January 22 – 28, 2018 | Top 5 Cryptoasset News of the Week

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

Canada’s First Multi-Asset Crypto Fund Approved by Regulators

January 25, 2018 – It’s been a busy week for Toronto-based 3iQ Corp. On Thursday, the company received formal approval from Canadian securities regulators to act as a portfolio manager and investment fund manager permitted to invest in multiple cryptoassets. The 3iQ Global Cryptoasset Fund will invest directly in bitcoin, ether and litecoin, three of the leading cryptoassets. Units of the fund will be available to accredited investors, advisors and dealers via Fundserv, and to pension funds, institutions and family offices via private placement.

Read the full article here.

VIDEO: RBC Analyst Calls Money Laundering with Bitcoin ‘Foolish’

January 24, 2018 – BNN spoke with Mitch Steves, an analyst at RBC Capital Markets, about the multi-trillion dollar opportunity he sees in cryptocurrency and blockchain technologies. In the video, he explains why there are other cryptocurrencies that could pose a greater money laundering threat than bitcoin.

Watch the full video here.

Retail Trading App Robinhood to Introduce Crypto Trading

January 25, 2018 – A popular trading app for millennials is now taking the plunge into cryptocurrencies. Beginning in February, Robinhood will let its customers buy 16 cryptocurrencies, including bitcoin, ether, and litecoin. Robinhood is renowned for its no-commission approach to equities trading. Cryptocurrency exchanges may face stiff competition, as Robinhood is looking to make its cryptocurrency trading free as well.  Cryptocurrency markets are popular among the millennial age group. The app has over 3 million users, with a median age of 26. This demographic has been particularly enthusiastic about bitcoin and other alternate digital currencies.

Read the full article here.

Big Banks are Reviewing the Use of Credit Cards to Buy Cryptocurrencies

January 25, 2018 – Over the last year, we saw overwhelming demand from retail investors looking to invest in cryptocurrencies, and by using their credit cards, they can invest quickly without the need for a bank transfer. However, tension has been building between credit card companies and customers who want to use their cards to purchase cryptocurrencies. Some credit companies already allow cryptocurrency purchases, but many still see security as an ongoing issue. So far, It is unclear which stance Canadian banks will take on digital currency purchases with credit cards.

Read the full article here.

The World’s First Major Agricultural Trade Using Bitcoin

January 24, 2018 – A new milestone has been reached by the agricultural industry. For the first time, a cargo shipment with wheat has been completed by using bitcoins as payment. The shipment consisted of 3000 tons of wheat from Russia to Turkey. The deal was part of a pilot testing program from the company’s blockchain payment system for bulk commodities. The blockchain uses a ledger-based digital technology that will allow for the immediate processing of payments.

Read the full article here.

Share This Story!

Subscribe to the North iQ Weekly Newsletter and What Happened in Bitcoin & Ether? reports and stay updated on 3iQ’s news, announcements and developments in 2022.

Subscribe to the Monthly Fund Updates for all of 3iQ’s fund performance profiles.

Subscribe to Research papers and Blogs for recaps and insights on digital asset industry developments, and bitcoin & ether performance analysis.

Related Posts

March 15, 2022 | North iQ Newsletter

El Salvador may reportedly be the first country to ever issue debt backed by bitcoin (BTC) this week. The issuance could mark a major milestone

February 25, 2022 | North iQ Newsletter

The Role of Digital Assets in RRSP Season Investors are increasingly relying on ETF products to gain exposure to certain asset classes, such as digital

February 18, 2022 | North iQ Newsletter

Incremental Allocation to bitcoin (BTC) Over the last five years, traditional 60/40 equity and bond portfolios which had allocated to bitcoin (BTC) performed well compared to


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.