Deep Tide TechFlow News, August 5, according to The Block, British IT engineer James Howells stated that he is no longer seeking to excavate the hard drive containing 8,000 bitcoins from the Newport landfill, but clarified that he has not given up on reclaiming these bitcoins. Howells plans to tokenize the legally confirmed ownership of 8,000 bitcoins, launching a Bitcoin Layer 2 network smart token called Ceiniog Coin (INI).