OKX Releases Second Proof-of-Reserves Report, Strengthening Customer Trust

• OKX, the second-largest cryptocurrency exchange by trading volume, released a second proof-of-reserves (PoR) report.
• The report shows that as of Tuesday, 12:00 UTC, OKX’s wallets held 113,754 bitcoin (US$1.87 billion) against a user balance of 112,192 bitcoin (BTC).
• This PoR report allows users to verify that the exchange has sufficient assets to handle customer withdrawals and provides more transparency on the exchange’s health and the safety of their assets.

OKX, the second-largest cryptocurrency exchange by trading volume, has published a second proof-of-reserves (PoR) report. This report allows users to verify that the exchange has sufficient assets to handle customer withdrawals and provides more transparency on the exchange’s health and the safety of their assets.

The report, released Thursday, shows that as of Tuesday, 12:00 UTC, OKX’s wallets held 113,754 bitcoin (US$1.87 billion) against a user balance of 112,192 bitcoin (BTC). That’s a bitcoin reserve ratio of 101%, a slight decline from 102% disclosed in the first report released on Nov. 22. The reserve ratio for leading stablecoin tether (USDT) held steady at 101%, while ether’s (ETH) reserve ratio ticked higher to 103% from 102%. The exchange addresses tracked by analytics firm Nansen show BTC, ETH and USDT make up over 90% of holdings.

Proof of reserves is an audit method adopted by cryptocurrency exchanges in the aftermath of FTX’s collapse to prove that the custodian, in this case OKX, isn’t lending out customer funds, as FTX did, and has the assets it claims to hold on behalf of its users. This method has been criticized for not providing information about liabilities and internal quality controls, a focal point in the crypto community. For instance, Binance’s recent proof of reserves report from French audit firm Mazars was criticized for lack of details about the way exchange liquidates assets to cover margin loans.

OKX said in a press release shared with CoinDesk that it would release proof of funds on the 22nd day of each month to win customer trust and allow users to audit its 23,000 addresses, which the exchange plans to continue using in the future. This report helps customers to view and download the old and new reserve ratios and assess the exchange’s health and the safety of their assets.

Overall, the second PoR report by OKX is a sign of the exchange’s commitment to providing more transparency to its customers and ensuring that it is not taking any risks with their funds. By releasing these reports on a monthly basis, OKX is strengthening customer trust and providing assurance that their funds are safe with the exchange.

Fed Raises Rates to 4.25%-4.5%, Highest Level in 15 Years

Summary:
• The U.S. Federal Reserve has raised interest rates by 50 basis points (0.5 percentage point) to 4.25%-4.5%, the highest level in 15 years.
• The decision signals a slowdown in the pace of hikes by the Fed, which for the past four consecutive meetings has raised rates in 75 basis point increments.
• The FOMC also released a new set of economic projections (SEP) and “dot plot,” representing top Fed officials’ projections for the next year.

The U.S. Federal Reserve has taken action to ensure the economy continues to grow at a sustainable rate. On Wednesday, the Fed raised interest rates by 50 basis points (0.5 percentage point) to 4.25%-4.5%, the highest level in 15 years. This decision signals a slowdown in the pace of hikes by the Fed, which for the past four consecutive meetings has raised rates in 75 basis point increments.

The rate hike comes at a time when the economy is showing signs of slowing down due to increasing borrowing costs. Inflation as measured by the consumer price index (CPI) continues to slow on a yearly basis: November’s CPI report showed that inflation rose 7.1%, down from 7.7% in October, the Labor Department reported Tuesday.

Fed Chair Jerome Powell has signaled that the terminal rate – the peak rate for the current hiking cycle, expected sometime next year – will likely be over 5%. Officials with the U.S. central bank had said over the past month that it might be appropriate to slow the pace of interest rate hikes while the economy adjusts to the higher level of borrowing costs. However, “ongoing increases in the target range will be appropriate,” according to the FOMC statement.

The FOMC also released a new set of economic projections (SEP) and “dot plot,” representing top Fed officials’ projections for the next year. Ten out of 19 central bankers who are part of the committee expect the terminal rate to be higher than 5% but lower than 5.25% by the end of 2023, the dot plot shows. For 2024, the majority of dots indicate that the terminal rate will be over 5.5%.

The Fed’s move to raise interest rates comes at a time of economic uncertainty, with the U.S.-China trade war and the ongoing government shutdown creating headwinds for the economy. In addition, the recent volatility in global markets has raised concerns about the global economic outlook.

