Crypto
Why Solana's Big Investors Are Now Betting on a Newly Emerging Cryptocurrency
TLDR
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Solana’s (SOL) wallets will receive a significant share of tokens from Jupiter’s airdrop.
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Jupiter is a popular DeFi aggregator on Solana.
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NuggetRush’s (NUGX) mining game has stunned investors with its 30% market increase.
Solana’s (SOL) recent rally could increase following the ongoing Jupiter airdrop on the network. Analysts expect Jupiter’s popularity to boost network activity on Solana.
Yet, investors are turning to NuggetRush (NUGX) and its mining adventure after its presale raised over $1 million since its launch. Early NUGX buyers are holding a potential 30% profit. Yet, can NUGX become one of the top crypto coins in 2024?
>> Buy NuggetRush Now <<
Jupiter Airdrop Adds to Excitement For Solana Holders After Recent Rally
The Solana (SOL) community is in high spirits after the sharp growth in its network activity over the past few weeks. Since early November, Solana’s (SOL) market capitalization has risen from $16 billion on November 1 to around $29.9 billion by December 3.
SOL has also recorded a stunning market performance, growing by over 80% since early November. SOL traded at $38.52 on October 31. Four weeks later, SOL jumped by 55.2% to $59.80. It remained bullish, rising by 18.7% to $71.00 by December 17.
Solana’s (SOL) trading activity could jump following the recent growth of Jupiter, a DeFi aggregator on the network. Jupiter is holding an airdrop for its community members. The network has also announced a January airdrop that would distribute 1 billion JUP tokens to Solana (SOL) user wallets.
This could increase network activity on Solana as users will aim to capitalize on the Jupiter airdrop. This could further push SOL’s value up by 15.9% to $82.30. If Solana keeps rising, it could be one of the best DeFi projects of 2023.
NuggetRush: Artisanal Mining Adventures Packed with NFT Rewards
NuggetRush (NUGX) is a miner’s adventure paradise. It features a realistic game where players must conquer the challenges of artisanal mining, earning valuable rewards while collaborating with other players. NuggetRush (NUGX) allows players to explore their adventurous side, stepping into the dirt in search of valuable mineral resources.
The game is a perfect way to explore what it means to be an artisanal miner. Players will need to assemble an efficient team of miners and business experts. They will help players turn their mining efforts into a profitable business.
NuggetRush (NUGX) players will make money by selling valuable game assets on its marketplace.e These game assets include mined resources, NFT minor characters, and equipment.
NuggetRush (NUGX) also goes further, offering NFT staking, thus allowing users to earn money without selling their game holdings. It also allows players to earn gold rewards via special NFTs called RUSHGEMS. Finally, members of its RUSH GUILD will enjoy governance benefits and access to restricted areas within the game.
NuggetRush (NUGX) has generated over $1 million since the start of its presale. Its blockchain ICO is one of the fastest-selling assets after investors purchased over 92 million tokens. NUGX is in round three of its presale with a price of $0.013!
Visit NuggetRush Presale Website
Crypto
New Opportunities for Businesses with Cryptocurrency Wallets | Fingerlakes1.com
Cryptocurrency wallets are no longer a niche tool for tech enthusiasts, they’re quickly becoming a must-have for businesses looking to adapt and grow.
These digital wallets allow companies to store, manage, and accept cryptocurrencies securely, offering a host of advantages for businesses worldwide.
With the rise of blockchain technology, tools like a crypto wallet for your business are helping organizations unlock new opportunities for speed, security, and global expansion.
In this article, we’ll break down how cryptocurrency wallets can transform businesses, highlighting their features, benefits, and real-world applications.
Key Features of Cryptocurrency Wallets for Businesses
Security:
Cryptocurrency wallets use advanced blockchain technology to protect against fraud, hacking, and data breaches.
Each transaction is recorded on an immutable ledger, ensuring transparency and minimizing the risk of manipulation.
For businesses, this translates to a higher level of trust and reduced exposure to fraud.
Efficiency:
Speed is everything in today’s business world.
With crypto wallets, transactions are processed much faster compared to traditional banking methods.
No waiting days for wire transfers, payments are completed in minutes, whether it’s across town or across the globe.
Global Access:
Unlike traditional payment methods, cryptocurrency wallets aren’t restricted by borders or currency conversions.
Businesses can seamlessly operate in international markets, offering customers an easy and affordable way to pay without dealing with exchange rates or high transaction fees.
