price: 5.09 Gwei
Fear & Greed Index: 43/100 (Neutral)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $94,664.82 | +1.69% | $1.88T | $60.31B |
Ethereum (ETH) | $3,293.23 | -0.57% | $396.75B | $28.29B |
Tether (USDT) | $1.00 | +0.05% | $137.46B | $119.99B |
BNB (BNB) | $696.81 | +0.08% | $100.34B | $1.87B |
Solana (SOL) | $191.74 | +0.29% | $92.75B | $3.74B |
💹 Market Highlights:
Total DeFi Volume: $10.17B (6.74% of total 24h volume)
Stablecoins Volume: $138.47B (91.75% of total 24h volume)
Coin with Highest % Change: MOC (+46.05%)
🚀 Trending on DexScan:
FAT/SOL: $0.068244 (+9999%+)
$MOONKEY/SOL: $0.0001907 (+548%)
TRIX/SOL: $0.00003081 (+671%)
Squirtcoin/SOL: $0.0003777 (+237%)
Alice/SOL: $0.0001138 (+91.59%)
📈 Preview On Today’s News:
- UK Court Rejects James Howells £600M Landfill Bitcoin Recovery Attempt
- Standard Chartered Expands into EU Crypto Custody Services
- Circle Pledges $1 Million in USDC to Trump’s Inaugural Fund
Keep reading below for more!
Today’s News:
1)
UK Court Rejects James Howells £600M Landfill Bitcoin Recovery Attempt
James Howells, a British IT worker and early Bitcoin adopter, has been denied access by a UK High Court to excavate a landfill in South Wales in search of a hard drive he believes contains £600 million ($739 million) worth of Bitcoin. The court ruled against his bid to sue Newport City Council, citing ownership and environmental regulations, effectively ending his long-standing effort to reclaim the lost digital fortune. Despite his persistence and offers to share the recovered assets, Howells faces insurmountable legal and logistical challenges, highlighting the significant risks associated with cryptocurrency storage and loss.
Court Decision: The UK High Court dismissed Howells' lawsuit against Newport City Council, preventing him from accessing the landfill where his valuable Bitcoin hard drive is believed to be buried.
Legal and Environmental Barriers: The council asserted ownership of the landfill and cited environmental laws prohibiting excavation, leaving Howells unable to recover his estimated £600 million Bitcoin fortune.
2)
Standard Chartered Expands into EU Crypto Custody Services
Standard Chartered is set to offer Bitcoin and cryptocurrency custody services in the European Union by establishing a new entity in Luxembourg. This $870 billion asset manager is leveraging the growing demand for digital security, following its recent expansion in the UAE. The move comes amid heightened institutional interest driven by Bitcoin's surge to six-figure prices and anticipates favorable regulatory developments under the pro-crypto US administration.
New EU Presence: Standard Chartered launches a Luxembourg-based entity to provide Bitcoin and crypto custody services, meeting increasing demand for digital asset security.
Strategic Expansion: This initiative follows the bank’s UAE expansion and aligns with rising institutional interest fueled by Bitcoin’s significant price growth and supportive regulatory outlook.
3)
Circle Pledges $1 Million in USDC to Trump’s Inaugural Fund
Circle has donated $1 million in its USDC stablecoin to Donald Trump’s inaugural fund as the January 20, 2025 inauguration approaches, demonstrating significant support from the crypto sector. CEO Jeremy Allaire announced the donation on X (formerly Twitter), emphasizing the importance of accepting stablecoin contributions. This donation contributes to the president-elect’s total of over $170 million in donations, primarily from tech executives, highlighting the industry’s optimism about having the first pro-crypto president. The funds raised are intended for the inauguration event, with any surplus allocated to Trump’s future presidential library, potentially influencing the cryptocurrency market positively.
Circle contributes $1 million in USDC to Trump’s inaugural fund, announced by CEO Jeremy Allaire on X.
Trump’s committee has raised over $170 million, mainly from tech executives, reflecting strong crypto sector support for the incoming pro-crypto president.
Disclaimer:
The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.
