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The police have seized nine Bitcoin mining rigs, nine blower fans and a D-link router in an uninhabited house.

Share link:In this post: Bank of England’s Huw Pill urges caution on rate cuts due to persistent inflation and weak economic growth, despite inflation edging lower to 2.5% in December. The BoE revises 2025 growth forecast to 0.75% and maintains a “gradual and cautious” approach to rate cuts, addressing long-term supply-side economic challenges. UK economy sees slight growth in Q4 2024, driven by services and production sectors, but business investment drops, with government spending fueling public sector a

Share link:In this post: A blast from a house in Loring Cakera Purnama led to the discovery of an illegal Bitcoin mining setup. Tampering with electricity supply lines is an offense under Malaysian Law under Section 37 of the Electricity Supply Act. In January, Thai authorities unveiled a similar operation in Chonburi that had illegally tapped into the region’s power lines.

Share link:In this post: Ray Dalio says the U.S. debt crisis is out of control and warns that if the government doesn’t slash the deficit, the economy could collapse. The U.S. national debt is now $36.22 trillion, with high interest payments making the economy more fragile and inflation worse. Dalio warns of a “debt death spiral,” where the government borrows just to pay off existing debt, pushing the economy to the brink.