Coinsilium Group Limited Company Update
01 November 2016 - 9:00PM
UK Regulatory
TIDMCOIN
1 November 2016
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Group")
Company Update
Monthly company update
Please see below a monthly round-up of selected news from Coinsilium Group
Limited (COIN:ISDX).
The Heathrow expansion is going ahead, Great British Bake Off is over and the
American election result is now just a week away. It might seem the world has
other things on its mind but rest assured blockchain is still making headlines
and impacting various industries.
Some of those making headlines are Coinsilium and our very own investees. Read
on to find out more.
We love to hear from Coinsilium fans, so if you have anything to say please
tweet us, email us or even link-in with us.
Factom raises Series A funding, led by Tim Draper
Factom Inc. ('Factom'), a company in which Coinsilium has a 1.8% equity
interest, has raised $4.2m in a Series A round of funding led by Tim Draper of
Draper Associates. Read the full announcement here.
Coinsilium divests from gold-investment platform
The Coinsilium Board has reviewed TRAC Technology Ltd ("TRAC") against its
strategy of investing in early stage blockchain focused companies.
It has concluded that TRAC no longer meets Coinsilium's core criteria and, as a
result, the Board has decided to take advantage of an opportunity to divest
its direct 27.3% shareholding in TRAC. Coinsilium will receive consideration of
US$100,000 for its shares; of which 50% will be paid in cash and the remainder
will be paid by the issue of 2.6m new shares in Kolar Gold Limited (AIM:KGLD)
which will be subject to a lock-in period of three months. Kolar Gold Limited
is managed by CEO Cameron Parry, a former director of Coinsilium Group Limited.
Read the full announcement here.
Factom woos mortgage industry experts
Coinsilium were delighted when Factom announced the addition of three veteran
executives with deep experience building distributed systems and enterprise
mortgage software, to the team. Read the full announcement here.
Factom weighs in on bitcoin debate
If you have been wondering what all the chat about the future of bitcoin is
about (to fork or not to fork), we highly recommend this article covering
Factom Chairman David Johnston's views and his reasons for them. Read here.
SatoshiPay helps to launch European FinTech Alliance
SatoshiPay is one of ten members to join the European FinTech Allicance,
positioning themselves in strategic position when it comes to working with
regulators and industry. Read about the Alliance's plan for statutes and plans
for upcoming policy days.
SatoshiPay's Role in the Attention Economy
"Paid attention" services are something that is a growing threat to the power
of Google Ads. Bitcoinist.net looked at the growing trend of monetizing
content, and how SatoshiPay were playing a role. Read here.
RSK Labs: Will blockchain be the end of lawyers?
E&T: Engineering and Technology, an online magazine, have written a great
article on smart contracts and how it will work in the real world, full of
centralised systems. Amongst the many recognisable names was Sergio Lerner,
Chief Scientist at RSK Labs. Read about smart contracts here.
RSK founder brings Bitcoin Miners to Argentina
In November, over sixty blockchain entrepreneurs as well as miners controlling
almost 50% of Bitcoin's total global hash power are going to Buenos Aires,
Argentina. Diego Gutierrez Zaldivar, CEO and co-founder at RSK Labs is
organising the event. Find out more.
What does Brexit mean for fintech?
Laurent Kssis, Chairman of Coinsilium, spoke to Finextra about what the
implications of the Brexit vote might be on the UK's upcoming fintech
industry. Watch here.
A Q&A with Eddy Travia, chief executive at Coinsilium
Eddy Travia was interviewed by GamCrowd, where he considered the role
blockchain could have in the gambling industry, from regulation through to
bitcoin. Read here.
TedX talk: How will the Blockchain revolution will change our lives?
Eddy Travia was invited to give a TedX talk in Madrid earlier this year, and we
are delighted to be able to bring you the video so you too can enjoy it.
https://www.youtube.com/watch?v=ErxKm0b0DIU
Seminar on blockchain at Old University
Coinsilium ran a 'Blockchain Day' in Malta, with Eddy Travia and Adam Vaziri
providing the teaching. Grant Thornton Spain also presented during the day.
If you are interested in attending a training course please email us.
Coinsilium on Tour
Coinsilium continues to make a name for itself as a thought-leader and
commentator for blockchain, the industry and the increasing number of
use-cases. This month we've been in Vegas, Dubai and Malta. Next month we're
hitting New Delhi and Brussels, to name a few.
To sign-up for Coinsilium's newsletter please email: info@coinsilium.com
For an online version of this newsletter, visit: http://eepurl.com/b8bCdz
Notes to Editor
Coinsilium is a London-based blockchain technology focused investment and
development company, supporting early-stage blockchain companies through
investment, acceleration, development and education.
Coinsilium is the world's first blockchain technology focused company to be
admitted to trading on an Exchange Regulated Market and has a portfolio of
interests in blockchain companies and projects. In addition to pursuing its
investment strategy Coinsilium is able to offer a suite of services including
corporate/business advisory, CPD accredited training & education, investment
solutions, in-house development and other professional services to blockchain/
fintech companies and major corporates wanting to learn more about blockchain
technology and its implications to the way the world transfers value over the
internet.
For further information please visit http://www.coinsilium.com/
Or please contact the following:
Eddy Travia / Laurent Coinsilium Group Limited +44 (0) 207 099 0740
Kssis
Peter Shea / Asha Chotai Daniel Stewart & Company +44 (0) 207 776 6550
(Corporate Adviser)
Nick Emerson / Andy SI Capital Limited +44 (0) 1483 413 500
Thacker (Broker)
Jan Skoyles Coinsilium (marketing) janskoyles@coinsilium.com
END
(END) Dow Jones Newswires
November 01, 2016 06:00 ET (10:00 GMT)