JACKSONVILLE, FL, May 26, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc. (OTCMARKETS: MCIG) (GERMAN EXCHANGE: M06.SG), emerginginnovator of products, technologies, and services for the rapidly growing robotics industry - announced today the acquisition of DBOT Technology Corp (DBOT).

DBOT 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 DBOT 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, Companys 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 articlehttps://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 worlds 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 Brse 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 http://www.bots.bz

Visit us on Facebook @https://www.facebook.com/Bots.Bz/

Follow us on Twitter @Bots_bz

Forward-Looking Statements

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 Companys 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 Companys 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 http://www.sec.gov and on the Companys website at http://www.bots.bz.

Contact:

Paul Rosenberg

paul@mciggroup.org

Go here to see the original:
BOTS Inc. Announces Acquisition of D'BOT Technology Corp to Make Cryptocurrency Trading Safer and More Accessible to the Public - GlobeNewswire

New York, May 25, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Global Cryptocurrency Mining Hardware Market 2020-2024 https://www.reportlinker.com/p05772590/?utm_source=GNW Our reports on cryptocurrency mining hardware market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising popularity of mining pools, increasing number of product launches, and growing demand for cryptocurrency-specific hardware. In addition, rising popularity of mining pools is anticipated to boost the growth of the market as well. The cryptocurrency mining hardware market analysis include product segment and geographic landscapes

The cryptocurrency mining hardware market is segmented as below: By Product ASIC GPU

By Geographic Landscapes APAC North America Europe South America MEA

This study identifies the increasing popularity of ICOs as one of the prime reasons driving the cryptocurrency mining hardware market growth during the next few years. Also, use of clean energy to mine cryptocurrency, and market capitalization will lead to sizable demand in the market. The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our cryptocurrency mining hardware market covers the following areas: Cryptocurrency mining hardware market sizing Cryptocurrency mining hardware market forecast Cryptocurrency mining hardware market industry analysis

Read the full report: https://www.reportlinker.com/p05772590/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need instantly, in one place.

__________________________

Here is the original post:
The Global Cryptocurrency Mining Hardware Market is expected to grow by $ 2.80 bn during 2020-2024 progressing at a CAGR of 7% during the forecast...

In 2019 Google Trends, Lagos, Nigeria was the number one city based on online search volumes for Bitcoin worldwide. While recently, in May 2020, Arcade Research ranked Nigeria fifth globally with its 11% of connected Nigerians owning or using cryptocurrencies.

In addition, data obtained from Coinmarketcap recently revealed the largest cryptocurrency users around the world, with Nigeria surging by 46% among itsyouth users. As a country, it gains stood Nigeria Up 211%.

READ ALSO: Lunobreaks barrier, allowsEthereum/Naira trading pair

These trends have shown that Nigerians do have a high passion for digital currencies and are among the greatest users of cryptocurrencies in the world. This is based on a major fact that Nigerians are using cryptos to avoid expensive and heavily bureaucratic money transfer systems currently available. Many Nigerians rely on remittances for their daily activities and any way of making the process effective cheaper would be of great benefit to them, this is where Bitcoin comes in

What you need to know: Cryptocurrency is basically, a digital currency based on an innovative technology called the blockchain. Its users range from small businesses to process payments, financial tech-based startups, and retail consumers that use it to send money across the border and as an investment asset.

READ ALSO: Bitcoin hits $10,000, as cheap money floods financial market

Consequently, Asias arguably most popular cryptocurrency exchange listed Nigerias Naira to be first African currency supported on its Binance P2P platform, The Binance CEO said:

We no longer need to bank the unbanked. We can empower them with cryptocurrency financial services directly. Nigeria is a vibrant innovation hub with a great passion for cryptocurrencies. We strive to provide the easiest cryptocurrency access and best trading service for the African community, and P2P trading is a more flexible approach, giving users the freedom to choose their payment methods and counterparty in a trade.

However Nigerias central bank issued a statement about three years ago banning the use of bitcoin for transaction purposes, this statement was sent to all banks in Nigeria warning them against facilitating the trading of cryptocurrencies but that seems not to pause Nigerians growing love for cryptocurrencies.

See more here:
Tether, the most promising stable coin, now the third most valuable cryptocurrency - Nairametrics

As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes.

