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Raiffeisen Bank’s RLB NÖ-Wien is preparing to introduce cryptocurrency trading services to its retail clients in early 2024. The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months. After initially announcing its crypto plans in April 2023, Raiffeisen Bank’s Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is moving forward with a crypto rollout in collaboration with the Austrian crypto firm Bitpanda. RLB NÖ-Wien expects to start rolling out crypto trading services in Vienna in the first quarter of 2024, a spokesperson for the bank told Cointelegraph. “Raiffeisenlandesbank NÖ-Wien has signed a cooperation agreement with Bitpanda. Via this cooperation, we plan to offer an attractive digital investment platform early in 2024,” the representative stated, adding: “We have seen the demand from customers for easy, intuitive, digital investment platforms. Our main intention to tak...

After a few days of high volatility, the cryptocurrency market showed low volatility on November 23. As it happens, trading volume plummets, reflecting a momentary lack of speculative open interest in long and short positions. Nevertheless, it is still possible to find short squeeze potential even amid a reduced open interest volume. In particular, by looking into the correlation between opened short positions and the traded volume in a given time frame. Notably, four projects have a growing potential for a short squeeze if sentiment shifts from bearish to bullish until the weekend ends. Bitcoin Cash (BCH) has $52.61 million of opened short positions in the last 12 hours, accruing for 52.62% of its 12-hour open interest. Cryptocurrency Short squeeze alert for November 21: Two cryptocurrencies with potential to skyrocket Stocks Michael Burry's previously shorted stock index hits 52-week high Cryptocurrency Short squeeze aler...

As most assets in the cryptocurrency sector turn a greener leaf, XRP is no exception, gaining 3% today and eyeing more increases, particularly as its recent price movements have suggested an exit from a bearish pattern in which it has spent recent weeks. Specifically, XRP seems to be breaking out of the descending parallel channel in which it has resided since early November, suggesting a possible upswing to $0.65 or $0.66 in the near future, according to the Analysis shared by renowned cryptocurrency expert Ali Martinez on November 23. Bitcoin price action analysis. Source: Ali Martinez Indeed, the descending parallel channel is a technical chart pattern that depicts an asset’s steady downward movement between two trendline barriers with a series of lower lows and lower highs, and that typically culminates with a counter-trend move upward, which could also happen to the XRP token. XRP price analysis As things stand, the currently fifth-largest crypto asset by market capitaliza...

Ben Armstrong predicted in a YouTube video that ADA’s price could explode soon. Armstrong believes the hype surrounding rumors of a DUST airdrop could increase the price of ADA. At press time, ADA was worth $0.3811 after its price managed to climb by 2+% in the past day of trading. Cryptocurrency analyst and YouTuber Ben Armstrong shared in one of his latest videos that he believes Cardano (ADA) could experience a price explosion soon. Armstrong pointed out that the Midnight Network devnet could be one of the catalysts inducing a jump in ADA’s price. The announcement of the new Midnight sidechain is considered by many to signify the beginning of a fresh era for the Cardano ecosystem. The Midnight Network has a very strong focus on privacy, and the release of the devnet underscores Input Output Global’s (IOG) new goal of improving data privacy in the blockchain technology industry. Although Armstrong believes Midnight’s privacy-centered approach will be ve...

Carl Erik Rinsch reportedly used nearly $11 million of his Netflix show’s budget to gamble with stocks and crypto and made millions on a single Dogecoin bet. The director of Netflix’s sci-fi series Conquest reportedly used $4 million from the show’s budget to bet on Dogecoin (DOGE) and made $27 million in the process. Now the director, Carl Erik Rinsch, wants another $14 million from Netflix, according to a Nov. 22 report in The New York Times citing a confidential arbitration proceeding. The Times report details the behind-the-scenes drama of Rinsch’s sci-fi Netflix series Conquest , which the streaming giant doled out $55 million to make, but is yet to receive an episode. In March 2020, 16 months after Netflix bought Rinsch’s idea and provided him with an initial budget of $44 million, the director asked for more funds. Netflix obliged and wired him $11 million on the condition he finished the show. According to financial statements obtained by the Times Rinsch used $10.5 million...

