Winklevoss Twins Launch Regulated Bitcoin Exchange, “Gemini”

We know all too well that those who are 6’5′, 220 and x2, Cameron and Tyler Winklevoss, are all about that entrepreneurial life, all about suing social media kings, and all about that sweet, merciful currency you can’t fully explain, Bitcoin; now, nemeses of The Zuck have set up shop with their very own Bitcoin exchange.
 
The Winklevoss twins have reportedly claimed that Bitcoin could be “more impactful” than facebook (za-hing, zuckerberg!), and apparently have been buying up big in the virtual currency for years. 

On Friday, “
Gemini” (GET IT? Because they’re TWINS, ICMYI!) was launched, a “fully regulated, fully compliant” Bitcoin exchange, claimed by its founders to be “next-generation”. Let’s be real here, folks, and not pretend I have a deeper understanding of bitcoin than “magic bucks”, but if their sleek website is anything to go by, this looks pretty promising.

After one of the Silk Road’s major Bitcoin exchange founders was charged this week, the politics around “cryptocurrency” is relatively sticky, however Gemini assures that their team is currently “working with federal and state governments to launch in full compliance with all Bitcoin regulations and consumer protection laws.” As regulated and by-the-book this thing may be, it unfortunately won’t be able to change Bitcoin’s notoriously volatile state – in 2013 Bitcoin peaked at over US$1000 per coin; today, Bitcoin is sitting at around $290 AUD per coin. 

Anyway. Hanging out for a Winklevoss biopic of their own, even purely for Armie Hammer reasons, tbh. 

Lead image by Justin Sullivan via Getty.

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