Blockchangers Blog

Weekly Wrap Up #66

Quote of the week: “I think the SEC has provided very little clarity [on NFTs]… There’s a lot of ambiguity. And in situations where there is this much ambiguity, I think people really need to be very careful. This is not the ideal state [of regulation].” – SEC Commissioner Hester Peirce. Source:

“I also believe that Wall Street is facing an innovator’s dilemma. They know crypto is coming and has the potential for disruption, but at the same time, crypto is too small to currently make a real impact. Therefore, Wall Street isn’t ready to change operations, but smaller crypto companies will continue to iterate. As a result, larger companies will take much longer and won’t be able to get in as fast. This is what we have seen happen in the tech sector for decades, which is why smaller players usually beat the big guys. We are also seeing big tech companies take an interest in DeFi, while the banks sit on the sidelines. For example, Google Cloud is now deploying infrastructure for crypto. This will put banks at an even greater disadvantage.”- Mike Belshe, CEO and co-founder of BitGo. Source:

Visa is Getting More Involved in the Crypto Space:  After several large corporations and payment companies have made moves into the crypto space, payment giant Visa is doing the same. Visa filed two trademark applications related to digital wallets, NFTs, and the metaverse. Source:

GameStop’s NFT Marketplace is Live: GameStop’s partnership with ImmutableX was announced in February and the company’s NFT platform has been in its public beta phase since July; this week, GameStop’s NFT marketplace went live on ImmutableX. Marketplace users will now have access to Web3 games on ImmutableX. Source:

Metakey and Wire Network Partnership Formed:  Metakey and Wire Network, a 3rd-generation, Layer-1 blockchain, partnered to relaunch an ungated web3 education platform, Metakademy. The platform will use Wire Network’s blockchain and protocol stack, including Universal Polymorphic Address Protocol (UPAP), that solves bridgeless interoperability across all chains and avoids the bridge attack vector that hackers have been exploiting industry-wide. Source:

Fair Disclosure: Alpha Sigma Capital Fund LP is an investor in Wire.Network.

LA Blockchain Summit: November 1-3:  Gavin Gilles, CEO, Project Venkman, and Ken DiCross, CEO/Founder, Wire Network, joined an expert panel at LA Blockchain Summit to discuss the “What Does the Future of Web3 Look Like?” Pictured below (far right) are Ken DiCross and Gavin Gilles.

Fair Disclosure: Alpha Sigma Capital Fund LP is an investor in Project Venkman and Wire.Network.

India’s Cenbank Begins Pilot of Digital Rupee: On November 1, the Reserve Bank of India launched the pilot for a central-bank-backed digital Rupee for the wholesale segment. Nine banks were identified, which will participate in the project. Many are hopeful that the project will make the interbank market more efficient. Source:
Philippines Bank Launches Bitcoin and Ethereum Trading:  On November 2, Swiss crypto technology firm Metaco and the Union Bank of the Philippines announced a pilot program for Bitcoin custody and trading services for select retail customers. Additionally, the Union Bank of the Philippines launched Ethereum trading capabilities. Source:

A Look Into Bear Market Psychology: A Warren Buffett Approach: 

Despite some positive momentum, the cryptocurrency market is still suffering. The cryptocurrency bear market has caused continuous panic, fear, and uncertainty among investors; but awareness of common behavioral investment biases can help individuals navigate market turmoil and avoid making behavioral mistakes to the individual’s financial detriment. Source:

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.