Trending December 2023 # Manage Risks And Trade Easily With Phemex # Suggested January 2024 # Top 20 Popular

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The crypto space has seen a boom in the past month. While major currencies are doing well, one token that has thrust into the spotlight in the past month is SOL (Solana).

As of September 9th, Coingecko shows that Solana has jumped to the sixth largest coin by market cap and grown to a market value of $59 billion. One of the reasons for its dramatic rise is the launch of the Degenerate Ape Academy NFT project, and another reason might be the wormhole launch.

The Degenerate Ape Academy project is a collection of 10,000 unique cartoon apes which were randomly generated. The NFTs were sold out in under 8 minutes and helped SOL reach an overall trading volume of around 96,000 SOL.

On the other hand, the bidirectional wormhole allows users to move projects, communities, and platforms across blockchains between Ethereum and Solana.

As Solana reaches its all-time high, many crypto traders and investors are looking to invest in it. Phemex, one of the fastest crypto exchanges and futures trading platforms has listed Solana on its exchange.

What is Phemex?

Phemex is a cryptocurrency exchange based out of Singapore and founded in 2023. The platform is the brainchild of a team of 8 former Morgan Stanley Executives who wanted to create a leverage trading platform that was efficient and simple to use.

This crypto and futures trading platform allows over 300,000 transactions per second with an order time of less than 1 millisecond.

Phemex supports over 37 spot currency assets including BTC, ETH, XRP, LTC, ADA, LINK, DOGE, USDT, and the recently listed SOL.

Zero fees and 100x leverage

Phemex has more than 30+ liquidity providers integrated into their platform and allows premium users to trade crypto with zero fees. The platform has both spot and futures contract trading options and is the industry leader with its low-cost membership model. This makes it easy for users to spot trade cryptocurrencies with zero fees.

Additionally, the platform has crypto futures contracts that can be traded with 100x leverage. Phemex also has a non-crypto GOLD/USD trading pair contract and is working on adding more traditional assets and commodities to their platform.

Contracts and spot trading fees

As far as contract trading is concerned, Phemex has a list of multiple perpetual contracts. It also applies the maker and taker model for trading fees. For limit orders, or orders that provide liquidity to the orderbook, a -0.025% rebate is given. For market orders or orders that work to remove liquidity from the orderbook, a 0.075% fee is charged.

Phemex does not charge any fees for holding positions overnight. Funding fees are charged or issued between long and short positions every 8 hours.

Deposits and withdrawals

The platform does not charge any fees when users deposit or withdraw from their trading accounts.

Phemex charges a reasonable fee for Bitcoin withdrawals (0.0005 BTC) which is low compared to other exchanges.

Premium and earn programs

The Phemex premium option is available to all users who register with the platform. They get a 7-day free trial of premium, in which they can execute spot trades on the spot market with zero fees. They also can access hourly withdrawals without any limits.

Furthermore, Phemex has an Earn Crypto program that allows its users to earn up to 10% APY using fixed and flexible saving options.

Conclusion

The platform also lets users practice crypto trading using simulated trading without having to use real funds. This option could be helpful for novice traders who want to try their hand at trading without any risks.

Phemex is growing its userbase and becoming a pioneer in the crypto space.

For more information on the exchange, please check out Phemex’s Official Website.

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5 Ways Of How Insurers Can Manage Risks In 2023

Nowadays, insurers mainly face with 4 significant risk elements:

Ineffective risk assessment.

Poor diversification strategy.

Inefficient performance in core insurance practices such as claims processing and fraud detection.

Digitalization challenges.

Poor management of these risks resulted in zero or even negative net economic profit for the majority of insurance firms. To be a profitable company, insurers must use technical tools and employ certain strategies. This article will cover them.

1. Implement the most precise underwriting possible

Insurance is the exchange of money for the risk of someone else. If insurers evaluate someone else’s risk incorrectly, they may face bankruptcy. Therefore, precise underwriting or risk assessment is essential for insurance companies to minimize risk.

The problem is that; underwriters have a tradeoff between risk minimizing and market share. Premium price is determined more or less by the value established at the end of the underwriting process. Furthermore, because the best price is the most important factor for insurance clients, underwriters cannot use wide confidence intervals in order to reduce risk exposure as this would increase the premium price.

For a while, the bulk of insurance businesses generated roughly zero economic profit due to this tradeoff (see Figure 2). Underwriters must employ contemporary technology solutions to automate the underwriting process and boost underwriting efficiency in order to become one of the outliers.

Figure 2: Distribution of economic profits of insurance companies.

Effective underwriting is directly related to the amount of high-quality data used and computing power available. As a result, insurers should use the following instruments:

Insuring entities with the same risk characteristics could make insurance companies vulnerable. Consider a climate insurance company that sells policies to farmers to help them mitigate the effects of extreme weather conditions. If this company builds a portfolio by just insuring corn farmers in Iowa, a flood in Iowa could lead to bankruptcy due to an overwhelming number of claims filed in a short period of time.

