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UK judge says there’s no “reasonable grounds” for success with Bitcoin landfill hard drive case

  • Upon hearing the judge’s decision, Howells said “it’s the great British justice system striking again”
  • Howells lost his hard drive in 2013 when it was accidentally thrown away at the tip
  • He has been trying to engage with Newport City Council for 12 years to recover his hard drive, but says he’s been “largely ignored”

James Howells has lost his case to recover a lost Bitcoin hard drive from a Welsh landfill that’s now worth around $740 million.

Howells accidentally threw out his hard drive containing 8,000 Bitcoin in 2013 during a household clearout. At the time, he had two hard drives of the same size: one was blank while the other contained his Bitcoin.

He mistakenly put the one containing the Bitcoin into a black bin bag, which his then-girlfriend took to the tip. At the time of his loss, his assets – that he mined in 2009 – were worth around $1.3 million.

In October, Howells sued Newport City Council for $646 million in damages after being denied access to the landfill due to environmental concerns.

Now, Judge Keyser KC, the Circuit Commercial Judge for Wales, has dismissed Howells’ case, stating that there are no “reasonable grounds” for succeeding at a full trial, reports the BBC.

A 12-year battle

Upon hearing the decision, Howells said he was “very upset,” adding “it’s the great British justice system striking again.”

Over the past 12 years, Howells said he has been trying to engage with Newport City Council to recover his lost hard drive, but has been “largely ignored.”

A court filing states Howells hard drive is located in Cell 2, Area 2 of the Docksway landfill. Yet, despite promises to safely excavate the Newport site and to modernize the landfill, the council have rejected Howells’ requests to dig due to “environmental concerns.”

Howells’ lawyers claim that the council have “simply ignored” that 10% of Bitcoin could bring “a huge and desperately needed investment in the local community.”

The judge’s decision comes as Bitcoin soared past $100,000 for the first time at the beginning of December, pushing to an all-time high of more than $108,000.

The post UK judge says there’s no “reasonable grounds” for success with Bitcoin landfill hard drive case appeared first on CoinJournal.

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Aptos integrates Chainlink for verifiable data

  • Aptos Foundation announced that Aptos was leveraging Chainlink’s Price Feeds.
  • The integration will see Aptos developers tap into real-time price data.

Aptos has integrated Chainlink Data Feeds as it looks to bring real-time, tamper-proof data to network developers.

In an announcement on Jan. 9, the Aptos Foundation said integrating with Chainlink will see Aptos developers leverage off-chain data in real time. This will happen via Chainlink Price Feeds, a critical solution in the decentralized finance ecosystem

“We are excited that Aptos has adopted the Chainlink standard. Chainlink Data Feeds will greatly enhance the reliability of applications built on the network, and we look forward to seeing the innovative ways developers leverage it,” said Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs.

Aptos integrates Chainlink standard

The integration will bolster Aptos’s growth as a web3 platform, fostering an environment for further blockchain innovation. Developers can leverage Chainlink to access the latest oracle tools for building dApp solutions.

“The Chainlink standard enables developers to access high-quality, tamper-proof data, which is vital for building secure applications,” said Bashar Lazaar, head of grants and ecosystem at Aptos Foundation.

Features key to the Chainlink Data Feeds and which developers and blockchains tap into across the industry include high-quality data, reliable nodes, decentralized infrastructure and transparent performance.

Earlier this week, Aave announced that its V3 had deployed on the Aptos testnet. The launch marked the first non-Ethereum Virtual Machine deployment of Aave and will be used to gauge V3’s overall safety, stability and performance on the Aptos network.

This is in anticipation of a potential mainnet launch, the Aave team said.

The post Aptos integrates Chainlink for verifiable data appeared first on CoinJournal.

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Krypton DAO (KRD) price soars 513% over the week: will it hold the gains?

  • Krypton DAO (KRD) price is up 513% in a week to $2.69.
  • The token has risen by over 100% today alone.
  • There are no major developments within the Krypton DAO leaving investors worried if it will sustain the gains.

In a remarkable surge that has caught the eye of the crypto community, Krypton DAO (KRD) has witnessed an astonishing 513% price increase over the last week, currently trading at $2.69.

This spike elevates the token from a modest $0.442 to a peak of $2.99 within a week, showcasing an unprecedented level of investor enthusiasm or speculative trading. While KRD’s price remains below its all-time high of $4.04 achieved on May 31, 2023, the current surge brings it closer to that mark.

What are the chances of Krypton DAO (KRD) price rising further?

The fervour around KRD’s price action has been notable on social platforms like X, where the token’s performance has been the subject of numerous discussions. Several posts have highlighted KRD’s ascent, with some posts noting even higher short-term gains, such as today’s 100% surge.

Krypton DAO (KRD) price soars 513% over the week
Krypton DAO (KRD) chart by CoinMarketCap

 

This kind of volatility is characteristic of the cryptocurrency market, especially for tokens like KRD, which is currently ranked at position 295 by market cap, suggesting it is still in the eyes of many a speculative asset rather than a mainstream investment.

However, despite the impressive growth, the question on everyone’s mind is whether KRD can maintain these gains.

Historically, such rapid ascents can be followed by equally swift declines, as seen with many cryptocurrencies that experience similar speculative bubbles.

The market cap of KRD now stands at $280,880,823, with a fully diluted valuation hinting at a much larger potential market if all tokens were in circulation. This discrepancy between current and potential valuation can be both a beacon for growth and a warning sign for volatility.

The trading volume of $322,177 over the last 24 hours further illustrates the intense interest but also the speculative nature of such investments.

While the community buzzes with optimism, seasoned crypto analysts caution against jumping in blindly. They recommend watching for further developments in Krypton DAO’s ecosystem, like partnerships or platform upgrades, which could provide a more stable foundation for its price.

However, without such catalysts, the sustainability of this surge remains uncertain, leaving investors to ponder if KRD’s current valuation is a bubble waiting to pop or the start of a new chapter in its journey.

The post Krypton DAO (KRD) price soars 513% over the week: will it hold the gains? appeared first on CoinJournal.