Gemini Bitcoin Exchange of Winklevoss Twins Gets NYDFS Approval
Gemini, a New York-based bitcoin exchange being developed by the Winklevoss twins of Facebook-fame, just received approval from the New York Department of Financial Services (NYDFS). Many investors had been waiting with bated breath for this announcement, following the implementation of New York's BitLicense which has posed regulatory challenges for some cryptocurrency startups. The agency granted approval for Gemini's Articles of Organization and its application for exemption from the deposit insurance requirements of Section 32 of the Banking Law, based on the NYDFS Weekly Banking....
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Bitcoin Analysis. Bitcoin has been increasing consistently over the last seven days, to a currency price of $244.58. The last time we saw this price was before the crash where Bitcoin took a 40% dive in two days, which is discussed in the previous Market Summary. We started this week with Bitcoin under $200, and has increased by approximately 25% over the duration of this week which I believe is due to one critical information of news: the Winklevoss Twins. Gemini: Winklevoss Twins Exchange. The Twins originally got into Bitcoin in 2012 reportedly having $11 million in Bitcoin, and in 2013....
On July 21, 2015, Tyler and Cameron Winklevoss, the founders of Winklevoss Capital, filed an application with the New York Department of Financial Services (NYDFS) on behalf of Gemini Trust Company, LLC, which will operate as a New York Limited Liability Trust Company. According to a spokesperson, the Gemini exchange will be open to the general public as well as institutional investors once a Certificate of Authorization is issued by the NYDFS. Evan Greebel of Kaye Scholer is advising on this launch. This trust company structure is the same one used by NY-based bitcoin exchange itBit,....
The Winklevoss Twins always have something going on. With their New-York based bitcoin exchange Gemini (which debuted earlier this month on October 8th), publicity has practically marched into their laps. It was amongst the first of only a small handful of bitcoin companies to earn approval from the New York Department of Financial Services (NYDFS) following the integration of the long-dreaded BitLicense, first brought to light through the actions of former Big Apple Superintendent Benjamin Lawsky. Cameron and Tyler have also revealed plans to take Gemini further by making it a national....
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....
As founders of bitcoin and ether exchange Gemini, the Winklevoss Twins graced us with their presence on Fox Business. The interview was lackluster and so was their “vision.” Are these guys still relevant? Ok ok, we get it. You guys almost had your day in the sun with Facebook…and it didn’t work out. So since you guys “discovered” cryptos a few years back you may have found a method to legitimize your position in tech. Not with lame, day-old insight like this fellas. Recently on Fox Business, the Winklevoss Twins gave an interview from the SALT Conference in Las Vegas. The topic was their....