Coinbuddy (OP)
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January 23, 2015, 07:02:54 AM |
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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.
The exchange, which the twins have financed themselves, is a risky bet, given that the virtual currency industry has been a target of hackers and has faced existential questions about its legitimacy. But the brothers are betting that the currency will be able to rise again if it follows the same playbook as the more established financial industry.
“Right now we have to build the infrastructure,” Tyler Winklevoss said. “You have to walk before you run.”
Read more:http://dealbook.nytimes.com/2015/01/22/winklevoss-twins-aim-to-take-bitcoin-mainstream-with-a-regulated-exchange/?_r=0
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Swordsoffreedom
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Leading Crypto Sports Betting & Casino Platform
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January 23, 2015, 07:27:13 AM |
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Well they have been working on that ETF for quite some time now Getting coinbase and the NYSE on it was a step forward so I'm looking forward to when there actually is an exchange set up. Besides if it has these ridiculous returns later it will be a capital swarm ^^
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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maurya78
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January 23, 2015, 07:34:47 AM |
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Old hat that I have been hearing forever I will believe it the day the ETF actually launches to the retail public
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kelsey
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January 23, 2015, 08:11:06 AM |
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Old hat that I have been hearing forever I will believe it the day the ETF actually launches to the retail public
its because it takes forever and a day to go through the regulation hoops and was never going to happen in a day. past the last few hurdles now but still 6mth ish away.
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LiteCoinGuy
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January 23, 2015, 02:17:29 PM |
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Old hat that I have been hearing forever I will believe it the day the ETF actually launches to the retail public
its because it takes forever and a day to go through the regulation hoops and was never going to happen in a day. past the last few hurdles now but still 6mth ish away. exactly. they are pioneers.
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ChuckBuck
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January 23, 2015, 02:21:10 PM |
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Old hat that I have been hearing forever I will believe it the day the ETF actually launches to the retail public
Actually this bit of news, it actually brand new. A new Bitcoin based fully regulated and fully compliant exchange based in New York: https://blog.gemini.com/welcome-to-gemini/A NYSE or NASDAQ for Crypto, if you will. This is totally unrelated to the COIN ETF that's launching sometime this year, this is a full on exchange, where both Institutions and Individuals can take part. This is not old hat, this is actually a pretty major news story.
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knight22
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January 23, 2015, 02:23:35 PM |
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Buckle up everyone. Shit is getting real ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 23, 2015, 02:40:12 PM |
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What is their definition of a regulated exchange?
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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ChuckBuck
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January 23, 2015, 02:41:56 PM |
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What is their definition of a regulated exchange?
AML, KYC, FINRA, NY Bitlicense and all that good jazz... Just legit all the away around.
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knight22
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January 23, 2015, 02:46:26 PM |
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What is their definition of a regulated exchange?
AML, KYC, FINRA, NY Bitlicense and all that good jazz... Just legit all the away around. And the ETF on top of it.
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Q7
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January 23, 2015, 03:32:29 PM |
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I don't know how they are going to make it regulated in a way. Or in a way, does bitcoin need to be regulated in the first place? Even if they have managed to do that, what impact would it bring especially when you already have tons of other bitcoin exchangers around.
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 24, 2015, 03:01:16 AM |
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What is their definition of a regulated exchange?
AML, KYC, FINRA, NY Bitlicense and all that good jazz... Just legit all the away around. And the ETF on top of it. Bitstamp had KYC and did all the due diligence that FINRA and Bitlicense would require. This doesn't make me feel warm and fuzzy.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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DoubleTrouble
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January 24, 2015, 03:03:10 AM |
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This will be really good when it's finally up. I believe it will help the overall bitcoin price.
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mayax
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January 24, 2015, 03:07:24 AM |
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This will be really good when it's finally up. I believe it will help the overall bitcoin price.
BUT Bitcoin was made with other AIM, you hypocrites (according to the BTC hard core). Bitcoin was made for freedom, right? All over you can read " Bitcoin is anonymity, Bitcoin is not like a bank, Bitcoin bla bla"Are not these your beliefs?Are you not libertarian anymore? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If so, why are you excited about a REGULATED market? Why would someone use ANOTHER regulated market ? There is a VERY big one outside of Bitcoin. You can use it right now. There are a lot of Forex, Stock markets, ALL OF THEM ARE ALREADY REGULATED. A regulated market means ALL the papers that a bank requires you now. Nothing more, nothing less. you will be reported to IRS(or similar tax authorities, you will be reported for so called suspicious transactions, etc) . REGULATED = CENTRALIZED and everywhere i see on this forum, it is written: "we want DE-centralized services " Why do you still use Bitcoin if you want all of these, you hypocrites ?
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DoubleTrouble
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January 24, 2015, 03:20:58 AM |
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This will be really good when it's finally up. I believe it will help the overall bitcoin price.
