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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now