Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
Daily Bitcoin payments have sunk to a yearly low, illustrating the period of illiquidity characteristic of the holiday season.
Confirmed Bitcoin (BTC) payments sank to 623,434 on Dec. 26, marking the lowest point of the year, according to data from blockchain.com
Confirmed Bitcoin payments per day. 1–year chart. Source: Blockchain.com
James Howells has expressed his frustration with Newport City Council for refusing to allow him to retrieve a Bitcoin hard drive from a local landfill, pushing him to take legal action.
James Howells, the British man who famously lost his Bitcoin-filled hard drive in a Newport landfill over a decade ago, has filed legal action against Newport City Council after years of unsuccessful attempts to retrieve the device.
On Oct. 12, WalesOnline reported that Howells is seeking damages or permission to excavate the landfill to recover the hard drive, which holds 8,000 Bitcoin (BTC), now valued at over $647 million.
The legal action, which has garnered international attention, comes after years of repeated refusals by the Newport City Council to allow Howells to search for his hard drive.
Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator. The reports add the transfer had been sanctioned by the Financial Sector Conduct Authority (FSCA), the country’s financial industry regulator. Confirmation of the Transfer According […]