Blockchangers Blog

Weekly Wrap Up #20

Quote of the week:

“There is a role for crypto as assets but they obviously will have to follow all the laws and make sure that it doesn’t become a backdoor for money laundering … they have to use that [as] an entry point to get a lot of young people into financial markets.” -Nilekani, co-founder of Infosys. Source: https://finance.yahoo.com/news/crypto-bring-financial-inclusion-infosys-160916481.html

Alpha Sigma Capital Update:  On December 2, some of the team met for our end-of-the-year strategy meeting at our offices in Hermosa Beach, CA. Making plans for 2022! In the photo back row left to right, Dante Venafro, Nick Birnbaum, Steven Kanaval. Front row left to right, Tiffany Tran, Wes Levitt, Sandra Ditore, and Enzo Villani.

 

Mass Adoption of Metaverse Featuring Adidas:  On December 1, Adidas announced that it was entering the Metaverse with an NFT partnership, collaborating with Bored Ape Yacht Club, gmoney NFT, and PUNKS Comic. Source:

https://cointelegraph.com/news/adidas-enters-the-metaverse-with-nft-partnerships

NFTs at Art Basel Featuring Andy Warhol:  This week at Art Basel Miami, artworks by Andy Warhol are being sold as NFTs. Starting on December 4th, Andy Warhol’s NFTs will be sold on Budja.io.site. One NFT is a Campbell Soup silk-screen on a T-shirt from 1982 that is priced at $125,000. Source:   https://www.barrons.com/articles/andy-warhol-nfts-crypto-basel-51638469078?siteid=yhoof2

Square is Changing its Name to Block: On December 1, payment giant Square announced that it is changing its name to Block in an effort to reflect the company’s move in its business toward blockchain and crypto and its growth. Source:  https://www.coindesk.com/business/2021/12/01/payments-giant-square-is-changing-its-name-to-block/

Wall Street Banks Exploring Bitcoin-Backed Loans:  Many Wall Street banks, including Goldman Sachs, are figuring out how to use Bitcoin as collateral for cash loans. This presents an opportunity for more integrated crypto promise brokerage services in the future. Source:  https://finance.yahoo.com/news/goldman-sachs-other-wall-street-190706671.html

Bitcoin Update:  As of 5:10 p.m. EST on December 2, Bitcoin was trading at approximately $56,800. This week’s volatility comes after uncertainty around the new omicron variant of the coronavirus and president Biden’s signing of the infrastructure bill that poses potential tax ramifications for crypto investors.

Source:  https://coinmarketcap.com/currencies/bitcoin/

And, that’s a wrap!

Jordana Cohen,

Associate

Alpha Sigma Capital

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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.