An organization that undergoes a Service Organizational Control (SOC) 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 cryptocurrency industry to undergo such an audit. The audit was conducted by ‘Big Four’ auditing firm Deloitte, which reviewed Gemini’s exchange application, infrastructure, underlying customer database, and its cryptocurrency storage systems that hold the keys of Gemini’s online and offline wallets.
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 secured insurance coverage for custodied digital assets from lending services firm Aon. The digital insurance coverage complemented the already available Federal Deposit Insurance Corporation-insured U.S. dollar deposits on the exchange.
Earlier this month, Gemini started a new ad campaign calling for better regulation 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 cryptocurrency deserve the exact same protections as investors in more traditional markets, adhering to the same standards, practices, regulations and compliance protocols.”
News source CoinTelegraph.com
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To get ready for block 4,010,000 and the official release of EggSwap Staking, all the contracts on the Chicken UI have been updated. If you have any of your LP currently staked, there will be a backup UI with the old contracts.
Mining Guide: https://medium.com/@herominers/how-to-mine-expanse-exp-complete-beginners-guide-7d96704e9599
We have added Expanse (EXP) on HeroMiners.
For inquiring minds.
The #Defi team just finished the staking test. You'll be able to earn EGGs for staking LP tokens then can stake EGGs to earn a portion of the Exchange swap fees!2
The latest Mist Wallet compile broke the md5 checksums but they are fixed now. Never fear. :D
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