Blockchangers Blog

Weekly Wrap Up #43

Quote of the week: “There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running, so the down periods are often sometimes kind of a welcome change from that in the sense that we get to focus on building the next layer of innovation that will benefit us in the next cycle.” – Brian Armstrong, CEO of Coinbase. Source:

Alpha Sigma Capital in the News: Alpha Sigma Capital announced on May 11 their investment in EQIFi, the only decentralized finance platform backed by a leading digital bank. ASC is purchasing up to $3,000,000 USD of EQX tokens as part of this strategic relationship. EQIFi’s vision is expanding the options of digital asset owners, who today have limited options for secure custody and banking level access to their digital assets. EQIFi creates a next-generation high-level user experience, a secure, yet convenient, user-friendly DeFi platform.  Source:

Animal Concerts is Conquering the Metaverse with Snoop Dogs and Others:  Animal Concerts is building the next generation of online concerts in the metaverse in collaboration with many established and emerging artists. Animal Concerts is known for working with many artists including Alicia Keys, Future, Busta Rhymes, and Diplo, among others. Animal Concerts has been helping these artists and other emerging artists with NFT creation and crypto-focused endeavors. On March 29, the company launched its token ANML, and it has been highlighted as number one on CoinMarketCap’s list of Trending Cryptocurrencies. Source:

LUNA’s Crash:  LUNA has fallen over 97% of its 2022 high. Some believe that the Luna crash was motivated in part by those who have hate towards Do Kwon, the founder of the organization behind LUNA. Many believe that Terra (LUNA) was a Ponzi scheme that did not have enough BTC reserves on hand to prevent the crash. Additionally, a tweet (now deleted) by Charles Hopkinson, the founder of Cardano, revealed that a large institution had borrowed 100,000 Bitcoin from Gemini exchange and then exchanged a large percentage of that BTC for UST over the counter with Do Kwon at a discount, lowering the UST liquidity. In response, the institution then dumped large quantities of BTC and UST putting investors in panic selling modes. Source:

International Regulation Featuring Germany: This week, Germany published its first nationwide tax guide for cryptocurrency. The Finance Ministry’s letter addressed the income tax treatment of mining, staking, lending, hard forks, and airdrops. The letter confirmed that staked or lent cryptocurrencies were still tax-free if held for over one year. Furthermore, it was confirmed that individuals could sell Bitcoin or Ether tax-free after one year, and according to the guide, income tax does not apply when redeeming utility tokens. Source:

El Salvador, Once Again, Buys the Dip:  On Monday, May 9, El Salvador bought more Bitcoin. The El Salvador government purchased 500 Bitcoins for an average price of $30,744.  This purchase marks the largest single purchase by the country. El Salvador now holds 2,301 tokens. Source:

Meta Launches the Testing of NFTs on Instagram and Facebook: This week, Meta began testing NFTs on Instagram and is planning to launch on Facebook as well. In addition, Meta plans to bring the functionality of AR to project NFTs in digital spaces. Source:

Bitcoin Update:  On Monday, May 9, Bitcoin’s value sharply decreased, along with other cryptocurrencies, leading to an $800 million loss in the overall cryptocurrency market. Bitcoin dipped below $30,000 for the first time since July 2021. Some are warning of a “crypto winter” now. The dip in the cryptocurrency market has been caused, in part, by a combination of short-term and long-term inputs, including larger financial markets and the crashing of a major stablecoin.


And, that’s a wrap!

Jordana Cohen,


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.