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Back in 2011, a British man named Lee Beaumont from Leeds got so fed up with endless telemarketing calls especially about PPI claims and solar panel installations, sometimes 20–30 a day that he decided to turn the tables in a clever way. Instead of just blocking them, he spent about £10 (roughly $15) to set up a premium-rate 0871 phone number (similar to a U.S. 900 number). Callers were charged 10 pence per minute, and he earned 7 pence of that through revenue sharing. He started giving this number out as his contact whenever he dealt with banks, gas/electricity providers, or any online forms that might lead to sales calls while keeping his regular number just for friends and family. Whenever a telemarketer rang, he’d happily stay on the line, asking endless questions and pretending to be interested, all to rack up their bill. Over about two years, he pocketed around £300 (about $465 at the time) in profit. The calls eventually dropped off sharply (from 20–30 per month down to just 13 in one reported month) because he had literally become unprofitable for the telemarketers. The premium-rate regulator warned against copying the idea, saying numbers weren’t meant for this purpose and could lead to fines, but Beaumont was upfront with callers about the charges when asked. (And yes, the original story mentions he later used some of that cash to buy Bitcoin in 2012 talk about turning annoyance into long-term gains!) #bitcoin $BTC $XMR
COINBASE MAY PULL SUPPORT FROM CLARITY ACT OVER #stablecoin REWARDS
According to Bloomberg, Coinbase could withdraw its support if the bill restricts stablecoin rewards beyond basic disclosure requirements.
Stablecoin rewards are a major revenue driver for Coinbase, which also holds a stake in Circle, the issuer of $USDC .
The bill is scheduled for Senate markup this week. The Senate Banking Committee has targeted January 15, 2026, for a committee vote on the landmark crypto market structure bill (H.R. 3633), which aims to:
- Clarify SEC vs. CFTC oversight - Establish clear rules for crypto firms - Set standards for DeFi and stablecoins