Lookonchain revealed in an X post that Blast’s TVL rose to above $109 million over the past 24 hours. According to the post, wallet “0x49E9” sent 2,000 ETH to Blast, while boby1337.eth sent 2.5 million USDC. This development came after Blast saw 23,368 new users enter its community. Lookonchain shared in an X post today that the total value locked (TVL) for Blast has achieved a significant milestone. According to the post, the project has more than $109 million locked up in its protocol. The TVL of #Blast has exceeded $109M!@Blast_L2 deposited 45,654 $ETH($91M) into #Lido, swapped stablecoins to 18M $DAI and deposited it into #Maker. Wallet"0x49E9"(@Cbb0fe) deposited 2K $ETH($4M) and boby1337.eth deposited 2.5M $USDC to #Blast.https://t.co/Zns7cFEBQN pic.twitter.com/W4mv6wbzZt — Lookonchain (@lookonchain) November 22, 2023 Furthermore, on-chain data shows that Blast deposited 45,654 ETH, worth $91 million, into Lido. Thereafter, the team ...

CoinGecko has acquired the NFT data infrastructure platform Zash as the firm remains bullish about the NFT market. The terms of the deal have not been disclosed. Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash. CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of 2024, the firm announced on Nov. 21, though the deal terms have not been disclosed. “API users will be able to enjoy a unified crypto data offering, where they can access fungible and nonfungible token data seamlessly and enjoy enriched crypto market insights,” CoinGecko co-founder and chief operating officer Bobby Ong told Cointelegraph. According to the exec, front-end users of CoinGecko’s web and mobile app will also be able to access the on-chain NFT data through the NFT floor price tracker next year. CoinGecko didn’t disclose the cost of the Zash acquisi...

Data aggregator DefiLlama showed that Binance’s crypto asset inflows in the last 24 hours have fallen by over $1 billion. As crypto exchange Binance and the departure of its CEO Changpeng “CZ” Zhao hit the headlines in the last 24 hours, the digital asset space went into a rollercoaster mode that saw the market liquidate close to $175 million for traders betting on long positions. On Nov. 21, developments in Binance and CZ’s case with the U.S. Department of Justice saw CZ announce he would plead guilty to violating Anti-Money Laundering requirements and step down as the CEO of Binance. In addition, the U.S. Justice Department also announced a $4.3 billion settlement with Binance, and the exchange appointed a new CEO. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself. Binance is no longer a baby...

The crypto industry spent over $20 million on lobbying in the U.S. in 2023 A total of $56.32 million has been spent over the past four years As of the first three quarters of 2023, $20.19 million has already been spent on crypto lobbying Research has revealed that the crypto industry spent over $20 million on lobbying in the United States in 2023 for the first three quarters of the year, compared to $22 million in 2022.  The well-known market tracking platform Coingecko has recently published a report examining the sheer weight of funds prominent firms in the crypto space have expended to influence favorable regulatory measures. Per Coingecko’s findings, the crypto industry has exhausted $56.32 million over the last four years to influence decisions in the United States. In particular, it mentioned that 66 companies and 12 organizations actively participated in lobbying efforts. This forms a collection of 78 non-individual entities advocating for cryp...

Kraken co -founder Jesse Powell has sharply criticized the U.S. Securities and Exchange Commission following new charges against the crypto exchange, highlighting ongoing tensions between the crypto industry and regulatory bodies. In a recent escalation of the ongoing conflict between crypto exchange Kraken and the U.S. Securities and Exchange Commission (SEC), Kraken’s co -founder Jesse Powell has launched a fervent critique of the regulatory body. Powell branding the SEC as the “USA’s top decel” and accusing it of hindering progress, underscores a deeper clash between the burgeoning crypto industry and traditional regulatory frameworks. USA's top decel is back with another assault on America. The masochists haven't been happy with the beatings they've been taking in NY and are shopping for a different flavor of RegDom in CA. I thought we settled all their concerns for $30m in Feb. Now they're back for seconds? https://t.co/SkfPJyneUz ...