Opportunities Provided by Crypto Wallets
The growing popularity of cryptocurrency isn’t just hype, it’s backed by numbers.
As of 2024, approximately 562 million people own some type of cryptocurrency, which represents about 6.8% of the global population, according to a recent survey by Triple A.
For businesses, these millions of crypto wallets unlock a wide range of opportunities:
Expanding Customer Base: Tech-savvy customers and international audiences are increasingly turning to cryptocurrencies for their purchases.
Businesses that accept crypto payments can attract a wider audience, including customers in regions with limited access to traditional banking systems.
Cost Savings: Traditional payment processors and credit card networks come with hefty transaction fees.
Cryptocurrency payments, on the other hand, have significantly lower fees, especially for international transactions.
Over time, these savings can make a real impact on a company’s bottom line.
Revenue Growth: By accepting cryptocurrencies, businesses can tap into a growing market segment and create new revenue streams.
Whether it’s Bitcoin, Ethereum, or stablecoins, crypto acceptance positions businesses as forward-thinking and innovative.
Financial Independence: Crypto wallets allow businesses to operate independently of banks and intermediaries.
Companies gain full control over their finances and can send or receive payments anytime, anywhere, without relying on third-party approval.
Use Cases for Businesses
Cryptocurrency wallets are already transforming industries, helping businesses reduce costs, improve efficiency, and attract new customers.
Here are a few specific examples:
- E-commerce and Online Services: Online retailers are increasingly adopting crypto wallets to reach global customers and reduce transaction fees. By accepting cryptocurrencies, e-commerce platforms eliminate middlemen and offer faster, cheaper payments.
- Gaming and Entertainment: The gaming industry has embraced cryptocurrency as a payment method for in-game purchases, subscriptions, and digital goods. Crypto wallets offer gamers a seamless way to pay while enabling businesses to attract a tech-savvy audience.
- Forex and Trading Platforms: Crypto wallets are a natural fit for forex and trading businesses, allowing them to accept and process digital assets quickly and securely. This improves liquidity and gives traders more flexibility with their investments.
Real-World Case Study:
In 2014, large ecommerce retail Overstock.com started accepting crypto payments and they then reported that 5.6% of all their sales for the following year were attributed to crypto.
By removing transaction barriers and offering a flexible payment option, they successfully expanded their global reach and boosted sales.
Conclusion
Cryptocurrency wallets are opening up new opportunities for businesses to grow, adapt, and thrive in a digital-first world.
From enhanced security and cost savings to faster transactions and global accessibility, the benefits are hard to ignore.
By adopting a reliable crypto wallet for your business, you’re not just staying ahead of the curve, you’re setting your company up for long-term success.
With crypto adoption on the rise, there’s never been a better time to explore the future of payments.
This content is brought to you by the FingerLakes1.com Team. Support our mission by visiting www.patreon.com/fl1 or learn how you send us your local content here.
Crypto
reAlpha Plans to Allocate up to 25% of Excess Cash to Cryptocurrency Purchases
Article content
DUBLIN, Ohio, Dec. 19, 2024 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced that its board of directors has approved an investment policy for the purchase of cryptocurrencies and to adopt Bitcoin, Ethereum and Solana (collectively, the “cryptocurrencies”) as reAlpha’s primary treasury reserve assets. The Company plans to allocate up to 25% of its cash in excess of its estimated 6-month period operating expenses, if any, towards cryptocurrency purchases, subject to market conditions and actual operating needs of the Company, reflecting the Company’s commitment to innovative capital management and diversification strategies.
Article content
Cryptocurrencies are recognized as a decentralized store of value, and the decision to adopt cryptocurrencies as reAlpha’s primary treasury reserve assets is part of its strategy to diversify its treasury holdings, which is currently only comprised of cash.
“This board-approved initiative demonstrates our forward-looking approach to capital management,” said Giri Devanur, Chief Executive Officer of reAlpha. “By adopting this new investment policy and allocating a portion of our excess cash to cryptocurrencies after accounting for our operating needs and acquisition opportunities, we aim to diversify our treasury holdings and position reAlpha to adapt to changing market conditions and growing global acceptance of cryptocurrencies, while retaining the flexibility to execute our growth initiatives.”
The cryptocurrencies are expected to serve as reAlpha’s primary treasury reserve assets on an ongoing basis, subject to market conditions and the anticipated cash needs of reAlpha. reAlpha will monitor its future cryptocurrencies holdings closely to adjust its allocation strategy in response to market conditions or evolving regulatory frameworks, if needed.
