April 2 – 8, 2018 | OSC, TD & More Crypto News

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

Digital Currency Regulation a ‘Key Focus’ for OSC in 2018-2019

April 3, 2018 – In a recent publication, the Ontario Securities Commission (OSC) released its 2018-2019 Draft Statement of Priorities. The report identifies digital currencies as a “key focus” for the year ahead. According to Maureen Jenson, Chair and CEO of the OSC, the commission will “advance measures to better protect investors, and initiate projects to lighten the regulatory load for businesses.”

“The OSC will continue to foster new ways to raise capital and invest, while focusing on potential investor protection issues arising from cryptocurrency and blockchain-related developments,” the OSC stated. “Additionally, the OSC will pursue initiatives to address regulatory burden for public companies and investment funds.”

With the OSC now looking to foster innovation in the Cryptoasset space and protect investors from bad actors, other regulatory bodies may follow suit.

Read the full article here.

Canada’s Hyperblock to Buy Crypto-mining Firm for $106 million CAD

April 4, 2018 – Toronto-based firm HyperBlock has announced the acquisition of crypto mining company CryptoGlobal in a $106 million CAD deal. The merger is set to take place in May 2018, and will give Hyperblock absolute control over CryptoGlobal’s operations and assets, including thousands of mining rigs across Canada. Some market participants say the deal is one of the largest acquisitions to have occurred in the cryptoasset space.

Commenting on the deal, Hyperblock‘s CEO Sean Walsh said “Combining HyperBlock’s large-scale mining-as-a-service model with CryptoGlobal’s existing mining, custodial storage, and crypto trading businesses creates a strong foundation for both organic growth and growth through acquisition”.

Read the full article here.

Japanese Exchange Coincheck Acquired by Monex Group

April 5, 2018 – Japanese financial services provider Monex group has announced it will acquire the cryptoasset exchange Coincheck Inc. The share acquisition is set to take place April 16th at a reported value of $33.5 million USD. Monex Group plans to make Coincheck a wholly owned subsidiary from the consolidated financial results for the first quarter of the fiscal year ending March 31, 2019. Coincheck founders Koichiro Wada and Yusuke Otsuka will step down from their respective posts as CEO and Director of Coincheck, and will stay on as operating officers.

Following the announcement, shares in Monex Group surged to a near 10 year high, demonstrating shareholder optimism in the acquisition.

Read the full article here.

TD Bank May Use Blockchain for Asset Tracking

April 2, 2018 – In a recent patent application release, TD Bank highlights a public distributed ledger that would help point-of-sale computers record their transactions. The patent indicates that these point-of-sale computers would create blocks of data, which would contain information about the assets being sold, such as their current value in different currencies. TD Bank had originally filed this patent in September 2016, but it is unknown if TD has pursued this technology since.

The application states that “one advantage of blockchain based ledgers is the public nature of the blockchain architecture that allows anyone in the public to review the content of the ledger and verify ownership. The decentralized blockchain approach also makes the system fairly robust in comparison to centralized server systems by allowing multiple distributed networks to verify the contents of a single ledger. This allows for redundancy and minimizes risk of falsification of ledgers”.

Read the full article here.

Cryptocurrency Takeaways From the Argentina G20 Summit

April 1, 2018 – Cryptocurrency regulations were a hot-topic discussed in the 2018 G20 Summit in Argentina. As cryptocurrencies progress towards being a standardized method of payment, investors should be aware of the key takeaways from the multilateral group. In July, it is expected that the first proposals for crypto regulations will be presented, but there are some other developments to take note of as well.

Some participants at the G20 Summit are arguing that cryptocurrencies could assist governments in broadening welfare policies. Other participants discussed the importance of taxation, crime prevention, and digital identity standards.

Read the full list of takeaways 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.