KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
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.
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