Blockchangers Blog

Weekly Wrap Up #53

Quote of the week: “The projects that consist of hot air and hype will fail, but out of the dust will rise great projects and companies for the future economy. So, it is a healthy shake-out that will focus investors on tech and science quality much more in the coming years.” – Lars Seier Christensen, Founder of investment banking firm Saxo Bank.

What You Need to Know About Crypto Winter…Bundle Up: Crypto winter occurs when cryptocurrency prices decrease and remain at a low for an extended period of time. Analysts believe that crypto winter begins when there is a steep sell-off of major cryptocurrencies from an all-time high. In the latest series,  What You Need to Know About Crypto Winter, you’ll learn about past crypto winters, factors that influenced that latest crypto winter, and what’s next.

Ethereum Update: This week, news of the Ethereum network merger date was announced. Core Ethereum developer Tim Beiko proposed September 19 as the tentative target date for the transition from proof-of-work mining consensus to proof-of-stake. Following this news, the price of ETH rose 45% this week.



Bitcoin Update: Bitcoin has recovered this week after Tesla sold 75% of its Bitcoin holdings for liquidity purposes. Tesla sold $936 million worth of Bitcoin in the second quarter of this year.



International Regulation Featuring Russia: This week, Vladimir Putin signed a bill into law that will ban digital assets as payments. It is now illegal for people to use cryptocurrencies to pay for goods and services in the country. Russia’s Parliament is also considering two other bills relating to digital assets and miner activity and digital assets and firms conducting cryptocurrency transactions. Source: and Coinbase Win Regulatory Ok in Italy: Cryptocurrency Service Coinbase Global secured approval from Italian regulators, after meeting all requirements, to provide cryptocurrency services to Italian customers. Additionally, won regulatory approval from Italian regulators this week. can, now, provide its products and services to customers in Italy.  Sources:


Christie’s Launches its Venture Fund:  This week, despite continuing market turmoil, Christie’s launched a venture fund targeting Web3 and blockchain investments. According to the company, its first investment will be in LayerZero Labs. An employee at the company stated, “We will focus on products and services, which can solve real business challenges, improve client experiences and expand growth opportunities, both across the art market directly and for interactions with it.”  Source:

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.