Transcript:
CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Investors are upbeat after June retail sales came in unchanged, versus the 0.3 percent drop expected by economists. Earnings season is also inspiring some confidence in the market. Bank of America beat second-quarter sales and profit forecasts. Earnings at Morgan Stanley jumped more than 40 percent, also topping estimates.
In other news: The man who claims to be the inventor of bitcoin is in legal trouble – for well – claiming to be the man who invented bitcoin. The British High Court has agreed to push forward a case that accuses Australia’s Craig Wright for committing perjury tied to his claims he created the digital currency.
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The Court has ruled that in Wright’s attempts to prove that he is indeed Satoshi Nakamoto, the online moniker for the person who created bitcoin, Wright has “extensively and repeatedly” lied and engaged in “wholesale perjury and forgery of documents.”
The matter has now been sent to the Crown Prosecution Service in the U.K., which could issue a warrant for his arrest on perjury charges and request an extradition.
The true identity of bitcoin founder Satoshi Nakamoto has remained a mystery ever since the bitcoin blueprint for a decentralized, open-source network hit the web in 2008.
That’ll do it for your Daily Briefing. From the New York Stock Exchange, I”m Conway Gittens with TheStreet.
Related: Veteran fund manager offers striking assessment of bitcoin
