12 Apr '13, 6am

Winklevoss Twins Are Bitcoin Moguls: The Winklevoss twins, Cameron and Tyler — Olympic rowers, nemeses of Mark...

The Winklevoss twins, Cameron and Tyler — Olympic rowers, nemeses of Mark Zuckerberg — are laying claim to a new title: bitcoin moguls. The Winklevii, as they are known, have amassed since last summer what appears to be one of the single largest portfolios of the digital money, whose wild gyrations have Silicon Valley and Wall Street talking. The twins, the first prominent figures in the largely anonymous bitcoin world to publicly disclose a big stake, say they own nearly $11 million worth. Or at least $11 million as of Thursday morning — when trading was temporarily suspended after the latest and largest flash crash left a single bitcoin worth about $120 and the whole market worth $1.3 billion. At one point, the price had plummeted 60 percent. (Read More : Bitcoin Crash Spurs Race to Create New Exchanges ) To skeptics, the frenzy over the bitcoin network created by anonym...

Full article: http://www.cnbc.com/id/100636426

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