Bitcoin inventor’s identity could be exposed at trial in Florida

The first Bitcoin upgrade in four years also went live over the weekend. Also: Gorillas is again causing unrest among his workforce and Elon Musk is selling more shares.

The mystery of the largest cryptocurrency could be solved.
Dan Kitwood/Getty Images

Good Morning! Even during the weekend, work in the digital scene continued in many places.

The top topics:

The identity of the Bitcoin-Inventor Satoshi Nakamoto could finally be exposed in a trial in Florida. The lawsuit is about a share of a fortune of around 64 billion US dollars. The brother of Dave Kleiman, who died in 2013, makes a claim to this. Kleiman is said to have worked on the early development of Bitcoin. So far, the computer scientist Craig Wright has named himself the inventor of Bitcoin, but the Australian’s claim has not yet been really proven. The trial in Florida could now shed light on this. Some prominent cryptocurrency entrepreneurs and investors consider Wright a fraud and believe that Satoshi’s “anonymity” is what makes Bitcoin so genius. However, Wright has always stood by his claim and even sued critics for calling him a fraud.

The first Bitcoin upgrade in four years also went live over the weekend. The so-called taproot update means more privacy and efficiency in transactions. It will also unlock the potential for “smart contracts” that can be used to exclude middlemen from transactions. [Mehr bei CNBC und Wall Street Journal]

on Start-up scene: In his torque column, our author Don Dahlmann warns that the next Attack on traditional automakers is imminent. But this time it is not startups, but financially strong tech giants that are in the starting blocks. [Mehr bei Gründerszene]

And here are the other headlines of the night and the past few days:

Gorillas plans another step that could cause unrest among his workforce. According to a media report, the ten-minute delivery service is outsourcing the Berlin delivery warehouse to independent franchisees. The action follows a series of employee strikes. [Mehr bei Handelsblatt]

TeslaCEO Elon Musk has sold another block of shares. This time worth almost 690 million US dollars, as it became known in the US on Friday. In the days before, he had already sold 4.5 million shares to pay off his tax debts. In total, Musk made nearly six billion dollars in cash with it. Due to the sale that Musk started after a vote on Twitter, the shares have at times lost almost 20 percent in value. The Tesla share has experienced the worst week in 20 months. On Sunday Elon Musk also messed with Democrat Bernie Sanders on Twitter, who is demanding higher taxes for the rich. “I keep forgetting that you’re still alive,” he wrote, offering to sell more shares. [Mehr bei The Guardian, Wall Street Journal, CNBC und Handelsblatt]

Rivian has to put up with critical words from Tesla boss Elon Musk after his successful IPO. Musk said high production and break-even cash flow will be the real test for rival electric car maker Rivian. “There have been hundreds of automotive startups, both electric and internal combustion, but Tesla is the only American automaker to have high volume production and positive cash flow in the past 100 years,” Musk wrote in one Tweet Late last week. [Mehr bei CNBC]

Oxygen, a startup providing digital banking services to freelancers and small businesses, is in talks to launch a new $ 500 million round of funding. The company, headquartered in San Francisco, is thus heading for a market that traditional banks have barely served to date. [Mehr bei Techcrunch]

Theranos-Founder Elizabeth Holmes is currently on trial for fraud. During the trial, ex-employees of the blood testing company, which has now been liquidated, spoke about a culture of fear and isolation. Even high-ranking employees were sometimes not informed about important decisions and processes, it said. [Mehr bei Wall Street Journal]

Our reading tip on the start-up scene: We were thrilled and surprised by many young companies this year. In the Gründerszene Awards 2021 you should choose the winners. You can vote here until November 22nd, 21st. [Mehr bei Gründerszene]

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Have a good start to the week!

Your Gründerszene editorial team

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