Microsoft Invests $2.2B for Cloud, AI Expansion in Malaysia
Microsoft has declared a four-year, $2.2 billion investment in Malaysia towards the expansion of its artificial intelligence (AI) and cloud services. As per a blog post, the investment represents the most substantial in the 32-year tenure of Microsoft in Malaysia. The investment encompasses the construction of cloud and AI infrastructure, providing AI-skilling opportunities for 200,000 […]
Authorities Seize 34 Illegal Crypto Miners Using Stolen Electricity
Authorities in Miri on the island of Borneo have shut down and seized the equipment of an illicit cryptocurrency mining operation stealing power from the local grid. According to the Borneo Post, Sarawak Energy discovered 34 cryptocurrency mining servers operating with stolen electricity through cable tapping. Authorities seized all of the operation’s equipment, including servers […]
Huobi Global to Seize Operations in Malaysia
Malaysia’s Securities regulator has ordered Huobi Global to stop all activities in the region following the latter’s refusal to register before operating there. According to a statement released by the Securities Commission Malaysia (SCM) on May 22, Huobi could not register as a cryptocurrency exchange operator and must cease operations. Additionally, the company has been […]
Malaysian Police destroy 1,773 Bitcoin ASIC miners
According to a report in the local newspaper Sinar Harian, Malaysian police have destroyed 1,773 Bitcoin ASIC miners associated with illegal mining. Aside from mining devices, the authorities disposed of laptops, modems, desktop switches and routers, and surveillance cameras. The items were seized as a consequence of 38 searches in the Kota Setar District . […]
Binance banned in Malaysia for illegal operations
Malaysia becomes the next country to regulate the activities of Binance. This comes after several nations have also regulated and even banned the crypto exchange, these regulations don’t seem to be ending anytime soon. The Securities Commission of Malaysia (SC) has ordered Binance to face enforcement action for illegally running a Digital Asset Exchange (DAX) […]