Gemini Crypto Exchange Undergoes Security Compliance and Data Protection Audit
crypto exchange, founded by brothers Cameron and Tyler , completed a SOC 2 Type 1 security compliance review, according to a made on their Medium blog on Jan 29.
An organization that undergoes a Service Organizational Control () 2 audit aims to ensure that it has met the service criteria set by the American Institute of Certified Public Accountants (AICPA). These criteria pertain to standards of confidentiality, security, privacy, processing integrity and availability.
According to the announcement, Gemini is the first in the industry to undergo such an audit. The audit was conducted by ‘Big Four’ auditing firm , which reviewed Gemini’s exchange application, infrastructure, underlying customer database, and its storage systems that hold the keys of Gemini’s online and offline .
Gemini also noted that, in addition to the SOC 2 Type 1 test, it would undergo an SOC Type 2 review in 2019, in order to further assure compliance and a high security standard. It added that, “This additional level of assurance will further validate the effectiveness of our internal controls.”
In October 2018, Gemini insurance coverage for custodied digital assets from lending services firm Aon. The digital insurance coverage complemented the already available Federal Deposit Insurance Corporation-insured dollar deposits on the exchange.
Earlier this month, Gemini a new ad campaign calling for better of the crypto space. Placards on taxis and in the New York City subway contained slogans like “crypto needs rules” while others stated that “money has a future” and touted Gemini as “crypto without chaos.” The head of marketing at Gemini, Chris Roan, told the Wall Street Journal:
“We believe that investors coming into deserve the exact same protections as investors in more traditional markets, adhering to the same standards, practices, regulations and compliance protocols.”
is announcing the official start date for the highly anticipated crowdfunding event is September 15th, 2017. After an incredibly successful presale in July, the BitClave team, which has been actively developing their public Alpha release, will be launching the full sale of their token, the Consumer Activity Token (CAT), to be carried out on September 15th. The full sale will provide the opportunity for the public to purchase CAT and be part of the first wave of users on the innovative BitClave Active Search Ecosystem.
[Note: this is a press release]
BitClave is a software company lead by former LG Electronics CSO Alex Bessonov building the next generation of decentralized search focused on delivering the best experiences for web users. Powered by the privacy and security of blockchain technology, BitClave is creating a search engine that connects users directly with what they’re looking for, turning browsing into finding. By removing the middlemen in the digital advertising ecosystem, BitClave gives users control over their data and connects them directly with the businesses they’re looking for.
The BitClave Active Search Ecosystem (BASE) is a unique decentralized search engine where users can perform a search and then opt-in to relevant advertisements, earning Consumer Activity Tokens for each ad engaged with. Through this platform, businesses can serve personalized, relevant offers directly to users who are already expressing interest in their products and services, significantly increasing their return on advertising spending while consumers are no longer plagued by irrelevant, obtrusive advertisements.
In July, BitClave successfully launched a presale of CAT which earned over $1.8 million USD, demonstrating high engagement from the user base. Initially offered at a discounted rate, the BitClave presale reached its soft cap in less than 24 hours with extremely high transaction volumes from the moment the presale opened at 4:00 am, Pacific Time. Since the conclusion of the presale, interest in purchasing CAT has continued to grow along with the amount of users opening BitClave wallets in anticipation of the full sale.
Additional Crowdfunding details:
Token generation cap: 2 billion
Token crowdfunding distribution: 1 billion
Tokens exchange: 1 CAT = $0.07 USD
Timeline: September 15 – October 15
Crowdsale opens: 4 am Pacific Time, September 15
Ownership of CAT Tokens carries no rights, express or implied, other than the right to use CAT Tokens as a means to enable usage of and interactions with the Network, if successfully completed and deployed. In particular, Purchaser understands and accepts that CAT Tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Network and the Company, other than access to the Network, subject to limitations and conditions in the Terms of Use. CAT Tokens are not intended to be a digital currency, security, commodity or any other kind of financial instrument. Furthermore, CAT Tokens are not intended to be marketed, offered for sale, purchased, sold or traded in any jurisdiction where they are prohibited by applicable laws or require further registration with any applicable governmental authorities. More information about the crowdfunding terms can be found on the BitClave page.
To learn more about BitClave and participate in the crowdsale, please visit the website and or reach out at info@bitclave.com.
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