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Perjury Charges Could Face Man Who Falsely Claimed to Invent Bitcoin
LONDON (AP) — An Australian computer scientist found to have falsely claimed to be the mysterious creator of the bitcoin cryptocurrency will be referred to British prosecutors for “wholescale perjury and forgery of documents,” a London judge said Tuesday. Judge James Mellor, who ruled after a civil trial in March that Craig Wright was not the man behind “Satoshi Nakamoto,” the pseudonym that has masked the creator of bitcoin's identity, said he will refer evidence from the case to the Crown Prosecution Service to consider whether to bring charges. “In advancing his false claim to be Satoshi through multiple legal actions, Dr....
Powell says Fed is More Confident Inflation is Slowing
WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We've had three better readings, and if you average them, that's a pretty good pace," Powell said of inflation in a question-and-answer question at the Economic Club of Washington. Those figures, he said, “do add to confidence” that inflation is slowing sustainably. Powell declined to provide any hints of when the first rate cut would occur. But most economists and...
Trump Media Shares Surge After Assassination Attempt
Trump Media surged in the first day of trading following an assassination attempt on former President Donald Trump. Also on Monday, a federal judge presiding over Trump's classified documents trial in Florida dismissed the case because of her concerns over the appointment of the special prosecutor who brought the case. Shares in the owner of social networking site Truth Social soared more than 35% in early trading. The U.S. Secret Service is investigating how a gunman armed with an AR-style rifle was able to get on a nearby roof and shoot and injure the former president at a rally Saturday in Pennsylvania. The gunman,...
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