BOTS Inc. Announces Acquisition of D’BOT Technology Corp to Make Cryptocurrency Trading Safer and More Accessible to the Public
Press release content. The AP news staff was not involved in its creation.
JACKSONVILLE, FL – ( NewMediaWire ) – May 26, 2020 – BOTS, Inc. (OTCMARKETS: MCIG) (GERMAN EXCHANGE: M06.SG), emerging innovator of products, technologies, and services for the rapidly growing robotics industry – announced today the acquisition of D’BOT Technology Corp (“D’BOT”).
D’BOT has developed several cutting-edge AI powered trading bot platforms (in Beta phase) and has an experienced team of developers with expertise in robotic automation processes and enterprise grade blockchain platforms to deliver advanced crypto and financial services with unprecedented security and transaction speeds.
BOTS, Inc ($BOTStm ) plan is to leverage the technological platform powered by D’BOT in different industry segments in order to generate revenue by introducing a novel hybrid decentralized cryptocurrency exchange that has many innovative features such as its own unique DEX blockchain.
Market capitalization for all crypto coins currently stands at a quarter of a trillion dollars. Twenty-four-hour trade volume in the cryptocurrency market passed the $110 billion mark according to CoinMarketCap.com.
Decentralized exchanges are rapidly growing in popularity due to fewer regulations and being less susceptible to hacking. In 2019 total volume in USD for this segment grew to 2.5 billion dollars.
“If you were worried about having your cryptocurrency stolen from a traditional centralized exchange, you were not alone,” said Paul Rosenberg, Company’s CEO. “From Mt. Gox to Bitfinex and many other crypto exchanges, there have been too many well-publicized news stories around the world of exchanges being hacked and hundreds of millions of dollars’ worth of crypto being stolen along with personal information. We will offer completely new ways to trade digital currencies without keeping your coins on the servers of third-party exchanges but instead traded utilizing decentralized crypto exchanges known as being ‘DEX’ powered but in our case, secured by bots.”
A recent Forbes.com article https://www.forbes.com/sites/oluwaseunadeyanju/2020/04/28/why-bitcoin-exchanges-are-building-their-own-blockchain/amp/ discussed several new developments in the DEX industry, like “developing blockchain based crypto exchanges which will be able to grow their market share and operate more efficiently” and the fact that the world’s busiest crypto exchanges are betting on decentralized platforms to drive the growth of decentralized commercial applications, particularly toward institutional financial inclusion.
Management believes that in the post-COVID economy, decentralization and more decentralized economies will emerge as being an indispensable addition to any industry.
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. – publicly traded on the OTC Markets under the symbol (OTC:MCIG) and on Börse Stuttgart under ticker (M06.SG) – is a diversified company servicing the robotics needs of its customers. The Company is committed to drive the innovations needed to shape the future of robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA)
The Company has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.bots.bz
Visit us on Facebook @ https://www.facebook.com/Bots.Bz/
Follow us on Twitter @Bots_bz
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at http://www.bots.bz.
Author: mCig, Inc.
Indian Crypto Exchange CoinDCX Raises $2.5M From Polychain Capital, Coinbase Ventures
Author: Daniel Palmer
How to make money with cryptocurrency: your ultimate guide
The cryptocurrency industry has grown substantially since Satoshi Nakamoto published the original Bitcoin whitepaper in 2008. More than a decade later, most people are aware of the terms “Bitcoin” and “cryptocurrency”.
In 2017, at the peak of the interest in cryptocurrencies, “How to buy BTC” was the third-ranked “How to …” Google search. While the market capitalisation of the crypto asset class has fluctuated wildly with price swings, it nevertheless increased from roughly $10bn (£8.1bn, €9.1bn) in 2013 to $237bn by the end of 2019. Similarly, over the past five years, the growth in Bitcoin unique accounts and transactions has averaged nearly 60 per cent per year.
Since 2009, the crypto space has created its fair share of wealth for early adopters and investors. Some, like the Winklevoss twins or Changpeng Zhao, used their investment gains to build businesses in the crypto ecosystem. The Winklevoss twins, for instance, built the Gemini exchange, while Changpeng Zhao founded Binance, one of the largest cryptocurrency exchanges in the world.
There are plenty of other examples. Valery Vavilov used his early interest in blockchain technology to start a Bitcoin miner Bitfury. Today, the company also produces and sells hardware for Bitcoin mining and generates over $400m in revenues. Anthony Di Iorio financed some of the early development of the Ethereum blockchain and has since invested in other crypto projects like Qtum, Vechain and Zcash.
While the early gains in crypto have already been made, the industry remains in the initial stages of development. The internet, for example, was developed in 1969 and the World Wide Web was introduced in 1990. By comparison, cryptocurrencies have been around for just over a decade.
Recent research by venture capital firm a16z shows that the crypto space evolves in cycles. A cycle generally starts with an increase in prices of the crypto assets, driving social and traditional media buzz. The coverage and excitement bring more people into the space, contributing new code, ideas and creating new projects. This eventually starts the next cycle.
To date, we have seen three crypto cycles that peaked in 2011, 2013 and 2017. Despite price falls in each cycle, there has been consistent growth in developer activity, social media activity and a number of start-ups created in the space. The peak of the next cycle is likely to coincide with new technological breakthroughs and rising crypto prices.
Long-term price appreciation is likely to be supported by increased interest in cryptocurrencies as an asset class by institutional investors. The daily average volume of cryptocurrencies traded is just 1 per cent of the foreign exchange market. Despite growing to over $200bn in market capitalisation, crypto assets are still a fraction of the global equity market ($71tr at the end of 2019) and the global debt market (more than $100tr at the end of 2018), not to mention global real estate.
