Blockchangers Blog

Weekly Wrap Up #64

Quote of the week: “When you specifically talk about crypto, it is going to be about discovery of products, whether it is physical or virtual inside, either the Metaverse or upfront, and then how people transact.”- Suresh Kumar, Global Chief Technology Officer of Walmart. Source:  https://cointelegraph.com/news/walmart-cto-says-crypto-will-become-a-major-payments-disruptor

International Policy Featuring South Africa: The Financial Sector Conduct Authority issued a notice that declared cryptocurrency assets to be classified as financial products in South Africa. The change will take effect immediately and will fall under the Financial Advisory and Intermediary Services Act of 2022. Source:

https://www.coindesk.com/policy/2022/10/19/south-africa-classifies-crypto-assets-as-financial-products/

Blockchain Moon Acquisition Merges with DLTx ASA in a $163.35M Deal:  This week, Blockchain Moon Acquisition Corp. (NASDAQ: BMAQ) entered into a definitive agreement to combine with DLTx ASA, a Web 3.0 infrastructure builder and acquire substantially all of the assets of DLTx ASA. The transaction will allow DLTx to further invest in Web 3 infrastructure and further build its portfolio. Source:

https://spacinsider.com/2022/10/17/blockchain-moon-bmaq-to-merge-with-dltx-in-163m-deal/

Fair disclosure: Alpha Sigma Capital Fund, LP is an investor in Blockchain Moon Acquisition Corp.

Mastercard Launches Cryptocurrency Trading for Banks: On October 17, Mastercard announced that it will deploy its technology and launch a new program called Crypto Source to allow financial institutions to bring cryptocurrency trading and services to their customers. The program will be launched in partnership with Paxos, a company with which Mastercard already has an established partnership. Paxos will provide cryptocurrency asset trading and custody services on behalf of the banks and Mastercard will use its technology to integrate cryptocurrency trading into the interfaces of the banks. Source: https://cointelegraph.com/news/mastercard-taps-paxos-to-launch-crypto-trading-for-banks

Defy Trends Expands its Partnerships: Defy Trends has partnered with Tezos and The Graph and is furthering its partnership with Avalanche. Defy Trends partnered with Tezos to collaborate on data integration and strategic partnerships across the Tezos ecosystem. Defy Trends recently partnered with The Graph to further co-marketing initiatives; Defy Trends will support their expanding community through education, building courses, and content to attract and onboard users into the protocol. Source:  https://www.defytrends.io/newsletter

Fair disclosure: Alpha Sigma Capital Fund, LP is an investor in Defy Trends.

Fidelity Adds Ether Trading to its Cryptocurrency Platform: Last week, Fidelity launched its new Ethereum Index fund for accredited investors; and, this week, Fidelity added Ether trading to its crypto platform for institutional investors. This move is the most recent step to make cryptocurrency available to Fidelity’s institutional investors. Institutional investors will be able to trade ether (ETH) starting on October 28. Source:  https://www.coindesk.com/business/2022/10/19/fidelitys-crypto-platform-to-add-ethereum-trading-for-institutional-clients/

And, that’s a wrap!

Jordana Cohen,

Associate

Alpha Sigma Capital

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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.