Articles for tag: Bitcoin, court ruling, Cryptocurrency, Environmental Concerns, James Howells, lost fortune, Newport landfill

Market News

Bitcoin Holder Claims ‘Game Over’ Without Trump’s Intervention After Losing $750 Million in Digital Currency Disposal

James Howells, who mistakenly threw away $750 million worth of Bitcoin, has come to terms with the reality of his situation after a judge dismissed his request to excavate a landfill for his lost hard drive. Describing the ruling as “gut-wrenching,” the 39-year-old acknowledged it’s likely “game over” for his hopes of recovering the fortune. ...

Market News

Court Overturns US Sanctions on Tornado Cash: What It Means for Cryptocurrency Regulation and Privacy

A U.S. appeals court has decided that the U.S. Treasury Department overstepped its authority when it sanctioned the cryptocurrency mixer Tornado Cash in 2022. Tornado Cash was accused of helping launder over $7 billion for cybercriminals, including those linked to North Korea. The ruling favored six users of Tornado Cash, supported by the exchange Coinbase, ...

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