Winklevoss Twins Turn $11M Into $1B Bitcoin Fortune
05 December, 2017, 02:20 | Author: Valerie Burke
The twin brothers who sued Mark Zuckerberg claiming he stole the idea for Facebook are worth more than $1bn after capitalising on the astonishing rise in Bitcoin. Four years later and the $11 million they invested is now worth more than $1 billion after Bitcoin exploded past $10,000 last week.
Today, they were named official Bitcoin billionares as BTC's price hit $11,700.
The Winklevoss twins helped turn bitcoin into a $1 billion baby - so perhaps it's fitting that they also become one of bitcoin's first billionaires.
Ohio State at Wisconsin
The Buckeyes won 27-21 in the Big Ten championship game, and they have a slightly-better resume then the Crimson Tide. But if the Buckeyes capture their 36th conference title, they might need help to reach college football's final four.
Chabahar port, made by India, inaugurated in Iran
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Skywatchers: See full supermoon on December 3
In November 2016, the moon reached a distance closest to the Earth than ever seen since 1948, producing a supersized supermoon. But for those who can't wake up that early, the moon will still look bigger - and brighter - throughout the night.
The Winklevoss Twins are among the first backers of Bitcoin, purchasing $11 million worth of bitcoins in 2011, which amounted to about 1 percent of the total amount of BTC in circulation at that time. The twin-brothers don't sell their assets intentionally as they regard Bitcoin as a long-term investment and a "better version of gold".
It has been a rollercoaster ride for the digital currency in the past week. They later also spent nearly $1 million to buy more bitcoin later in 2013, right after Silk Road, an illicit marketplace on the so-called dark web, was seized by the Federal Bureau of Investigation.
The meteoric rise of Bitcoin over the last few months has been simply unbelievable. As of 8.05 a.m. GMT (3.05 a.m. ET), bitcoin is up 2.79% against the dollar to $11,554.83. The Winklevoss twins are long-time bitcoin bulls and are investors in crypto exchange Gemini. "By working with the team at CBOE, we are helping to make bitcoin and other cryptocurrencies increasingly accessible to both retail and institutional investors", said Tyler. The news broke barely days after NASDAQ's rival CME Group confirmed that it will allow Bitcoin futures contracts as of December 18th this year. Winklevoss's, however, are the first public figures to have made a billion out of the currency.
Cotto had received a thunderous ovation when he entered the ring, and they were chanting his name as he left, proud but defeated. I took advantage of this fight, and I made sure to make it count. "I had him hurt here and there", Ali said.
The country has since fallen into chaos and Mr Saleh later joined the Houthis to drive Mr Hadi out of the capital in 2014. The United Nations envoy to Yemen, Ismail Ould Cheikh Ahmed, and the ICRC urged the parties to avoid targeting civilians.
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I think right now, especially with everything going on in my industry, it's empowering to see the voice women have right now. Now she and her family are putting the incident behind them and not allowing it to overshadow all of their good fortune.
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Kimrey removed the girl's body from the place where she died and knew her death was not natural, according to arrest warrants. Woods lives with her mother and her mother's live-in boyfriend on Dawson Cabin Road in Jacksonville, North Carolina.
Friday by a State Police investigator, Todd Grant, who recognized Rodriguez's red Mercury sedan and its Florida license plates. According to the friend, Caitlyn said the two were planning to leave and she (Caitlyn) didn't know how to get out of going.
The No. 9 Nittany Lions will take on 11th-ranked Washington in Glendale, Arizona, near Phoenix on December 30 at 4 p.m. on ESPN. Penn State's 1982 national title was also preceded by a 26-10 win over USC in the Fiesta Bowl to close out the 1981 season.
He was mentioned the last two years as a candidate at LSU, where he spent seven seasons as the offensive coordinator (2000-06). Sumlin went 51-26 in six seasons with the Aggies. "Obviously, he feels like it's the right move for him".
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December supermoon dazzles in the night sky
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On SCO summit sidelines, CEO refuses to meet Pakistan PM
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