(Reuters) - Cameron and Tyler Winklevoss are trying to firm up
support by creating the first regulated Bitcoin exchange in the
United States, dubbing it the "Nasdaq of Bitcoin", the New York
Read the original article on Reuters. Copyright 2015. Follow Reuters on Twitter.
Last March, New York's financial services regulator Benjamin Lawsky said he wanted companies that want to operate virtual currency exchanges in the state to submit formal applications, in a step toward eventual state regulation of bitcoin exchanges.
(Reporting by Supriya Kurane in Bengaluru)
The Winklevoss twins. Business Insider
Bitcoin is a digital currency that, unlike conventional money, is bought and sold on a peer-to-peer network independent of central control. Bitcoin is not backed by a government or central bank and its value fluctuates according to demand by users. Users can transfer bitcoins to each other over the Internet and store the currency in digital "wallets."
The New York regulator held two days of hearings with industry participants last January, including the Winklevoss brothers, and said he planned to issue "BitLicenses" to virtual currency firms.
The investor twins have hired engineers from top hedge funds, enlisted a bank and engaged regulators with the aim of opening their exchange — named Gemini — in the coming months, the newspaper reported. (http://nyti.ms/1Jq2745)
The Winklevoss twins, who famously accused Facebook Inc founder Mark Zuckerberg of stealing their idea, have been seeking regulatory approval for a bitcoin exchange-traded fund.
Representatives at Winklevoss Capital could not be reached for comments outside regular business hours.
Zedd, 3LAU and Big Sean: Tickets On Sale for First Blockchain Music Festival
Tickets for the first music festival set to be powered by blockchain technology are now on sale.
Scheduled for this fall, the Our Music Festival is launching its own virtual currency — the OMF toke
How Crypto Reacted to This Week's SEC Bitcoin ETF Delay
It was an expected result at an unexpected time.
The news broke on August 7 that the U.S. Securities and Exchange Commission (SEC) is kicking the can on its decision to approve or disapprove a prop
Microsoft Looks to Trusted Computing for Blockchain Security Boost
Two newly published patent applications from Microsoft suggest that the software giant is looking at the use of trusted execution environments, or TEEs, within its blockchain offerings.
Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam
A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand – one that drew public attention due to the involvement of a local actor.
China's Communist Party Publishes Blockchain Tech 101
China's Communist Party is moving to make blockchain literacy the norm across public offices with the publication of an explainer for officials and members.
Released by the publishing house of the
Blockchain Social Network Minds Is Migrating to Ethereum for Launch
Blockchain-based social network Minds is migrating its platform to the ethereum network, the startup announced Monday.
After roughly four-and-a-half months on its Rinkeby test network, the startup
Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs
A governmental committee comprised of Saudi Arabian regulators has issued a statement clarifying that cryptocurrency trading is illegal in the kingdom.
According to a statement issued Sunday, the s
Former S&P President Leads Seed Round for ICO Compliance Startup
Regtech and compliance startup iComply has just completed a seed funding round led by former Standard and Poor's president Deven Sharma.
The firm – which seeks to develop standard compliance tools