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Weekly Wrap Up #33

Quote of the week: “Digital ledger technology can make complex trade transactions more efficient and secure. Smart contracts allow parties to specify the terms of an agreement and ensure that those are immutable and transparent.” – Martha Reyes, Head of Research at Bequant. Source: https://cointelegraph.com/news/crypto-adds-efficiency-to-global-trade-and-financing-says-bequant-exec

Crypto Donations Helping to Aid Ukraine:  The government of Ukraine is accepting cryptocurrency donations to purchase critical supplies, including gas, food, and military equipment. More than $10 million in crypto donations have already been sent and spent. Vendors are stepping up, as well, accepting cryptocurrency in exchange for supplies. Even anti-war Russians are donating cryptocurrency to Ukraine. Cryptocurrency is proving to be more efficient than traditional payment methods that take a lot of time, time that Ukraine does not have. Source: https://www.coindesk.com/policy/2022/02/28/ukraine-government-is-using-crypto-aid-to-purchase-critical-supplies/

NFTs Are Even Helping Ukraine: On March 2, an NFT of the Ukrainian flag sold for roughly $6.75 million, with proceeds going toward Come Back Alive, an organization that donates resources to civilians and military personnel of Ukraine. The NFT sale was coordinated by UkraineDAO, a crowdfunding effort. Source: https://finance.yahoo.com/news/ukrainian-flag-nft-raises-6-163447981.html

eBay is Adding a Crypto Payment Option Soon:  Given the continuing mass adoption of cryptocurrency, eBay is wanting to add a new payment option to attract a new customer base. The CEO of eBay said the e-commerce giant could integrate cryptocurrency payments soon. Source: https://cointelegraph.com/news/ebay-to-add-crypto-payment-options-soon-says-ceo

Bitcoin Update:  Bitcoin is currently trading at $43,897 as of 9:37 a.m. EST on March 3, 2022. This week, Bitcoin’s price has fluctuated significantly due to speculation around the United States Federal Reserve’s tightening cycle and recent geopolitical happenings. Bitcoin’s value is at a crucial level of resistance, and it is thought that if the cryptocurrency can rally towards $45,000 before stock markets close on March 4, it would pave the way for a breakout and a potential increase in price over the weeks ahead.

Sources: https://coinrivet.com/latest-bitcoin-price-and-analysis-btc-to-usd-147/

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

Insurance in the Metaverse:  IMA Financial Group, a large United States insurance broker and wealth management firm, is opening a research and development center in the Metaverse, Decentraland. The group plans to start selling NFT insurance, as there are no insurance products in the market directed at these items, including NFTs. The group also wants to explore the Metaverse value chain and hopes to advise clients on aspects of decentralized finance. Source: https://www.coindesk.com/business/2022/03/02/ima-financial-plans-to-start-selling-nft-insurance-in-decentraland/

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.