Lookonchain reported that millions of the claimed BLUR had been deposited in exchanges. $97.5 million was claimed in Blur Season 2 airdrop. Data showed that $2.95 million has been deposited on exchanges. Lookonchain, a market on-chain analytics platform, reported that millions of the claimed BLUR tokens from Blur’s ‘Season 2’ airdrop had been deposited in exchanges. The analytics platforms shared that 307.6 million BLUR tokens worth $97.5 million were being claimed.  Note that *深大高财生.eth deposited all 4.67M $BLUR ($1.5M) received from the airdrop into #OKX just now.https://t.co/Q3KwyFBZVn pic.twitter.com/uxOtDYtKdH — Lookonchain (@lookonchain) November 21, 2023 Data showed that a user called 深大高财生.eth deposited 4.67 million BLUR ($1.5 million) received from the airdrop into the crypto exchange OKX. Two users, hanwe.eth and machibigbrother.eth, claimed 22.85 million and 6 million BLUR, worth $7.26 million and $1.9 million, respectively.  Th...

Validator service provider InfStones disagreed and told Cointelegraph that “nothing close to $1 billion in assets would be at risk,” even in the worst-case scenario. Blockchain security firm dWallet Labs recently disclosed a vulnerability that they claim could affect up to $1 billion worth of crypto, with assets such as Ether (ETH), Aptos (APT), BNB (BNB) and Sui (SUI) at risk. In a paper sent to Cointelegraph, dWallet Labs reported a potential vulnerability in validator s hosted by an infrastructure provider called InfStones. According to dWallet Labs, they started a research paper on attacking blockchain networks and collecting private keys with Web2 attacks. During this research, dWallet Labs said, they discovered vulnerabilities in InfStones validator s. They wrote: “A chain of vulnerabilities we discovered and exploited during our research allowed us to gain full control, run code and extract private keys of hundreds of validators on multiple major networks, potentially leading ...

The US Department of Justice is looking for $4 billion from Binance as settlement over the prolonged investigations against the crypto exchange. Bloomberg says in a report that talks between the DOJ and Binance have been ongoing for a while and could end within weeks. The US government is reportedly seeking over $4 billion from Binance , the world’s largest cryptocurrency exchange by trading volume, in order to settle the criminal investigation against it.  The US Department of Justice and Binance have held discussions over this, Bloomberg News said in a report published on Monday. The US Justice Department is seeking more than $4 billion from Binance as part of a proposed resolution of a years-long investigation into the world’s largest crypto exchange https://t.co/T3jDuKygLF — Bloomberg Crypto (@crypto) November 20, 2023 Per the report, the DOJ will want Changpeng Zhao’s crypto behemoth to pay the colossal amount as part...

ZTX, a web3 virtual world and creator platform, is partnering with ZGM, a metaverse influencer management and content creation firm, to launch a competition where users can bet on metaverse gaming results for ZTX rewards. The competition will be formally launched during the Yield Guild Games Web3 Games Summit, which will be held in Manila and open to all ZTX community members across the globe. The initiative has been lauded as one of the first cross-industry events where web2 creators partner with web3 users for entertainment and prediction-based rewards – that too with no entry costs or participation restrictions. You might also like: Mastercard to monitor bad crypto transactions with AI ZGM will use ZTX’s legacy web2 platform to assemble teams competing in various metaverse games. Speculators and public members can bet on the winners and the results of these games by holding a specific amount of ZTX in their wallets.  Users must also join the offici...

The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations. Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses. According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (EOS), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XRM), Tezos (XTZ), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix (SNX), Enjin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI), and Uma (UMA). dYdX triggered its insurance fund to cover users’ trading losses on Nov. 17 after a profitable trade targeting long positions on the YFI token caused the liquidation of positions worth nearly $38 million. dYdX founder Antonio Ju...

