News
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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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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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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The proposed consent order, if approved by a judge, could allow Gemini Trust to avoid a Jan. 21 civil trial with the CFTC over alleged “false and misleading” statements.
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"Let's be clear on one thing. Gary Gensler is evil," Tyler Winklevoss said in a detailed thread about the SEC chair amid resignation rumors.
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Azura completed a $6.9 million investment round backed by the Winklevoss twins, Volt Capital and Alliance DAO.
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Gemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platforms can’t match.
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Gemini co-founder Tyler Winklevoss argues that the cryptocurrency industry should not “tolerate any possibility of a repeat of the last 4 years.”
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The tech entrepreneur characterized incumbent Elizabeth Warren's regulatory power over the Biden administration as a "Faustian bargain."
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