The SEC just dashed the Winkelvoss twins’ bitcoin dreams

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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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