1 November 2016
COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Group")
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.
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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 Kssis Coinsilium Group Limited +44 (0) 207 099 0740
Peter Shea / Asha Chotai Daniel Stewart & Company +44 (0) 207 776 6550
Nick Emerson / Andy Thacker SI Capital Limited +44 (0) 1483 413 500
Jan Skoyles Coinsilium (marketing) firstname.lastname@example.org