January 27 – February 3, 2020 | MIT Spider Technology, Bitcoin Halving, and More

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

MIT Develops “Spider” Technology, Enabling More Efficient Off-Chain Crypto Transactions

CoinDesk | February 3, 2020

Researchers at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) have co-developed a “Spider” crypto routing technology which can avoid congestion on off-chain cryptocurrency payments networks. The technology utilizes “layer 2” scaling solutions like bitcoin’s lightning network.

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Weiss Ratings: Halvings “Absolutely” Help Bitcoin Price

CoinTelegraph | February 1, 2020

The rating agency Weiss Ratings has suggested that bitcoin halvings establish price floors and “absolutely” help its price. Using historical halvings as a guide, Weiss suggests that the upcoming May 2020 halving should help draw its price closer to $12,000 USD. “The only question now is how high will BTC go this time around?” said Weiss in a Tweet.

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Crypto Hedge Funds Outperformed Traditional Hedge Funds in 2019

Decrypt | February 3, 2020

According to data from EurekaHedge and Financial Times, crypto hedge funds saw returns of 16.33% in 2019, while traditional hedge funds only saw returns of 10.4%. Institutional investors could be becoming increasingly drawn to cryptocurrencies such as bitcoin as it has higher returns on a 1, 3, and 10-year basis than any other asset class.

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Bitcoin Usage Among Consumers and Merchants Increased in 2019

CoinDesk | February 3, 2020

Both BitPay and Coinbase Commerce have reported that bitcoin usage among merchants increased greatly in 2019. Another report from Chainalysis estimates that some $4 billion USD of bitcoin was sent through consumer-facing merchants in 2019. Despite increases, many consumers continue to hold their bitcoin instead of spending it for good and services.

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Canadian Government Chooses Mavennet, Peer Ledge for On-Chain Steel Tracking Platform

Construct Connect | January 28, 2020

Both Toronto-based Mavennet and Halifax-based Peer Ledger have received a contract from the Canadian government to develop a steel tracking platform which utilizes the blockchain. Both companies will receive allocations of $150,000 CAD through Innovative Solutions Canada, with increases of up to $1 million CAD over two years to continue the project.

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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.