Blockchangers Blog

Weekly Wrap Up #56

Quote of the week: “Bear markets actually present excellent opportunities, so we expect to see M&A and consolidation activity in the mining sector involving both public and private players — to realize economies of scale and combine complementary operations.” — Andy Long, White Rock Management CEO. Source:

Disappointing Coinbase Earnings: This week, Coinbase released disappointing second-quarter earnings, following SEC investigations into the exchange for allegedly listing unregistered securities; the exchange posted a $1.1 billion loss in Q2. The outlook for the third quarter is looking even gloomier with projections pointing toward a continued downtrend. Source:

Reddit and FTX Form a New Partnership:  Reddit has formed a partnership with FTX in an effort to unlock new crypto-enabled benefits for Community Points. Users’ points will show next to their usernames and can be used to get special memberships and other buying perks. Once a user has some points to use, they will be able to collect them by paying Ethereum network fees. If a user is in need of more funds to cover the network fees, Reddit users will be able to buy ETH directly through the FTX Pay app. Source:

Voyager Update:  Voyager Digital claims that it has received many “higher and better” buyout offers than that offered by Alameda and FTX in July. The company stated that it has received word from 88 interested parties wanting to financially bailout the company. Additionally, Voyager has been cleared to return $270 million in customer funds held at the Metropolitan Commercial Bank, which has been frozen until now. Source:

Iran and Cryptocurrency:  This week, Iran made its first official import order using $10 million worth of cryptocurrency. Iran’s Deputy Minister of Industry, Mine, and Trade Alireza Peyman-Pak did not disclose any details about the cryptocurrency used or the imported goods, but he did say that the order represents the first of many international trades to be implemented with cryptocurrency. Source:

Bitcoin Update: On August 11, BlackRock launched a private trust offering institutional investors and clients in the United States exposure to spot Bitcoin. As a result of the news, Bitcoin’s price increased and continued to $25,000.


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.