Circumstances vary, but the real motivation leans more toward facilitating increased investment within the respective jurisdictions cryptocurrency industries, perhaps as a base for future taxation. For now, that has not happened yet. Heres a list of eight countries in no order of importance which may be considered as bitcoin tax havens, states that dont want your BTC investment gains.

In Portugal, tax authorities waived all tax on cryptocurrency trading and transacting meaning that individuals do not have to pay capital gains tax or value added tax (VAT), when buying or selling BTC and other digital assets. The Portugal Tax Authority (PTA) said an exchange of cryptocurrency for real currency constitutes an on-demand, VAT-free exercise of services.

While citizens are under no obligation to pay income tax when exchanging crypto for fiat, the PTA, however, indicated that businesses which accept digital currencies as payment for goods and services are liable to paying taxes such as VAT and income tax. The income tax relief makes Portugals laws some of the most favourable throughout the world, given how income tax is a huge expense on the accounts of most crypto traders.

If you hold bitcoin for one year or more in Germany, you wont have to pay any taxes. Regardless of how much money you make selling your BTC, you do not pay capital gains as long as you have held your coins for a period exceeding 12 months.

Europes biggest economy regards BTC as private money, contrary to the widespread view in most developed countries, which look at crypto as currency, commodity or equity. In Germany, private sales that do not exceed 600 euros ($654) are tax-free. Businesses, however, are still obliged to pay taxes on gains emanating from bitcoin through corporate income taxes.

Both individuals and corporates who hold BTC or other digital assets as a long-term investment are not taxed in Singapore simply because capital gains tax does not exist in the city-state itself.

However, enterprises based in Singapore are liable to income tax, should they be involved in cryptocurrency trading as a core business. Those that opt for bitcoin as payment for services rendered, or revenue, are subject to normal income tax rules. Companies are taxed on the profit generated within Singapore.

As with neighboring Singapore, there are no capital gains tax in Malaysia. Cryptocurrency trades involving cash or another digital asset are not taxed in the Southeast Asian country. However, this will likely change if BTC is recognized as legal tender in Malaysia, as has been rumoured in the local press in recent months.

In the Eastern European country of Belarus, a new law that came into effect in March 2018 legalized cryptocurrency, exempting individuals and businesses from any form of taxation for dealing in or with digital financial assets in whatever way, at least until 2023.

Individual activities such as mining or buying and selling of crypto, are considered personal investments, and therefore, are not subject to tax. Similarly, registered businesses operating in the special economic zone of High Technologies Park near the capital Minsk, involved in mining, trading, initial coin offerings or other crypto-related operations are not taxed.

For Slovenia, the tax system for individuals and companies involved with BTC is rather different. While no capital gains is levied on citizens for the sale of bitcoin and other cryptocurrencies, they are still expected to pay income tax regardless of the currency being exchanged. However, companies that receive payment in BTC or from crypto mining are required to pay tax at the corporate tax rate.

The taxation of corporations depend on the circumstances of a particular case and the information provided in the declaration: income recipient status; type of income. If profits are recognized as capital gains, then the tax is 19%, say experts.

The famed blockchain island of Malta does not tax long-held digital currencies, either for capital gains or VAT. However, crypto trades executed within the day are considered similar to day trading in stocks or foreign exchange, attracting tax as business income at the rate of 35%.

Malta is perhaps one of the most crypto-friendly countries in the world, initiating legislation that has legalized a variety of crypto operations in the country. The government recognizes bitcoin as a unit of account, medium of exchange, or a store of value.

In Switzerland, one of Europes crypto havens, qualified individuals that buy, sell or hold cryptocurrencies for personal benefit are not required to pay tax on their capital gains. However, income from mining, considered self-employment income, is taxed through income tax. Profitable crypto trading by qualified professionals is subject to corporate tax while wages paid in bitcoin must be declared for income tax purposes.

What do you think about bitcoin taxation around the world? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read this article:
Eight Countries That Don't Tax Your Bitcoin Gains | Finance Bitcoin News - Bitcoin News

CMI announced that its published an exclusive report namelyGlobal Cryptocurrency Mining Equipment Marketby Manufacturers, Regions, Type and Application, Forecast to 2027 in its research database with report summary, table of content, research methodologies and data sources. The research study offers a substantial knowledge platform for entrants and investors as well as veteran companies, manufacturers functioning in the WorldwideCryptocurrency Mining EquipmentMarket. This is an informative study covering the market with in-depth analysis and portraying the current state of affairs in the industry.