The Fed’s rate hike is expected to have a ripple effect on the economy, with higher borrowing costs likely to slow consumer spending and investment. As a result, the Fed’s actions may have a dampening effect on growth in the near term. In the long term, however, the Fed’s actions are designed to ensure the economy continues to grow at a sustainable rate.

Bitcoin Remains Calm Amid Negative Headlines, IV Hits Two-Year Low

Bullet Points:
• Bitcoin’s annualized seven-day implied volatility (IV) has hit a two-year low of 38.2%.
• Analysts attribute the lack of volatility to the macro outlook being “extremely constructive”, with inflation falling and the decline in oil making the Ukraine war less relevant.
• Despite negative headlines, Bitcoin has risen 9% since BlockFi declared bankruptcy and 3% this week despite Binance coming under scrutiny.

Article:
The bitcoin (BTC) market has been surprisingly tranquil recently, with the annualized seven-day implied volatility (IV) dropping to its lowest level in two years. The IV, which measures the options market’s forecast of a likely movement in the underlying asset, had peaked at 145% on Nov. 9 but has since declined to 38.2%. Analysts are scrambling to explain the unexpected tranquility, especially in light of the FTX contagion fears and overall macroeconomic uncertainty.

Markus Thielen, head of research and strategy at Matrixport, believes that the decreasing volatility is not out of the ordinary. He says that the macro outlook is extremely constructive, with inflation falling and oil prices declining, thus making the Ukraine war less relevant. He also points out that the FTX headlines will now have less of an impact on the market, with investigations taking care of the details in the background.

Despite the negative headlines surrounding the crypto space, Bitcoin has managed to remain unaffected. In fact, since crypto lender BlockFi declared bankruptcy on Nov. 28, Bitcoin has risen 9%. Even when Binance came under scrutiny earlier this week due to customers withdrawing large sums of coins, Bitcoin still managed to gain 3% this week.

It appears that traders are no longer affected by the FTX collapse and have instead opted to buy options to hedge against any potential losses. This could explain why Bitcoin’s implied volatility has dropped to its lowest level since October 2020. With the macro outlook being so promising, it’s likely that the cryptocurrency’s tranquility won’t be ending anytime soon.

FTX Seeks Bankruptcy Court Aid in $450M Robinhood Stock Battle

• FTX is seeking help from a U.S. bankruptcy court to fight over ownership of $450 million in Robinhood Markets (HOOD) stock.
• The stock is held by a corporate entity organized in Antigua and Barbuda and 90% controlled by former FTX CEO Sam Bankman-Fried.
• FTX has asked the judge overseeing the bankruptcy case to keep the shares frozen while they figure out how to repay all their creditors.

FTX, a crypto exchange, has requested assistance from a U.S. bankruptcy court as they battle over ownership of approximately $450 million worth of stock in Robinhood Markets (HOOD). This stock is held by a corporate entity organized in Antigua and Barbuda, Emergent Fidelity Technologies Ltd., and 90% of it is controlled by former FTX CEO Sam Bankman-Fried. As the battle ensues, three parties have attempted to get control of these shares: BlockFi, Yonathan Ben Shimon, and Bankman-Fried.

In response, the bankruptcy estate of FTX has asked ED&F Man Capital Markets, the brokerage where the shares are parked, to freeze the stock around the time the Chapter 11 case began on Nov. 11th. FTX has determined that Emergent only “nominally” owns the shares and that they truly belong to FTX. The filing states that “Emergent is a special-purpose holding company that appears to have no other business.”

In the filing, FTX has asked the judge to keep the shares frozen while they figure out how to repay all their creditors. FTX argues that since multiple prepetition creditors and Bankman-Fried himself are all trying to obtain possession of the Robinhood Shares, the asset should be frozen until the court can resolve the issues in a fair manner.

This battle over ownership of the Robinhood Shares reflects a much larger issue that FTX is facing. With the help of the U.S. bankruptcy court, FTX is hoping to resolve this issue and be able to repay all their creditors in a fair and equitable manner. It remains to be seen how the judge will respond to FTX’s request.

Crypto Investment Scam Busted in Italy, Albania; 15M Euros Seized

• Italian and Albanian law enforcement authorities have busted a cryptocurrency investment scam estimated to have netted 15 million euros.
• Assets worth 3 million euros were seized and more than 160 electronic devices were confiscated by a joint investigation team.
• Victims of the scam were asked to create an account and transfer an initial sum, which showed an immediate financial gain.

