News & Reviews:   bitcoin

Malaysia has reported losses totalling RM4.57 billion from illegal electricity use connected to bitcoin mining between 2020 and August 2025, according to Deputy Prime Minister and Energy Transition Minister Datuk Seri Fadillah Yusof. Tenaga Nasional Berhad (TNB) uncovered 13827 premises engaged in electricity theft for cryptocurrency mining over the past five years, highlighting both economic and safety concerns.

Today, the value of one Bitcoin has risen back to around $94,000 and is higher than $75,000 earlier this month. According to Coinshares, all this may soon be meaningless as the cost of mining one bitcoin is no longer profitable. So, what should you know about it?

Halogen Capital, the first licensed digital asset fund manager in Malaysia, has partnered with Affin Bank Berhad to distribute the Halogen Shariah Defensive Bitcoin Fund. This innovative fund is designed specifically for high-net-worth and institutional investors looking to invest in Bitcoin with a capital protection strategy.

Who is the creator of Bitcoin cryptocurrency? According to the Internet, it's Satoshi Nakamoto. However, the Satoshi Nakamoto who published the Bitcoin white paper in 2008 is a pseudonym of an individual whose identity remains a mystery. However, according to the director of the documentary Money Electric: The Bitcoin Mystery on HBO, the real identity of Satoshi Nakamoto is Peter Todd a software developer from Canada.

This week's TechNave Business Bytes news for Week 2 of March 2024 highlights advancements in technology and sustainability across various industries in Malaysia.

Today, several Tune Talk users received a weird notification from the app itself. If you don't use Tune Talk, the message is notifying users that they have won double bitcoins which would raise some red flags. This has led to many users to tag the company as a possible hack in the official app.

The Royal Malaysia Police (PDRM) yesterday revealed that a total of 627 individuals and RM69.8 worth of itemas have been seized since 2020 in cases related to illegal bitcoin mining in our country. Furthermore, the cases involved electricity theft for the cryptocurrency mining activities.

Inspector-General of Police (IGP) Tan Sri Acryl Sani Abdullah Sani in a statement yesterday said that the arrests were made possible thanks to cooperation between Tenaga Nasional Berhad (TNB) and the Criminal Investigation Department (JSJ). In fact, PDRM even received 9 Mitsubishi Tritons from TNB to be used for combating electricity theft in Malaysia.

With the rising cases of electricity theft due to illegal bitcoin mining in Malaysia, the Tenaga Nasional Bhd (TNB) just submitted a proposal to the Energy Commission. The proposal? Set a special tariff for bitcoin miners.

We have talked about this before but in case you haven't, bitcoin miners have been siphoning lots of electricity. Even though a couple of bitcoin mining operations have been busted over the few years, the government reported that there has been an estimated loss of electricity for more than RM2.3 billion.

Of all the activities during the pandemic, not only did more people are spending more time with their hobbies but Bitcoin mining is increasing as well. In case you missed it, there was news about a police raid seizing over a thousand (1069, to be exact) mining rigs in Miri, Sarawak.