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Weekly Wrap Up #6

Quote of the week:

“My hope is that it [Bitcoin] creates world peace or helps create world peace.” Jack Dorsey, CEO of Twitter

Alpha Sigma Capital in the News: This week Alpha Sigma Capital welcomed Dan Siciliano to the board of Advisors. Dan is Chairman of the Federal Home Loan Bank of San Francisco and a Stanford University Fellow.

Source: https://www.globenewswire.com/fr/news-release/2021/07/22/2267530/0/en/Alpha-Sigma-Capital-Announces-F-Daniel-Siciliano-Joins-Board-of-Advisors.html

NFT Camera App is Here: This week, AirWire, one of Alpha Sigma Capital’s
portfolio companies, beta launched the first-ever NFT Camera App. AirWire’s Patent Pending NFT camera reduces NFT technology down to the lowest barrier to entry. “NFT Your Life” by simply taking photos, videos, or audio through the app and minting them on the blockchain.

Source: https://www.globenewswire.com/news-release/2021/07/22/2267380/0/en/AirWire-Launches-First-Ever-NFT-Camera-on-the-AirWire-DeFi-Wallet-App.html

Bitcoin Revival: On Wednesday, July 21 at the B World conference, Tesla CEO Elon Musk put forth his support for Bitcoin once again. Musk stated, “I might pump, but I don’t dump.” He followed with, “I don’t believe in getting the price high and selling, and I would like to see Bitcoin succeed.” After his commentary, the market reflected Musk’s Bullish sentiments, as the price of Bitcoin rose and returned to above $32,000 on Thursday.

Source: https://www.barrons.com/articles/bitcoin-prices-musk-dorsey-wood-cryptocurrency-51626896179?siteid=yhoof2

International Legislation: The Turkish Ministry of Treasury and Finance announced that its country’s crypto bill is ready for parliament. In preparation for the legislation, the Turkish central bank banned the use of cryptocurrencies. This draft bill establishes a legal framework for crypto assets that, according to Deputy Minister Sakir Ercan Gul, will be stricter than the regulation for crypto assets of Western Europe and the United States. The bill aims to protect retail investors, hamper money laundering, and augment the management of crypto exchanges and outlines the types of crypto assets.

Source: https://cointelegraph.com/news/turkey-s-crypto-bill-ready-for-parliament-says-deputy-minister-of-finance

A New Crypto Hub on the Rise: The mayor of Jackson, Tennessee, Scott Conger, announced that the city’s blockchain task force launched a study on potential methods to accept property tax payments in the form of Bitcoin within the city. The mayor believes that Bitcoin is the only solution to fix inflation and the devaluing of the US dollar.

Source: https://cointelegraph.com/news/tennessee-city-wants-to-accept-property-tax-payments-in-bitcoin

Crypto Access: JPMorgan becomes the first United States banking giant to give its wealthy clients access to crypto funds. JPM’s clients are only open to five different cryptocurrencies, but many believe that this news is only the start of a domino effect for other banks and further access to other crypto funds.

Source: https://www.cryptopolitan.com/jp-morgan-bank-opens-access-to-btc-eth-funds/

Discarding Rumors: On July 20, European Commission regulators stated that they were “banning anonymous cryptocurrency wallets” in an effort to crackdown on money laundering. These statements sent the crypto markets swinging; however, the markets recovered as it became certain that the E.U. had misrepresented the meaning of its own statements. In conclusion, no, the E.U. is not banning all anonymous crypto wallets.

Source: https://finance.yahoo.com/news/no-european-union-not-banning-171752952.html

And, that’s a wrap!

Jordana Cohen,

Associate

Alpha Sigma Capital

jcohen@alphasigmafund.com

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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.