The SEC just dashed the Winkelvoss twins’ bitcoin dreams


The Winklevoss twins lost out on Facebook, and now they’ve lost out on bitcoin.

The Securities and Exchange Commission on Friday denied an application from brothers Cameron and Tyler Winklevoss — depicted by Armie Hammer in The Social Network — to create an exchange-traded fund for bitcoin.

An ETF would track the price of bitcoin and make investing in the cryptocurrency more attractive to Wall Street. For weeks ahead of the SEC decision, …

More about Digital Currency, Sec, Bitcoin, and Business …read more

Via: Mashable: Business

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