August 4 – August 10, 2021 | North iQ Newsletter

North iQ Weekly Newsletter is curated to provide insights on digital asset industry developments, market announcements, and performance analysis.

August 4 - August 10, 2021 | North iQ Newsletter Podcast: Best practices for Canadian cryptoasset tax reporting

August 9, 2021 – Laura Gheorghiu, Gowling WLG partner and member of the firm’s Tax and Blockchain & Smart Contracts Groups, and Roger Brown, global head of Tax & Regulatory Affairs at Lukka discuss cryptocurrencies and tax.

Read the report here.


August 4 - August 10, 2021 | North iQ Newsletter Tether Reveals More Details About Its Reserves

August 9, 2021 – Tether Holdings Ltd., issuer of the largest stablecoin USDT, has provided in a new attestation report more details than ever before on the composition of its $62.8 billion of reserves.

Read the report here.


August 4 - August 10, 2021 | North iQ Newsletter ‘Up to 1 million’ bitcoin miners could be relocated to Alberta from China

August 10, 2021 – Three natural gas-producing sites in southern Alberta could host “up to one million” bitcoin mining machines relocated from China under a deal proposed by Nevada-based Black Rock Petroleum Company.

Read the report here.


August 4 - August 10, 2021 | North iQ Newsletter US Senate Sends Infrastructure Bill to House

August 10, 2021 – The bill contains a broad definition of “broker” for crypto tax reporting requirements that lawmakers and industry advocates sought to change over the past week.

Read the report here.


August 4 - August 10, 2021 | North iQ Newsletter Ethereum Burn Rate Could Destroy $5 Billion Per Year

August 10, 2021 – Ethereum’s highly anticipated London hard fork was deployed last week on Aug 5. It introduced a new fee-burning mechanism as part of a restructure of the gas auction system for transaction payments.

Read the report here.


August 4 - August 10, 2021 | North iQ Newsletter Kevin O’Leary of ‘Shark Tank’ espouses deflationary future for Ethereum

August 10, 2021 – “It introduced a very important change to the monetary policy of Ethereum,” said O’Leary. “Currently, the fees that users pay to send transactions go to the miner, but after this improvement, the fees will be burned.

Read the report here.

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Disclaimer

This Weekly Cryptoasset Newsletter is for informational purposes only and does not constitute, either explicitly or implicitly, any provision of services or products by 3iQ Corp (“3iQ”). Investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise stated therein. No part of the content may be reproduced in any form, or referred to in any other publication, without the express written permission of 3iQ. All statements made regarding companies, securities or other financial information contained in the content or articles relating to 3iQ are strictly beliefs and points of view held by 3iQ and are not endorsements of any company or security or recommendations to buy or sell any security. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. By visiting and/or otherwise using the 3iQ website in any way, you indicate that you understand and accept the terms of use as set forth on the website and agree to be bound by them. If you do not agree to the terms of use of the website, please do no access the website or any pages thereof. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right on purchasers. Past performance of cryptoassets is not indicative of future performance and should not be used to forecast any return that an investor may realize.

Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.