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What would you do for $765 million?
Pick & Scroll News
January 23, 2025
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Good morning. What would you do for $765 million?
If your answer was almost anything, then you would likely be on board with sifting through a dump site looking for a hard drive.
James Howells has been hoping to recover a laptop hard drive that he says contains the private key for cryptocurrency which he mined in 2009. That Bitcoin is now worth $765 million.
He started his court case in 2013 when Bitcoin was $1,000 making it worth $7.5 million. $757.5 million in gains and 11 years later, the court has ruled he is not allowed to excavate the landfill.
We are assuming James Howell doesn't get much sleep at night.
All the headlines and more below...
AUSTRALIAN NEWS
Cryptocurrencies behind triple-digit returns for investment funds in 2024
Australian cryptocurrency funds achieved triple-digit returns in 2024. LINK
NSW rail unions resolved their industrial dispute as the state government withdrew its Fair Work Commission case. LINK
IPO activity in Australia has hit a 20-year low. LINK
EPA Tasmania is managing an environmental crisis after 5,000 litres of oil leaked into Lake Rosebery, affecting 30 kilometres of shoreline. LINK
Boardy Boardman, an AI networking agent, has gained popularity on LinkedIn for Australian-accented professional introductions. LINK
GLOBAL NEWS
Trump announces $500 billion 'Stargate' AI venture headed by Oracle, OpenAI, SoftBank
COMPANY NEWS
Market fight brews over Guzman y Gomez shares
Guzman y Gomez has launched a $2B IPO as escrowed investors prepare to sell their stakes. LINK
Netflix has added 18.9M subscribers in the holiday quarter while raising prices for content investment. LINK
Qantas revised its loyalty program with increased points requirements, additional reward seats and enhanced earning opportunities. LINK
CBA reclaims Australia's most valuable brand status after achieving a $10B annual profit in 2024. LINK
ANZ's retail bank faces multiple ASIC investigations into savings interest miscalculations whilst engaging McKinsey for reforms. LINK
Citigroup must face a lawsuit over customer fraud protection after a judge rejected its dismissal request. LINK
EZZ Life Sciences has targeted 300M Chinese viewers through its Australian Open sponsorship. LINK
BlackRock has resolved its dispute with Saba Capital through a $1.6B share buyback agreement across two funds. LINK
MG launches its Cyberster electric convertible sports car for $115,000 whilst targeting luxury performance buyers. LINK
ONE MORE SCROLL
Editor’s Pick: Naps can help improve your cognition. Here’s how to take a better nap.
Draft Pick: World number one Jannik Sinner wins the Australian Open quarter-final against Alex de Minaur.
Odd Pick: Japan’s elderly are lonely and struggling. Some women choose to go to jail instead.
TOGETHER WITH
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TRIVIA
Manhole history
Short and sweet today. Why are manhole covers round?
We will allow you to save this in your 'fun fact' bucket for your next team offsite intro if you didn't know this already.
Answer below
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ANSWER
Manhole covers are round so that they never fall into the hole they are covering and they are easier to relocate by rolling.
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