Blockchangers Blog

Weekly Wrap Up #70

Quote of the week: “It’s not going to be just a one-agency solution… we probably need to work a little more closely with the [Securities and Exchange Commission]… We can’t just look at it through the lens of Washington D.C..” – Summer K. Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC). Source: Coindesk.com

CoinAgenda Announces its Top Speakers for This Year’s Annual Conference:  

CoinAgenda, the premier global conference series connecting blockchain and cryptocurrency investors with startups since 2014, and BitAngels, the leading network of bitcoin and blockchain investors have released and announced their top speakers for CoinAgenda Caribbean. The conference will be held in Puerto Rico on December 5-7. Some of the speakers at this year’s event feature: Enzo Villani, Founder & CEO, Alpha Sigma Capital; Dan Morehead, Founder of Pantera Capital; James Haft, Chairman of DLTx; Anthony Di Iorio, Founder & CEO of Decentral; David Johnston, COO at DLTx;  Trevor Koverko, Co-Founder of Polymath,; and Raquel Buscaino, Emerging Technology Lead, and Lucas Erb, NExT Sensing Lead at Deloitte Consulting among many others. Here’s the full agenda for CoinAgenda Caribbean. Source: Finance.yahoo.com

BlockFi Files for Bankruptcy:   BlockFi, a United States cryptocurrency lender, has filed for Chapter 11 this week, along with eight of its affiliates. Monsur Hussain, senior director at Fitch Ratings stated, “BlockFi’s Chapter 11 restructuring underscores significant asset contagion risks associated with the crypto ecosystem.”

Source:  FXempire.com

International Regulation Featuring Belgium:  After an increase in demands for answers as to how Belgium will choose to regulate digital assets in relation to its existing financial laws and regulations, it has responded and confirmed its position that Bitcoin and Ether, among other cryptocurrencies, are issued solely by computer code do not constitute securities. Source: Cointelegraph

Crypto Winter Continues: As Crypto Winter Ensues, companies continue to lay off employees. This week, Kraken cut 1,100 employees, or 30% of its workforce in an effort to “adapt to market conditions.” Source: TheStreet.com

Binance Plans to Commit $1 Billion to its Cryptocurrency Recovery Initiative: 

After the collapse of FTX, Binance, a cryptocurrency exchange, is aiming to create a $1 billion fund for the potential purchase of distressed assets in the digital space. The company is committed to putting $1 billion towards establishing an industry recovery initiative. In the future, the company hopes to ramp up its commitment to $2 billion.  FXempire.com

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.