Welsh city refuses man’s £7.4 million offer to dig for lost Bitcoin

“Welsh IT worker James Howells says he accidentally threw away a hard drive full of Bitcoin which he believes is now worth more than $100 million (around £74 million). He’s been fighting Newport city council ever since for a permit to look for the computer, which contains over 7,500 units of the cryptocurrency and is buried below thousands of tonnes of rubbish on a landfill site.  A spokesperson for the council said James has been told ‘on several occasions’ he will not be given a permit despite his offer of a 10% cut.”

Read more: http://www.walesonline.co.uk/news/wales-news/man-offering-welsh-council-74-13993161

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