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The Winklevoss twins’ bold $1-million-Bitcoin forecast has excited crypto investors and global markets, reinforcing Bitcoin’s status as gold 2.0.
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Winklevoss Twins News
The Winklevoss twins – Cameron Winklevoss and Tyler Winklevoss — are American rowers and Internet entrepreneurs, famous for co-founding HarvardConnection and suing Mark Zuckerberg, the founder of Facebook, with the claim that Zuckerberg stole their idea to create a social networking site. This case ultimately provided them $65 million. Today, the Winklevoss twins are venture capitalists and Bitcoin investors. The twins led $1.5 million into a Bitcoin payment processor called BitInstant, though it was closed after its CEO, Charlie Shrem was charged with money laundering. The Winklevoss twins also established Winkdex, a financial index for tracking the price of Bitcoin. In addition, the Winklevoss twins are the founders of the Bitcoin exchange Gemini, the world’s first ether exchange to be licensed. Currently, they are working on exchange-traded products with cryptocurrencies and won a patent for settling it.
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At least three other candidates may be in the running to chair the CTFC after the Winklevoss twins reportedly soured on Trump’s first pick, Brian Quintenz.
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Trump is reportedly exploring other CFTC leadership options after the Winklevoss twins derailed Brian Quintenz’s nomination over enforcement disputes with the Gemini exchange.
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Gemini’s $425 million Nasdaq debut marks the latest in a wave of blockbuster crypto IPOs, as investor demand surges for digital asset equities.
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The text chain revealed questions the Gemini co-founders sent Brian Quintenz in July that signaled they were looking for certain assurances regarding enforcement actions.
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Winklevoss brothers-founded crypto exchange Gemini has filed for an IPO, seeking to raise up to $317 million as an “emerging growth company.”
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The Winklevoss twins-owned Gemini exchange continues its expansion in Europe, securing a Markets in Crypto-Assets Regulation license in Malta.
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The Gemini co-founders, with a combined net worth in the billions, have said they will make another political contribution in support of US President Donald Trump’s crypto agenda.
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Gemini, the Winklevoss-founded crypto exchange and custodian, has filed to list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its IPO.
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The brothers invested an undisclosed amount in American Bitcoin, the mining company co-founded by two of Trump’s sons and others.
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Tyler Winklevoss claims JPMorgan paused Gemini's onboarding after he criticized the bank’s data access fees, calling the move anti-competitive.
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Gemini’s November 2021 fundraise of $400 million valued the exchange at $7.1 billion, though it has had challenges since.
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Brian Armstrong and Tyler Winklevoss say that Bitcoin is a clear “successor to gold,” making it most suitable for inclusion as a US reserve asset.
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The Winklevoss brothers are reportedly considering another IPO for Gemini after deciding not to pursue a public listing in 2021.
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Gemini CEO Tyler Winklevoss said the exchange won’t hire from MIT due to the university rehiring Gary Gensler, a boycott that one commentator called “overkill.”
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