KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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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