- Reuters
Self-proclaimed bitcoin inventor lied 'repeatedly' to support claim, says UK judge
An Australian computer scientist who claimed he invented bitcoin lied "extensively and repeatedly" and forged documents "on a grand scale" to support his false claim, a judge at London's High Court ruled on Monday. Craig Wright had long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym "Satoshi Nakamoto". But Judge James Mellor ruled in March that the evidence Wright was not Satoshi was "overwhelming", after a trial in a case brought by the Crypto Open Patent Alliance (COPA) to stop Wright suing bitcoin developers.
- Yahoo Finance
Wall Street's biggest bear flips, raises S&P 500 price target by 20%
Morgan Stanley chief investment officer Mike Wilson believes an improving growth outlook and an earnings rebound will drive the S&P 500 higher over the next year.
- The Telegraph
Bank of England on course for summer rate cut, suggests deputy governor
The Bank of England is on course to cut interest rates this summer if inflation falls as expected, its deputy governor has said.
