Blockchangers Blog

Weekly Wrap Up #59

Quote of the week: “With those ultra-low cap deals, wow you get a hold of one of those things at the right time you can make just massive, massive money. But on the flip side of that you’re playing in someone’s playground, you know you’re not the house, they’re the house.”- Jordan Belfort, former stockbroker, known colloquially as the “Wolf of Wall Street.” Source: https://cointelegraph.com/news/low-cap-crypto-is-like-penny-stocks-says-wolf-of-wall-street

Ticketmaster Partners with Dapper Labs: This week, a partnership was formed between Ticketmaster and Dapper Labs’ Flow Blockchain. Through Ticketmaster, event organizers will be able to distribute NFTs before, during, and after live events. Over the last couple of months, Ticketmaster has made several moves to integrate NFTs; Ticketmaster has integrated a wallet feature and digital marketplace into its website. Source: https://www.coindesk.com/business/2022/08/31/ticketmaster-partners-with-blockchain-firm-dapper-labs-to-issue-nfts-for-live-events/

International Regulation Featuring Uruguay:  Mario Abdo Benitez, Paraguay’s president, vetoed a bill proposing cryptocurrency regulation revolving around mining and trading in its country. The bill will be sent back to the National Congress for ratification. Source: https://finance.yahoo.com/news/paraguay-president-vetoes-bill-regulate-150900369.html

Meta Moves Forward with NFT Integration: Meta announced that Facebook and Instagram users can now post NFTs from digital wallets. Individuals will be able to connect their digital wallets to the apps and share their digital collectibles. Users will be able to post digital collectibles to their accounts minted on the Flow blockchain or from wallets supporting Ethereum or Polygon blockchains. Source: https://cointelegraph.com/news/meta-announces-facebook-and-instagram-users-can-post-nfts-from-digital-wallets

Crypto.com Makes a Big Mistake: Crypto.com accidentally sent an individual $10 million instead of refunding the individual $100. As a result, the individual went out and bought a mansion with the funds. The lawsuit is ongoing; however, the individual was ordered to sell the property and return the remaining funds or face potential contempt of court charges. Source: https://www.marketwatch.com/story/crypto-com-accidentally-sends-woman-10-million-instead-of-100-she-went-and-bought-a-mansion-11661970582?siteid=yhoof2

Domestic Regulation Featuring California:  The California State Assembly passed a bill for the licensing and regulation of cryptocurrency firms. The bill, known as the Digital Financial Assets Law,  requires digital asset exchanges and cryptocurrency-based companies to have a license of operation in the state of California. The bill was sent to Governor Gavin Newsom for veto or approval. Source: https://www.coindesk.com/policy/2022/09/01/california-assembly-passes-bitlicense-bill/

And, that’s a wrap!

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.