Winklevoss twins seek to sell shares in Bitcoin fund CBC ...

Winklevoss Twins Launch IPO for Bitcoin-Tracking Stock - MoneyBeat

Winklevoss Twins Launch IPO for Bitcoin-Tracking Stock - MoneyBeat submitted by MGoAzul to finance [link] [comments]

Winklevoss Twins File IPO to Bring Bitcoin to the Public

Winklevoss Twins File IPO to Bring Bitcoin to the Public submitted by onbitcoin to Bitcoin [link] [comments]

Winklevoss twins plan IPO for Bitcoins digital money

Winklevoss twins plan IPO for Bitcoins digital money submitted by tomfew to TechNewsToday [link] [comments]

r/Bitcoin recap - September 2018

Hi Bitcoiners!
I’m back with the 21st monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2018
submitted by SamWouters to Bitcoin [link] [comments]

r/Bitcoin recap - September 2018 - V2

Hi Bitcoiners!
This is a reworked repost of the 21st monthly Bitcoin news recap. I'm testing out a new format where I list items by topic instead of date so they are easier to digest for the reader. I would love to hear your feedback! (on the categories, the new format vs. the old,...)
For those unfamiliar with these recaps, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in Bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2018
Adoption * The Lightning Network surpasses 100 bitcoin in network capacity * Someone paying with bitcoin in Rovereto, Italy at a 20% discount * Someone pays for a car wash in Brisbane with bitcoin * The biggest block yet is mined at 2.26MB * Someone gets a speaker fee in bitcoin after speaking for developers at a bank * A Butcher shop in Venezuela accepting bitcoin * Someone’s story of travelling across 18 countries using 1 btc * Swissquote advertises Cryptocurrency trading on some office windows * People discuss how expensive bitcoin ATMs are
Development * Someone working on a 3D cryptocurrency trading interface * Someone set up their Bitcoin full node + Lightning Network node following a Github tutorial * A new Lightning desktop app by Lightning Labs * The release of the lnd v0.5-beta and C-lightning v0.6.1 * The future of Lightning by Elizabeth Stark * Someone created their own Lightning Network-powered Cola machine
Security * A Chrome extension got hacked and tried to steal private keys to cryptocurrency wallets * Someone tried to attack Slush’s Lightning Network node with a 12 bitcoin capacity * Google Play takes down misleading bitcoin wallets * Japanese exchange Zaif gets hacked for $37M worth of bitcoin * An important bug is discovered and gets patched in Bitcoin Core 0.16.3
Mining * A look into an illegal bitcoin mining operation in an abandoned power plant in Russia * Slush Pool introduces an open-source operating system for some of Bitmain’s mining machines * Samsung is planning to build 10nm Asic mining chips
Business * The Goldman Sachs CFO on speculation about the bank’s bitcoin trading activities * Coinbase is exploring a bitcoin ETF * Bitmain is now planning an IPO at 16% of their original size * Canada approves a bitcoin trust fund * Morgan Stanley offers bitcoin derivates to its clients * The Robinhood investing app is making millions by selling user data to HFT firms * Google ends its cryptocurrency advertising ban * Bakkt on its first Bitcoin futures contracts
Research * An analysis of $1B Bitcoins on the move * As the Lightning Network grows it will become more difficult to track its growth * A $193M bitcoin transaction for a $0.19 fee * A collection of articles and research on PoW’s efficiency * Bitcoin’s energy consumption in comparison to gold mining, paper money printing, the banking system and governments * Europol research shows that bitcoin has not been used to fund any terrorist attacks
Education * A Bitcoin explainer someone spent a year on * An infographic on merkle trees * A discussion on why it is unwise to use bitcoin for crime
Regulation & Politics * The legal status of Bitcoin globally * How Roman coins took hundreds of years to lose their value * US regulators approve Winklevoss Twins’ fiat-backed stablecoin * Hayek on taking money out of the hands of the government in 1984 * Some cryptocurrency businesses in the US have asked US congress to hurry up with regulation * The Prime Minister of Malta on blockchains and cryptocurrencies
Financial incumbents * The US and EU cut Iran off the SWIFT system through threatening SWIFT executives with criminal charges * Visa and Mastercard forced to pay $6.2B for over-charging on credit cards * The Danske Bank CEO quits over a $234B money laundering scandal
Price & Trading * The bitcoin price is at an all-time high in Iran * People discuss the bitcoin price
Fun & Other * A reminder that bitcoin can’t be eaten by the family pet * There is a Bitcoin ‘glyph’ in iOS 12 * Bitcoin posters in Brighton * Bitcoin from a teenager’s point of view * Bitcoin on who wants to be a milllionaire * Scrabble adds Bitcoin to its dictionary
submitted by SamWouters to Bitcoin [link] [comments]

Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

The Winklevoss ETF is a f****** joke !

The Winklevoss ETF is a joke, 4 years waiting for 20mio$ - 0.1% of the actual market cap, yes or no it doesn't change anything ! I don't even understand why would people get exited about it sick.
http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927
And twins surely already have the necessary fund in btc since 2011 so their 20mio$ initial as become 200mio$ and etf is just a way for them to dump coin, cashout gain while making price skyrocket out of religious belives of hodlers.
The amount distributed by the ETF will be 20 million $.
Which is ridiculous compared to power of bitcoin at the moment.
I don't even understand how people can use this as speculative info...
20kcoins is 1 or 2 day volume on kraken shouldn't have any impact on the btc price if people were not guided by 'stupid and religious like hodler believes'.
submitted by Ilansky to Bitcoin [link] [comments]

5/9/14 Video News: FEC's confusing guidelines, China censors Bitcoin, and Bitcoin Foundation election results

Video: http://moneyandtech.com/may9-news-update/
Today in Money & Tech:
Yesterday, we reported that the Federal Election Commission issued guidelines allowing bitcoin political donations in response to a specific request from political action committee Make Your Laws. However, we've since learned that the parameters of this decision may extend beyond those laid out specifically for this individual use case. We're joined by Christopher David, founder and CEO of CoinVox, who shed more light on what this decision from the FEC actually means.
USA Today has temporarily changed the logo in the header of their website incorporating the Bitcoin symbol. Clicking on the Bitcoin logo leads to an article on the FEC's approval of bitcoin political campaign donations.
Voting on the Bitcoin Foundation’s two vacant board seats concluded last night with BTC China CEO Bobby Lee and bitcoin entrepreneur Brock Pierce winning by a small margin. Bobby Lee has been a strong voice for the bitcoin community in China, where his bitcoin exchange BTC China has been doing it's best to stand up against the China central bank’s ban on bitcoin-related bank accounts. Brock Pierce, another avid proponent of the bitcoin community, is involved in several bitcoin startups such as GoCoin, ExpressCoin, KnCMiner and Robocoin Asia, and is helping drive the proposal to revive bankrupt bitcoin exchange Mt. Gox.
The proposed plan to revive bankrupt bitcoin exchange Mt. Gox has received preliminary approval in an Illinois court, allowing it to be more formally vetted in Japan. The plan would involve settling the current class action lawsuits, and then granting those former exchange users a 16.5% equity stake in the new operation. However, the defense argues that this plan would also create new lawsuits from both the new and former Mt. Gox users, which could keep the accused parties in litigation for an undefined period of time.
The IRS announced Wednesday that it will be contracting out to cybersecurity nonprofit National Cyber-Forensic Training Alliance starting June 1st. The contract will involve researching crimes utilizing digital currencies, and providing the federal government with real-time cyber threat intelligence. According to the IRS document, the Alliance will be expected to “identify significant cybercriminals engaged in financial crimes, as well as initiatives that highlight virtual currencies and virtual currency exchangers that service criminal clientele.”
The Winklevoss Twins have filed with the SEC to have their new Winklevoss Bitcoin Trust listed on the NASDAQ stock exchange, which would make it the first publicly-listed bitcoin exchange traded fund. According to the SEC filing, the Winklevoss ETF is expected to IPO for $1 million total shares worth a total of 200,000 bitcoins, so that each share is worth one-fifth of a bitcoin.
The China Digital Times has leaked a set of documents instructing Chinese media to censor their coverage of certain sensitive issues in China. This time, bitcoin made the list, which ended with instructions to refrain from participating in or reporting on The Global Bitcoin Summit 2014 kicking off tomorrow in Beijing. The instructions said "All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies." This comes as additional negative news for the Summit, after the recent announcement from 5 of the largest Chinese bitcoin exchanges that they will not be attending or participating in the event.
Meanwhile in China, a company called Hardbit has announced the release of a physical Bitcoin wallet. About the size of a credit card but thicker, the device touts many security features, as well as a camera to allow it to make in-person bitcoin transactions quickly. The wallet is now on sale in China, with plans to distribute internationally from May 10th onwards.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

