Cameron and Tyler Winkelvoss on Friday announced Gemini, a regulated bitcoin exchange to be based in the United States. The Winkelvoss twins, who shot to fame when they sued Facebook and won $65 million, have assembled a team of security experts, technologists and financial engineers to build a world-class exchange from the ground up, based on security. They have entered a banking relationship with a bank chartered in New York State, which means that U.S. dollars held on Gemini will be eligible for FDIC insurance.
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Winkelvoss Twins Plan to Tame Bitcoins
Posted by: Richard Adhikari January 26, 2015 07:35 AMCameron and Tyler Winkelvoss on Friday announced Gemini, a regulated bitcoin exchange to be based in the United States. The Winkelvoss twins, who shot to fame when they sued Facebook and won $65 million, have assembled a team of security experts, technologists and financial engineers to build a world-class exchange from the ground up, based on security. They have entered a banking relationship with a bank chartered in New York State, which means that U.S. dollars held on Gemini will be eligible for FDIC insurance.