Article content
For more details regarding reAlpha’s cryptocurrency treasury strategy and investment policy, please refer to the Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (the “SEC”) and supplemental disclosures included therein.
About reAlpha Tech Corp.
reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit www.reAlpha.com.
About the reAlpha Platform
reAlpha (previously called “Claire”), announced on April 24, 2024, is reAlpha’s generative AI-powered, commission-free, homebuying platform. The tagline: No fees. Just keys.™ – reflects reAlpha’s dedication to eliminating traditional barriers and making homebuying more accessible and transparent.
reAlpha’s introduction aligns with major shifts in the real estate sector after the National Association of Realtors agreed to settle certain lawsuits upon being found to have violated antitrust laws, resulting in inflated fees paid to buy-side agents. This development is expected to result in the end of the standard six percent sales commission, which equates to approximately $100 billion in realtor fees paid annually. The reAlpha platform offers a cost-free alternative for homebuyers by utilizing an AI-driven workflow that assists them through the homebuying process.
Article content
Homebuyers using the reAlpha platform’s conversational interface will be able to interact with Claire, reAlpha’s AI buyer’s agent, to guide them through every step of their homebuying journey, from property search to closing the deal. By offering support 24/7, Claire is poised to make the homebuying process more efficient, enjoyable, and cost-efficient. Claire matches buyers with their dream homes using over 400 data attributes and provides insights into market trends and property values. Additionally, Claire can assist with questions, booking property tours, submitting offers, and negotiations.
Currently, the reAlpha platform is under limited availability for homebuyers located in 20 counties in Florida, but reAlpha is actively seeking new MLS and brokerage licenses that will enable expansion into more U.S. states.
For more information, please visit www.reAlpha.com.
Forward-Looking Statements
The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about reAlpha’s adoption of its cryptocurrency treasury strategy and investment policy; the anticipated benefits of the cryptocurrency treasury strategy and investment policy; reAlpha’s ability to anticipate the future needs of the short-term rental market; future trends in the real estate, technology and artificial intelligence industries, generally; and reAlpha’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: risks inherent with investing in cryptocurrencies, including related price volatility, cybersecurity threats, potential loss of investment, regulatory oversight and others; reAlpha’s ability to timely respond to any changes in its operating needs, market conditions or regulatory framework related to digital assets, including cryptocurrencies; risks relating to implementing a new treasury strategy and investment policy; reAlpha’s limited cash position and ability to have excess cash in order to advance its cryptocurrency treasury strategy and investment policy; reAlpha’s ability to accurately estimate its operating expenses for any subsequent 6-month period in order to advance its cryptocurrency treasury strategy and investment policy; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for its acquired companies’ products and services; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to obtain the necessary regulatory and legal approvals to expand into additional U.S. states and maintain, or obtain, brokerage licenses in such states; reAlpha’s ability to generate additional sales or revenue from having access to, or obtaining, additional U.S. states brokerage licenses; the inability to maintain and strengthen reAlpha’s brand and reputation; reAlpha’s ability to expand its operations nationwide by the end of 2025; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets; the potential loss of key employees of its acquired companies, including, but not limited to, the broker providing services on behalf of US Realty, one of reAlpha’s subsidiaries; reAlpha’s inability to accurately forecast demand for short-term rentals and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Company Contact
Investor Relations
investorrelations@realpha.com
Media Contact
Alliance Advisors IR on behalf of reAlpha
fbhabrawala@allianceadvisors.com
Crypto
Warning Crypto Investors—This Malicious Code Could Empty Your Wallet
Recent reports have uncovered a series of malicious extensions in the Visual Studio Code, or VSCode, marketplace, targeting software developers and cryptocurrency enthusiasts with sophisticated attacks designed to compromise their systems and steal sensitive data. VSCode is a popular code editor used by millions of developers worldwide.
Security researcher Amit Assaraf recently revealed how attackers are exploiting the VSCode marketplace. Assaraf uncovered extensions that appeared to offer valuable features but were, in fact, Trojan horses for malware. One extension, masquerading as an official Zoom integration, seemed legitimate, boasting numerous installs and positive reviews. However, upon installation, the extension downloaded a malicious script from a Russian server, executing unauthorized commands on victims’ machines.
The attackers had carefully crafted their extensions to look authentic. They used fake reviews, linked to reputable repositories, and inflated download counts to make the tools appear credible—practices that can lull even experienced developers into a false sense of security.