How can we expect Bitcoin to go mainstream when it is already an unfair system?

I have recently been thinking about an issue with the Bitcoin system. How can we expect Bitcoin to survive as a valid currency if early adopters hold so much of it? The Winklevoss twins publicly claim to hold 1% of all bitcoin. I'd assume some other great number is owned by the founder(s) of Bitcoin. If Bitcoin becomes more widely adopted, it will undoubtedly be marked by a hugely unequal distribution of wealth.
I think back to the recent Wall Street protests when it seemed that most Americans couldn't stop complaining about the "one-percent." Perhaps some even chose to adopt the Bitcoin in support for a "less-flawed" monetary system.
I acknowledge that the Bitcoin wiki says that Bitcoin is not supposed to be fair:
Early adopters are rewarded for taking the higher risk with their time and money. The capital invested in bitcoin at each stage of its life invigorated the community and helped the currency to reach subsequent milestones. Arguing that early adopters do not deserve to profit from this is akin to saying that early investors in a company, or people who buy stock at a company IPO (Initial Public Offering), are unfairly rewarded. This argument also depends on bitcoin early adopters using bitcoins to store rather than transfer value. The daily trade on the exchanges (as of Jan 2012) indicates that smaller transactions are becoming the norm, indicating trade rather than investment. In more pragmatic terms, "fairness" is an arbitrary concept that is improbable to be agreed upon by a large population. Establishing "fairness" is no goal of Bitcoin, as this would be impossible. Looking forwards, considering the amount of publicity bitcoin received as of April 2013, there can be no reasonable grounds for complaint for people who did not invest at that time, and then see the value (possibly) rising drastically higher. By starting to mine or acquire bitcoins today, you too can become an early adopter.
I also consider ideas presented by the Bitcoin wiki about the myth that "It's a giant ponzi scheme."
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy. A ponzi scheme is a zero sum game. In a ponzi scheme, early adopters can only profit at the expense of late adopters, and the late adopters always lose. Bitcoin has an expected win-win outcome. Early and present adopters profit from the rise in value as Bitcoins become better understood and in turn demanded by the public at large. All adopters benefit from the usefulness of a reliable and widely-accepted decentralized peer-to-peer currency.
Many of us may only be here for speculation, hoping only that more transactions will drive up the price for personal gain. Is it not dishonest for us to convince others to use a system which is already marked by such great flaws?
I just wanted to start a discussion on this topic.
submitted by Kritios_Boy to Bitcoin [link] [comments]

