[2015-01-23] Winklevoss Twins Aim to Take Bitcoin Mainstream With a Regulated Ex

[zakoliverz]

http://dealbook.nytimes.com/2015/01/22/winklevoss-twins-aim-to-take-bitcoin-mainstream-with-a-regulated-exchange/?_r=0

Bitcoin, the virtual currency that was once the talk of the financial world, has been taking a beating over the last year with the price tumbling downward.

Now two of the biggest boosters of the virtual currency, Cameron and Tyler Winklevoss, are trying to firm up support by creating the first regulated Bitcoin exchange for American customers — what they are calling the Nasdaq of Bitcoin.

The brothers, who received $65 million in Facebook shares and cash in 2008 after jousting with its founder, Mark Zuckerberg, have hired engineers from top hedge funds, enlisted a bank and engaged regulators with the aim of opening their exchange — named Gemini, Latin for twins — in the coming months.

[MemoryShock]

Interesting.  Nice to see that they are still proactive but...

“Our philosophy is to ask for permission, not forgiveness,” Cameron Winklevoss said.

...seems antithetical.  I kind of don't really think that their efforts won't bring a price rally and future confidence but I wonder what the price of that price will be...

Interesting times...

[LiteCoinGuy]

http://www.coindesk.com/winklevoss-twins-plan-regulated-us-bitcoin-exchange/

https://blog.gemini.com/welcome-to-gemini/

I suspect they will have serious competition from London come March 18th when George Osborne lays out the UK government roadmap for Bitcoin with "the aim of keeping London the capital of world financial technology"

[msb17]

Is there another Facebook moment coming up for the Winklevoss'?
https://bitcointalk.org/index.php?topic=936345.msg10232503

Looks like Coinbase beat them to it.

[DooMAD]

http://www.coindesk.com/winklevoss-twins-plan-regulated-us-bitcoin-exchange/

https://blog.gemini.com/welcome-to-gemini/

I suspect they will have serious competition from London come March 18th when George Osborne lays out the UK government roadmap for Bitcoin with "the aim of keeping London the capital of world financial technology"

Gideon Osborne has never been serious competition for anything, unless it was a contest of who can increase inequality the fastest by fleecing the public.  It's a pity he failed so miserably in his attempt at a career in journalism, otherwise we might not have to put up with him.

[cr1776]

>a Regulated Ex

I would really like to have a regulated ex, but instead I just have a crazy one.

[Ludi]

http://www.coindesk.com/winklevoss-twins-plan-regulated-us-bitcoin-exchange/

https://blog.gemini.com/welcome-to-gemini/

I suspect they will have serious competition from London come March 18th when George Osborne lays out the UK government roadmap for Bitcoin with "the aim of keeping London the capital of world financial technology"

Pfft. What politicians say and do are two entirely different matters. Besides, we don't know if bitcoin is included in his vision of London being the 'Capital of Financial Technology'.