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Weekly Wrap Up #28

Quote of the week: “What I expect from Bitcoin is volatility short-term and growth long-term.”-  Kiana Danial, author of “Cryptocurrency Investing for Dummies.”

Source: https://time.com/nextadvisor/investing/cryptocurrency/future-of-cryptocurrency/

Yet Again, El Salvador Buys More Bitcoin:  Amid the crypto dip, this past week, El Salvador purchased 410 more Bitcoin. At the time of the purchase, Bitcoin was trading just above the $36,000 value.  This purchase is the cheapest acquisition for the country of El Salvador since the country adopted Bitcoin as a legal tender. Source: https://cointelegraph.com/news/el-salvador-buys-its-cheapest-410-bitcoin-as-prices-reach-36k

The World’s First ‘Edible NFT’:  Frank’s RedHot launched the world’s first ‘edible NFT,’ which has been built using ‘proof-of-bone’ technology. Fans will exchange their game-day chicken wing bones to accumulate ‘Bonecoins.’ Eli Manning, Frank’s RedHot ambassador, will be handing out free buffalo wings to help fans start to earn Bonecoins. The holder of the largest quantity of Bonecoins by February 13 will win the exclusive NFT and its edible replica.

Source: https://finance.yahoo.com/news/world-first-edible-nft-launched-163152734.html

Market Update: Much regulatory uncertainty has led to crypto and stock market sell-offs over the past week. Investors, alike, are bracing for interest rate increases from the Federal Reserve, but the rates remain uncertain. Over the last week, Bitcoin’s value has decreased approximately 16%.

Sources:

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

https://www.msn.com/en-us/money/markets/crypto-collapse-erases-more-than-1-trillion-in-wealth-forcing-a-reckoning-for-everyday-investors/ar-AAT8lXj?ocid=msedgntp

Metaverse Real Estate Continues to Boom:  Despite a volatile cryptocurrency market, the Metaverse continues to soar in 2022. Metaverse ecosystems including Sandbox and Decentraland continue to be major hubs of transactions. Decentraland’s token MANA has increased 868% in the past year and Sandbox’s token SAND is up 2616.6%. Many brands are buying plots in the Metaverse to conduct business or host events. For instance, Tokens.com recently bought 116 parcels of land in Decentraland’s Fashion District for $2.4 million to host a virtual fashion event that will attract some of the most popular fashion brands in the world.

https://news.yahoo.com/metaverse-real-estate-continues-soar-204757792.html

Regulation Featuring Russia: On January 26, Russian President Vladimir Putin asked for a consensus between his government and the Bank of Russia regarding cryptocurrency. The Central bank had called for an outright and complete ban on cryptocurrency. Many in Russia and the Finance Ministry have opposed the Central Bank’s position, arguing that it would undermine technological development in the country. Putin agrees that cryptocurrency’s risk must be offset against the country’s competitive advantages.

Source: https://www.coindesk.com/policy/2022/01/26/vladimir-putin-offers-hope-for-crypto-in-face-of-central-bank-call-for-ban/

And, that’s a wrap!

Jordana Cohen,

Associate

Alpha Sigma Capital

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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.