What Happened in Bitcoin- November - 3iQ Digital Asset Management

November 2021

What Happened in Bitcoin

What Happened This Month

Key Events This Month

November, 2021 | Bank of Canada

Bitcoin Adoption and Beliefs in Canada

A new working paper from the Bank of Canada provided an analysis to better understand how
three factors influence people’s decisions about Bitcoin adoption: network effects, individual
learning and social learning.

November 14, 2021 | The Block

Bitcoin's long-anticipated Taproot upgrade is activated

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.

November 15, 2021 | The Bitcoin Magazine

Senators Seek to Amend Bitcoin Reporting Changes in Infrastructure Bill

A bipartisan team of U.S. senators introduced a bill to restrict tax reporting rules present in the
infrastructure bill, which is set to become law.

November 17, 2021 | Nasdaq.com

Fidelity Approved To Become Canada’s First Institutional Bitcoin Custodian

The move paves the way for more Canadian institutions to invest in bitcoin, including pension
funds, portfolio managers, mutual funds, and ETFs.

November 22, 2021 | Reuters

El Salvador plans first 'Bitcoin City', backed by bitcoin bonds

El Salvador plans to build the world’s first “Bitcoin City”, funded initially by bitcoin-backed bonds,
President Nayib Bukele said, doubling down on his bet to harness the crypto currency to fuel
investment in the Central American country.

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