Top Crypto News for the Week of Aug 27th

We’re at the end of summer and the ‘ber’ months are looming. School for the kiddos is coming up so what’s new this week on the crypto space? Here’s a look at the top crypto news curated by yours truly.

1. Crypto regulation is becoming a trend. It brings cryptocurrencies to mainstream acceptance and it’s something that’s gonna happen sooner or later. This week, Toronto based crypto exchange, Coinberry, becomes the “first pure-play” crypto trading platform to achieve regulatory registration in Canada. Yep, “first pure-play” is apt as WealthSimple Crypto got the same approval around a year ago.

Coinberry now fully registered across all provinces and territories.

2. Here’s an interesting read about a Vancouver-based bitcoin miner setting up an operation using a dormant natural gas well in Alberta. It seems like they operated without permission and unfortunately for them, the location is close by an affluent neighborhood that didn’t like the noise.

Bitcoin miner in Alberta being forced to shutdown

3. Ok Tim Hortons, We have another unicorn! Victoria, BC based Blockstream has recently raised $266M CAD funding getting a valuation for the company at $4 Billion. CAD. Way to go. That’s a lot of coins.

Canadian bitcoin miner Blockstream becomes Canada’s newest unicorn

4. In another cryptocurrency exchange news, US based Coinbase is getting a lot of customer ‘hate’ for their “terrible customer service” according to their customers.

Coinbase bad. Customer service no good.

5. Yet again another cyber attack on a Crypto Exchange. Who, where, what? Check it below.

6. US-based Kraken Crypto Exchange is trying to break into Europe.

Crypto Prices

As of this writing (Friday – Aug 27, 2021 – 11 PM PST), cryptocurrencies are generally up. Screenshot from Coinbase.

Crypto Good Read of the Week

1. Are you thinking of holding crypto in your RRSP? Here’s a good read from tax expert, David Rotfleisch.

2. Is crypto safe? Can I invest in crypto? Have a already missed the boat. These are very good questions. Hear thoughts from Katie Brockman on her Motley Fool article.

Should you invest in crypto?

Until next week. Ciao!

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