Month: January 2023

Crypto Market Pullback: Bitcoin Holds Steady Amid 3.5% Drop

• Crypto market capitalization dropped 3.5% in the past 24 hours following a decline in U.S. equity markets.
• Ether and dogecoin led the slide among major tokens, falling more than 5%, Cardano’s ADA and Polygon’s MATIC dropped 4%, while bitcoin lost just 1.6%.
• Outside of majors, avalanche (AVAX) fell 7.7% while lido (LDO) dropped over 10%, ending a multi-week bump that saw the token’s value jump 135% in the past month.

The crypto market has seen a pullback in the past 24 hours, following a decline in U.S. equity markets. Major tokens such as Ether, Dogecoin and Cardano’s ADA have all seen decreases, while Bitcoin has held relatively steady, with a 1.6% decrease. This has caused a 3.5% drop in the crypto market capitalization, to just over $1 trillion.

Ether and Dogecoin have both seen over 5% decreases, while Cardano’s ADA and Polygon’s MATIC have dropped 4%. Outside of major tokens, Avalanche (AVAX) has seen a 7.7% decrease, while Lido (LDO) has dropped over 10%. This has ended a multi-week bump that saw Lido’s value jump 135% in the past month.

Conversely, a few tokens have seen increases in the past 24 hours, including Quant (QNT) and Aptos (APT), which have both risen over 4%. The increases in these tokens, combined with the relative stability of Bitcoin, have helped to cushion the effects of the crypto market pullback.

In addition, the pullback has caused upward of $173 million in longs, or bets on higher token prices, to be liquidated. Ether futures saw $86 million in liquidations, while traders of Bitcoin futures lost $46 million.

Overall, the current pullback appears to be more of a bull breather than a bear trend. With Bitcoin still relatively stable, and with a few tokens still trading in the green, the crypto market appears to have the potential to soon recover.

Frontier Launches In-Browser Wallet Extension with 35 Supported Blockchains

• Frontier launched an in-browser wallet extension for 35 supported blockchains that allows users to interact with staking, transactional and non-fungible token (NFT) activities.
• The wallet can be used to stake tokens, store and transfer NFTs and even transfer tokens between various networks.
• The wallet supports newer blockchains such as Aptos and Sui, which have seen strong interest and engagement in crypto circles in the past few months.

Decentralized finance (DeFi) protocol Frontier has recently launched an in-browser wallet extension that enables users to interact with staking, transactional, and non-fungible token (NFT) activities over 35 supported blockchains. This extension provides users with a unified platform that allows them to securely interact with any decentralized applications (dapps) in one place, eliminating the need to switch between various applications.

The wallet offers a variety of features that make it suitable for a wide range of use cases. With the wallet, users can stake tokens, store and transfer NFTs, and even transfer tokens between different networks, which is known as bridging. Additionally, it supports newer blockchains such as Aptos and Sui, which have seen an increase in interest and engagement in the cryptocurrency community over the past few months.

In addition to these features, the wallet also offers enhanced security. The wallet supports hardware-based security, meaning users can store their assets in a hardware wallet such as a Ledger or Trezor. Furthermore, the wallet also supports multi-signature authentication, which requires two or more users to authorize a transaction before it can be completed.

Overall, the new Frontier in-browser wallet is a great addition to the DeFi space, offering users a unified platform for managing their tokens, staking, and transferring NFTs across various blockchains. With its enhanced security features and support for newer blockchains, the wallet is sure to attract a wide range of users.

North Korean Hackers Steal $100M in Harmony Network Attack

• A North Korean hacking group is suspected of carrying out a $100M Harmony network hack
• A pseudonymous blockchain sleuth reported that a part of the funds involved in the attack, worth $63.5 million, was moved over the weekend
• Crypto exchange Huobi blocked the funds involved in the hack on Monday morning

The crypto world was rocked on Monday morning by news of the purported involvement of North Korea’s Lazarus Group in a $100 million hack on the Harmony network. According to an analysis by blockchain research firm Elliptic, the group is believed to have been behind the attack.

