Hi there. Today we're covering the ongoing mystery surrounding Bitcoin's founder and explaining why Taylor Swift's latest album was such a big deal.
Shall we?
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1. A deceased man's family is claiming he helped create Bitcoin. The identity of Bitcoin's founder, an anonymous figure known as Satoshi Nakamoto, has long been a mystery. Now, a family in Florida is claiming their dead relative helped create the popular digital currency.
- The family of David Kleiman says that he, along with business partner Craig Wright, created Bitcoin in 2008 under the pseudonym Satoshi Nakamoto.
- Kleiman's family is suing Wright for half of Nakamoto's Bitcoin cache, valued at over $64 billion.
- Wright for years has claimed he created Bitcoin, and even though the token's creator could prove their identity by moving even a fraction of the cache of about 1.1 million bitcoins, he's failed to provide any evidence.
- Now, it's up to a jury to decide. Ten jurors were tasked with hearing the evidence and determining the fate of the 1.1 million bitcoins. We have a breakdown of the trial and the pseudonymous Nakamoto.
In other news:
2. The UN has a proposal for how Elon Musk's billions could help fight world hunger. Musk said if the UN could show how the money would be spent, he would sell Tesla stock and donate the proceeds — and they just got back to him with a $6.6 billion plan for averting famine. See their plan here.
3. Ghost-kitchen startup Reef had locations shuttered in at least six cities by health authorities. The SoftBank-backed startup, which bills itself as the largest operator of delivery restaurants in the US, has been told to close for violating city and public health codes. Insiders describe how Reef plays fast and loose with city regulations.
4. A man paralyzed in a collision with an Amazon van is suing the company. Per Bloomberg, the lawsuit says Amazon's monitoring tech "forced drivers to rush to the point it was unsafe," but Amazon has consistently argued it isn't liable for delivery crashes. We explain why.
5. Startups are pursuing a $390 billion investment opportunity: caring for the elderly. Melinda French Gates' investment firm, Pivotal Ventures, sees care for the elderly as a social need — so it's sponsored an annual longevity accelerator with Techstars and just announced its second cohort. These 10 age-tech startups were chosen for the accelerator.
6. Elon Musk is close to selling his last remaining house. According to a Zillow listing, Musk has accepted an initial offer for the estate, a sprawling 47-acre property outside of San Francisco. Take a look at the house — which was initially listed for $37.5 million — here.
7. A crypto group plans to raise billions, buy their own NBA team, and then collectively run it. 1,200 members strong, the Krause House is a crypto organization trying to raise money through tokens to buy an NBA team. Here's how the seemingly far-fetched idea would work.
8. Lucid Motors' first car is MotorTrend's Car of the Year. The award, given to Lucid's $169,000 electric sedan, marks the first time MotorTrend has given the title to a carmaker's inaugural product. Check out the Lucid Air here.
9. Meta just got hit with its first major lawsuit since a whistleblower leaked thousands of internal documents. Ohio's Attorney General is suing Meta (formerly Facebook), alleging it violated federal securities laws by failing to disclose its harm to young users. Here's what we know so far.
10. Taylor Swift's rerecorded "Red" album broke two Spotify records in one day. The rerecorded album, "Red (Taylor's Version)," is the latest move in Swift's battle over the rights to her earlier music, and its success highlights the industry's shifting power dynamics. Here's why that's such a big deal.
What we're watching today:
- Lots of retailers — Walmart, Home Depot, and others — are expected to report their earnings. Keep up with earnings here.
- Sono Group, a German solar electric vehicle manufacturer, is expected to announce its final IPO pricing today.
- The Washington Post is hosting a discussion on "Unicorn Hunters" with Apple co-founder Steve Wozniak. More details on that here.
Curated by Jordan Parker Erb in New York. (Feedback or tips? Email [email protected] or tweet @jordanparkererb.) Edited by Michael Cogley in London.