Malta-based sports blockchain venture Chiliz is launching a cryptocurrency exchange for sports and entertainment tokens. In a press release shared with Cointelegraph on Jan. 23, Chiliz detailed that the new exchange — Chiliz.net — will roll out in February after the beginning of Fan Token Offerings​ ​for all of the ​Socios.com​ partner teams​. Socios.com is a tokenized fan-voting platform for sports powered by Chiliz tokens (CHZ). Chiliz.net will be fully integrated with Socios.com, enabling users to transfer their fan tokens from a Socios wallet to the exchange, and vice versa. Chiliz and Socios.com CEO Alexandre Dreyfus claimed that Chiliz.net will

U.S.-based crypto exchange and custodian Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security. “The Type 2 is the highest level of security compliance that any organization can demonstrate,” Gemini’s head of risk, Gemini Yusuf Hussain, told Cointelegraph in an interview about the Jan. 23 announcement. Compliance focus In preparation for its SOC 2 Type 2 evaluation, Gemini achieved its SOC 2 Type 1 inspection in 2019, completed by auditing giant Deloitte. The accounting behemoth also completed Gemini’s SOC 2 Type 2 inspection, Hussain mentioned. A regulatory-focused company, Gemini places a high level of importance on compliance and

Two men have been arrested in Tokyo on suspicion of defrauding IT firm Vipstar Inc. from hundreds of thousands of dollars in Bitcoin (BTC), Mainichi reported on Jan. 23. One of the suspects is a former employee who used his access to steal money from a trading fund. Yuto Onitsuka and Takuma Sasaki are accused of stealing 78 million yen (approximately $712,000) from Vipstar, a blockchain project. They are also suspected of committing computer fraud and contravening a government act on the control of criminal proceeds. The police alleges that on Oct. 29, 2018, the suspects made 12 unauthorized entries in a