rjclarke2000
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July 26, 2015, 08:02:49 PM |
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Gemini exchange application submitted: http://www.coindesk.com/gemini-exchange-trust-filing/Pete Rizzo (@pete_rizzo_) | Published on July 24, 2015 at 14:46 BST
Entrepreneurs Cameron and Tyler Winklevoss have filed an application for a limited liability trust company in New York.
The filing for Gemini Trust Company, if approved by the New York State Department of Financial Services (NYDFS), would enable the Winklevoss brothers to launch Gemini, their forthcoming bitcoin exchange product first announced in January.
The announcement notably follows itBit's May announcement that it received a trust company charter from the NYDFS. Under New York banking law, trust companies are financial institutions that, while unique from banks, are able to take deposits and issue loans.
Upon launch, Gemini will join itBit as the second bitcoin exchange to launch services in New York following the passage of the BitLicense earlier this year.
A spokesperson for the NYDFS confirmed the agency has received the application and that it is currently under review. Recent Gemini twitter re-tweet: Gemini retweeted techspunk @techspunk Those @tylerwinklevoss @winklevoss guys are up to something pretty big, Ive a feeling that we are not too far away from seeing it #bitcoin I am sorry but "tech spunk"?? As in technology semen? Cool Twitter name.
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LFC_Bitcoin
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July 26, 2015, 08:16:26 PM |
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Any update on this? Any estimated date of opening for trading? The last 'newsworthy' thing I saw related to Gemini was a dumb ass pic of some donuts on their official instagram page. I don't think there's been anything official for a while. They're certainly taking their time ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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rjclarke2000
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July 26, 2015, 10:13:34 PM |
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I think this will drag on for quite a while yet.
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coinableS
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July 26, 2015, 11:44:46 PM |
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Any update on this? Any estimated date of opening for trading? The last 'newsworthy' thing I saw related to Gemini was a dumb ass pic of some donuts on their official instagram page. I don't think there's been anything official for a while. They're certainly taking their time ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) The latest is that they've been in Monaco per his Twitter. Looks like they're living it up. Tyler Winklevoss @tylerwinklevoss Jul 22 Au revoir Monaco! Until next time! https://instagram.com/p/5cKUofJOsw/Tyler Winklevoss @tylerwinklevoss Jul 21 Monaco nights! Who's feeling lucky? @ Casino de Monte-Carlo https://instagram.com/p/5ak4XMpOmQ/Gemini @GeminiDotCom Jul 23 Summer days #flatiron https://instagram.com/p/5fGHuWhNsS/ 1 retweet 0 favorites
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PolarPoint
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July 27, 2015, 12:10:18 AM |
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Gemini is dealing exclusively with US banks. I think members outside US cannot use it to buy and sell bitcoin. The rest of the world still need more large legit exchanges like Gemini to reduce friction.
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brg444
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July 27, 2015, 02:08:29 AM |
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lol you guys are over estimating the winkles.
also, the etf is not going to happen anytime soon (within the next year).
They even switched legal advisors, for Gemini trust license they are now using Kaye Scholer LLP instead of Katten Muchin Rosenman LLP (which is/was used for their ETF)
I guess Katten Muchin Rosenman LLP couldn't get the job done, so they found another attorney.
good indicator: a few months before the ETF goes live because they will submit another S-1A excluding companies like mtgox, btc-e, and including companies like itbit, gemini, coinbase exchange etc
I think the SEC looked at the current, and previous, S-1A's with all those shady companies and laughed.
also, Gemini and ETF are unrelated. gemini is not a magic pill to get the ETF approved. Gemini and itBit are practically the same in terms of regulations. And itBit is already launched. ETF's dont require the sponsors to launch their own exchange. You should check the facts before sharing your fud http://www.dfs.ny.gov/reportpub/wb150724.htmJuly 22, 2015 (TR-CRB) GEMINI TRUST COMPANY, LLC 30 West 24th Street, 4th Floor, New York, New York 10010 Articles of Organization received.
Organizers
Cameron H. Winklevoss, New York, NY Tyler H. Winklevoss, New York, NY Evan L. Greebel, Scarsdale, NY Charles R. Macedo, Ardsley, NY Kathleen H. Moriarty, New York, NY As an additional note this is interesting because it pretty much confirms the theories of Gemini being a integral part of the ETF process.
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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AtheistAKASaneBrain
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July 27, 2015, 10:44:31 AM |
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I hope they get their shit together soon. It's taking too long and people is starting to talk about this as vaporware, just like Openbazaar. It's the problem of announcing something when it's still to underdeveloped, you hype people way too soon.
