Crypto Mining Surge Sparks Electricity Crisis in Malaysia, TNB Reports 300% Rise in Power Theft

Crypto Mining Surge Sparks Electricity Crisis in Malaysia, TNB Reports 300% Rise in Power Theft

Power Theft Soars as Illegal Mining Spreads Malaysia’s largest energy provider, Tenaga Nasional Berhad (TNB), has reported a staggering 300% increase in electricity theft linked to illegal cryptocurrency mining operations since 2018. The company revealed that the number of theft cases surged from 610 in 2018 to 2,397 by 2024, with offenders siphoning off subsidized electricity using…

Asia Ascends: Five Nations Fueling Global Crypto Innovation

Asia Ascends: Five Nations Fueling Global Crypto Innovation

South Korea, Vietnam, Malaysia, Thailand, and Hong Kong are at the forefront of Asia’s surge, spearheading the adoption, governance, and innovation that are transforming global finance. Unlike many parts of the world, Asia is quickly solidifying a primary position in the cryptocurrency and decentralized finance ecosystem. At the forefront of this change are South Korea,…