Winklevoss Twins Plan Regulated US Bitcoin Exchange
The Winklevoss brothers have revealed plans for a fully-regulated US bitcoin exchange called Gemini, saying they will be financing the venture from their own pockets. The company, named after the Latin word and zodiac sign for twins, as well as NASA's precursor to the moon-shot Apollo program, promises to be a "next-generation bitcoin exchange". Gemini is aimed squarely at the sensibilities of individual and institutional US customers who have had reservations about bitcoin's legitimacy or are reluctant to wire money overseas to obtain it. Appeal for US investors. The exchange is "New York....
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Cameron and Tyler Winklevoss, leaders of Bitinstant’s seed funding, have proposed an idea that should shake a few heads in the bitcoin community. Many people use bitcoin for its decentralized and unregulated nature, but the Winklevoss Twins have proposed creating a regulated Bitcoin exchange in the United States. The Winklevoss twins became well known for their lawsuit against Facebook creator Mark Zuckerberg, in which they received a $65 million dollar settlement. As of right now, they are trying to open their exchange, Gemini, which should debut in the coming months. The Winklevoss....
So yesterday morning George Kikvadze, vice chairman of the board and adviser at bitcoin infrastructure company BitFury, announced on Twitter that we would see an SEC regulated bitcoin exchange launched on the NASDAQ over the next month or so: Just learned at a private dinner there will be a new SEC Regulated @Bitcoin ETF Fund launched on @Nasdaq in the next 4 weeks !!! - George Kikvadze (@BitfuryGeorge) January 22, 2015. Initial reaction to the Tweet was cagey, with a number of his followers suggesting that - unless this announcement came into being - it could seriously damage Kikvadze's....
Two big names from two different sectors, but still united by one common topic- Winklevoss Twins, known for their involvement in the Bitcoin industry and Nathaniel Popper, for his extensive coverage of Bitcoin in the New York Times and his recent book on Bitcoin titled "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to reinvent Money" - were together at the GeneralAssemb.ly event organized yesterday in New York. The Winklevoss Twins were interviewed by Nathaniel Popper, asking them a few questions about their start-up and the Bitcoin economy. Winklevoss....
Surely by now you've heard of the bitcoin ETF (exchange-traded fund) created by Cameron and Tyler Winklevoss, the twins who made claims that Facebook's Mark Zuckerberg stole their social network idea. Some changes may be in order, according to the ETF's lawyer, Kathleen H. Moriarty of the Katten Muchin Rosenman LLP law firm. Moriarty said this week she is "in dialogue" with regulators at the Securities and Exchange Commission (SEC) to revise the ETF plan. According to Moriarty, revisions to ETFs can take several years of waiting, between resubmitting applications and receiving comments....
Bitcoin didn’t have its best day yesterday when the Securities Exchange Commission (SEC) issued its first decision on a bitcoin exchange-traded fund (EFT) by rejecting the Winklevoss ETF. But the Winklevoss twins are hopeful that the commission will come around to working with them on bringing an EFT to market. An ETF would allow investors to invest in bitcoin the way they purchase funds that track tangible currencies. Tyler Winklevoss released a statement saying they look forward to working with the SEC, noting they are determined to continue the project they began four years ago. He said....