bitcoin

Conservative MP Michelle Rempel Garner says she hopes her bill to help grow the cryptocurrency sector will get Canadian legislators talking about it in a non-polarized way.

From data centre warehouses to cryptocurrency, technology is another energy hog.

Bitcoin and similar cryptocurrencies offer a window into how a form of money is created and how it acquires value.

Emiliano Grodzki moves his right hand across the front of a series of small, rectangular machines, each fitted with a fan blowing warm air inside a former metal factory in Quebec's Eastern Townships.

Less than three months after one of Canada's biggest cryptocurrency exchanges was shut down amid a swirl of controversy, a bid to restructure Vancouver-based QuadrigaCX has failed and the virtual company has officially entered bankruptcy proceedings.

The court-appointed monitor overseeing the search for the $260 million owed to clients of the faltering QuadrigaCX cryptocurrency exchange says it recently found more than $900,000 in digital assets — only to see more than half of those crypto-coins escape its grasp.

On Sept. 10, municipal employees in a region between Montreal and Quebec City arrived at work to discover a threatening message on their computers notifying them they were locked out of all their files.

Criminals are using the darker corners of the internet, hard-to-track digital currency and creative shipping techniques to sell illicit guns to Canadians, the RCMP warns.

Anyone casually surfing the internet at home can be deployed as an unwittingly productive member of a hacker's workforce, a practice known as "cryptojacking" that is on the rise.

The Senate report says blockchain technology has many promising applications, and recommends that the federal government consider using it to enhance the protection of private information.