Dear PointPay Family,
The week is almost over, so it is time to take a look back at what has been happening! We have gathered the main PointPay updates in this Weekly Update to help you stay on top of everything that happened this week.
PointPay News
Some of you may be used to reading our articles on Medium, while others may be discovering it for the first time. The reason behind is simple - our blog is unavailable due to ongoing technical work by our development team.
We are currently migrating the old blog to a new solution built entirely in-house. Once the migration is complete, you will have access to an improved interface, better responsiveness, and a range of new features.
We do not have an exact completion date at this stage. Please keep an eye on our social media channels for the latest updates.
The blog is not the only area our team has been working on. This week, we also fixed a number of specific bugs and issues in the mobile app, improved several Web3 Terminal animations, and worked on the internal architecture needed for future updates. It may not be the most visible part of our work, but it is an important part of keeping the platform running smoothly and preparing it for what comes next.
We also took a closer look at the demand for different tokens and coins available on PointPay. As a result of this review, some assets were delisted from the platform. All users who held any of the delisted assets were notified accordingly.
We believe that a broad selection of assets should not mean keeping inactive assets on the platform when they are rarely used. For this reason, we will continue to regularly review and update our asset lists based on their popularity.
Cryptosphere News
We hope you had a chance to enjoy the green candles, because this week brought a very different picture, with the market turning red. Most assets, including BTC, ETH, and altcoins, went through a correction. Declines ranged from 1-3% to 10-15% or more, with altcoins taking the hardest hit.
As the market turned lower, trader sentiment cooled as well, with the Fear & Greed Index moving from "Greed" to "Neutral."
Thanks again for taking the time to read this update. We look forward to seeing you next week!
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