As a result, professionals employ mean-variance analysis to combine entities with diverse risk characteristics to produce a portfolio with the lowest risk. For example, a street vendor might invest his/her money in umbrellas and ice cream machines that can be used in both rainy and sunny conditions.

AI/ML models are effective tools to perform mean-variance analysis and provide quick and precise results for the insurers.

Reinsuring is another diversification method that insurers should consider. In exchange for money, such policies shift a portion of the risk to another insurer. As a result, they help insurance firms manage risk.

3. Implement claims reserve policy

In many countries, including the United States, insurance companies are required to set up a statutory reserve. This fund meets the liquidity needs of insurance firms during periods of high claim volume.

In the US for example, insurers’ short-term obligations tend to rise after hurricane season. Statutory reserve regulations protect insurance companies financially in such occasions and help them to keep agreements with insureds.

However, a statutory reserve regulation may not always be enough to prevent an insurance firm from insolvency. To be protected in such scenarios, insurers should set up a claims reserve for future possible claims such as:

Reported but not settled claims: An insured person may notify his or her insurance carrier about a car accident in which they were involved. However, the actual cost of damage may not yet be known. Nevertheless, the insurance company knows it will face financial liability soon. To predict it effectively, insurers need claim adjusters.

Incurred but not reported claims: Some incidents might not be reported to insurance companies yet but insurers are aware that they will be reported at some point. Consider a workplace where workers are exposed to hazardous chemicals. If this company uses a workers’ compensation business insurance coverage, the insurance company knows that one day it will be likely to have a claim since your customers might get sued by one of the toxicated employees.

Insurers should examine the sufficiency of statutory reserve and set aside extra funds as a claims reserve if necessary by analyzing historical claim data and projecting and evaluating reported but not resolved and incurred but not reported claims.

4. Improve other core insurance practices

Underwriting, claims processing, and fraud detection are the three pillars that enable insurance. Improvements in any of these procedures allow insurance companies to increase their price margins by lowering costs or increasing customer retention.

Claims Processing

Almost 90% of insureds think their retention rate is influenced by their satisfaction with previous claims processing. As a result, insurance companies must develop a practical claims processing strategy.

Though many people still prefer human touch for claims processing, lots of technologies can automate specific steps of claims processing as Figure 3 represents.

Figure 3: Technologies that enhance specific steps of claims processing.

Source: AIMultiple

Check Bluetooth Capability Easily With These 3 Simple Steps

Check Bluetooth Capability Easily with These 3 Simple Steps Check Bluetooth capability from Device Manager or Settings app

Most PCs nowadays come with built-in Bluetooth support, also called Bluetooth capability.

You can check if your PC has Bluetooth using Settings app or with other methods.

INSTALL BY CLICKING THE DOWNLOAD FILE

To fix Windows PC system issues, you will need a dedicated tool

Fortect is a tool that does not simply cleans up your PC, but has a repository with several millions of Windows System files stored in their initial version. When your PC encounters a problem, Fortect will fix it for you, by replacing bad files with fresh versions. To fix your current PC issue, here are the steps you need to take:

Download Fortect and install it on your PC.

Start the tool’s scanning process to look for corrupt files that are the source of your problem

Fortect has been downloaded by

readers this month.

Bluetooth can be quite useful, but before you can use it, you need to check Bluetooth capability. If Bluetooth file transfer is not working, it’s possible that you’re having some issues with it, so you need to check it with these steps.

How can I add Bluetooth capability to my PC?

If you want to have Bluetooth on your PC, there are two methods you can use:

Use a PC with built-in Bluetooth – All laptops and some desktop computers have Bluetooth capability. If you’re buying a new PC and you need Bluetooth, consider getting a laptop computer.

Use a Bluetooth adapter – If you have a desktop PC and you need Bluetooth functionality, adding a Bluetooth adapter is the fastest way to do that.

How can I check the Bluetooth capability on my device? 1. Use Device Manager

The easiest way to check for Bluetooth support is to use Device Manager. This built-in app allows you to view and configure all the devices and their drivers on your PC.

1. First, press the Win key + X at the same time on your keyboard to open the WinX menu.

2. Select Device Manager on that menu to open the window shown in the shot directly below.

3. What you need to look for on that window is a Bluetooth Radios category. That should be listed somewhere nearer the top of the window.

5. If you locate that section, it means that you have Bluetooth capability on your device.

2. Look for Bluetooth connection in Network connections 3. Check the Settings app

Those who don’t have Bluetooth can still add it to their desktop or laptop with a Kinivo BTD-400 USB dongle. You can plug that into a USB slot on your desktop or laptop.

