A stablecoin is a cryptocurrency pegged 1-to-1 with another “stable” currency. In most cases, these coins are pegged to the US dollar and, as such, allow for true transfers of actual fiat currencies between parties using the blockchain. If you’re nodding off right now thinking about this, I would posit that these moves, however minor […]
View More The Winklevoss stablecoin is one small step toward crypto acceptanceCategory: Winklevoss
The Winklevoss twins are now among the world’s first bitcoin billionaires
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The Winklevoss twins now have an undisputed achievement to their name.
Cameron and Tyler Winklevoss are believed to be among the first bitcoin investors to pull in a billion-dollar return after the cryptocurrency’s value surged to nearly $11,500 on Monday.
Once derisively referred to as the Winklevii by Mark Zuckerberg, the brothers are best known for suing the Facebook co-founder and CEO over credit for the idea behind the company, a conflict famously dramatized in the film The Social Network.
The twins invested around $11 million of their $65 million payout from that lawsuit into the fledgling cryptocurrency in 2013, one of the biggest bitcoin bets in the world at the time. That foresight has now paid off handsomely as the cryptocurrency’s price has ballooned nearly 10,000 percent in the time since. Read more…
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View More The Winklevoss twins are now among the world’s first bitcoin billionaires