Investor James Altucher to launch cryptocurrency exchange

American hedge fund manager James Altucher plans to raise funds to launch a digital asset trading platform
07 January 2018   462

James Altucher is an American Wall Street investor, hedge fund manager, entrepreneur, best-selling author, venture capitalist, and podcaster, who has founded or co-founded more than 20 companies. He is widely promoting the idea of Bitcoin stating that the future belongs to cryptocurrency and blockchain.

And ALL of logistics will be replaced by Bitcoin (e.g. UPS is replacing all of their internal logistics (tracking millions of packages every day going from millions of locations to millions of other locations) by Bitcoin technology. There’s nothing behind paper money or gold like this.

James Altucher blog post

In the beginning of January of 2018 it was revealed in a U.S. Securities and Exchange Commission filing that Altucher is backing a company called Bitzumi, Inc., which plans to launch a Bitcoin exchange, and Altucher and his colleagues plan to raise $10M to start a crypto trading platform.

Initially, our primary focus will be to develop a publishing and marketing company to educate potential Bitzumi exchange/wallet consumers, and to gain name recognition — Ultimately, we intend for our primary product to be our cryptocurrency exchange and digital storage — We also plan to develop various educational and information products and newsletters focusing on the cryptocurrency industry.

U.S. Securities and Exchange Commission filing

As it is stated in the filing, BTC, LTC, Ripple and ETH trading will be initially available on Bitzumi, and the exchange will be fully regulated working with U.S. officials from Fincen, SEC, CFTC, and the IRS.

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   204

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.