Winklevoss twins launch Winkdex, a bitcoin tracking service

Cameron and Tyler Winklevoss, the twins who sued Facebook’s Mark Zuckerberg in 2004, claiming he stole their idea for the social network, are working on a bitcoin price-tracking service named the Winkdex.

Data on the digital currency has become less reliable since MtGox, the best-known bitcoin exchange was said to be facing a “whirlpool of death”, and prevented bitcoin withdrawal.

Winkdex is aiming to resolve the problem for bitcoin users.

Cameron Winklevoss, who is the CEO of Math-Based Asset Services, the company behind Winkdex said: “We believe that we are establishing an accurate spot price that reflects the true value of a bitcoin and resolves the price confusion that exists due to the various exchanges.

“The creation of an index that better reflects accurate pricing is the next step in wider acceptance of bitcoin as an asset class,” he added.

Tyler Winklevoss is the firm’s president.

The twins are estimated to hold around $25m in bitcoin.

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