Blockchangers Blog

Weekly Wrap Up #9

Quote of the week:

“After a quiet July, we’re seeing a return of retail investors. Market wisdom draws a line between the retreat of Chinese bitcoin miners and the recentering of trading activity in the U.S. and Europe.” – Caroline Bowler, CEO of Australian crypto exchange BTC Markets.

Crypto Adoption Continues: AMC Entertainment chairman-CEO Adam Aron announced that the company will be technologically equipped to accept Bitcoin for U.S. tickets and concessions by year-end. Source: https://finance.yahoo.com/news/amc-entertainment-accept-bitcoin-u-215746999.html

Venmo and Crypto: Venmo has increased its crypto support and adoption by enabling credit cardholders to convert their cash back rewards into four digital assets listed on the platform. Venmo users can now buy crypto with cashback rewards. Source: https://cointelegraph.com/news/venmo-enables-users-to-automatically-buy-crypto-with-cash-back-rewards

United States Legislation: Lawmakers are fighting to clear up the language in a bill that defines brokers in the crypto industry. The infrastructure bill has passed the United States Senate, with limited crypto clarification. Senator Toomey comments, “This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation.” Source: https://cointelegraph.com/news/infrastructure-bill-passes-us-senate-without-clarification-on-crypto

International Regulation: A new cryptocurrency-related bill in Ukraine will now allow payments in cryptocurrencies, although Ukraine does not recognize cryptocurrency as a legal tender. Source: https://cointelegraph.com/news/new-bill-in-ukraine-to-allow-payments-in-cryptocurrency-says-official

Bitcoin Update: Bitcoin reached a three-month high this week and rose to a price of $46,735 on August 11. Bitcoin then fell to $45,000 on August 12, still up more than 50% since crashing in the second half of July. Source:
https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-latest-ethereum-crypto-b1899289.html

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.