Blockchangers Blog

Weekly Wrap Up #46

Quote of the week: “I think in the near term, we [crypto] will find our footing.” – Michael Sonnenshein, CEO of Grayscale Investments. Source:

https://www.coindesk.com/layer2/2022/05/26/bitcoin-will-find-its-footing-according-to-grayscale-ceo/

International Regulation Featuring Paraguay:  This week, Paraguay set forth a framework to regulate crypto trading and mining. Paraguay’s Chamber of Deputies approved a pro-cryptocurrency bill to regulate its mining and trading. Paraguay is attempting to become an international hub for miners and keep up with the growing Web3, blockchain, and cryptocurrency industry.  Source: https://finance.yahoo.com/news/paraguay-sets-framework-regulate-crypto-165145795.html

Oracle Red Bull Racing Presents its New NFT Collection at the 2022 Monaco Grand Prix:   Oracle Red Bull Racing joined McLauren and Mercedes-AMG Petronas with a new NFT collection launch. Formula 1 is diving deeper into the NFT space in an effort to increase and drive fan engagement. Source:

https://www.fxempire.com/news/article/oracle-red-bull-racing-launches-nft-collection-at-the-monaco-gp-1016286

Mexican Food Chain Chipotle is Now Accepting Cryptocurrency Payments: 

Chipotle has partnered with Flexa, and now nearly 3000 Chipotle restaurants across the United States will accept 98 cryptocurrencies as a payment option. Flexa announced the partnership with Chipotle, but Chipotle’s website has not been updated to reflect the announcement yet.  Source:  https://cointelegraph.com/news/taco-tokens-chipotle-adds-crypto-payments-via-flexa

First NFT Insider Trading Case Comes to the Forefront:  U.S. prosecutors in New York City unveiled an indictment, accusing a past employee of OpenSea of NFT insider trading. The employee charged was a former product manager at the NFT marketplace. He was accused of secretly buying 45 NFTs on 11 separate instances based on confidential information that the NFTs would be featured on OpenSea. He then sold the NFTs after they were featured and incurred profits of approximately two to five times what he paid for. Source:

https://www.fxempire.com/news/article/opensea-employee-charged-with-insider-trading-in-nfts-1020295

South Korean Government Changes its Stance and Becomes Investor in the Metaverse:  South Korea has been recognized as a nation that has taken a strict regulatory stance on cryptocurrency; but, now it is betting big on the metaverse. The South Korean government will invest upward of 223.7 billion won ($177.1 million) in metaverse projects. This move may prompt other nations to follow.  Source:

https://cointelegraph.com/news/south-korean-government-becomes-an-early-investor-in-metaverse

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.