**Cryptocurrency News:**
• Meta Platform Inc., formerly known as Facebook, released its first-quarter 2022 results on Wednesday, reporting that its Reality Labs unit, which focuses on the company’s metaverse, posted a $2.9 billion loss in Q1 of 2022.
• Bitcoin miner Riot announced Wednesday plans to expand its mining capacity by up to 1 gigawatt in a new facility located in Navarro County, Texas.
• US startup Rain has raised $6 million in seed funding to provide corporate credit cards for decentralized autonomous organizations.
• The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment.
• According to a research report, $1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by researchers, further highlights that 97% of the stolen funds derived from decentralized finance protocol exploits.
• Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrencyijt6zgelated activities in the country is still illegal.
• The Nepal Telecommunications Authority has issued a warning that crypto activities are illegal. The regulator emphasized that websites, apps, and online networks related to crypto activities are prohibited to be used, operated, or managed within the country.
• Finland is planning to donate bitcoin Seized from various criminal investigations undertaken by its government to Ukraine, Finnish paper Helsingin Sanomat reported, citing government sources.

** CoinMarketCap Top 10 Trending Cryptos:**
1. GMT
2. STG
3. KNC
4. GST
5. VRA
8. SOL
9. BTC
10. APE

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