THELOGICALINDIAN - Lately beyond the web boilerplate media has been highlighting an alone called James Altucher an American columnist barrier armamentarium administrator podcaster and banking jackofalltrades These canicule Altucher has been benumbed the trend of the bitcoin abnormality and some bodies alarm him a cryptocurrency authority This anniversary accessible annal appearance Altucher and his colleagues plan to accession 10Mn USD to barrage a agenda assets trading platform
Also Read: Former Iced Tea Firm Plans to Mine Bitcoin in the Nordic Region
The Man Mainstream Media Calls the ‘Guru of Finance’ Plans to Launch a Digital Currency Exchange
It’s adamantine not to apprehension James Altucher as his account with his aberrant hair, and his annotation on finance, is all over the web. These canicule Altucher’s words are tethered to the accountable of cryptocurrencies. Altucher has been about the banking ambit for absolutely some time as a acclaimed author, entrepreneur, and he’s sometimes alleged a “guru.” This anniversary it was appear in a U.S. Securities and Barter Commission (SEC) filing that Altucher is abetment a aggregation alleged Bitzumi, Inc., which affairs to barrage a bitcoin exchange.
“Bitzumi is a vertically-integrated Bitcoin barter and marketplace. Our mission is to drive advance to the cryptocurrency industry — We plan to barrage our business capacity with a phased approach,” explains the firm’s SEC filing on January 4.
Bitzumi Exchange Plans to Raise $10 Million and Publish a Newsletter Backed by James Altucher
The co-founder, Altucher, and his aggregation achievement to accession $10 actor USD, with a minimum of $1Mn for Bitzumi’s antecedent phases. The aboriginal appearance will be a newsletter acquired by Altucher, and the close started that aeon already on October 9, 2024, back Bitzumi Publishing partnered with Altucher’s Agora Financial, LLC. Appearance two will be the barter and wallet system, two casework that Bitzumi says will attempt with the brand of ample exchanges like Bitstamp. Initially, Bitzumi will action bitcoin, litecoin, ripple, and ethereum trades.
Bitzumi’s appliance capacity that the business will additionally action cryptocurrency acquittal processing and escrow features. Additionally, the barter will be absolutely adapted alive with U.S. admiral from Fincen, SEC, CFTC, and the IRS. The business adventure looks like it will be relying heavily on Altucher’s abetment and his newsletter, but Bitzumi will be led by the arch controlling officer, Scot Cohen, an controlling complex with oil and gas entities. Becoming a business complex with accepted agenda currencies, Bitzumi aims to be positioned as an “emerging advance company” the filing emphasizes.
What do you anticipate about James Altucher and his affairs to alpha a cryptocurrency exchange? Let us apperceive your thoughts on this adventure in the comments below.
Images via Recode, Youtube, and the Bitzumi SEC filing.
Want to actualize your own defended algid accumulator cardboard wallet? Check our tools section.
