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Weekly Wrap Up #5

Quote of the week:

“[New York will] become the center of life science, the center of cybersecurity, the center of bitcoins … We’re going to be the center of all the technology.” – Eric Adams, New York City Mayoral Candidate. Source: https://news.yahoo.com/eric-adams-mayor-bitcoins-174019892.html

Mass Adoption: On July 7, global payment giant Visa announced that its crypto-enabled card processed upward of $1 billion in total spending in first half of 2021. The company is contributing to the development and mass adoption of the cryptocurrency industry. Source: https://cointelegraph.com/news/visa-reports-over-1-billion-in-crypto-spending-in-h1-2021

International Regulation: Russia is preparing legislation to allow for law enforcement to apply restrictive measures and allow law enforcement agencies to confiscate illegally obtained cryptocurrencies. Cryptocurrency bribes and use by criminals have been on the rise in Russia and the country is making all efforts to put an end to it. Source: https://www.coindesk.com/russia-to-introduce-rules-for-confiscating-crypto-report

Market Trends: On July 7, Bitcoin was trading at around $34,000.00 and Ethereum was trading at around $2,634,00. At that trading price, Bitcoin was down 1% over the past week, while Ethereum was up about 3% over the past week. As many seem to be more crypto bullish this past week, Ethereum has prevailed and has outperformed Bitcoin. Source: https://www.coindesk.com/market-wrap-ether-outperform-bitcoin-sentiment

Going Public: Circle, a stablecoin partner of Visa and Goldman Sachs-backed fintech company, officially announced its plans to go public via a SPAC. In a $4.5 billion deal, Circle is planning on going public via a merger with blank-check company Concord Acquisition Corporation and will be listed on the New York Stock Exchange under the ticker “CRCL.”   Source: https://cointelegraph.com/news/breaking-stablecoin-firm-circle-to-go-public-in-4-5b-blank-check-deal

United States Regulation: On July 8, the Democrat senator Elizabeth Warren stated that she needed crypto legislation answers by July 28 in a letter to the SEC chair Gary Gensler. Source: https://www.coindesk.com/elizabeth-warren-sec-deadline-crypto-regulation

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.