Coinsilium Hires Ambrian Capital Founder as Advisor for Gibraltar Branch

Coinsilium has hired Malcom Burne to be a project advisor to its Gibraltar-registered subsidiary TerraStream,

according to a company announcement.

Background

Coinsilium is a London-based investment company that focuses on Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startups. It was founded in 2014 and has invested in companies such as Indorse, a Linkedin-type website from Singapore, Satoshipay, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term micro-payment platform from London, and Fantom, a South Korean company that runs a directed acyclic graph-based smart contract platform.

In May, Coinsilium reported that it made £120,000 in profit in 2017, which was a year-on-year increase of 181 percent.

Terrastream was set up to take advantage of the cryptocurrency-friendly legal system of Gibraltar. According to its website, it aims to offer "token-based alternative funding solutions with potential applications in several industry sectors, including, but not limited to, the precious metals and natural resources extractive industries."

It plans to launch its ICO in the last quarter of 2018. It is still working on its whitepaper while waiting for the Gibraltar Financial Services Commission to give permission.

Gibraltar is an overseas British Territory which has gone some way towards developing legislation that includes all aspects of the cryptocurrency economy. For example, it orders that all ICOs be assigned a sponsor who will themselves have to pass muster with the Gibraltar Financial Services Commission. Recently we reported when the territory's ICO marketplace, Gibraltar Blockchain Exchange, brought its third startup aboard - a blockchain based timeshare company.

According to the announcement, Malcolm Burne has years of experience in both the finance and mining (resource extraction) industries in the UK, Canada, Australia and Hong Kong. He is a former stockbroker and Financial Times journalist, and according to Reuters has been a director at more than 20 companies. He is the founder of Ambrian Capital and is currently chairman of an investment fund called Golden Prospect Precious Metals.

At Terrastream he will be working with a mining sector advisor named Richard Lloyd.