The week is coming to an end, and we’ve prepared our regular Weekly Update! All the news, events, and changes in PointPay for this week are gathered in one place.
Let’s start with the announcement of the results of this round of PointPay Bug & Suggestions competitions! There were many great suggestions and ideas this week, but there can only be one winner, and it is:
Congratulations on your victory! Your 7,500 PXP will be credited within a few working days.
Also, we have already launched a new round of competitions! Share your ideas for the development of PointPay through a special form and get a chance to win 7,500 PXP next Friday!
Furthermore, right now we have TURBO Trading Competitions going on! In this exciting competition, traders earn trading volumes of the TURBO token and secure their positions on the leaderboard. Join in, show high results, and win from 2,000 to 5,000 PXP!
This week started with the appearance of a new asset on the PointPay platform. The TURBO token literally stormed into PointPay, being highly anticipated by users. Its unique approach to project management, focus on creativity and NFTs, as well as its own NFT trading platform, make this asset very interesting and intriguing.
Also, in celebration of the TURBO token’s arrival on PointPay, we launched Trading Competitions, as we already mentioned before. Don’t forget to participate!
A traditional AMA session was also announced this week. Next Thursday will be the last one in September, which means it’s time to sum up this month, discuss the news and the crypto sphere, and answer your questions. All of this will be done personally by PointPay CEO Vladimir Kardapoltsev on September 28th at 18:00 CET (9:00 PT) on our YouTube channel!
If you have a question for Vladimir, now is the time to ask it through a special form. All submitted questions will be collected, and then the most interesting and relevant ones will be asked by the CEO during the live broadcast! It’s an excellent opportunity to learn something important just for you!
Crypto Sphere Highlights
There were also many interesting developments in the crypto sphere this week! The main news was the Bitcoin mempool congestion, which complicated fund transfers. Some users see this as increased interest and an influx of new users into the crypto sphere, while others believe it’s a DDOS attack.
Increased activity may also be related to the FED’s meeting in the USA, which took place this week. Experts were confident that the current percentage would be maintained. And that’s exactly what happened — after a two-day FED meeting, it was decided to keep the rate at 5.25–5.5%. However, by the end of the year, the commission expects the rate to rise to 5.6%.
While the decision has not yet been announced, Bitcoin experienced increased volatility and even managed to surpass the $27,000 mark, but it has since dropped by approximately 1.5%.
Positive news came from the Ripple director, who is meeting with US congressmen. This became possible against the backdrop of Ripple’s partial victory in court. The purpose of the meeting is to discuss proposed cryptocurrency bills.
It’s quite possible that as a result of this meeting, the crypto community may receive better cryptocurrency regulation in the USA. Some even predict changes in the overall cryptocurrency regulation policy in the USA, as it’s challenging to deny the importance, scale, and speed of cryptocurrency’s development and its impact on the economy.
Thanks again for taking the time to read this update. We look forward to seeing you next week!
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