You Keep Your Social Distance And We Provide You A SocialDISCOUNTUseQUARANTINEDAYSCode In Precise Requirement And GetFLAT $1,000OFFOn AllCMI Reports

Read Summary Of Cryptocurrency Mining Equipment Market Report @ Cryptocurrency Mining Equipment Market

The report presents an overview of Cryptocurrency Mining Equipment Market consist of objectives study and definition of Cryptocurrency Mining Equipment. The next section focuses on market size, region-wise Cryptocurrency Mining Equipment production value ($) and growth rate estimation from 2020-2027. Manufacturers are taking innovative strategies to increase the market share of their products. The success of new product launches is expected to speedup players for business growth.

Key Manufacturers Analysis:Advanced Micro Devices, Inc., Russian Miner Coin, Halong Mining, Zhejiang Ebang Communication Co., Ltd, NVIDIA Graphics Pvt. Ltd., Bitmain Technologies Ltd, SBI Group, Bitfury, TSMC, Canaan Creative Co. Ltd, Global Foundries, and United Microelectronics Corporation.

The top manufacturers, exporters, and retailers (if applicable) around the world are analyzed for this research report with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

We do provide Sample of this report, Please go through the following information in order to request Sample Copy

ThisReportSampleIncludes

Get Sample Copy Of This Report @ https://www.coherentmarketinsights.com/insight/request-sample/1411

Cryptocurrency Mining Equipment Market 2020 Forecast to 2027 Market Segment by Regions, regional analysis covers

Cryptocurrency Mining Equipment MarketTaxonomy:

Global Cryptocurrency Mining Equipment Market, By Equipment:

Global Cryptocurrency Mining Equipment Market, By Mining Type:

Following market aspects are enfolded in Global Cryptocurrency Mining Equipment Market Report:

A wide summarization of the Global Cryptocurrency Mining Equipment Market. The present and forecasted regional market size data based on applications, types, and regions. Market trends, drivers and challenges for the Global Cryptocurrency Mining Equipment Market. Analysis of company profiles of Top major players functioning in the market.

Cryptocurrency Mining Equipment Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Cryptocurrency Mining Equipment Market players in detail.Cryptocurrency Mining Equipment Market report gives key bits ofCautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.

Note: Request Discount option enables you to get the discounts on the actual price of the report. Kindly fill the form, and one of our consultants would get in touch with you to discuss your allocated budget, and would provide discounts.

UseQUARANTINEDAYSCode In Precise Requirement And GetFLAT $1,000OFFOnThisReports

Ask Discount Before Purchasing @ https://www.coherentmarketinsights.com/insight/request-discount/1411

Key questions answered in Report:-

Cryptocurrency Mining Equipment Business Analysis Including Size, Share, Key Drivers, Growth Opportunities and Trends 2020- 2027 Consumption Analysis of Cryptocurrency Mining Equipment, Guidelines Overview and Upcoming Trends Forecast till 2027 Cryptocurrency Mining Equipment Market Top Companies Sales, Price, Revenue and Market Share Outlook Cryptocurrency Mining Equipment Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2027 Analytical Overview, Growth Factors, Demand and Trends Cryptocurrency Mining Equipment by Technology, Opportunity Analysis and Industry Forecasts, 2020- 2027 Analysis Covering Market Size, Growth Factors, Demand, Trends and Forecast Cryptocurrency Mining Equipment Overview, Raw Materials Analysis, Market Drivers and Opportunities In-depth Research on Market Size, Trends, Emerging Growth Factors and Forecasts.

Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.

Contact Us:

Mr. ShahCoherent Market Insights1001 4th Ave, #3200 Seattle, WA 98154Tel: +1-206-701-6702Email: sales@coherentmarketinsights.com

AlsoCheckout our latest Blog at: http://bit.ly/Sumit

More:
Get In Depth Analysis Of How Covid-19 Is Impacting The Cryptocurrency Mining Equipment Market - Surfacing Magazine