Cameron and Tyler Winklevoss are launching a new Bitcoin exchange called Gemini Trust Company,
with trading set to begin at 9:30 a.m. ET on Thursday, Oct. 8.
The twin Winklevoss brothers achieved notoriety back in 2009 after settling with Facebook founder Mark Zuckerberg for $65 million over alleged intellectual-property infringement. The Winklevoss twins first sued Zuckerberg in 2004
alleging that the idea for Facebook was stolen. Zuckerberg was hired by the
Winklevoss twins to work on their ConnectU social networking site in 2003.
With Gemini, the Winklevoss brothers enter a very different space than that of
social networking. The Bitcoin price cryptocurrency market has been in
a state of flux since the collapse of one-time leading bitcoin exchange Mt. Gox in 2014, when customers lost $473 million.