The digital currency realm experienced its fair share of events this week, highlighted by a number of bitcoin firms undergoing new partnerships and a Blockchain-based startup raising $3 million in seed funding.
The digital currency realm experienced its fair share of events this week, highlighted by a number of bitcoin firms undergoing new partnerships and a Blockchain-based startup raising $3 million in seed funding.
Pantera on Price Drop: Short Selling to Blame
Pantera Capital has weighed in on the recent tumble in bitcoin prices. The hedge fund believes that the introduction of margin trading to bitcoin has likely increased the magnitude of price moves. The options market for bitcoin is limited so investors have a tougher time hedging their positions, leading them to liquidate positions under difficult market conditions.
Their analysis pointed out that short sellers have tried to take advantage of the declines, further contributing to the vicious cycle. Cumulative short interest, they say, is at an all-time high.
BitQuick Goes MultiSig, Partners with BitGo for Its P2SH Addresses
BitQuick is upgrading its wallet security, partnering with BitGo to implement multisignature technology for its bitcoin trading service.
Like its related altcoin buying service, AltQuick, BitQuick isn’t a full-scale order book-driven marketplace. Buyers submit orders and lock in a price, after which they pay the indicated amount at a branch of the company’s bank. They then receive their bitcoins within a few hours. Sellers deposit their bitcoins with the service and receive cash deposits or SEPA transfers.
Bitfinex to Leverage Tether for Blockchain-Backed Fiat Transfers
Bitfinex has partnered with Tether, a platform using a blockchain to transfer fiat currencies, for client use on its exchange.
Currently, the “Tether” unit of currency is used on a one-to-one basis to represent USD. There are future plans to add support for the yen and the euro.
Bitfinex has been gradually re-engineering each component of its operation, recently partnering with AlphaPoint to rebuild its backend. On Bitfinex’s latest move, Tether co-founder and CEO Reeve Collins said, “This integration with Bitfinex is the first step into a world where traditional currencies move like bitcoins. Dollars have now inherited the portability benefits of cryptocurrency.”
Blockchain Web Service BlockCypher Raises $3 Million in Seed Funding
BlockCypher, a startup that looks to make blockchain technology easy to integrate into any application, has raised $3 million in seed funding.
The round was led by three generations of the Draper family. Other investors include Foundation Capital, New Enterprise Associates, Jerry Yang (through AME Cloud Ventures), Upside Partnership, Streamlined Ventures and Fenox Venture.
Garza Declares: "I Will Stand behind My Promises. PayBase Will Honor Every Paycoin at $20″
GAW Miners CEO Josh Garza has sought to reassure angry crypto enthusiasts over the $20 price guarantee for the company’s recently introduced Paycoin.
The coin, which has again changed its logo, has thus far not lived up to the $20 price floor previously mentioned. It is currently hovering near all-time lows of 0.016 BTC ($3.15).
There had been some talk if Garza in fact committed to a $20 floor, but in recent communications, he reaffirmed what was believed to be the original message.
The digital currency realm experienced its fair share of events this week, highlighted by a number of bitcoin firms undergoing new partnerships and a Blockchain-based startup raising $3 million in seed funding.
Pantera on Price Drop: Short Selling to Blame
Pantera Capital has weighed in on the recent tumble in bitcoin prices. The hedge fund believes that the introduction of margin trading to bitcoin has likely increased the magnitude of price moves. The options market for bitcoin is limited so investors have a tougher time hedging their positions, leading them to liquidate positions under difficult market conditions.
Their analysis pointed out that short sellers have tried to take advantage of the declines, further contributing to the vicious cycle. Cumulative short interest, they say, is at an all-time high.
BitQuick Goes MultiSig, Partners with BitGo for Its P2SH Addresses
BitQuick is upgrading its wallet security, partnering with BitGo to implement multisignature technology for its bitcoin trading service.
Like its related altcoin buying service, AltQuick, BitQuick isn’t a full-scale order book-driven marketplace. Buyers submit orders and lock in a price, after which they pay the indicated amount at a branch of the company’s bank. They then receive their bitcoins within a few hours. Sellers deposit their bitcoins with the service and receive cash deposits or SEPA transfers.
Bitfinex to Leverage Tether for Blockchain-Backed Fiat Transfers
Bitfinex has partnered with Tether, a platform using a blockchain to transfer fiat currencies, for client use on its exchange.
Currently, the “Tether” unit of currency is used on a one-to-one basis to represent USD. There are future plans to add support for the yen and the euro.
Bitfinex has been gradually re-engineering each component of its operation, recently partnering with AlphaPoint to rebuild its backend. On Bitfinex’s latest move, Tether co-founder and CEO Reeve Collins said, “This integration with Bitfinex is the first step into a world where traditional currencies move like bitcoins. Dollars have now inherited the portability benefits of cryptocurrency.”
Blockchain Web Service BlockCypher Raises $3 Million in Seed Funding
BlockCypher, a startup that looks to make blockchain technology easy to integrate into any application, has raised $3 million in seed funding.
The round was led by three generations of the Draper family. Other investors include Foundation Capital, New Enterprise Associates, Jerry Yang (through AME Cloud Ventures), Upside Partnership, Streamlined Ventures and Fenox Venture.
Garza Declares: "I Will Stand behind My Promises. PayBase Will Honor Every Paycoin at $20″
GAW Miners CEO Josh Garza has sought to reassure angry crypto enthusiasts over the $20 price guarantee for the company’s recently introduced Paycoin.
The coin, which has again changed its logo, has thus far not lived up to the $20 price floor previously mentioned. It is currently hovering near all-time lows of 0.016 BTC ($3.15).
There had been some talk if Garza in fact committed to a $20 floor, but in recent communications, he reaffirmed what was believed to be the original message.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
