Monday, March 1, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

KR1 swings to profit in 2019

7 months ago
in Blockchain
2 min read
KR1 swings to profit in 2019
Share on FacebookShare on Twitter


For the year ended December 31, the cryptocurrency and blockchain investor reported a profit for the year of £1.33mln compared to an £8.34mln loss in the prior year

Related articles

Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

March 1, 2021
Tesla shares tumble below level from before S&P 500 inclusion

Tesla shares tumble below level from before S&P 500 inclusion

February 28, 2021

() has swung to a profit in its latest full year following an upswing in gains from its digital investments.

For the year ended December 31, 2019, the cryptocurrency and blockchain investor reported a profit for the year of £1.33mln compared to an £8.34mln loss in the prior year, boosted by a £2.05mln unrealised gain on digital investments compared to a £12.7mln loss in 2018.

READ: KR1 sells tokens from blockchain insurance firm Nexus Mutual

Commenting of the year, managing directors George McDonaugh and Keld Van Schreven said some of the company’s earliest investment in decentralised finance (DeFi) were “gaining huge traction and recognition as the market catches up with the leap forward that the technology has made”.

“The last year saw a major step change for KR1 as we became income generating and we are pleased to report £241,633 in income from the Company’s staking activities, mainly resulting from our participation in the Cosmos Network during the 2019 financial year. Going into 2020 and beyond, staking activities are becoming an evermore important area, as further promising portfolio projects such as Polkadot, Dfinity and Ethereum turn on their Proof-of-Stake blockchains”, the MDs said.

“While maximising staking yields and the utilisation of our portfolio assets has become an important area for us, our focus has always been and continues to be researching the bleeding edge of this transformative ecosystem, backing the brightest and best teams to help build out the new decentralised world of Web 3.0 and beyond”, they added.

KR1 also said that it is “an excellent position” to take advantage of “very encouraging developments”, notably the “massive success of DeFi projects in generating economic activity” on the Ethereum blockchain, which has seen prices of the cryptocurrency surge.

Shares in KR1 were trading at around 6.15p in late-afternoon on Friday.



Read more:KR1 swings to profit in 2019

Tags: bitcoin news todayKR1profitswings

Related Posts

Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

by Bitcoin Market
March 1, 2021
0

Comments from the Tesla boss that prices of the cryptocurrency "do seem high" sent Bitcoin tumbling and sparked a...

Tesla shares tumble below level from before S&P 500 inclusion

Tesla shares tumble below level from before S&P 500 inclusion

by Bitcoin Market
February 28, 2021
0

The electric carmaker is trapped in a negative feedback loop with the price of bitcoin and the Ark Innovation...

Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin

Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin

by Bitcoin Market
February 28, 2021
0

The cryptocurrency miner reported revenues of £1.49mln in August, up from £1.25mln in July, while its average monthly mining margin...

ETC Group’s bitcoin ETP reaches $1bn AUM in just eight months, which is ‘just the

ETC Group’s bitcoin ETP reaches $1bn AUM in just eight months, which is ‘just the

by Bitcoin Market
February 27, 2021
0

Bradley Duke, Co-Founder of BTC Group (BTCE) talks to Proactive about their bitcoin ETP reaching $1bn AUM in just...

Proactive news headlines: Cellular Goods, Argo Blockchain, Corero Network Security,

Proactive news headlines: Cellular Goods, Argo Blockchain, Corero Network Security,

by Bitcoin Market
February 27, 2021
0

Consumer cannabinoid products developer 's () shares blazed higher on their first day of trading on the London Stock...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

March 1, 2021
Applied Elliott Wave Webinar: Bitcoin, Crude, Gold, SPX, Nifty & Amazon [Video]

Applied Elliott Wave Webinar: Bitcoin, Crude, Gold, SPX, Nifty & Amazon [Video]

March 1, 2021
Tether Allegedly Received Ransom Note Demanding 500 BTC – CoinDesk

Tether Allegedly Received Ransom Note Demanding 500 BTC – CoinDesk

March 1, 2021
Bitcoin uses more electricity than Argentina, Norway, study finds

Bitcoin uses more electricity than Argentina, Norway, study finds

March 1, 2021
As Crypto Markets Plunge $400 Billion, Coinbase Reveals Major Bitcoin And Ethereum

As Crypto Markets Plunge $400 Billion, Coinbase Reveals Major Bitcoin And Ethereum

March 1, 2021
Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’

Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’

March 1, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$46,192.002.67%
  • bitcoin-cashBitcoin Cash(BCH)$468.670.579%
  • binance-coinBinance Coin(BNB)$221.593.43%
  • bitcoin-goldBitcoin Gold(BTG)$24.91-1.02%
  • bitcoin-privateBitcoin Private(BTCP)$0.71360.93%
  • blocktixBlocktix(TIX)$0.0200.00%