Ceiniog Coin price

In the early days of Bitcoin, a young pioneer named James Howell mined thousands of coins when very few believed in their value. Years later, a costly mistake put his digital fortune out of reach. Let us uncover the story behind this lost treasure and the challenges of recovering it. Early Bitcoin Pioneer: James Howell’s Journey In early 2009, James Howell was among the first five people to run Bitcoin software and mined about 8,000 Bitcoins. He stopped mining at some point, and in 2013, he accidentally threw away the hard drive holding his Bitcoin wallet, which ended up in a Newport landfill. In the summer of 2013, during Bitcoin’s first major bull run, James noticed the value of his lost wallet soaring. He approached Newport City Council and the landfill operator to inform them that nearly $10 million worth of Bitcoin was stored on a hard drive buried at the site. Despite multiple attempts to recover it, he faced legal obstacles and was denied access by the council. Is Recovery Still Possible? Although the hard drive’s casing is likely damaged due to environmental factors, experts believe that the digital information inside could still be retrieved using advanced forensic techniques. James Howell spent over ten years trying to work with Newport City Council to recover his lost Bitcoin hard drive. Despite offering a 25% share, a formal £25M+ offer, bringing in expert recovery teams, and pursuing legal action, his efforts were repeatedly ignored or dismissed. For over 12 years, I tried everything to engage with Newport City Council: •Public Proposals •Percentages •Mediation •Legal action •AND a formal £25M+ offer $1 Billion and they ignored it all. No response. No logic. No leadership. They want me to give up, but pic.twitter.com/z9IWrurojD— James Howells (@howelzy) August 4, 2025 James has still not given up and continues to explore alternative methods to recover his lost fortune. New Hope Through Ceiniog Coin: A Bitcoin DeFi Vision He has now made a new plan to tokenize the Bitcoin wallet by creating a new cryptocurrency called Ceiniog coin. This token would mirror the exact amount of Bitcoin lost and offers a way for the community to help fund the excavation by buying tokens.  If successful, token holders could be rewarded with Bitcoin from the wallet. But I am done asking permission. So I’m tokenizing the entire wallet – 8,000 BTC – into 800B Ceiniog Coin (INI) – 1:1 satoshi value match • Built on Bitcoin • Powered by OP_RETURN • Integrates with Stacks, Runes, Ordinals • Launching Late-2025 The vault is mine, and I say: pic.twitter.com/mC3pPK3qcm— James Howells (@howelzy) August 4, 2025 James envisions the Ceiniog coin as more than just a token; it will be a Bitcoin-focused DeFi utility, bringing new use cases to the Bitcoin network by integrating with platforms like Stacks, Runes, and Ordinals, launching late 2025.  His goal is to revive Bitcoin’s original purpose as a peer-to-peer electronic cash system rather than just a store of value. Despite facing many roadblocks, James remains committed to this new approach, hoping the community will support his vision.

James Howells, a computer engineer from Newport, Wales, has finally given up on retrieving a hard drive he claims contains 8,000 Bitcoin — now worth around $890 million — after a 12-year battle with his local council. In 2013, his ex-girlfriend accidentally threw the drive into a landfill. Since then, he’s spent years trying to convince Newport City Council to let him search the site, once describing the hunt as his “9 to 5.” Earlier this year, the council announced the landfill would close in the 2025–26 financial year. Howells offered to buy the site in July, making what he called a “multi-million dollar offer,” but says the council never responded. Instead, they told him he owes nearly $149,000 in legal costs from his failed court bids. Join the discussion with CryptosRUs on Roundtable here. “We will not be spending any more of our officers’ time on this issue until that payment is made,” the council said in a statement to BBC News. Howells called this “financial coercion,” accusing the council of blocking a “lawful offer” by tying it to an unrelated debt. “If they don’t wish to sell the site, they should say so clearly,” he told the BBC. His legal fight has been long and costly. In January, Newport Council asked the High Court to strike out his claim to access the landfill or seek $630 million in compensation. The judge ruled there were no “reasonable grounds” for the case. Howells appealed, representing himself and even using AI to prepare his arguments, but the Court of Appeal rejected it. Now, he’s moving on. Instead of digging up the landfill, Howells plans to launch a new cryptocurrency called Ceiniog Coin (INI) later this year. It will be backed by the value of his lost Bitcoin wallet — which is publicly verifiable on the blockchain — and act as a “store-of-value” token.