Pseudonymous blockchain sleuth ZachXBT reported that a part of the funds involved in the attack, worth $63.5 million (~41,000 ETH), was moved over the weekend. He alerted on Twitter that the funds had been moved through Railgun before being consolidated and deposited in three different exchanges.

Crypto exchange Huobi was quick to respond, blocking the funds involved in the hack on Monday morning. The exchange issued a statement regarding the matter, saying, “Huobi has blocked key addresses associated with the Harmony hack, and actively monitors for deposits, withdrawals and trading related to the malicious addresses. The exchange is working with the Harmony team to ensure that funds remain safe and secure.”

The incident highlights the need for heightened security measures in the crypto world, especially with the increasing threat of attacks from state-sponsored hackers. It also serves as a reminder of the importance of blockchain forensics in the detection of suspicious activity on the blockchain.

The news has sparked discussions in the crypto community and beyond, with many users noting the need for more robust security measures and better user education when it comes to crypto security.

Decentralized Crypto Revenue to Surge 16x in Next 10 Years: Bernstein

• Bernstein expects total crypto revenue to grow from around $25 billion in 2023 to about $400 billion by 2033.
• Of the estimated $400 billion revenue pool, Bernstein says that “decentralized blockchain-driven revenue” will account for nearly half of the total revenue pool from only 15% today.
• Consumer and finance applications are expected to account for about 75% of on-chain revenue from around 40% last year.

According to a research report released by Bernstein on Monday, the crypto industry is set for a decade-long “golden age” of innovation, with total crypto revenue estimated to jump sixteenfold in the next ten years. The report states that total crypto revenue is expected to climb from around $25 billion in 2023 to approximately $400 billion by 2033.

In terms of the revenue pool, the report suggests that a large percentage of it will be derived from decentralized blockchain-driven revenue. This is expected to account for nearly half of the total revenue pool, up from only 15% today. Consumer and finance applications are expected to make up about 75% of on-chain revenue, significantly more than the 40% it represented last year.

The report further states that on-chain revenue is anticipated to inflect from less than around $4 billion today to close to almost $200 billion in the next ten years, driven by “innovation in blockchain scalability and application growth across financial services and consumer tech segments.” This includes decentralized exchanges (DEX), lending, and structured/tokenized products, which are expected to be the lead drivers of on-chain financial applications.

The report concludes that this year will lay the foundations for a decade-long “golden age” of crypto innovation, as crypto pivots from a fat infrastructure thesis to a fat application thesis. If the report’s estimates are correct, it could mean that the crypto industry is set to undergo a massive transformation in the near future.

How Does PayPal Earn Money

PayPal is among the most popular online payment services. It lets users send and receive money, buy online, and pay easily. It is used by millions of individuals and companies around the globe. What exactly is it that makes PayPal earn money? This article will take a look at the various ways PayPal earns its money.

Fee Structure

The primary source of income for PayPal is the fee structure. When users make a purchase, PayPal charges a fee for the transaction. The fee is based on the kind of transaction made and the country in which it is being processed. Generally, PayPal charges 2.9% plus $0.30 per transaction. This charge is deducted from the total amount of the payment.

PayPal’s Business Model

PayPal operates on the basis of a business model which allows it to earn revenue through its users. When a person makes a purchase using PayPal the company will charge an amount per transaction. PayPal also charges additional fees for services, such as exchange rates, international payments and dispute resolution. PayPal also earns revenue from its payment processing service that allow merchants to accept payment from customers.

Credit and Debit Card Transactions

PayPal also earns revenue through debit and credit card transactions. If a person makes a purchase using debit or credit card PayPal will charge a transaction fee. The cost is usually proportional to the value of the purchase. PayPal will also charge fees to transactions with foreign currency and can range between 2.5 percent to 3.5 percent from the amount.

