The investors have hired engineers, enlisted a bank and engaged regulators with the aim of opening their exchange, dubbed Gemini.
Bitcoin is a digital currency that, unlike conventional money, is bought and sold on a peer-to-peer network independent of central control. Bitcoin is not backed by a government or central bank and its value fluctuates according to demand by users. Users can transfer bitcoins to each other over the Internet and store the currency in digital wallets.
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