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Winklevoss Twins Plan Regulated Bitcoin Exchange

Posted by timothy on from the trust-us-there-are-two-of-us dept.

itwbennett writes They of the square jaws and famous dispute with Mark Zuckerberg over the origins of Facebook, are also believed to be among the largest holders of Bitcoin in the world. Now they want to launch a regulated Bitcoin exchange—named Gemini, of course. To bolster confidence, they said they have formed a relationship with a chartered bank in the state of New York. "This means that your money will never leave the country," the twins wrote in a blog post. "It also means that U.S. dollars on Gemini will be eligible for FDIC insurance and held by a U.S.-regulated bank.

3 of 80 comments (clear)

  1. Tech world by amightywind · · Score: 2, Interesting

    Are there 2 people who have less to offer the tech world than the Winklevi?

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    an ill wind that blows no good
  2. Re:Nobody should trust these scammers by spire3661 · · Score: 3, Interesting

    Thats the thing. They could go on and just be happy successful businessmen, but noooo they have to be known....

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    Good-bye
  3. Re:so many problems with this idea by Anonymous Coward · · Score: 2, Interesting

    but all Bitcoin does is spawn scams or payment gateways that evolve into PayPal equivalents (once they're big enough they cut Bitcoin out of the loop).

    Example of a gateway which spawned from Bitcoin and no longer supports Bitcoin?