Tuesday, July 8, 2025
The Dao Makers
No Result
View All Result
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
No Result
View All Result
The Dao Makers
No Result
View All Result

Binance employs Trump audit company to check crypto reserves

by The Dao Makers
December 2, 2022
in Blockchain
Reading Time: 3 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter


 

America department of Mazars served because the company of former United States President Donald Trump’s accounting agency for a big period of time.

To be able to perform the proof-of-reserve (PoR) audits that have been prompted by the decline of FTX, the cryptocurrency alternate Binance is collaborating with the accounting agency Mazars.

In response to a report printed by the Wall Road Journal on November 30, Mazars, an accounting agency that beforehand labored for the corporate of the previous President of the US Donald Trump, has been appointed as an official auditor to hold out a “third get together monetary verification” as a part of Binance’s PoR updates. Mazars shall be conducting the audit.

A spokeswoman for Binance is quoted as saying that the accounting agency is allegedly already analyzing the entire publicly disclosed info on Bitcoin PoR and also will be confirming any future upgrades or tokens. The person went on to say that the primary verification improve for BTC shall be completed by the top of this week.

Mazars is a world accounting enterprise with its headquarters within the French capital of Paris.

Since 2019, its United States department, Mazars USA, has been embroiled in a dispute with a request from the Home Oversight and Reform Committee for a few of President Trump’s monetary paperwork. Mazars USA has been serving as Trump’s longstanding accounting firm.

It was alleged that the corporate severed all relations with Trump and his household within the yr 2022.

The announcement comes as Binance is now conducting PoR audits, which require it to maneuver huge sums of cash.

On November 28, Binance despatched 127,351 bitcoins, which is equal to round $2 billion, to an unknown pockets. Subsequently, CEO Changpeng “CZ” Zhao mentioned that the transaction was part of the present PoR course of.

The measure has induced some nervousness inside the neighborhood since CZ has beforehand indicated that it’s undesirable for cryptocurrency exchanges to be required to switch important sums of cryptocurrency with a purpose to confirm their pockets deal with.

As was beforehand reported, in response to the autumn and subsequent chapter of the FTX cryptocurrency alternate, Binance initiated a Proof of Status (PoR) process and mechanism.

As well as, the corporate introduced the publication of a Merkle Tree-backed proof of funds for Bitcoin on November 25. This motion was simply one in every of a number of that Binance took to display its transparency.



Source link

Tags: AuditBinancecheckCompanycryptoEmploysReservesTrump
Previous Post

Stripe Is Integrated By Solana Market Maker For Fiat-To-Crypto Transfers

Next Post

Inflation Did Not Come From Nowhere – Bitcoin Magazine

Related Posts

Blockchain

Is PumpFun losing its crown

July 8, 2025
Blockchain

Tether Invests in Crystal Intelligence to Bolster Blockchain Security

July 8, 2025
Blockchain

Shenzhen Flags Risks of Fake Crypto Fundraising Schemes

July 8, 2025
Blockchain

US Secret Service Builds $400 Million Crypto Stash

July 7, 2025
Blockchain

ChatGPT as a Crypto Trading Assistant: Capabilities and Limitations

July 7, 2025
Blockchain

Record Highs for Digital Asset Fund Flows as AuM Hits $188 Billion

July 7, 2025
Next Post

Inflation Did Not Come From Nowhere - Bitcoin Magazine

Central Bank Executive Says Hong Kong Working On Investor Protection Measures

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Latest Week in Ethereum News : ethereum

December 17, 2022

Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil

July 4, 2025

5 Generations, 1 Team — Heres How to Lead a Multigenerational Workforce

July 7, 2025

🦄 uniswap-universal-router-decoder ✨ v0.8.0 ✨ has just been released !!

March 18, 2023

The four times Bitcoin price fell by Independence Day each year

July 4, 2025

Shenzhen warns citizens of investment scams using stablecoins

July 7, 2025

SELL ALTCOINS NOW? | BITCOIN | CRYPTO NEWS BANGLA | BULL RUN | ALTSEASON | MARKET

37

Why Facebook-Parent Meta Is Willing To Lose Billions On The Metaverse

46

BTC Price Predictions, SUI Fall, HYPE, Trump Coin Scandal & More

42

How to Turn Summer Travel into More Business and Less Taxes

July 8, 2025

Nymbus Partners with Bud Financial on AI-Powered PFM

July 8, 2025

It’s ‘Make Or Break’ Time For XRP As Fib Extension Points To $5.30 Top

July 8, 2025

Bitcoin Showed Up in DC — And Washington Took Notice

July 8, 2025

Bitcoin Options Market Cools Off, Echoing Familiar Summer Slowdowns – What This Means

July 8, 2025

Is PumpFun losing its crown

July 8, 2025
Telegram Twitter TikTok Youtube RSS
The Dao Makers

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at The Dao Makers.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Fix Driver Errors
  • Launchpads
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 The Dao Makers.
The Dao Makers is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Launchpads
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 The Dao Makers.
The Dao Makers is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In