Italian and Albanian law enforcement authorities have recently busted a large cryptocurrency investment scam that is estimated to have netted 15 million euros (US$16 million). The operation was carried out by a joint investigation team, Eurojust, the European Union’s cross-border agency for fighting organized crime. Police officers seized assets worth 3 million euros, as well as more than 160 electronic devices including computers, servers, digital video recorders and a cellphone.

The organized crime group behind the scam ran a call center in Tirana, Albania. Victims were contacted by the perpetrators posing as brokers and were proposed advantageous investments in cryptocurrencies with zero risk. The victims were encouraged to invest larger sums, often their entire economic capital, and were subsequently locked out once the larger deposits were made.

The crypto market has seen a decline this year, however this has not stopped criminals from taking advantage of the situation. Crypto investment scams have become increasingly popular and they target victims seeking to make sizable short-term financial gains. In the U.K., crypto tactical advisers have been stationed in police departments to investigate and seize digital assets linked to crime.

Eurojust was unable to provide further details on the case as the investigation is still ongoing. However, the agency stated that it is committed to tackling cross-border financial crime and will continue to work with law enforcement authorities in Italy and Albania to bring the perpetrators to justice.

Solve the Crypto 2023 Series Crossword & Win 5ESK!

• CoinDesk is releasing a Crypto 2023 series crossword created by professional puzzle maker Myles Mellor.
• Participants can submit completed crosswords to opinion@coindesk.com.
• Results of the crossword will be released on Thursday, Dec. 15, 48 hours after publication.

CoinDesk is proud to announce the launch of the Crypto 2023 series crossword, created by Myles Mellor, a professional puzzle maker. This crossword is the first in a series of engaging activities for readers of CoinDesk, designed to bring the world of cryptocurrency to life.

Participants who complete the crossword will be eligible to receive a reward of 5ESK. To submit their solutions, they can email opinion@coindesk.com, and the results will be released on Thursday, Dec. 15, 48 hours after publication.

The Crypto 2023 series crossword is the latest in a series of exciting activities that CoinDesk has introduced over the years. From the Beginner’s Guide to Bitcoin to the Bitcoin Price Index and the Crypto Price Index, CoinDesk has created a variety of engaging activities to help readers stay up-to-date on the latest news in the crypto space.

The Crypto 2023 series crossword is just the beginning of a series of exciting activities that CoinDesk will be introducing over the next few years. As the crypto space continues to expand and evolve, CoinDesk will be there to provide readers with the latest news, insights, and activities designed to keep them up-to-date on the latest developments.

CoinDesk is committed to creating an engaging and rewarding experience for its readers and is excited to launch the Crypto 2023 series crossword. Participants can submit their solutions to opinion@coindesk.com and will be eligible to receive a reward of 5ESK. The results will be released on Thursday, Dec. 15, 48 hours after publication.

Unboxing the Anker Soundcore Life Q30: A Comprehensive Overview

In the field in audio technologies, Anker is a well-known brand. They’ve developed a broad assortment of products, ranging from speakers to headphones. Their latest offering called their Anker Soundcore Life Q30, is creating waves in the world of audio. It’s an over-ear set of headphones that come with a broad array of features like an active noise cancelling feature, ultra-clear audio, and a long-lasting battery. In this review we’ll take a deeper review of Anker Soundcore Life Q30. Anker Soundcore Life Q30 and the features that make it an outstanding set of headphones.

Design

The Anker Soundcore Life Q30 sports a modern and chic design. The headphones are constructed of strong plastic and feature a matte look that is elegant and stylish. The headband can be adjusted and the earcups are cushioned to ensure the best comfort. The ear cups are rotateable, giving you an easier fitting. The headphones are light and compact, which makes the perfect travel companions.

Features

The Anker Soundcore Life Q30 headphones come with an array of features. The headphones feature active noise cancellation that assists in reducing background noise, and provides an full-bodied listening experience. They also have the impressive 40mm driver, as well as an amplitude range of 20Hz-20kHz. The headphones also include an in-built microphone that can be used to make calls as well as using commands for voice.