How can I check the Bluetooth capability on Windows 11?

Windows 10 and 11 share many similarities, and checking Bluetooth compatibility is almost identical on both operating systems.

This means that you can follow the steps from above and use them on Windows 11 as well.

So that’s how to check Bluetooth capability on Windows. In case you don’t have the necessary drivers, visit our guide on how to download the Bluetooth driver.

Still experiencing issues?

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Organize Your Digital Life Easily With My Life Organized

With the new year comes resolutions. I myself have made a few that I am working to keep. Some people I know have vowed to be more organized. Having an Android phone can make getting your digital life more organized if you let it.

My Life Organized is a cool little Android application that lets you treat your life like a project. Think of MLO as a to-do list on steroids. Let me explain.

With a regular to-do list, there are the basic options: task, due date and maybe a sub-task.

This is great if you have things on your list like get milk, pick up dry cleaning and fill out permission slip for Jimmy’s field trip.

What if you are planning a party or you are remodeling the kitchen though? These will have multiple mini projects that need to be completed before the main16 project can be completed. Does this sound like your life? While there is a desktop application (both free and paid versions, I will just be talking about the Android app here) Here is how MLO can help. The paid desktop applications will let you sync with Outlook or the Windows app.

Starting out with My Life Organized

When you download and open the app, you will have a bunch of sample text to show you how to use the app. This can be easily erased or marked as completed.

There really isn’t an obvious menu to switch between the different modes oalign=”left”r sorting options. To switch modes, touch the left side of the top green bar.

This will pull up a list of options. You start in the Inbox, but some other options are:

Outline

Goals

Active Actions

Due next 7 days

Start next 30 days

Nearby

Using MyLifeOrganized

When you start adding goals, tasks and projects, you will see you can add in as much or as little information as you need. For example, when you are adding a task, you can add the usual info and add reminders, but if you look at the picture below, you will see more options. Urgency, which Goal the task is for and Context.

Goals

The goals feature is great. You can add a goal and select timeframe for the goal. If you read any kind of success or productivity book, short and long term goals are talked about a lot. This is a good way to set a goal then add in all of the tasks you need to complete to reach that goal.

Context

Context is a cool feature. It kind of goes with the Getting Things Done (GTD) style of managing your time. You can set a context of @OfficeComputer or @Home to a task. Then, when you are at your office computer, you can use the menu to sort by this context and see everything you need to do while you are at your desk. I thought this was a great way to stay focused.

Conclusion

What I like about this super to-do manager is that it works well if you are following the GTD time management method, but it also works for those of us who do not. The goals and context feature really set this organizational app far apart from the others I have tried.

Do you think this is overkill for a to-do list? If so, what apps do you use to manage your time?

Trevor Dobrygoski

Trevor is a freelance writer covering topics ranging from the Android OS to free web and desktop applications. When he is not writing about mobile productivity, He is coaching and playing the world’s greatest game… Soccer.

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Nokia And Ipcom Trade Blows Over N96 Patent Infringement Suit

Nokia and IPCom trade blows over N96 patent infringement suit

In patent rulings, it’s generally pretty clear which side is the winner and which the loser, but both Nokia and German company IPCom seem to think they’ve come out on top in a recent UK IP case covering 3G technologies. Judge Christopher Floyd found in favor of IPCom’s allegations, this week, that two Nokia devices infringed on UMTS patents bought by the company from Bosch in 2007; however, he also dismissed claims that a further twelve device variants fell foul of the same patents.Meanwhile, Nokia argued that, since the two devices in question are no longer current, what the ruling really amounts to is validation that the company can continue selling those handsets Judge Floyd said did not infringe IPCom’s patents. “We can continue selling those products, now with legal certainty” Nokia told SlashGear, going on to describe IPCom’s accusations as “an aggressive tactic to put pressure on Nokia to agree to discriminatory and unrealistic licensing terms.”

“Nokia is clearly misleading the public on what the court ruled today” IPCom managing director Bernhard Frohwitter told Bloomberg in a statement, going on to suggest that the two devices found to be infringing the patents were still in use. “IPCom is ready to enforce the UK ruling” he concluded.

The identity of the two phones in question was originally kept confidential, though according to the judgement it seems that two versions of the Nokia N96 are at fault. Nokia modified the original N96 in an attempt to remove any infringement, but the second version was deemed to still use IPCom’s technologies.

However, the N96 began shipping back in September 2008, and was effectively succeeded by the N97 in mid-2009. We’re not entirely sure where IPCom’s suggestion that the handset is still in use comes from. Nokia plans to appeal against the N96 finding in any case, and – in their full statement, below – denies that IPCom’s technologies are, in fact, “a mandatory element of the UMTS standard” and used in all phones.

