Dear PointPay family,
As this week comes to a close, it's time to summarize its highlights! In our Weekly Update, we've gathered all the important news, events, and changes that you definitely don't want to miss.
PointPay News
Before diving into the latest updates, let's recall what has been relevant for the past few weeks! Currently, all PointPay users have access to the PXP Token Swap, where you can exchange old PXP for brand new, improved, and updated PXP tokens! Be sure to complete this process by April 2nd, so don't waste time and head over to the dedicated swap page.
Additionally, our Bitcoin Halving Trading Competition is still ongoing. This unique trading competition has been running for several weeks and will continue until mid-April, coinciding with the next Bitcoin Halving event. You still have the chance to participate and win! The prize pool for this competition is an impressive $100,000! Join in and claim your share of the prize pool.
This week, PointPay has further expanded user capabilities. Now, our platform offers two new staking options! Welcome staking ETH with 3% APR and staking USDT with 3.5% APR! The staking period is 30 days—you receive rewards every month and can restake your assets.
Additionally, this week saw several new listings. Exciting assets such as LooksRare (LOOKS) and Pendle (PENDLE) have been added to our platform! Each of these cryptocurrencies represents unique and unconventional projects, allowing PointPay users to diversify their portfolios. Try out these new cryptocurrencies on our exchange.
The end of March is approaching rapidly. As always, on the last Thursday of the month, PointPay hosts an AMA session where CEO Vladimir Kardapoltsev personally summarizes the month, discusses news, makes announcements, and answers your questions. The live broadcast will take place on our YouTube channel on March 28th—don't miss it! In the meantime, you can submit your questions for the CEO using the special form, and we'll select the best and most interesting questions for Vladimir to answer during the AMA session!
Cryptocurrency News
Bitcoin correction has finally occurred. Over the past seven days, Bitcoin has experienced a price decline, but it has managed to hold steady at $66-67 thousand. Alongside the leading cryptocurrency, many altcoins have also undergone corrections. Nevertheless, many investors remain confident in the continued growth of BTC, as the pivotal moment, Bitcoin Halving, lies ahead.
Other major investors are also bullish on Bitcoin. This week, MicroStrategy acquired an additional 9,245 BTC, totaling approximately $620 million. Furthermore, the country of El Salvador also holds reserves of Bitcoin. This week, the President of El Salvador revealed precise data on the amount of BTC held in reserves and transferred all these assets to a cold wallet, which will be stored in storage.
Thanks again for taking the time to read this update. We look forward to seeing you next week!
Happy trading!
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