Bitcoin Oil Inc. Announces the Engagement of Award Winning Certified Public Accounting Firm, MaloneBailey, LLP, for its USA Auditors
HOUSTON, July 30, 2019 /PRNewswire-PRWeb/ -- Bitcoin Oil (http://www.bitcoinoil.com) is pleased to announce that they have retained the services of the award-winning audit firm of MaloneBailey, LLP (http://www.malonebailey.com). This engagement allows for Bitcoin Oil Inc., to utilize the firm's U.S. subsidiaries of multinational companies' specialties in providing audited, transparency to our Shareholders and Coin Purchasers. Founded in 1982 with offices in Houston, Shenzhen and Beijing MaloneBailey, LLP provides an integrated approach to client service, offering a full gamut of accounting services to ensure clients are taken care of from beginning to end. Bitcoin Oil Inc. is pleased to engage a firm who operates with the notion that relationships are the foundation of good business. MaloneBailey believes the better they know your business, the better they are able to anticipate the needs of the company. Bitcoin Oil Inc. is confident that MaloneBailey is equipped to provide the utmost standard of services for each facet of the company.
About MaloneBailey, LLP
MaloneBailey has been acknowledged as a leading accounting firm by the Houston Business Journal, Accounting Today, INSIDE Public Accounting and many more. They conduct U.S. GAAP audits based on U.S. GAAS as well as IFRS audits based on the International Standards on Auditing (ISA). This firm has also developed a specialization for auditing U.S. subsidiaries of multinational companies. MaloneBailey provides audit reports to the auditors of parent companies using either U.S. GAAP or IFRS. Their services include Private Company Auditing, PCAOB Audits, Attestation and Assurance, Audits and Reviews and Compilations. MaloneBailey, LLP understands the complexities of the oil and gas industry and the numerous challenges clients face. Their accomplished professionals work tirelessly to provide specialized SEC-regulated audit, tax, private audit and consulting services to clients. Their current client base already includes drilling, exploration and production, refining and marketing, gas marketing, distribution companies, and now Bitcoin Oil Inc. MaloneBailey, LLP understands the accounting and reporting implications for oil and gas companies including: SEC Rule SX 4-10 Full Cost Accounting, ASC 932 Successful Efforts Accounting, ASC 805 Purchase Accounting Production Revenue and Royalty Accounting, Joint Venture Accounting and Joint Interest Billings, Depletion, Depreciation and Amortization, ASC 410 Asset Retirement Obligations and Environmental Issues, Reserve Report and ASC 360 Analysis, ASC 932 Oil and Gas Reporting Disclosures, Multi-Currency Accounting and Reporting, Production Imbalances, Debt and Equity Financing Arrangements and ASC 815 Derivative Accounting.
Whether a company is an operator or non-operator, gas vs. oil focused or domestic vs. international company, MaloneBailey, LLP understands the business and can provide the expertise needed. As a company who is dealing in both the oil and gas, as well as blockchain technology, Bitcoin Oil is certain MaloneBailey is the finest firm to represent Bitcoin Oil Inc.
About Bitcoin Oil
Bitcoin Oil (BTCO) is the official name of Bitcoin's 2019 PoS hard fork which will implement a whole range of long overdue Bitcoin improvements. The new BTCO cryptocurrency will be based on the Bitcoin blockchain network, and the centerpiece of Bitcoin Oil and its "Optimally Improved Ledger" (OIL) will be the highly innovative "SSPSS" strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability, or "SSPSS", including but not limited to key new Bitcoin blockchain features such as (i.) minimizing Bitcoin's volatility (i.e. by connecting it with stable off-chain values), (ii.) drastically reducing Bitcoin's insane energy consumption (i.e. by altering the consensus protocol to PoS), (iii.) implementing true privacy features (i.e. by enabling confidential transactions), (iv.) empowering Bitcoin based ICOs and STOs (e.g. by employing full smart contract functionalities), and last but not least (v.) developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions). To learn more about Bitcoin Oil, visit our website at http://www.bitcoinoil.com and please review our future press releases as well as our forthcoming white paper, or if you are interested in purchasing Bitcoin Oil, please contact us at info@bitcoinoil.com or call us at +1-8777-BITCOINOIL.
Disclaimer
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase any coin or right described herein, nor shall there be any sale of these coins or rights in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains information about pending transactions, and there can be no assurance that any of these transactions will be completed in accordance with the terms described in this press release or at all.
This press release contains information about a possible hard fork of the Bitcoin network. Neither the Bitcoin Oil or such other crypto-asset generated through the hard fork nor the Bitcoin Oil or such other crypto-asset generated thereafter by any other method will be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered, sold, pledged or transferred within the United States or such other jurisdiction without registration or an applicable exemption from such registration requirements. Even though Bitcoin Oil intends to deliver and distribute certain bonus to the Bitcoin Oil record holders of the Bitcoins then existing on the Bitcoin network, such delivery and distribution may be restricted or prohibited by laws of the jurisdiction in which such holders reside or such distribution or delivery may result in Bitcoin Oil being required to register under the Exchange Act of 1934, as amended, or the securities law of any other applicable jurisdiction. We are in the process of assessing regulatory requirements for the delivery and distribution of such bonus of Bitcoin Oil to the then holders of the Bitcoins as part of the hard fork and there can be no assurance whether we would be able to make any delivery or distribution, or at all, to any such holder in connection with the hard fork.
This press release contains statements that are forward-looking (such as when Company describes what it "plans," "believes," "intends," "seeks," "aims," or "anticipates" will occur, what "will," "potentially," or "could" happen, and other similar statements or the negative of such terms or statements), which may not be correct, even though Bitcoin Oil believes that they are reasonable at the time of this press release. Bitcoin Oil undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made.
SOURCE Bitcoin Oil