You can download the entire ruling here [PDF link]

Nokia Statement:

“We are pleased that the UK High Court declared that Nokia’s current products do not infringe the patent. This means that we can continue selling those products, now with legal certainty, despite claims to the contrary made by IPCom.

IPCom’s press release reflects a severe misunderstanding of Justice Floyd’s decision. He ruled that Nokia devices, no longer on sale, which had older software versions (A1 & A2) infringed the amended patent but that newer versions B-G, incorporating our workarounds, did not infringe the amended patent (see paragraph 214, the conclusion of the judgment). And as our current products do not infringe the amended patent, there can be no injunction against them and we can continue selling those products.

IPCom’s assertion that the patent covers “a mandatory element of the UMTS standard” … “used in all UMTS phones” is also inaccurate. UK operators provided statements to the Court to confirm that the feature had never been implemented in UK networks. German operators have confirmed that the same is true for networks in Germany.

We respectfully disagree with the Court’s view that the patent is valid in amended form, and that some of our older products may have infringed the amended patent. We intend to appeal that part of the decision. Nokia and others have also filed oppositions against this patent at the European Patent Office, which will rule on its validity at a later date.

IPCom’s patent infringement allegations are an aggressive tactic to put pressure on Nokia to agree to discriminatory and unrealistic licensing terms, which we will continue to defend vigorously. The UK High Court’s decision today continues the trend that, of more than 50 IPCom patents which have so far come to judgment, none have been found valid as granted, suggesting that its claims for the value of its portfolio have been overstated.”

The Opt Out: The Rewards And Risks Of Lying To Tech Companies

You are more than a data point. The Opt Out is here to help you take your privacy back.

ALGORITHMS are what they eat. These intricate pieces of code need nourishment to thrive and do accurate work, and when they don’t get enough bytes of good-quality data, they struggle and fail.

I encountered a malnourished algorithm when I looked at my 2023 Spotify Wrapped and saw my favorite artist was Peppa Pig. I frowned, befuddled. Why did Spotify think the cartoon piglet was my latest obsession? Then I remembered I’d spent a week with my 2-year-old niece over the summer, and how playing Peppa Pig songs on my phone was the only way to keep her entertained.

Well, that made more sense.

But I soon realized that the little porker had mucked up even more than my year in review: My recommendation algorithm was a mess as well. For weeks, at least one out of the four Daily Mix playlists the platform put together for me included compilations of music for kids.

A camouflage suit made out of bad data

Feeding the algorithms in your life bad data is called data poisoning or obfuscation, and it’s a technique that aims to obscure your true identity by generating a large quantity of inaccurate information. The concept refers to synchronized attacks that deliberately seek to erase or alter the datasets fueling a platform’s algorithms to make them underperform and fail. This requires specific skills and know-how, as well as a lot of computing power.

Where data poisoning can fail

If this all sounds too simple, you’re right—there are some caveats. Using fake information when you sign up for something might be pointless if the platform builds and refines your profile by aggregating numerous data points. For example, if you say you’re in California but consume local news from Wisconsin, list your workplace in Milwaukee, and tag a photo of yourself on the shore of Lake Michigan, the platform’s baseline assumption that you live in the Golden State won’t matter much. The same thing will happen if you say you were born in 1920, but you like content and hashtags typically associated with Generation Z. Let’s face it—it’s totally plausible for an 82-year-old to be a huge Blackpink fan, but it’s not terribly likely. And then there’s the risk that a service or site will require you to provide real identification if you ever get locked out or hacked.

Playing content that doesn’t interest you while you sleep may throw off the recommendation algorithms on whatever platform you’re using, but doing so will also require resources you may not have at your disposal. You’ll need a device consuming electricity for hours on end, and an uncapped internet connection fast enough to stream whatever comes through the tubes. Messing with the algorithms also messes up your user experience. If you depend on Netflix to tell you what you watch next or Instagram to keep you updated on emerging fashion trends, you’re not likely to enjoy what shows up if the platform doesn’t actually know what you’re interested in. It could even ruin the entire app for you—just think what would happen if you started swiping left and rejecting all the people you actually liked on a dating app.

Does any of this matter?

Maybe you need to read this to believe it, but we don’t need to comply with everything online platforms ask of us. Data poisoning is neither dishonest nor unethical. It’s us users reclaiming our information in any way we can. As Jon Callas, a computer security expert with the Electronic Frontier Foundation told me, we have no moral obligation to answer questions tech companies have no right to ask. They’re already accumulating thousands of data points on each and every one of us—why help them?

At the end of the day, it doesn’t matter whether data poisoning is highly or barely effective. We know it does something. And at a time when companies don’t have our best interests at heart and regulation is light years behind thanks to the billions of dollars tech companies spend lobbying elected officials, we the users are on our own. We might as well use every strategy we can to protect ourselves from constant surveillance.