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Oscars: 'Gravity' wins 7 while '12 Years A Slave' is the best pic

Space thriller 'Gravity' got seven awards out of 10 nominations, but lost the Best Pic award to '12 Years a Slave'. Matthew McConaughey and Cate Blanchett won the Oscar for best acting

Slave drama '12 Years a Slave' won best picture at the 86th Oscars, but hi-tech space thriller 'Gravity' got seven awards out of 10 nominations.


'Gravity', starring Sandra Bullock and George Clooney as two astronauts stranded in space, took best director Oscar for Mexico’s Alfonso Cuaron, as well as awards for cinematography, sound editing, sound mixing, visual effects, original score and film editing.


Dallas Buyers Club, based on a true story, dominated the male acting honours. Matthew McConaughey won the best acting Oscar for his role as a gritty Texan who supplies other AIDS patients with experimental drugs, while Jared Leto was named best supporting actor for his role as a transvestite AIDS patient in the movie.


Cate Blanchett won best actress for her role as a fallen socialite in the Woody Allen drama Blue Jasmine. Best supporting actress went to Lupita Nyong’o for her role as a slave woman in 12 Years a Slave. The movie also won adapted screenplay, while futuristic romance Her took the award for original screenplay.


Italian movie The Great Beauty won the Oscar for best foreign language film. The movie, directed by Paolo Sorrentino and starring Toni Servillo, is a poignant look back at the life of an ageing socialite in Rome.


The award for best animated feature went to the Disney fantasy Frozen. The film also saw a rare Oscar for a married couple as Kristen Anderson-Lopez and Robert Lopez won for their original song "Let It Go".


Hollywood’s stars had sloshed up a rain-soaked red carpet on their way in to the 86th annual Oscar ceremony, hosted by talk-show veteran Ellen DeGeneres, who handed out pizza to stars such as Meryl Streep and Kevin Spacey and then passed around a hat for tips.


Stars including Brad Pitt, Kerry Washington, Amy Adams, Bradley Cooper, Jennifer Lawrence, Leonardo DiCaprio and Matthew McConaughey braved the weather after the wettest weekend in years in Los Angeles.


12 Years a Slave had nine nominations and was favourite for best picture, but the drama faced tough competition from space thriller Gravity, and con artist caper American Hustle which ended the night empty-handed.


Full list of Oscar 2014 winners:


Here is the full list of the award winners at the 86th annual Academy Awards


Best Picture: 12 Years a Slave


Actor in a Leading Role: Matthew McConaughey (Dallas Buyers Club)


Actress in a Leading Role: Cate Blanchett (Blue Jasmine)


Supporting Actor: Jared Leto (Dallas Buyers Club)


Supporting Actress: Lupita Nyong’o (12 Years a Slave)


Animated Feature Film: Frozen


Directing: Alfonso Cuaron (Gravity)


Cinematography: Emmanuel Lubezki (Gravity)


Costume Design: Catherine Martin (The Great Gatsby)


Documentary Feature: 20 Feet from Stardom


Documentary Short: The Lady in Number 6: How Music Saved My Life


Film Editing: Alfonso Cuaron and Mark Sanger (Gravity)


Foreign Language Film: The Great Beauty (Italy)


Makeup and Hairstyling: Dallas Buyers Club


Original Score: Steven Price (Gravity)


Original Song: Let It Go (Frozen)


Production Design: The Great Gatsby


Animated Short Film: Mr Hublot Live


Action Short Film: Helium


Sound Editing: Gravity


Sound Mixing: Gravity


Visual Effects: Gravity


Adapted Screenplay: 12 Years a Slave


Original Screenplay: Her


Bitcoin fallout: Indians lose crores of rupees as Mt Gox goes kaput

Many affected Indians have used untaxed money for purchase of those bitcoins and were looking for easy returns in this so-far unregulated market. Mt Gox is estimated to have lost over Rs3,000 crore

In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians, have vanished with collapse of Japan-based Mt Gox, which was the world’s largest bitcoin exchange till now.


Having filed for bankruptcy, Mt Gox has admitted to have lost 7.5 lakh bitcoins of its customers and one lakh of its own, which together are estimated to be worth about $0.5 billion (over Rs3,000 crore).


The exchange was predominantly used by foreigners, including those operating on behalf of clients from India, while some Indians were directly trading there. In its bankruptcy filing, Mt Gox has listed 1.27 lakh creditors, bulk of which is foreigners and just about 1,000 from Japan.


The debacle can also intensify calls for stricter regulatory checks on bitcoins and other virtual currencies in India and other countries.


Most of the affected Indians refused to identify themselves, fearing probing questions from tax and other authorities in India as they had mostly used untaxed money for purchase of those bitcoins and were looking for easy returns in this so-far unregulated market.


However, many bitcoin operators and traders confirmed that majority of bitcoins held by Indians were being traded on Mt Gox and the value of those lost there could be at least Rs10-Rs20 crore.


There are over 35,000 bitcoins (worth over Rs100 crore) held by Indians across the country, while many non-resident Indians (NRIs) are also dealing in this popular virtual currency, which currently trades at $550 apiece but isn’t backed by any financial authority or real asset.


India, which is home to 200 million Internet users, has of late seen a tremendous rise in bitcoin enthusiasts lured by return potential, anonymous nature of transactions and pure novelty, among others.


At present, it costs about Rs37,000 including charges and fees to buy just one bitcoin from Indian operators, many of whom have been doing business cautiously after the Reserve Bank of India (RBI) issued an advisory warnin people about the potential risks associated with such virtual currencies.


The bitcoin used to cost close to Rs1 lakh a piece just a few weeks back, but price has tumbled for various reasons including for problems at Mt Gox.


After three weeks of speculation about the fate of the Tokyo-based exchange, which had suspended withdrawals early last month, the bitcoin fraternity was stunned after Mt Gox claimed hackers stole a total of 8.50 lakh coins.


Cyber criminals have been sporadically stealing bitcoins and its other siblings worldwide but this could be the biggest heist till date.


“There could be quite a few in India whose bitcoins have got stuck at Mt Gox. We at least know three Indians who have got affected,” said Sathvik Vishwanath, a founding member of Bitcoin Alliance India.


“The Mt Gox shutdown that happened did affect a lot of people. A few Indians we know have their BTC stuck there,” said Sylvester, who is part of a well-known group that organises Bitcoin meetups in Delhi.


While the Mt Gox debacle has hit the fledgling bitcoin community hard, the incident has also exposed the weak security of bitcoins, which exist as small software, against sophisticated hacking attacks. However, some believe blaming the entire incident on unknown hackers could be a way to hide severe accounting or process deficiencies in this case.


The virtual currency’s industry group, the Bitcoin Foundation, has sought to assure Bitcoin users that their funds won’t disappear due to theft or mismanagement. On last count, there were 140 virtual currencies having a combined value of $9.3 billion.


Side by side, the US and Japanese prosecutors have started investigations into events leading to the eventual shutdown of Mt Gox. The European Banking Authority is working to set up a task force soon to review options for regulating Bitcoin and such virtual currency derivatives.


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