Blockchangers Blog

Weekly Wrap Up #16

Quote of the week: 

“Well, I’ve started to question now whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in government.” – Senator Rand Paul 

Source: https://www.marketwatch.com/story/rand-paul-says-crypto-could-become-the-reserve-currency-of-the-world-if-more-people-lose-trust-in-government-11635179314?siteid=yhoof2

Crypto Mass Adoption: Featuring Walmart:  Walmart has partnered with coin-cashing machine company Coinstar and crypto-cash exchange Coinme to install Bitcoin ATMs in its stores. Walmart has already installed Bitcoin ATMs in 200 of its stores across the country, with the intention of installing at least 7,800 more. Source:  https://cointelegraph.com/news/200-bitcoin-atms-installed-at-walmart-with-plans-for-8000-in-total

Altcoin Update: Shiba Inu and Dogecoin:  Dogecoin gained momentum, trying to settle above $0.32 and Shiba Inu has hit all-time highs this week. On Wednesday, October 27, SHIB hit a new record high at $0.0000699. 

Sources: https://finance.yahoo.com/news/dogecoin-skyrockets-while-shiba-inu-082204069.html

https://coinmarketcap.com/currencies/dogecoin/

https://coinmarketcap.com/currencies/shiba-inu/

NFTs on the Rise: Featuring Fast Food:  Many fast-food giants, including McDonald’s, Burger King, Pizza Hut, and Taco Bell are entering the NFT space for the opportunities it offers. Some of these opportunities include enabled gamified promotions and further distribution of its products and services. For instance, McDonald’s China is planning on releasing and distributing a set of 188 NFTs to its employees and customers as a giveaway to honor its 31st anniversary. Source:

https://cointelegraph.com/news/would-you-like-fries-with-that-fast-food-chains-are-serving-up-nfts

Regulation: Featuring India:  India has been unsure as to how to deal with cryptocurrency; but, recently, India has been taking steps to regulate cryptocurrencies rather than ban it. Over the past year, India’s mass adoption of cryptocurrency has exploded; it is now the largest cryptocurrency market in Central and Southern Asia and Oceania. It does not seem as though India is on the route to ban cryptocurrency as China has done. Source:  https://finance.yahoo.com/news/india-ironing-crypto-regulatory-framework-083808117.html

Bitcoin Update:  On Thursday, October 28, Bitcoin gained momentum and returned back over $60,000. This increase in value comes after El Salvador President Nayib Bukele tweeted that his government had “bought the dip.” The El Salvador government bought 420 BTC, equivalent to $25 million.  Source:   https://www.coindesk.com/markets/2021/10/28/bitcoin-back-over-60k-as-el-salvador-buys-420-btc/

And, that’s a wrap!

Jordana Cohen,

Associate

Alpha Sigma Capital

Recent Posts

Alpha Sigma Capital
Daniel Siciliano

F. Daniel Siciliano is an Independent Director of the Federal Home Loan Bank of San Francisco and Chair of the American Immigration Council. He is the former faculty director of the Rock Center for Corporate Governance at Stanford University and former Professor of the Practice and Associate Dean at Stanford Law School. His work has included expert testimony in front of both the U.S. Senate and the House of Representatives and for 2009, 2010, and 2011, alongside leading academics and business leaders such as Ben Bernanke, Paul Krugman, and Carl Icahn, Professor Siciliano was named to the “Directorship 100” – a list of the most influential people in corporate governance.

Siciliano was also co-founder, CEO and ultimately Executive Chairman of LawLogix Group, Inc. – a global software technology company named 9 consecutive times to the Inc. 500/5000, several times ranked as one of the Top 100 fastest-growing private software companies in the US and named to the US Hispanic Business 500 (largest) and Hispanic Business 100 (fastest growing) lists for 2010 and 2011. In 2012 he sold a majority stake of the company to PNC Riverarch Capital, continued as Executive Chairman, and led the sale of the company to Hyland Software/Thoma Bravo in 2015.

Siciliano is a co-founder and board member of the Silicon Valley Directors’ Exchange (SVDX), Chairman of the national non-partisan American Immigration Council, past-President of the League of United Latin American Citizens (LULAC) Council #1057, and an active member of the Latino Corporate Directors’ Association.


Siciliano’s related areas of expertise include executive compensation, corporate compliance, the legal and social impact of autonomous (AI/robotic) systems, and corporate technology strategy and security. He has served as a governance consultant and trainer to the Board of Directors of dozens of Fortune 1000 companies (including Google, Microsoft, Fedex, Disney, Entergy and Applied Materials), is an angel investor and consultant to several firms and companies in Silicon Valley, Hong Kong, India, and Latin America, and currently serves as an independent director on the board of the Federal Home Loan Bank of San Francisco. He lives in Los Altos, California.