Twins who sued Facebook have become Bitcoin billionaires

Bitcoin billionaires: Winklevoss twins' $11m bet on digital currency is now worth $1 billion

Winklevoss twins become bitcoin billionaires

Tyler and Cameron Winklevoss, who famously won a $65 million settlement from a lawsuit against Facebook in 2011, later used some of that money to purchase what they said was $11 million worth of bitcoin in 2013. They received a hefty payout and invested $11 million to buy Bitcoin. The digital currency hit a new high of $11,826.76 per coin on Sunday, according to data from Markets Insider, surpassing its previous high of around $11,300.

The Winklevoss twins did, and they just became billionaires on paper because of it. Their initial investment saw them inject US$11 million into the digital asset to an estimated stake of around 100,000 Bitcoins. In an interview with the Telegraph, Tyler noted that bitcoin is a better version of gold, sharing the same sentiment as other investors and analysts in the space, including Apple co-founder Steve Wozniak.

Facebook launches Messenger Kids app - but parents vet chat contacts
The rules for traditional Facebook services aren't changing, kids still have to be 13 years old to get their own accounts. Facebook's child-friendly venture comes as other tech companies like YouTube struggle with kid content on their platform.

Bitcoin suffered big price falls last week but recovered over the weekend.

Bitcoin's rise comes amid continued interest in the digital currency from both ordinary investors and institutions. "Still, the twins" early comments about bitcoin appear to have been prescient.

Stanton's Reps Receive Approval To Meet With Cardinals
Sirius XM's Craig Miss reported on Thursday night that the San Francisco Giants were meeting with Stanton's agents in Los Angeles. Morosi said the Marlins and Dodgers have remained in touch about the slugger, but there was been "no substantial progress".

Winklevii tried to create an ETF or an Exchange Traded Fund for the cryptocurrency, which would have opened it up to institutional investing. They've spent much of the last two years attempting to launch their own bitcoin exchange, a dream that was dashed by the Security and Exchange Commission this spring in its latest regulatory hurdle. 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. As of 8.05 a.m. GMT (3.05 a.m. ET), bitcoin is up 2.79% against the dollar to $11,554.83. One of the key benefits that Bitcoin offers is the possibility of quick big gains.

Yemen's Houthis: Saleh's overture to Saudi 'a coup'
It also called on supporters, including tribal fighters, to "defend themselves, their country, their revolution and their republic".

Latest News