Dear PointPay Family,
It’s that time of the week again — time for our Weekly Update! Let’s take a look at what has happened at PointPay over the past week.
PointPay News
This week has been a milestone for PointPay as we released our bi-annual report! In this comprehensive document, we shared our achievements over the past six months and outlined our exciting plans for the future. The report is now available for reading on our website. We encourage all our users to take a look and see how far we’ve come together.
In addition to this, we’ve expanded our trading options by adding 25 new trading pairs with USDC on our exchange. This enhancement aims to provide more diversity and flexibility for our traders, ensuring you have a broad range of choices to fit your trading strategies.
This Thursday, we hosted an AMA session with our CEO, where he shared the latest news, summarized our recent progress, and answered questions from the community. If you missed it, you can watch the recorded session on our YouTube channel. Make sure to subscribe and turn on notifications so you don’t miss future updates and events.
The week concluded with the end of our June Trading Competition. We’ve already sent out the rewards to the winners. Congratulations to all the top traders! You can check the results on the competition page. Thank you to everyone who participated and made this event a success!
Cryptocurrency News
Mt. Gox has announced the repayment plan for its creditors, causing quite a stir in the market. The exchange holds over 140,000 BTC, which will soon be sold to settle debts with traders. This news caused a sharp drop in BTC prices, falling from $64,000 to $60,000.
The market reacted with a modest decline following BTC’s drop, with a few assets showing resilience. While some traders are frustrated by the situation, others see this dip as a great opportunity to purchase BTC at a lower price.
Thanks again for taking the time to read this update. We look forward to seeing you next week!
Happy trading!
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