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KR1 plc Appointment of Chairman
24/03/2021 11:10am
UK Regulatory (RNS & others)
TIDMKR1
24 March 2021
KR1 PLC
("KR1" or the "Company")
Appointment of Chairman
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that Rhys Davies has been appointed as Non-Executive Chairman of the
Board with effect from today.
Rhys has been tremendously helpful since he joined KR1 as a Non-Executive
Director in December 2020 and brings an excellent perspective to the Company's
governance and operations.
The Board believes that it is the right time in KR1's development to formally
appoint Rhys as Chairman, given the sustained growth in the digital asset
sector and the Company's aspirations going forward.
Rhys Davies, Chairman of KR1, commented: "The exceptional track record of
returns generated by the KR1 investment and research team is a function of
their singular investment thesis and their skill in executing it through the
vagaries of the digital asset investment cycle. As a Company, we are now
developing the requisite support and oversight functions that will enable the
investment and research team to continue executing their strategy in a way that
is commensurate with a larger asset base."
George McDonaugh, Managing Director and Co-Founder of KR1, commented: "We are
excited to have Rhys take on this role, not only for the wealth of experience
he brings, but also for the clear desire he has shown to assist in stewarding
the Company on its journey. Rhys perfectly understands the vision for KR1 and
the rapidly changing and volatile space the Company operates in."
The Directors of KR1 plc accept responsibility for this announcement.
--ENDS--
For further information please contact:
KR1 PLC
George McDonaugh +44 (0)16 2467 6716
Keld van Schreven
Simon Nicol simon@KR1.io
Peterhouse Capital Limited (AQSE Corporate Adviser)
Mark Anwyl +44 (0)20 7469 0930
Allie Feuerlein
Nominis Advisory Ltd (PR Adviser)
Angus Campbell pr@KR1.io
About KR1 plc
KR1 is a leading digital asset investment company supporting early-stage
decentralised and open source blockchain and DeFi projects. Founded in 2016 and
publicly traded in London on the Apex segment of the AQSE Growth Market (KR1:
AQSE), KR1 has built a notable reputation for generating significant returns by
investing in many key projects that are designed to power the decentralised
platforms and protocols that
FYI
"Tesla begins accepting Bitcoin as payment for cars"
https://uk.investing.com/news/cryptocurrency-news/tesla-begins-accepting-bitcoin-as-payment-for-cars-2331250
GLA
...yes, better currently...
Could be helping:
"Tesla begins accepting Bitcoin as payment for cars"
https://uk.investing.com/news/cryptocurrency-news/tesla-begins-accepting-bitcoin-as-payment-for-cars-2331250
GLA
..my shirt is a light blue oxford cotton button-down collar... ...medium kinda equates to size 15.5/16..
...sorry Monkfish6 couldn't resist, just a bit of poor Monday morning humour... ...I'll get my coat... :-)))))
I'm hoping it's a consolidation period... ...it seems the US market guides/leads this one so we'll see after 1.30pm UK time which direction they take it today....
AIMHO, DYOR and GLA
...this is worth a listen for those interested in crypto/blockchain (originally posted on the KR1 chat board by 'buddytheelf' - thanks buddy) ...not a cross ramp, but interesting wider BTC/crypto/blockchain discussion...
https://open.spotify.com/episode/3RiQ0Lfow9OVLGACLPaPw7
@CLP - pleeeeeaaaaseeeee get mining BTC asap :-)))))
AIMHO, DYOR and GLA
@Steve888 - one for you:
https://www.cityam.com/all-bets-car-off-lamborghini-enjoys-most-profitable-year-ever-despite-covid-19/
:-))))
GLA
..if BTC can stay around $60K plus or hit an new ATH like last weekend... ...then it should all add to the moment next week...
...lets see what transpires...
AIMHO, DYOR and GLA
KR1 plc Investment Update: Vega Protocol
19/03/2021 12:41pm
UK Regulatory (RNS & others)
TIDMKR1
19 March 2021
KR1 PLC
("KR1" or the "Company")
Investment Update: Vega Protocol
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that Vega Protocol ("VEGA"), a portfolio project of KR1, has completed
a successful US$5 million funding round led by Arrington Capital and Cumberland
DRW. The funding round included participation from previous backers, as well as
new backers like Coinbase Ventures and ParaFi Capital.
KR1 is also pleased to announce the Company's participation in the recent
funding round, investing a further US$150,000 in exchange for 194,999.17 VEGA
tokens at a price of US$0.77 per token. This investment comes in addition to
KR1's seed round participation, announced in October 2019. Across both funding
rounds, the Company now holds a total of 842,493.91 VEGA tokens.
Vega is a decentralised derivatives protocol that allows anyone to launch
markets and eliminates centralised gatekeepers to provide high throughput,
low-fee trading in a capital efficient way. In doing so, the protocol bridges
the immense industry of derivatives in traditional finance with the still
nascent and rapidly evolving world of decentralised finance. Vega is currently
advancing towards its mainnet release, with future plans including
self-custodied cross-chain collateral, a trustless bridge into the Ethereum
ecosystem, as well as bridges into other major blockchains such as Bitcoin,
Polkadot and Cosmos.
George McDonaugh, Managing Director and Co-Founder of KR1, commented:
"Vega is one of the most anticipated projects in our portfolio and we are very
happy to be able to support the team again in this latest round, especially
considering the incredible progress they have made. A core excitement of the
blossoming decentralised finance ecosystem has always been about the potential
to open up financial infrastructure for everyone in a fair way and Vega will
prove to be a major step change towards this becoming a mainstream reality."
The Directors of KR1 plc accept responsibility for this announcement.
--ENDS--
For further information please contact:
KR1 PLC
George McDonaugh +44 (0)16 2467 6716
Keld van Schreven
Simon Nicol simon@KR1.io
Peterhouse Capital Limited (AQSE Corporate Adviser)
Mark Anwyl +44 (0)20 7469 0930
Allie Feuerlein
Nominis Advisory Ltd (PR Adviser)
Angus Campbell
...more mainstream NFT coverage:
BBC News - The 'insane' money in trading collectible cards
https://www.bbc.co.uk/news/business-56413186
COIN: right place, right time? ...would appear so...
AIMHO, DYOR and GLA
...cheers iPhoneTrade for full RNS... ...I hurriedly only copied the 1st paragraph...
...could turn out to be another shrewd investment by the team at KR1 in a project which appears to specifically address the key issue of 'privacy' the blockchain space...
AIMHO, DYOR and GLA
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to
announce that the Company has invested a total of US$200,000 in the Starks
Network ("STN") project. KR1 took part in Stark's seed funding round, which was
led by IOSG Ventures and Hypersphere Ventures.
...another gem in the making?
DYOR and GLA
@ Gazala69 - I agree....
Understandable that there is a lot of legacy mistrust and doubt concerning the BOD due to previous misadventures...
...now is the time for CLP to change that perception with actions...
Forthcoming positive and regular comms around crypto strategy/plans with sharholders in mind will create an avid interest and share price action... ...not many UK listed BTC miners out there (ISA wrapper) will in itself attract new investors wanting to join the BTC/crypto journey...
...new investors on board (JS), BTC hitting highs, crypto/blockchain interest and sentiment surging...
...the ball is in your court CLP... ...as Delia Smith would say "lets be havin ya" :-))))
AIMHO, DYOR and GLA
...hit an all time high a short while ago $60K
GLA
BLOCKBUSTERS.... 'P' please Bob....
;-)