News & Reviews:   bitcoin

Recently, BERNAMA reported Bitcoin owners made huge profits, but at the same time, the country lost up to RM700 million due to electricity theft by crypto miners. That said, what should you know about it?

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.

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.

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.

Global cryptocurrency platform Luno has today revealed that Malaysia is one of its strongest markets. In a statement by Luno Malaysia country manager Aaron Tang, 12 percent of the platform's new customers in the past 6 months are based in our country.

That amounted to approximately 120,000 new customers from Malaysia in just half a year. Globally, Luno now has over 10 million customers across 40 countries, securing one million new customers worldwide in the past six months for a a 35 percent year-on-year growth.

It looks like Malaysia won’t be recognising cryptocurrency as legal tender anytime soon as despite the urging to do so by the Ministry of Communications and Multimedia (K-KOMM). Previously, K-KOMM deputy minister called crypto ‘the future of finance’ and urged for the relevant authorities to held discussions in order to legalise it.

However, the proposal was unceremoniously turned down by the Ministry of Finance (MOF) confirmed that the federal government has no intention of recognising crypto as legal tender. This was asserted by the ministry’s first deputy minister, Shahar Abdullah in the Dewan Rakyat yesterday.

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.