Interest and Exchange Rate Fees

PayPal also earns revenue from interest and exchange fees. PayPal provides a range of services that require customers to convert their currency. When users make use of such services PayPal is charged a charge to exchange the currency. The cost is usually an amount that is a percentage of the amount that the transaction was made. Furthermore, PayPal earns interest on the funds customers have accumulated within their PayPal accounts.

PayPal Cash and Cash Plus

PayPal Cash and Cash Plus are two of PayPal’s services which allow users to manage their funds. By using PayPal Cash, customers are able to save their money in a secure online wallet and make use of them to purchase products and services. PayPal Cash Plus adds features like the ability to use a debit card as well as cashback rewards. PayPal earns a commission from those who use these services.

PayPal Working Capital

PayPal Working Capital is a loan product that lets businesses gain access to cash fast. It’s designed to assist companies manage their cash flow and grow their business. When companies use PayPal Working Capital, PayPal will charge a fee for the service. The cost is usually an amount that is a percentage of the amount of the loan.


PayPal is among the top payment systems that is digital. It lets users transfer and receive cash, shop online, and pay easily. It’s utilized by millions of individuals and companies around across the globe. PayPal earns its money through its fee structure as well as debit and credit card transactions Interest and exchange rate fee, PayPal Cash and Cash Plus and PayPal Working Capital. Each of the revenue streams assist PayPal deliver its services to customers all over the world.

How to Change Your Amazon Billing Address After the Fact

An Amazon account can be a convenient option that lets you purchase anything you require on the internet quickly and conveniently. When you create the Amazon account, you’re required to supply your billing address in order to facilitate the process of buying items and proving your identity. What happens if you want to alter the address of your Amazon billing address later on?

In this article, we’ll explain what is an Amazon bill-paying address is and the reasons you might need to modify it, and what you can do to change your billing address within Your Amazon account. We will also give other tips to help keep track of and manage your Amazon account. With this knowledge, you’ll be able ensure that the information on your Amazon account is current and safe.

What is Amazon Billing Address?

It is the Amazon account’s billing address corresponds to the one associated to the Amazon account. It can be used to verify your identity when you purchase items , and to mail receipts as well as other related documents. If you provide the billing address of your account, Amazon can ensure that your purchases are safe and that any required refunds are sent to the correct address.

Why Change Your Billing Address?

There are many reasons you might need to alter you Amazon account’s billing information. For instance, if relocate to a new residence you’ll need to change your billing address in order to ensure your purchases are shipped in the proper address, and in order to ensure that refunds are made to the correct place. Also, if recently changed your name or discovered an error in the address that you gave, you might need to correct your billing address to make sure it’s correct.

How to Update Your Billing Address in Your Amazon Account

Making changes to your billing information in the account of your Amazon accounts is a simple procedure. These are steps you’ll have to follow:

Step 1: Sign Into Your Amazon Account

First, you must sign in to the account you have created with your Amazon account. This can be done by visiting the Amazon homepage and entering your username and password.

Step 2: Locate Your Account Settings

After you’ve logged in, you’ll have to locate your account’s settings. To achieve this, select”Accounts & Lists” and then click on the “Accounts & Lists” tab at the top of the page. after that, click “Your Account”.

Step 3: Edit Your Billing Address

When you have logged into the settings of your account, you’ll have to select the “Addresses” tab and select “Edit” under your billing address. There, you can change your address, and then select “Save” when you are completed.

Step 4: Confirm Your Updated Information

After you’ve saved your new address, you’ll need to verify your data. To confirm you need to click “Confirm” and then enter the code Amazon provides to your email.

Additional Tips

When you update the billing information on your account, it’s crucial to verify that all your information is correct. This includes your address, name telephone number, address, along with your email addresses. It is also an excellent idea that you keep all your Amazon account information up-to the latest by regularly altering your password. This will assure that your Amazon account remains secured.


The process of changing the address of your Amazon billing information is a fairly simple procedure. If you follow the steps in the article you’ll be able update your billing address on your Amazon account swiftly and effortlessly. This way, you will be able to ensure you have a account that is safe and current.