Finance ‘Guru’ James Altucher Is Launching a Cryptocurrency Exchange
Lately across the web, mainstream media has been highlighting an individual named James Altucher an American author, hedge fund manager, podcaster, and financial jack-of-all-trades. These days Altucher has been riding the trend of the bitcoin phenomenon, and some people call him a “cryptocurrency guru.” This week, public records show Altucher and his colleagues plan to raise $10Mn USD to launch a digital assets trading platform.
The Man Mainstream Media Calls the 'Master of Finance' Plans to Launch a Digital Currency Exchange
It's hard not to see James Altucher as his photo with his erratic hair, and his analysis on back, is everywhere throughout the web. Nowadays Altucher's words are fastened to the subject of cryptographic forms of money. Altucher has been around the budgetary circuit for a long while as an outstanding creator, business visionary, and he's occasionally called a "master." This week it was uncovered in a U.S. Securities and Exchange Commission (SEC) documenting that Altucher is backing an organization called Bitzumi, Inc., which intends to dispatch a bitcoin trade.
"Bitzumi is a vertically-coordinated Bitcoin trade and commercial center. Our main goal is to drive development to the digital currency industry — We intend to dispatch our business divisions with a staged approach," clarifies the company's SEC recording on January 4.
Bitzumi Exchange Plans to Raise $10 Million and Publish a Newsletter Backed by James Altucher
The prime supporter, Altucher, and his organization plan to raise $10 million USD, with at least $1Mn for Bitzumi's underlying stages. The principal stage will be a pamphlet obtained by Altucher, and the firm began that time frame as of now on October 9, 2017, when Bitzumi Publishing cooperated with Altucher's Agora Financial, LLC. Stage two will be the trade and wallet framework, two administrations that Bitzumi says will rival any semblance of huge trades like Bitstamp. At first, Bitzumi will offer bitcoin, litecoin, swell, and ethereum exchanges.
Bitzumi's application subtle elements that the business will likewise offer digital currency installment preparing and escrow highlights. Furthermore, the trade will be completely controlled working with U.S. authorities from Fincen, SEC, CFTC, and the IRS. The business wander appears as though it will depend intensely on Altucher's support and his pamphlet, however Bitzumi will be driven by the CEO, Scot Cohen, an official required with oil and gas substances. Turning into a business required with well known computerized monetary standards, Bitzumi intends to be situated as a "developing development organization" the recording underscores.
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