Blockchangers Blog

Weekly Wrap Up #57

Quote of the week: “It’s important to remember that across the course of history, many people have been initially skeptical about technological developments before they were adopted in the mainstream — like with computers and cell phones. This is the natural course of technological advancements.”- Oliver Schäfer, 21Shares’ new head of Germany. Source:

The United States Regulatory Update: On August 16, the United States Federal Reserve issued additional guidelines to be followed by banks engaging in cryptocurrency-asset-related activities. In a supervisory letter, the Fed stated, “The emerging crypto-asset sector presents potential opportunities to banking organizations, their customers, and the overall financial system; however, crypto-asset-related activities may pose risks related to safety and soundness, consumer protection, and financial stability.” The Fed emphasized that firms, banks, and state member banks should notify the Fed of any cryptocurrency-related activities to make sure that their activities are legally permissible. Source:

Galaxy Digital Breaks $1.2B Deal to Acquire BitGo: In May of 2021, Galaxy Digital formed a deal to acquire crypto custody firm BitGo; the deal was expected to close by the end of that year. This week, Galaxy Digital abandoned its plan to purchase BitGo due to a number of factors, including the fact that BitGo failed to provide financial statements by a deadline of the end of July. As a result, BitGo is suing Galaxy Digital and is seeking $100 million in damages. Sources: gets Regulatory Approval in the UK: On August 17, announced in a statement that it has registered with Britain’s financial services regulator. By joining the Financial Conduct Authority’s register, now has the approval to offer crypto asset services and products to customers in the UK. Source:

CME Group Adds Ethereum Options to Crypto Offerings:  Ahead of the Ethereum merge, the Chicago Mercantile Exchange is offering options for ether (ETH) futures. The exchange will permit traders to make bets and manage risk on its crypto products, which include bitcoin and ether futures and bitcoin options.  Source:

NFTs Still on the Rise: The Australian Football League, in partnership with Animoca  Brands, launched an NFT marketplace earlier this year and has experienced a successful uptake of its limited edition NFT drop. The Australian Football League sold out of its limited edition Ripper Skipper NFT drop in less than 12 hours. The Ripper Skipper drop is estimated to have generated more than $130,000 in USDC. Source:

And, that’s a wrap!

Jordana Cohen,


Alpha Sigma Capital

Recent Posts

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.