Topic: Winklevoss Twins Aim to Take Bitcoin Mainstream With a Regulated Exchange - page 4. (Read 3435 times)

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.

exactly. they are pioneers.

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.

Old hat that I have been hearing forever
I will believe it the day the ETF actually launches to the retail public

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 ^^

 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