The Satoshi Network

The Satoshi Network
Director: David Fincher Writers: Aaron Sorkin (screenplay), Sahtor (reddit post)
Actors: Jesse Eisenberg as Mark Zuckerberg Armie Hammer as Cameron Winklevoss / Tyler Winklevoss Rooney Mara as Satoshi Nakamoto
Act one It's 2007 and Facebook is making final payment to Winklevoss twins ending their relationship forever. It's a rainy autumn day in a gray office overlooking the San Francisco bay. Mark Zuckerberg: You have the least amount of attention from me. My mind is thinking about poking people using RESTful API in PHP. We end this today and I win. Lawyer 1: Ok we have a settlement of 100 million dollars to both Cameron and Tyler Winklevoss. Lawyer 2: Our usual fee of 15% plus expenses should make this a done deal. Cameron: You're not the man I thought you'd be Mark. Tyler: Let's go.
Act Two It's 2012 and Winklevosses are searching for motivation to compete in the technology sector. The financial world is doing well but it seems boring. Tyler: Mark sold everyone's privacy. We shouldn't have accepted his money. Cameron: We're Harvard men. We can bring economic freedom to the world. Tyler: Facebook IPO is going to make investors millions maybe even billions. Cameron: Billion isn't cool, you know what's cool? Tyler: 100 billion? Cameron: Quadrillion Tyler: You mean Bitcoin. Let's invest some of that money on a system that will change the world. Cameron: I truly believe this will work. We can get 100 000 BTC right now.
Act Three It's 2017 and Bitcoin has gained popularity but mainstream still thinks it's a bubble. Quiet day at the offices of Winklevoss Capital Management is about to become chaotic.
Cameron: Reddit is reporting that security researchers at Greendale Institute of Technology have found a way to factor Rijndael keys in 253 bits. Tyler: This could lead to a death spiral for Bitcoin. Tyler: FBI is dumping their coins! The market can't handle this pressure. Cameron: SEC sent a letter for further inquiry on the ETF! Tyler: IRS is saying that we owe taxes on the BTC we bought on the basis of VAT ACT of 2016! Cameron: We're going to have to sell our Olympic rowing canoe to cover the cost. Tyler: :(
It's February 2017 and Youtube's most popular video of all time is about to be released. Satoshi Nakamoto: Hello everyone. I'm here to explain my reasons for making Bitcoin and staying away for so long. You see I had this murder mystery in Sweden that seemed really interesting. The block reward is about to halve to 12.5 BTC and I'm taking over the development of the Bitcoin protocol for as long as I have the capacity to do so.
Cameron: BTC/USD just crossed over $50 million. Tyler: Whats Facebook worth these days? Cameron: It's around 330 billion dollars. Tyler: Do you want to buy it?
End Credits
submitted by Sahtor to Bitcoin [link] [comments]

5/9/14 Video News: FEC's confusing guidelines, China censors Bitcoin, and Bitcoin Foundation election results