Recently disclosed position in Bitcoin by Paul Tudor Jones as an inflation hedge and the rapid growth in assets under management of Grayscale Investments are early but positive signs of institutional adoption.
This backdrop presents investors and traders with opportunities to make money in the crypto space.
There are many different ways to make money with cryptocurrency and generate income in the crypto space. Given the inherent volatility of crypto assets, most involve a high degree of risk while others require domain knowledge or expertise.
Investing is usually associated with taking a long-term view by buying and holding assets for some time. Crypto assets are generally well suited to a buy and hold strategy. They are extremely volatile in the short term but have tremendous long-term potential. Research by investment firm Fundstrat shows that the majority of Bitcoin gains come in the 10 best trading days of the year. In fact, missing these days every year between 2013 and 2018 would result in a negative 44 per cent annual return.
Because of this inherent volatility, long-term investing is one of the better approaches to make money through cryptocurrency. As with any investment, crypto should be considered in the portfolio context based on your investment goals and risk tolerance.
The main difference between trading and investing is the time horizon. While investing is a long-term endeavour, trading is meant to exploit short-term opportunities. Trading cryptocurrencies requires certain skills and experience. Specifically, the ability to read charts and understand technical indicators. Having an in-depth knowledge of blockchain and different projects, however, is not required. This way of making money is more about understanding the price action in the historical context and using that to predict future prices, often on a short-term basis.
To make money online trading cryptocurrency, investors can either buy and sell actual crypto coins or use derivatives instead, such as a contract for difference (CFD). When you trade crypto using CFDs, you speculate on the direction of the underlying asset’s prices without actually owning it.
You can either take a long or short position, depending on whether you expect the price of an asset to rise or fall. Therefore, CFDs give you an opportunity to profit from both bullish and bearish price movements in underlying securities.
CFDs allow trading on margin, providing you with greater liquidity and easier execution. However, note that CFDs are a leveraged product; therefore, profits, as well as losses, are magnified.
You can learn how to make money trading cryptocurrency CFDs with Capital.com’s comprehensive guide and trade them using our AI-powered trading platform
Staking and lending are quite similar and allow investors to make money with altcoins. Staking essentially means locking coins in a cryptocurrency wallet and receiving rewards to validate transactions on a Proof of Stake (PoS) network. Instead of mining, the PoS algorithm chooses transaction validators based on the number of coins they committed to stake. PoS does not require expensive hardware and is much more energy-efficient. Cold staking is also an option, allowing investors to stake coins while holding them in a secure offline wallet. Tether, NEO and Stellar (XLM) are some of the coins you can stake.
With staking, investors are lending coins to the network, to maintain its security and verify transactions. Another option to earn money with crypto is to lend coins to other investors and generate interest on that loan. Many platforms facilitate crypto lending, including exchanges, peer-to-peer lending platforms and decentralised finance (DeFi) applications.
In 2016, Dan Larimer launched Steemit, the world’s first blockchain-based social media platform. The platform rewards users with its native coin, STEEM, for creating and curating content. Steemit ran into some troubles after 2017 and the number of users has been declining since. However, multiple other platforms have been built on the initial idea of rewarding users for creating content. Narrative, Sapien and Scorum are some of the examples.
Mining is a crucial component of the Proof of Work (PoW) consensus mechanism and is one of the oldest ways of making money with crypto. It is a process of verifying transactions and securing a PoW network. Miners are rewarded with new coins, through block rewards, for performing these functions. In the early days of Bitcoin, mining could be done on a desktop computer but today requires specialised mining hardware.
On the subject of supporting a network, running a masternode can also be profitable. Masternodes are wallets that host a copy of the entire network.
Both of these methods require technical expertise and significant upfront and ongoing investment.
Airdrops and forks are the crypto equivalent of being in the right place at the right time. Airdrops are free tokens, usually distributed by an exchange to generate awareness and create a large user base for a project. Forks are essentially changes or upgrades in a protocol that create new coins. When a blockchain forks, holders of the coins on the original chain typically get free tokens on the new network.
Always stay on top of the latest crypto market news with Capital.com to spot the best trading opportunities.
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CoinDCX gets USD2.5 million funding, aims 50mn users in India
The investment is aimed at bringing the total number of crypto users in India to 50 million and support CoinDCX’s $1.3 million #TryCrypto initiative for educational initiatives, meetup events, community engagements and consumer campaigns., the company said in a statement.
“This new strategic investment into CoinDCX is a shot of confidence in our roadmap toward bringing the crypto asset class to a largely untapped Indian market. We look forward to our investors’ continued counsel in building the most trusted and safe exchange for our users,” said Sumit Gupta, CEO and Co-founder of CoinDCX.
Following the lifting of an industry-wide banking ban by the Reserve Bank of India (RBI) in February this year, CoinDCX witnessed 10 times growth in sign-ups in one week, 47 per cent growth in trading volumes and 150 per cent growth in daily active users in March.
It is the first cryptocurrency exchange in India to integrate bank account transfers on its exchange.
Polychain Capital also led CoinDCX’s $3 million Series A round recently, which included Bain Capital Ventures and HDR Group, Operator of BitMEX.
“We have worked closely with CoinDCX from an early stage, and have continued to be impressed by the team and vision,” said Olaf Carlson-Wee, Founder of Polychain Capital.
Coinbase Ventures’ investment into CoinDCX comes after Coinbase began serving Indian customers in April 2019 and marks Coinbase’s first investment in an Indian blockchain company.
“As one of the earliest cryptocurrency exchanges in the world, Coinbase has been a pioneer in providing a safe and secure platform for those looking to enter the cryptocurrency market,” said Shan Aggarwal, Head of Coinbase Ventures.