A statement from the Ministry of Energy says cryptocurrency miners consume large amounts of electricity to constantly run high-powered computers, while creating very few jobs or economic opportunities.
Despite being roundly mocked for his embrace of cryptocurrencies like Bitcoin when it crashed in spectacular fashion in 2022, Poilievre has been conspicuously silent in the face of an equally spectacular rally that briefly pushed its price to a record high.
A cryptocurrency firm has lost a bid to force BC Hydro to provide the vast amounts of power needed for its operations, upholding the provincial government's right to pause power connections for new crypto miners.
Police in Richmond, B.C., say multiple charges have been laid against a 34-year-old man allegedly involved in a September 2022 home invasion where thieves made off with $10 million in cryptocurrency.
Most conversations on Maxed Out lead Max closer — although sometimes only millimetres — to his guest’s viewpoints. This discussion may have done the opposite.
The British Columbia government is temporarily suspending requests for electricity connections from cryptocurrency mining operations, saying the decision is aimed at preserving the power supply while supporting climate action and economic goals.
Pierre Poilievre went toe-to-toe with Prime Minister Justin Trudeau for the first time in his new role as leader of the Conservative Party during a question period Thursday rife with jabs about cryptocurrency, jet fuel, the carbon price and “tax increases.”
Pierre Poilievre homed in on inflation, housing and tax increases during his first question period as leader of the official Opposition. He also fielded several retorts about his past comment that Canadians can “opt-out of inflation” with cryptocurrency.
Canada needs responsible leadership, not dog-whistle and irresponsible politics, Prime Minister Justin Trudeau said on Monday, September 12, 2022, in a direct attack on new Conservative Leader Pierre Poilievre.