November 11 – November 17, 2021 | North iQ Newsletter

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

November 11 – November 17, 2021 | North iQ Newsletter Marathon to Raise $500 Million in Debt to Buy Bitcoin and Mining Machines

November 15, 2021 – Marathon Digital, one of the largest Bitcoin mining firms in the U.S., has said it wants to leverage the debt market to buy bitcoin and mining hardware. It also comes just a month after Marathon said it obtained a $100 million revolving line of credit from Silvergate Bank secured by its BTC and USD.

Read the report here.

November 11 – November 17, 2021 | North iQ Newsletter What Taproot Could Mean for Bitcoin Investors

November 15, 2021 – Taproot is designed to improve Bitcoin’s security, privacy and efficiency. It lays the groundwork and foundation for potentially interesting use cases down the road that developers can build on – both from a protocol-wide level and a company-by-company level.

Read the report here.

November 11 – November 17, 2021 | North iQ Newsletter Senators Seek to Amend Bitcoin Reporting Changes in Infrastructure Bill

November 15, 2021 – A bipartisan team of U.S. senators is introducing a bill to restrict tax reporting rules present in the infrastructure bill, which is set to become law. “The new bill includes a provision that would make it retroactive to the infrastructure bill’s signing,” Bloomberg reported.

Read the report here.

November 11 – November 17, 2021 | North iQ Newsletter Ethereum Layer 2 Developer StarkWare raises $50 million, now valued at $2 Billion

November 16, 2021 – StarkWare is one of a few blockchain startups that have built Ethereum scaling products using rollups technology. ​​​​StarkWare is set to launch StarkNet later this month, co-founder and CEO Uri Kolodny told The Block.

Read the report here.

November 11 – November 17, 2021 | North iQ Newsletter China Warns State-Owned Enterprises to Cease involvement in Bitcoin Mining

November 16, 2021 – China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses.​​​​​

Read the report here.

November 11 – November 17, 2021 | North iQ Newsletter Bitcoin Price Drops nearly 10% in 24 hours, Dips Below $60,000

November 16, 2021 – It fell below $59,000 but has since rebounded slightly. The drop seems to be triggered by the infrastructure bill signed by U.S. President Joe Biden yesterday, Darius Sit, co-founder of crypto trading firm QCP Capital told The Block.

Read the report here.

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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


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.