Crypto in the VSCode Crosshairs
Further investigations revealed that this malicious activity is part of a broader campaign targeting developers working in blockchain and cryptocurrency environments. Reporting from BleepingComputer noted that some of these extensions claimed to support Ethereum development or blockchain toolkits. They also provided the following list of ones that were submitted to the VSCode marketplace:
- EVM.Blockchain-Toolkit
- VoiceMod.VoiceMod
- ZoomVideoCommunications.Zoom
- ZoomINC.Zoom-Workplace
- Ethereum.SoliditySupport
- ZoomWorkspace.Zoom (three versions)
- ethereumorg.Solidity-Language-for-Ethereum
- VitalikButerin.Solidity-Ethereum (two versions)
- SolidityFoundation.Solidity-Ethereum
- EthereumFoundation.Solidity-Language-for-Ethereum (two versions)
- SOLIDITY.Solidity-Language
- GavinWood.SolidityLang (two versions)
- EthereumFoundation.Solidity-for-Ethereum-Language
Adding to these findings, researchers at ReversingLabs uncovered how the VSCode campaign overlaps with similar malicious activity in the npm package repository. An npm package is a piece of reusable code that can be easily shared, distributed and integrated into software projects. These packages are used to build applications faster by reusing common functionalities, rather than writing everything from scratch. In their report, ReversingLabs explained how attackers often use multiple platforms to spread their malware, creating a more extensive attack surface that targets developers across ecosystems.
The Vulnerabilities Of The VSCode Ecosystem
While VSCode is celebrated for its versatility and user-friendly extension system, these same features make it a prime target for attackers. The issues stem from several vulnerabilities within the extension ecosystem:
- Unverified Publishers: Most of the extensions in the VSCode marketplace come from unverified publishers. This leaves developers with little assurance about an extension’s authenticity.
- Trust in Metrics: Developers often rely on install counts and reviews to gauge an extension’s credibility. Attackers exploit this trust by inflating these metrics and posting fake reviews.
- Limited Oversight: Despite Microsoft’s efforts to monitor and remove malicious extensions, the sheer volume of offerings in the marketplace makes it challenging to detect threats promptly.
VSCode: A Secondary Threat
Cryptocurrency wallets, whether stored on a computer or secured with a hardware wallet, are critical tools for managing digital assets. While these wallets are designed to protect private keys and transactions, the surrounding software environment—such as VSCode—can introduce vulnerabilities that put funds at risk, especially for wallets stored on a computer. Recent discoveries of malicious VSCode extensions demonstrate how a compromised development environment can lead to significant crypto losses, even for those who believe their wallets are secure.
The VSCode Threat to Computer Wallets
For users storing cryptocurrency on a desktop wallet, the risks posed by malicious VSCode extensions are immediate and direct. Here’s how it can happen:
- Keystroke Logging: A malicious VSCode extension, installed unknowingly, can quietly monitor and log every keystroke. If a user types in their wallet password, private keys or recovery phrases, this sensitive information is captured and sent to the attacker. Even the most secure desktop wallet becomes vulnerable if its credentials are exposed.
- Clipboard Hijacking: During transactions, users often copy and paste wallet addresses to avoid manual errors. Malware embedded in a VSCode extension can intercept clipboard activity, replacing the intended wallet address with the attacker’s. Without double-checking the address, the user may unknowingly send funds directly to the hacker.
- Fake Prompts or Interfaces: Some malicious extensions inject phishing-style prompts into the software environment, asking users to “verify” their wallet credentials or seed phrases. These prompts appear legitimate, but the data entered is captured by the attacker.
- Manipulated Transactions: For developers working with blockchain APIs, malicious extensions can intercept and alter transaction details. For instance, if a wallet is used to send funds programmatically, an attacker could change the destination address or transaction parameters without the user noticing.
Imagine a blockchain developer using VSCode to build an app that integrates with their desktop wallet for testing purposes. They install an extension claiming to simplify Ethereum contract deployment. Unbeknownst to them, the extension is malicious. It begins logging keystrokes and steals the wallet password. When the developer initiates a test transaction, the extension intercepts the API call and replaces the intended recipient address with one controlled by the attacker. The funds are irretrievably sent to the wrong destination.
These revelations are a wake-up call for developers and platform administrators alike. The trust users place in extension marketplaces is being weaponized. Relying on trust metrics alone—such as download counts or reviews—is not sufficient. Developers must remain vigilant and take proactive measures to protect their environments and their cryptocurrency.
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