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May 10, 2018, 02:08:26 PM |
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Firstly, they received a patent for the system of servicing cryptocurrency derivatives, and secondly, they reacted very sharply to the recent comment by Bill gates about ICO and tokens.
The Winklevoss brothers received a patent for the system of servicing cryptocurrency derivatives
The founders of the Gemini exchange and management of a company IP Winklevoss brothers Cameron and Tyler Winklevoss received a patent for a new cryptosystem. They have developed a new method of calculation for exchange traded products (ETP) containing cryptocurrencies.
ETPs include, for example, exchange traded funds (ETFs). ETP is a type of security whose price is determined by the other investment instruments to which it is attached, in the case of the Winklevoss brothers project — cryptocurrencies.
The system will allow to process transactions with ETP containing such cryptocurrencies as "Bitcoin, Ripple, Dogecoin, Ethereum", as well as a number of less popular altcoins, for example, BBQCoin.
The us patent and trademark office has considered the application for just over a year.
The new project is another step of the Winklevoss brothers on the way to developing tools that will allow institutional investors to interact with the cryptocurrency market.
Cameron and Tyler are longtime advocates of the cryptocurrency industry. They could not ignore the recent comment by Microsoft co-founder bill gates. He called cryptocurrency and pure water ICO madness and speculation and said he would "short bitcoin if he could".
In his tweet, Tyler Winklevoss explained to the founder of Microsoft that it is already possible to short the digital currency using CBOE Futures contracts issued in December last year, and he did not miss the opportunity to remind bill gates of CBOE futures contracts.
Source cryptofeed.ru
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