A 64-year-old physicist, identified by Newsweek magazine as Bitcoin’s creator, was chased by reporters through Los Angeles and denied any role in the digital currency, saying he first heard of it three weeks ago.
The Bitcoin world reacted with a mixture of acceptance and resignation to a Newsweek magazine report that the creator of the digital currency is a 64-year-old Japanese-American man living in the Los Angeles area.
Asian stocks advanced, with the regional benchmark gauge ending at a six-week high, as telecommunications companies led gains. Japanese shares rose after the yen weakened and an advisory committee said the world’s largest pension fund doesn’t need a domestic-bond focus.
Yoox Group, an operator of e- commerce stores for clothing brands from Armani to Zegna, rose to an eight-week high after forecasting revenue and profit gains following fourth-quarter earnings that beat estimates.
President Xi Jinping’s campaign against corruption is growing into one of the broadest in China’s modern history, snaring dozens of businessmen and government officials and positioning Xi as the country’s most powerful leader in decades.
China will ban gift-giving, lavish welcoming ceremonies and luxurious meals at the annual National People’s Congress policy-setting meetings this year amid President Xi Jinping’s widening campaign against corruption.