Weekly Wrap Up #75
Quote of the week: “Investors should not place too much confidence in the mere fact a company says it’s got a proof-of-reserves from an audit firm.” – Paul Munter, SEC’s acting chief accountant. Source: www.Cointelegraph.com Alpha Sigma Capital in the News: This week Alpha Sigma Capital welcomed Patrick Martin as General Partner, Europe. Mr. Martin’s experience spans 30 years […]
Weekly Wrap Up #74
Quote of the week: “Investors should not place too much confidence in the mere fact a company says it’s got a proof-of-reserves from an audit firm.” – Paul Munter, SEC’s acting chief accountant. Source: www.Cointelegraph.com Alpha Sigma Capital in the News: This week Alpha Sigma Capital welcomed Patrick Martin as General Partner, Europe. Mr. Martin’s experience spans 30 years as […]
Weekly Wrap Up #73
Quote of the week: “Every day there is some accusation being hurled at The Bahamas, but it is clear the jurisdiction of the alleged fraud is not the reason the fraud happened… We in The Bahamas can ask the question: How did the mastermind of FTX get on the front page of Forbes magazine, a U.S. […]
Weekly Wrap Up #72
Quote of the week: “Never in my career have I seen such an utter failure of corporate controls at every level of an organization, from the lack of financial statements to a complete failure of any internal controls or governance whatsoever.” – John Ray, New CEO of FTX. Source www.Cointelegraph.com The Sam Bankman Fried (“SBF”) Saga Continues: This […]
Weekly Wrap Up #71
Quote of the week: “[Cryptocurrencies are] going to be regulated and dealt like securities… What does that mean? It means more transparency, it means segregated client funds, the role of the broker as a broker-dealer will be overseeing and the exchanges will be separated from the brokers. The settlement and clearing will be separated from the […]
Weekly Wrap Up #70
Quote of the week: “It’s not going to be just a one-agency solution… we probably need to work a little more closely with the [Securities and Exchange Commission]… We can’t just look at it through the lens of Washington D.C..” – Summer K. Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC). Source: Coindesk.com CoinAgenda Announces […]
Weekly Wrap Up #69
Quote of the week: “Lately it’s probably been 70-80% of what we talk about…We are clearly in a situation where we need to stop, we need to gather the facts, we need to understand what’s happening […] to move policy ahead… We are getting to the point that maybe we are past the education stage and […]
Weekly Wrap Up #68
Quote of the week: “I think basically we’ve been set back a few years now. Regulators rightfully will scrutinize this industry much, much harder, which is probably a good thing, to be honest.” – Changpeng “CZ” Zhao, Binance CEO Source: Cointelegraph FTX Files for Bankruptcy: FTX, FTX United States, and Alameda filed for Chapter 11 bankruptcy in the United […]
Weekly Wrap Up #67
Quote of the week: “Voters are very pro-technology, pro-innovation and they […] might not know the specifics of crypto legislation or tech legislation writ large, but they do have kind of an intuitive sense of […] what policy thinking that moves in the direction of embracing technology and innovation would look like.” – Martin Dobelle, one […]
Weekly Wrap Up #66
Quote of the week: “I think the SEC has provided very little clarity [on NFTs]… There’s a lot of ambiguity. And in situations where there is this much ambiguity, I think people really need to be very careful. This is not the ideal state [of regulation].” – SEC Commissioner Hester Peirce. Source: Finance.Yahoo.com “I also believe that […]