Connectivity

The Anker Soundcore Life Q30 comes with Bluetooth 5.0 connectivity that assures a stable and reliable connection. They also have an 3.5mm audio jack that allows users to use them with other Bluetooth devices. They also have an USB-C port that can be used for charging as well as the ability to charge quickly, which lets you enjoy more than 10 hours of playingback time after only 10-minutes of charge.

Audio Performance

The Anker Soundcore Life Q30 offers an amazing audio performance. The headphones feature a powerful 40mm driver as well as an audio frequency range from 20Hz-20kHz. The sound is clear and clear while the bass response can be described as incredibly strong and precise. They also have active noise cancellation that can help reduce background noise and create an complete listening experience.

Battery Life

The Anker Soundcore Life Q30 offers an amazing battery longevity. The headphones provide an impressive 30 hours of continuous playback time on just one recharge, which can be quite impressive given the features they provide. They also have a an instant-charging feature that permits users to enjoy as long as 10 hours worth of playingback in only 10-minutes of charge.

Price

Anker Soundcore Life Q30 Anker Soundcore Life Q30 costs approximately $100. This is a fantastic value given the features and performance they provide. The headphones are available at many retailers such as Amazon as well as Best Buy.

Conclusion

It is the Anker Soundcore Life Q30 headphones are an excellent option for those searching for headphones for over-ears that come with an array of featureslike an active noise cancelling feature, ultra-clear audio, and a long-lasting battery. The headphones provide amazing audio performance as well as an incredible longevity of the battery, plus come at a reasonable price. If you’re in search of an excellent pair of headphones that fit over your ear then the Anker Soundcore Life Q30 is definitely worth looking into.

How to Get a Free Tan Using a Tan Generator

Are you seeking to achieve a stunning tan, but without the risk from UV radiation? Tan generators could be the solution. Tan generators emit a kind of light that gives you a natural-looking , natural-looking tan that doesn’t carry the risk of extended sun exposure. This article will explain the definition of a tan generator an, the advantages of using one, various ways to use a tan generator and how to utilize an tan-generating device, the best ways to get the perfect look, and how to locate the tan generator that is free.

What is a Tan Generator?

A Tan generator is a product created to provide you with an even tan without the dangers that come with exposure to sunlight. Tan generators make use of the infrared or LED light source to emit a certain kind of light which is absorbed by your skin’s melanin to produce an appearance of natural tan. This kind that emits light is safe and won’t harm the skin or cause negative reactions.

Benefits of Using a Tan Generator

Utilizing a tan generator offers many advantages. It’s a safe and simple method to achieve an even tan without the risk from UV radiation. Tan-generating machines are practical because they can be utilized at the convenience at home. In addition, tan generators can be fast, which means you can have an instant tan.

Different Tan Generator Options

There are a variety of types of tan generators to choose from. The most well-known tanning device comes as a portable device can be used on your body and face. There are tanning beds, booths and lamps that you could make use of. The kind of tan generator you select will be based on your requirements and your budget.

How to Use a Tan Generator

The process of using a tan maker is quite simple. You will first need select the kind of tan generator you would like to make use of. After you have chosen your tan generator, you’ll have to follow the instruction for using it. This usually involves placing your skin in the light for a specific period of time. The amount of time you spend exposed will depend on the kind of tan-generating device you’re employing.

Tips for Getting the Best Tan

If you are using a tan generator it is crucial to follow some guidelines to ensure you get the most beautiful tanning. The first step is to cleanse your skin prior to applying the tan generator in order to eliminate the dead cells of your skin. Also, you should apply an oil-based moisturizer following the tanning process to ensure that your skin stays well-hydrated. Also, it is recommended to use the tan generator in brief intervals, and avoid exposing your skin to the sun’s light.

Finding a Free Tan Generator

Finding a free tan maker isn’t easy, since the majority of tan generators aren’t cost-free. There are a few alternatives available. You can look online on the internet for great free tanning machines, or you can search for promotions or deals from manufacturers of tan generators. You can also ask your family and friends whether they have an tan generator they could use.

Conclusion

Tan generators are the ideal way to obtain an unnatural-looking and safe tan without the dangers from UV exposure. Tan generators are simple and easy to use and there are numerous alternatives that are available. For the best look, be sure to exfoliate prior to tanning, and apply a moisturizer after. Also, look at free tanning generators on the internet or ask family members and friends for one they could borrow. If you do some study and luck, you will be able to locate the tan generator for free and achieve a stunning tan that isn’t too expensive.