BUT Bitcoin was made with other AIM, you hypocrites (according to the BTC hard core). Bitcoin was made for freedom, right? All over you can read " Bitcoin is anonymity, Bitcoin is not like a bank, Bitcoin bla bla"Are not these your beliefs?Are you not libertarian anymore? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If so, why are you excited about a REGULATED market? Why would someone use ANOTHER regulated market ? There is a VERY big one outside of Bitcoin. You can use it right now. There are a lot of Forex, Stock markets, ALL OF THEM ARE ALREADY REGULATED. A regulated market means ALL the papers that a bank requires you now. Nothing more, nothing less. you will be reported to IRS(or similar tax authorities, you will be reported for so called suspicious transactions, etc) . REGULATED = CENTRALIZED and everywhere i see on this forum, it is written: "we want DE-centralized services " Why do you still use Bitcoin if you want all of these, you hypocrites ? In the world we must however compromise. If bringing in a regulated market means greater overall use of bitcoin with wider availability then so be it. We do not have to use that specific exchange or market, we have the choice of what we want to use this for. As far as I am concerned it is still the same bitcoin, things have not changed other than one other exchange being there which will help bitcoin become more widely accepted. Is this not what people want as well?
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 24, 2015, 03:29:24 AM |
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This will be really good when it's finally up. I believe it will help the overall bitcoin price.
BUT Bitcoin was made with other AIM, you hypocrites (according to the BTC hard core). Bitcoin was made for freedom, right? All over you can read " Bitcoin is anonymity, Bitcoin is not like a bank, Bitcoin bla bla"Are not these your beliefs?Are you not libertarian anymore? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If so, why are you excited about a REGULATED market? Why would someone use ANOTHER regulated market ? There is a VERY big one outside of Bitcoin. You can use it right now. There are a lot of Forex, Stock markets, ALL OF THEM ARE ALREADY REGULATED. A regulated market means ALL the papers that a bank requires you now. Nothing more, nothing less. you will be reported to IRS(or similar tax authorities, you will be reported for so called suspicious transactions, etc) . REGULATED = CENTRALIZED and everywhere i see on this forum, it is written: "we want DE-centralized services " Why do you still use Bitcoin if you want all of these, you hypocrites ? WTF are you talking about? Exchanges are for exchanging fiat. We have wallets for exchanging bitcoins. The only wallets for fiat are in your purse, you silly goose.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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mayax
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January 24, 2015, 03:35:51 AM |
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This will be really good when it's finally up. I believe it will help the overall bitcoin price.
BUT Bitcoin was made with other AIM, you hypocrites (according to the BTC hard core). Bitcoin was made for freedom, right? All over you can read " Bitcoin is anonymity, Bitcoin is not like a bank, Bitcoin bla bla"Are not these your beliefs?Are you not libertarian anymore? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If so, why are you excited about a REGULATED market? Why would someone use ANOTHER regulated market ? There is a VERY big one outside of Bitcoin. You can use it right now. There are a lot of Forex, Stock markets, ALL OF THEM ARE ALREADY REGULATED. A regulated market means ALL the papers that a bank requires you now. Nothing more, nothing less. you will be reported to IRS(or similar tax authorities, you will be reported for so called suspicious transactions, etc) . REGULATED = CENTRALIZED and everywhere i see on this forum, it is written: "we want DE-centralized services " Why do you still use Bitcoin if you want all of these, you hypocrites ? WTF are you talking about? Exchanges are for exchanging fiat. We have wallets for exchanging bitcoins. The only wallets for fiat are in your purse, you silly goose. How will you fund or cash out BTC, Mr. SmartAss? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will you make a magic for that? You will need an exchanger, grandpa You will tell me the old story now: that you use BTC for buying anything you want and you don't need cash, you hypocrite ! lol Well, I have a bad news for you, grandpa. BTC is not used for that. BTC is used for speculation and black market. Please stay away of drugs for a while.
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 24, 2015, 04:09:31 AM |
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This will be really good when it's finally up. I believe it will help the overall bitcoin price.
BUT Bitcoin was made with other AIM, you hypocrites (according to the BTC hard core). Bitcoin was made for freedom, right? All over you can read " Bitcoin is anonymity, Bitcoin is not like a bank, Bitcoin bla bla"Are not these your beliefs?Are you not libertarian anymore? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If so, why are you excited about a REGULATED market? Why would someone use ANOTHER regulated market ? There is a VERY big one outside of Bitcoin. You can use it right now. There are a lot of Forex, Stock markets, ALL OF THEM ARE ALREADY REGULATED. A regulated market means ALL the papers that a bank requires you now. Nothing more, nothing less. you will be reported to IRS(or similar tax authorities, you will be reported for so called suspicious transactions, etc) . REGULATED = CENTRALIZED and everywhere i see on this forum, it is written: "we want DE-centralized services " Why do you still use Bitcoin if you want all of these, you hypocrites ? WTF are you talking about? Exchanges are for exchanging fiat. We have wallets for exchanging bitcoins. The only wallets for fiat are in your purse, you silly goose. How will you fund or cash out BTC, Mr. SmartAss? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will you make a magic for that? You will need an exchanger, grandpa You will tell me the old story now: that you use BTC for buying anything you want and you don't need cash, you hypocrite ! lol Well, I have a bad news for you, grandpa. BTC is not used for that. BTC is used for speculation and black market. Please stay away of drugs for a while. What do you mean? Why would anyone do such a stupid thing? Go back to your piggybank, Junior.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Serge
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January 24, 2015, 07:05:30 AM |
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I don't know how they are going to make it regulated in a way. Or in a way, does bitcoin need to be regulated in the first place? Even if they have managed to do that, what impact would it bring especially when you already have tons of other bitcoin exchangers around.
i think it means that they're aiming to go fully legit on a fiat side of money transmitting service, regulation wise
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botany
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January 25, 2015, 04:48:35 AM |
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It might be easier (and cheaper) to directly buy bitcoins. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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