Video: http://moneyandtech.com/may9-news-update/
Today in Money & Tech:
Yesterday, we reported that the Federal Election Commission issued guidelines allowing bitcoin political donations in response to a specific request from political action committee Make Your Laws. However, we've since learned that the parameters of this decision may extend beyond those laid out specifically for this individual use case. We're joined by Christopher David, founder and CEO of CoinVox, who shed more light on what this decision from the FEC actually means.
USA Today has temporarily changed the logo in the header of their website incorporating the Bitcoin symbol. Clicking on the Bitcoin logo leads to an article on the FEC's approval of bitcoin political campaign donations.
Voting on the Bitcoin Foundation’s two vacant board seats concluded last night with BTC China CEO Bobby Lee and bitcoin entrepreneur Brock Pierce winning by a small margin. Bobby Lee has been a strong voice for the bitcoin community in China, where his bitcoin exchange BTC China has been doing it's best to stand up against the China central bank’s ban on bitcoin-related bank accounts. Brock Pierce, another avid proponent of the bitcoin community, is involved in several bitcoin startups such as GoCoin, ExpressCoin, KnCMiner and Robocoin Asia, and is helping drive the proposal to revive bankrupt bitcoin exchange Mt. Gox.
The proposed plan to revive bankrupt bitcoin exchange Mt. Gox has received preliminary approval in an Illinois court, allowing it to be more formally vetted in Japan. The plan would involve settling the current class action lawsuits, and then granting those former exchange users a 16.5% equity stake in the new operation. However, the defense argues that this plan would also create new lawsuits from both the new and former Mt. Gox users, which could keep the accused parties in litigation for an undefined period of time.
The IRS announced Wednesday that it will be contracting out to cybersecurity nonprofit National Cyber-Forensic Training Alliance starting June 1st. The contract will involve researching crimes utilizing digital currencies, and providing the federal government with real-time cyber threat intelligence. According to the IRS document, the Alliance will be expected to “identify significant cybercriminals engaged in financial crimes, as well as initiatives that highlight virtual currencies and virtual currency exchangers that service criminal clientele.”
The Winklevoss Twins have filed with the SEC to have their new Winklevoss Bitcoin Trust listed on the NASDAQ stock exchange, which would make it the first publicly-listed bitcoin exchange traded fund. According to the SEC filing, the Winklevoss ETF is expected to IPO for $1 million total shares worth a total of 200,000 bitcoins, so that each share is worth one-fifth of a bitcoin.
The China Digital Times has leaked a set of documents instructing Chinese media to censor their coverage of certain sensitive issues in China. This time, bitcoin made the list, which ended with instructions to refrain from participating in or reporting on The Global Bitcoin Summit 2014 kicking off tomorrow in Beijing. The instructions said "All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies." This comes as additional negative news for the Summit, after the recent announcement from 5 of the largest Chinese bitcoin exchanges that they will not be attending or participating in the event.
Meanwhile in China, a company called Hardbit has announced the release of a physical Bitcoin wallet. About the size of a credit card but thicker, the device touts many security features, as well as a camera to allow it to make in-person bitcoin transactions quickly. The wallet is now on sale in China, with plans to distribute internationally from May 10th onwards.
submitted by moneyandtech to Bitcoin [link] [comments]

The Winklevoss Twins Just Became Bitcoin Billionaires ... Bitcoin Is Like Gold 2.0, Says Tyler Winklevoss Winklevoss Twins Invest in Bitcoin The Winklevoss Twins Eat, Sleep, and Breathe Bitcoin - YouTube Dave Portnoy is the Baron of Bitcoin with the Winklevoss Twins

The Winklevoss twins, best known for suing Mark Zuckerberg for stealing their idea for Facebook, today filed an S-1 to create an exchange-traded fund for Bitcoin.. Tyler Winklevoss explained the motivation behind going public, “The trust brings bitcoin to Main Street and mainstream investors to bitcoin. The Winklevoss twins, who famously alleged that Facebook Inc founder Mark Zuckerberg stole their website idea, have revealed plans for an IPO that will give investors exposure to the value of ... The Winklevoss Bitcoin Trust would be the first publicly-listed bitcoin ETF. The trust is owned by Math-Based Asset Services, LLC, an entity set up by the Winklevoss twins. Tyler and Cameron Winklevoss, the key backers of Bitcoin, have filed with the US Securities and Exchange Commission (SEC) to set up an exchange – traded fund for the virtual currency to popularize it, and allow it to be traded like stocks or commodities. Winklevoss twins file for Bitcoin IPO. The siblings that fought Facebook and lost have turned their sights to an IPO of a trust that will track the value of Bitcoins.

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The Winklevoss Twins Just Became Bitcoin Billionaires ...

In this episode of Crypto clout we discuss the future of Bitcoin and the potential for a $9,000 Bitcoin and we look at the Bullish future for Cryptocurrencies and so we look at Tyler Winklevoss ... The Winklevoss twins explain the future of Bitcoin including how it compares to gold and how there is still so much more potential for growth. Winklevoss Twins And Bitcoin Coming To The Big Screen! The Bitcoin Express. Loading... Unsubscribe from The Bitcoin Express? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 968 ... The Bitcoin Billionaires book will be made into a movie taking Bitcoin further into the mainstream. Bitcoin Billionaires is the second book written by Ben Mezrich which features the Winklevoss ... Dave Portnoylearns about the world of Bitcoin with the Winklevoss Twins. Check out Barstool Sports for more: http://www.barstoolsports.com Follow Barstool Sp...

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