PointPay News Report of the Week: Current News & Key Events in the Cryptosphere
Dear PointPay family,
As the week draws to a close, it's time for our Weekly Update! Get ready for the most recent updates, exciting events, engaging activities, and the latest news from the cryptocurrency market!
PointPay News
This week started with the addition of 25 new USDT pairs including leading cryptocurrencies such as TRX, BNB, SOL, ADA, as well as:
- USDT: CHZ, LOOM, BLZ, ID, MKR.
- BTC: CHZ, LOOM, BLZ, ID, MKR.
Users can now try them out and diversify their portfolio, whether they are crypto veterans or newcomers to betting! Also among the highly anticipated pairs are ALICE/USDT and ALICE/BTC!
Also announced this week is the listing of two new cryptocurrency assets on the platform: APE and FIL! This emphasizes the expansion of PointPay's trading capabilities.
And we have also prepared the groundwork for earning on NEAR and AVAX bets, which will accelerate your cryptocurrency journey with the latest betting options and provide a stable income from tokens with multiplying your assets!
PointPay celebrated a major milestone this week with our 26th PXP token burn ($3.3 million $PXP), which moved us to 14th position on CoinGecko. It had a tremendous effect, solidifying our status as the market leader.
This week also saw the announcement of our traditional AMA session: on October 26 at 18:00 CET (9:00 PT) led by PointPay CEO Vladimir Kardapoltsev on our YouTube channel! It's time to summarize the results of October, discuss news and the cryptocurrency sphere, and answer exciting questions.
If you have questions for Vladimir, now is the perfect moment to ask them through a special form. All of them will be collected and the most interesting and relevant ones will be asked by the CEO during the next live broadcast! This is a unique opportunity to learn something important, especially for you!
Crypto Sphere Highlights
There were a lot of exciting developments in the world of cryptocurrencies this week! The search query "buy Bitcoins" broke into the news and skyrocketed by 826%. In general, all the queries related to buying Bitcoin have skyrocketed globally after the token crossed the $35,000 mark.
But the coin didn’t stop there and overtook Tesla, Eli Lilly, JPMorgan Chase and Walmart in terms of capitalization. It seriously increased in price amid growing interest in the imminent approval of spot bitcoin-ETFs in the United States.
Bitcoin's exchange rate has settled within the popular S2F model, according to which the price of the token ranges from $31 to $103,000. The stock-to-flow (S2F) model plays a crucial role in understanding the scarcity and potential impact on the prices of various assets, including BTC. Considering it today it is obvious that Bitcoin's price will not fall below $31000.
During this week, Santiment recorded the strongest BTC and stock market rally in two years. It was on October 25 that the bitcoin rate rose to $35116, which was the highest point since May 2022. But the S&P 500 stock market index fell to its lowest level since June 2023 (4184 points).
Today, it’s hard to deny the changes in overall cryptocurrency regulatory policy in the U.S., the importance, scale and speed of cryptocurrency development and its impact on the economy.
🔥 Buy PXP tokens on Bittrex: https://bit.ly/32VWsci
🔥 Buy PXP tokens on Bitrue: https://bit.ly/3JEreHu
🔥 Buy PXP tokens on WhiteBIT: https://bit.ly/3qJrjRH
💰 Earn up to 7% yearly with PXP staking program in PointPay Bank: https://pointpay.io/staking
💡 Check PointPay Live-Roadmap (PointPay development in real-time): https://pointpay.io/live-roadmap/
🏦 Remember, we are PointPay, and we are beyond banking!