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StarenseN
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July 27, 2015, 11:50:02 AM |
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Gemini - January 2016 ETF - July 2016
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Nagle
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July 27, 2015, 06:29:48 PM |
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There's also this entry: July 22, 2015 (TR-CRB) GEMINI TRUST COMPANY, LLC 30 West 24th Street, 4th Floor, New York, New York 10010 Application for exemption from the deposit insurance requirements of Section 32 of the Banking Law received. Uh oh. Potential fraud alert.
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brg444
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July 27, 2015, 08:00:49 PM |
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There's also this entry: July 22, 2015 (TR-CRB) GEMINI TRUST COMPANY, LLC 30 West 24th Street, 4th Floor, New York, New York 10010 Application for exemption from the deposit insurance requirements of Section 32 of the Banking Law received. Uh oh. Potential fraud alert. This is the same model as itBit in that they assign custody of clients' fiat funds to partner banks hence the exemption to register for FDIC insurance.
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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mrhelpful
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July 27, 2015, 08:23:13 PM |
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Id assume they launch it at the same time, so it benefits for both sides to traditional investors as well.
Since they offer up the exchange they prob have something on the site where traditional investors eventually buy it from their exchange as well.
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techgeek
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July 28, 2015, 05:35:21 AM |
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Gemini is dealing exclusively with US banks. I think members outside US cannot use it to buy and sell bitcoin. The rest of the world still need more large legit exchanges like Gemini to reduce friction.
Cant the other countries just still buy bitcoin from gemini.. I mean its how most are trying to always buy from btc-e the sketchy exchange, but it`d be the same concept of sending them a wire or other form of SEPA money that they accept and send you btc. After they go through the typical verification process.
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Chef Ramsay
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July 28, 2015, 06:04:35 AM |
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Gemini is dealing exclusively with US banks. I think members outside US cannot use it to buy and sell bitcoin. The rest of the world still need more large legit exchanges like Gemini to reduce friction.
Cant the other countries just still buy bitcoin from gemini.. I mean its how most are trying to always buy from btc-e the sketchy exchange, but it`d be the same concept of sending them a wire or other form of SEPA money that they accept and send you btc. After they go through the typical verification process. I know a gold and oil future day trader that is looking to trade bitcoin on the winks' exchange that is coming up. This outfit is gonna go big.
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Fakhoury
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July 28, 2015, 09:32:16 PM |
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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Greendragon
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July 28, 2015, 09:45:53 PM |
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This is not really news? Twins try to pump it over 300 ^^
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mrhelpful
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July 29, 2015, 04:33:55 AM |
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Any update on this? Any estimated date of opening for trading? The last 'newsworthy' thing I saw related to Gemini was a dumb ass pic of some donuts on their official instagram page. I don't think there's been anything official for a while. They're certainly taking their time ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) The latest is that they've been in Monaco per his Twitter. Looks like they're living it up. Tyler Winklevoss @tylerwinklevoss Jul 22 Au revoir Monaco! Until next time! https://instagram.com/p/5cKUofJOsw/Tyler Winklevoss @tylerwinklevoss Jul 21 Monaco nights! Who's feeling lucky? @ Casino de Monte-Carlo https://instagram.com/p/5ak4XMpOmQ/Gemini @GeminiDotCom Jul 23 Summer days #flatiron https://instagram.com/p/5fGHuWhNsS/ 1 retweet 0 favorites Sounds about right. I mean they got a ton of cash from facebook, and then they do these bitcoin launch as side projects so its not really like they need money or anything. Heck, gemini could fail and they be still be good on money. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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techgeek
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July 29, 2015, 05:23:34 AM |
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Man I remeber I signed up like 2 months ago.. and its still on like a coming soon page lol. I feel like they will launch like mid 2016 to be safe and jan 2016 is just not concrete based on their life style of not needing money that bad lol.
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Fakhoury
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August 06, 2015, 09:14:07 PM |
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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LFC_Bitcoin
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August 06, 2015, 10:08:50 PM |
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Thanks for that my old friend Fakhoury. Will go & read the link now. I've been awaiting an update on Gemini, it's not something that'll send us to the moon but upon breaking news that it opens for business (whenever that is) we should get a 100 USD pump surely? Edit - I remember somebody posted a link to the Gemini instagram account. I just had a little look & their latest post was yesterday, a picture of a roller coaster or something. They went on a team day out.......How about you give us a date when your exchange will finally open ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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rjclarke2000
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August 06, 2015, 10:11:51 PM |
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An increase in to the 300s, 400s would be nice and create an exciting atmosphere once again.
This forum will be fun during the next big rally!
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