Nifty News: Walmart steps into the Metaverse, @NFT founder hacked and more

  • Venezuela Might Have Cryptocurrency ATMs Again Soon

    While Venezuela has been a leading country for cryptocurrency adoption in Latam, its citizens don’t have access to cryptocurrency ATMs. However, this might change in the future, as Bitbase, a crypto ATM company, is currently in talks with Venezuelan authorities and banks to install some of its machines and stores in the country. Bitbase in Talks to Bring Crypto ATMs to Venezuela Bitbase, a cryptocurrency services company, is in talks with government and banking authorities to offer crypto ATM services in Venezuela. Enrique de los Reyes, the Bitbase representative in the country, told Criptonoticias they have been eyeing Venezuela since

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  • Solidus AI Tech Raises $5.4 Million in Funding and Unveils New Partners

    PRESS RELEASE. High-performance computing (HPC) company Solidus AI Tech has raised $5.4 million and are now entering their 3rd round of funding. Solidus AI Tech is working to solve the problem of the lack of European HPC facilities in the global top 10. Only producing 5% of computing power despite being the consumer of one-third of HPC resources. It is bridging the gap across a number of industries such as the automotive industry, face & voice recognition, medical industry, sales automation & lead generation, among others. It is an advocate of the “Crypto Climate Accord”, an initiative to de-carbonise the

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  • Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments

    Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft Law ‘On Digital Currency’ to Regulate Crypto Turnover in Russia The Ministry of Finance of the Russian Federation has presented to the federal government in Moscow legislation tailored to fill the regulatory gaps in the country’s crypto space, remaining after last year’s enforcement of the law “On Digital Financial Assets.” According to an announcement published

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  • Bitcoin, Ethereum Technical Analysis: ETH Finds Temporary Support, After Hitting 3-Week Low

    Ethereum found support on Tuesday, following a drop to a three-week low earlier in today’s session. This comes as the price of bitcoin also consolidated, following recent bearish pressure. Bitcoin The selloff in BTC momentarily eased on Tuesday, as global markets continued to closely monitor the Russia/Ukraine situation. BTC/USD dropped to a low of $36,488.93 earlier in today’s session, which is over $3,000 lower than its high to start the week. The move saw BTC briefly break out of its long-term floor of $37,315, in what looks like a false drop, before once again re-entering this support point. As this

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  • Grayscale Investments Asks Investors to Help Convince SEC to Approve Bitcoin Spot ETF

    Grayscale Investments, the world’s largest digital asset manager, has launched a campaign aimed at convincing the U.S. Securities and Exchange Commission (SEC) to approve its bitcoin spot exchange-traded fund (ETF) application. Grayscale seeks to convert its $25.7 billion bitcoin trust (GBTC) to a bitcoin spot ETF. Asset Manager Campaigns to Get Bitcoin Spot ETF Approved Grayscale Investments announced Tuesday the launch of a campaign “to educate and encourage American investors to submit comments” on its application with the SEC to convert Grayscale Bitcoin Trust (OTCQX: GBTC) to a spot bitcoin ETF. GBTC is the company’s largest investment product with $25.7

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  • Technical Analysis: XRP Falls 10%, as ANC Climbs Higher

    XRP fell by over 10% on Tuesday, as bearish pressure once again intensified in crypto markets. As of writing, the global cryptocurrency market capitalization was almost 5% lower, following marginal gains this morning. Biggest gainers The bleeding in crypto markets continued this afternoon, as such, it was difficult to find any remaining bulls due to the sea of red candles. Relatively speaking, there were a few which managed to stand out, the most notable of them being anchor protocol. As of writing, anchor protocol (ANC) is up almost 9%, after hitting an intraday high of $2.78, which is its highest

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