A brand-new blockchain network’s native token has skyrocketed by nearly 200% since it launched at the end of October. Celestia (TIA) bills itself as “the first modular blockchain network.” The project aims to allow developers to build blockchain-based applications for mass adoption. Celestia’s native asset, TIA, is used to secure the network and as a gas token for rollups. The 59th-ranked crypto asset by market cap is trading at $6.49 at time of writing, up from its its initial $2.18 price on October 31st, when the network was successfully deployed to mainnet beta. TIA is also up more than 10% in the past 24 hours and more than 111% in the past seven days. Venture capitalist Chris Burniske, the founder of Placeholder Capital, said in September that Celestia’s defining characteristic is “availability.” Celestia calls modular blockchains the “new paradigm in blockchain design,” noting that they are specialized ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Asia-Pacific Economic Cooperation (APEC) Summit with the theme of “ Creating a Resilient and Sustainable Future for All ” was drawing world leaders, dignitaries and delegations from the 21 member economies to San Francisco from Nov. 15 till Nov. 17, 2023 to promote free, fair, and open trade and investment, and advance sustainable and inclusive economic growth focused on regional economic issues, including sustainability, digitalization, energy security and other matters.   You might also like: An in-depth look at the regulatory landscape of privacy coins Parallel to the US APEC 2023—which became the most significant event with world leaders in San Francisco in recent history—in Singapore, with a similar theme, the BSN Foundation announced its founding members, its role in blockchain-as-a-service on Nov. 16, 2023. B...

November sees a dramatic spike in cryptocurrency losses , totaling $173 million, with major hacks at Poloniex and a phishing incident leading the surge. November has witnessed a significant surge in financial losses due to crypto hacks, with the total reaching approximately $173 million. This figure is primarily driven by two major events that account for 91% of the total losses . According to CertiK, November has already recorded the fourth-highest monthly losses in 2023.  #CertiKSkynetAlert #ICYMI Losses in November had so far reached $173 million with two incidents making up 91% of the losses . 10 Nov: Poloniex ~$131m 11 Nov: Phishing incident ~$27m November already has the 4th highest losses of any month this year. — CertiK Alert (@CertiKAlert) November 17, 2023 You might also like: Poloniex hot wallet hacked with losses reportedly over $33m This surge was driven by the recent hack of Poloniex. Hackers infiltrated the exchange’s hot wallet, leading to...

Although Bitcoin (BTC) has started to slow down its gains from the past weeks that have seen it not just cross the critical $35,000 mark but almost reach $38,000, technical indicators suggest it might make a more significant move upward in the near future. Specifically, the “higher timeframe picture on Bitcoin shows that we’ve hit a crucial resistance zone,” according to the analysis carried out by the cryptocurrency trading expert Michaël van de Poppe shared in an X post published on November 17. Indeed, Bitcoin did briefly touch the pivotal resistance at the area around $38,000 (between $37,900 and $38,500), at the same time moving far away from the pivotal support between $31,114 and $31,790, as the cryptocurrency analyst’s chart suggests. Bitcoin price action analysis. Source: Michaël van de Poppe At the same time, pseudonymous crypto market analyst Trader Tardigrade has pointed out that Bitcoin would enter a “ parabolic bull run soon,” sharing a chart pattern Analysis dati...

XRP advocate Bill Morgan is unsure what could cause XRP to reach the sky-high price targets circulating on social media. He points out that XRP has climbed from $0.46 to just $0.62 since this summer’s ruling in SEC v Ripple. At press time, XRP was down more than 4% and was changing hands at $0.619. Digital asset enthusiast Bill Morgan took to X today to share his ambivalence about sky-high price predictions for XRP. Reacting to a prediction that the token will reach three-figures, Morgan acknowledged the three major outcomes of the ruling in Ripple’s lawsuit with the U.S. Securities and Exchange Commission (SEC). He argued that since 23 July 2023, there has been legal clarity around XRP, multiple exchange relistings as well as multiple strategic partnerships formed. Three great outcomes in the court case since 23 July 2023, legal clarity, multiple exchange relistings, more Ripple partnerships and increasing ODL use and myriad other positive news have moved t...