Blockchangers Blog

Weekly Wrap Up #37

Quote of the Week: “There are benefits from crypto, and we recognize that innovations in the payments system can be a healthy thing.” – Janet Yellen, the 78th United States Secretary of the Treasury. Source: https://cointelegraph.com/news/secretary-yellen-recognizes-benefits-of-crypto-despite-lingering-skepticism

Crypto Winter is Over?  As of March 31 at 9:30 a.m., Bitcoin was trading at $47,171.30. Bitcoin has seen a price surge this past week as sentiment has improved. The Bitcoin Fear & Greed Index entered “greed” territory, indicating bullish sentiment among cryptocurrency traders and community members.

Sources: https://finance.yahoo.com/news/market-wrap-crypto-sentiment-improves-202245306.html

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

Crypto Funds Have Largest Inflows Since December:  The Digital Asset Fund Flows Weekly Report revealed that $193 million flowed into crypto funds in the seven days through March 25, after two straight weeks of outflows. The inflows occurred after the price of Bitcoin rose 14% last week. Inflows were led by European funds ($147 million) with American funds behind them ($45 million).

Source:  https://www.coindesk.com/markets/2022/03/28/crypto-funds-see-largest-inflows-since-mid-december/

 

Ukraine Launches A NFT ‘Museum of War’ To Help Fund The War Against Russia:  Ukraine had raised more than $50 million in cryptocurrency donations and is now turning to its second modern war fundraiser, featuring NFTs. 100% of the funds from NFT purchases will go directly to the official cryptocurrency accounts of the Ministry of Digital Transformation of Ukraine to support the army and civilians. The Ukrainian government is launching a Meta History: Museum of War NFT site where buyers will be able to purchase NFTs, starting March 30, to aid Ukrainians in the war against Russia. Source:  https://finance.yahoo.com/news/ukraine-launches-nft-museum-war-161840773.html

 

Mastercard Forges Partnership With Cryptocurrency Exchange BTC Markets: 

Mastercard recently formed a partnership with cryptocurrency exchange BTC Markets, which is an Australian cryptocurrency exchange. The companies forged a partnership to support crypto card payments and allow customers to make direct debit, prepaid, or credit card payments into the cryptocurrency exchange. Source:

https://www.fxempire.com/news/article/crypto-exchange-btc-markets-partners-with-mastercard-for-payments-950633

Largest DeFi Hack to Date Occurred This Week:  Crypto gaming giant Axie Infinity’s Ronin network suffered a $625 million exploit. Axie Infinity’s Ethereum-linked Ronin sidechain was exploited for 173,600 Ether and $25.5 million worth of USDC. This is the largest decentralized finance hack to date. Currently, the company is working with several government agencies to ensure that the criminals get “brought to justice.”  Source: https://finance.yahoo.com/news/axie-infinitys-ronin-network-suffers-171242185.html

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.