A man from the United Kingdom who accidentally misplaced his crypto wallet containing a $1 billion stash of Bitcoin (BTC) is launching a new bid to tokenize his missing stash. In a post on the social media platform X, James Howells – a man who mistakenly threw away his crypto wallet containing the BTC nearly a decade ago – says he’s not giving up despite being rejected numerous times by the Newport City Council to launch a search to find the coins. “For over 12 years, I tried everything to engage with Newport City Council: public proposals, percentages, mediation, legal action, and a formal $25 million offer. $1 Billion and they ignored it all. No response. No logic. No leadership. They want me to give up, but I am done asking for permission.” Howells says he’s going to tokenize the entire missing wallet, which contains 8,000 BTC, by launching a new blockchain called Ceiniog Coin (INI) that is set to launch in late 2025. “I’m tokenizing the entire wallet – 8,000 BTC – into 800 billion Ceiniog Coin (INI) – 1:1 satoshi value match. • Built 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 can block the gates. You can pack the courts. But you cannot block the blockchain. Crypto already won. Ceiniog is coming – and your world is collapsing.” According to previous reports, Howells offered the city council $70 million in 2021 for permission to search the landfill to recover his hard drive, but was rejected due to environmental concerns. In February, the city council announced that the landfill was formally closing down sometime during the 2025-2026 fiscal year. BTC is trading for $115,429 at time of writing, a 2% gain on the day.Follow us on X, Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix   Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Man Who Lost Nearly $1,000,000,000 In Bitcoin in Landfill Launches Bid To Tokenize 8,000 BTC Stash appeared first on The Daily Hodl.

For over a decade, James Howells has tried everything to recover his infamous lost hard drive, the one containing 8,000 BTC, now worth over $900 million “I am done asking permission,” Howells posted on Aug.4. “So I’m tokenizing the entire wallet — 8,000 BTC — into 800 billion Ceiniog Coin (INI) – 1:1 satoshi value match.” Built on Bitcoin and using the OP_RETURN function, Ceiniog Coin will integrate with projects like Stacks, Runes, and Ordinals. According to Howells, the token is launching in late 2025 — and he’s calling it a direct challenge to the institutions that shut him out. For over 12 years, I tried everything to engage with Newport City Council: •Public Proposals •Percentages •Mediation •Legal action •AND a formal £25M+ offer $1 Billion and they ignored it all. No response. No logic. No leadership. They want me to give up, but pic.twitter.com/z9IWrurojD— James Howells (@howelzy) August 4, 2025 “To the established and distinguished gatekeepers who blocked me for over a decade: You can block the gates. You can pack the courts. But you cannot block the blockchain. Crypto already won,” he wrote. Join the discussion with Scott Melker on Roundtable here. The move comes just months after a UK judge dismissed Howells’ high-profile lawsuit against Newport Council. In the January 2025 ruling, Judge Andrew John Keyser KC said there were “no reasonable grounds” for his case and “no realistic prospect” of success. Howells had been trying to obtain permission to excavate the Newport Docksway landfill, where he believes the hard drive — mistakenly tossed out in 2013 — still sits under an estimated 100,000 tonnes of waste. “I’ve tried public proposals, percentages, mediation, legal action, and a formal £25 million offer,” he said on X. “They ignored it all. No response. No logic. No leadership.” The council has argued that excavation is not legally permitted and would risk environmental damage. But Howells isn’t giving up. If Newport Council refuses to sell, he’s floated buying the entire site with investors. He’s also appealing the court’s decision and hinted he might take the fight to the UK Supreme Court. As per Kraken's price feeds, Bitcoin is trading at $103,128.