🤔 Binance hires Trump's auditors to prove it's 'on the level'

🤔 Binance hires Trump's auditors to prove it's 'on the level' 🙈 Sam Bankman-Fried surfaces again at the New York Times Dealbook summit 📈  Porsche's new NFT project: 7,500 customizable tokenized vehicles

Good morning, vEmpions.

We're still doing our OKx competition, it's so easy to enter, you could probably do it with your eyes closed. All you need to do is download the OKX app and you get a free Worldcup NFT. Then take a screenshot of your NFT with your wallet address and send it to us - that's it! And then you have a chance at winning our $500 prize. What's not to love? Who said money doesn't grow on trees?!

Now for what's been happening in the space lately:

🤔 Binance hires Trump's auditors to prove it's 'on the level'

🙈 Sam Bankman-Fried surfaces again at the New York Times Dealbook summit

📈  Porsche's new NFT project: 7,500 customizable tokenized vehicles

Binance hires Trump's auditors to prove it's 'on the level'

Binance is reportedly working with Mazars to ensure a more secure and transparent cryptocurrency trading platform. The PoR audit, which was triggered by the fall of FTX, is a financial and operational review of Binance’s internal processes.

Mazars, who are known for their experience in auditing large-scale financial institutions and companies, including former United States President Donald Trump’s company, will be conducting a “third party financial verification” of Binance. This includes verifying all of Binance’s publicly shared information on Bitcoin and PoR, as well as future updates.

The goal of this audit is to ensure that Binance is compliant with international financial standards, while simultaneously providing transparency and confidence in its trading platform.

With this audit, Binance is hoping to solidify its commitment to trust and security among its customers. This is an important step in the evolution of cryptocurrency exchange as it moves closer to being accepted as a legitimate asset class. By providing both customers and regulators with the assurance that Binance is held to the highest standards, it could open the doors for broader adoption. Many critics are skeptical of the audit, however, and argue that it is more of a marketing ploy than anything else. Or maybe that's what Binance's competitors are hoping for.

Sam Bankman-Fried surfaces again at the New York Times Dealbook summit

SBF has surfaced again recently, not as a cuffed fugitive in the back of a police cruiser, no. As a guest in the world-famous New York Times DealBook summit. He appeared to answer some questions regarding the events that occurred with the FTX Platform.

Sam had a lot of answers, some clever and some not so much. When asked about the $2 million loss of one investor, SBF said: "I am deeply sorry about what happened. The US platform is fully solvent and fully funded." very convenient if you want to avoid a lawsuit.

It seems that no one in the crypto community is buying his story. Many are questioning why would a platform as large as FTX not have enough safeguards to protect its customers from such a big loss.

But when it came to the international platform, Sam had a much more confident answer. He explained that Alameda Research had a long position on it and was able to cover their losses without having to liquidate any assets. He said that Alameda was leveraged 10%, yet at the same time, the assets held by Alameda lost value.

It looks like SBF is still trying to put a positive spin on the events that happened. Let's see if anyone in the crypto space actually believes it. One thing is for sure: SBF is not winning any trust in the crypto world. He'll have to come up with something better than his usual "I'm deeply sorry".

Porsche's new NFT project: 7,500 customizable tokenized vehicles

Porsche, the German luxury car manufacturer, is taking their innovation to the next level by launching an ambitious NFT project: 7,500 customizable tokenized vehicles. Now, you'll be able to show off your ride in a virtual world and make all of your friends jealous. It's like buying a car but with no maintenance costs - no car insurance, fuel, oil changes or expensive repairs. Plus, you can customize it to be as fast and stylish as you like.

That's not all - the NFTs are designed by renowned 3D artist Patrick Vogel, so you know they'll look as amazing as they perform. So, if you've ever wanted to own a Porsche but can't afford the price tag, now's your chance.

Porsche gave a sneak peek into the project at the Art Basel conference in Miami on Nov. 30, but they haven't released many details yet. Still, this could be the start of something big - and it's sure to have both car enthusiasts and tech geeks buzzing.

Luxury brands are continuing to embrace the NFT world, and this is just one more way they're pushing the boundaries of what's possible. The future is here, and it's coming in the form of tokenized stuff for now. What? You thought it was going to be flying cars? How boring.