KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
An Australian computer scientist, who falsely claimed to have invented bitcoin, was found in contempt of court on Thursday for filing a £911 billion (US$1.2 trillion) lawsuit in Britain against Twitter founder Jack Dorsey's payments company, Block.
Key Points:
- Craig Wright, the claimant, had long asserted he was Satoshi Nakamoto, the pseudonymous author of bitcoin's foundational 2008 white paper.
- In May 2024, London's High Court ruled that Wright had lied extensively, fabricated documents, and did not invent bitcoin.
- The case was initially brought by the Crypto Open Patent Alliance (Copa), aiming to prevent Wright from suing bitcoin developers based on his false claims.
- Copa argued that Wright's recent lawsuit against Block violated a prior injunction, which barred him from pursuing litigation based on his false assertion of intellectual property rights over bitcoin.
- Judge James Mellor ruled Wright to be in contempt of court during a Thursday hearing that Wright did not attend.
- Last month, Wright was also denied permission to appeal Mellor's ruling that he is not the inventor of bitcoin.
Comments
Post a Comment