>> The Winklevoss twins breaking new ground in the cryptocurrency world Monday, securing New York State approval for their dollar-linked digital currency. The Gemini dollar is the first of its kind to get the nod from the state's regulator. The so-called Stablecoin, which unlike a Bitcoin, is strictly pegged to the dollar on a one to one basis, will allow users to send and receive US dollars on the Ethereum Blockchain.
The Winklevoss twins are best known for their feud with Facebook founder Mark Zuckerberg over whether he stole the idea for what became the world's most popular social networking website from them. The former Olympic rowers ultimately settled their legal dispute. Cameron and Tyler have since set their sights on the digital currency world, launching the Gemini Digital Asset Exchange four years ago.
The two weren't so lucky getting their Bitcoin ETF approved by the Securities and Exchange Commission, but the Gemini dollar, as of Monday, is now available on thier exchange.