For many Americans, cryptocurrencies represent the future of finance, so these digital assets could influence the choice of candidates in the upcoming midterm elections this year. This and more news in this handy daily roundup so you're always up to date with the latest events happening within the crypto world.
Cryptocurrencies in the election of political officials
📍A significant portion of American voters plan to consider political candidates' stance on cryptocurrencies in future elections. According to a report According to a report by Grayscale Investments, many Americans are considering cryptocurrencies as an important factor for the development of the economy, as well as for the election of political candidates in the upcoming midterm elections in 2022.
The survey was conducted by The Harris Poll for Grayscale Investments to find out where cryptocurrencies fit into today's society and how candidates' opinions on these digital assets could influence citizens' votes.
According to the results, 38% of Americans consider it important to have public opinions about crypto assets, while 57% said it is necessary for future candidates to stay abreast of developments in the crypto industry.
On the other hand, 25% of respondents stated that current inflation levels and the overall macroeconomic outlook have sparked their interest and curiosity about cryptocurrencies as alternative assets. The survey also revealed that approximately 1 in 5 registered voters is a cryptocurrency owner or investor.
Bitcoin payments are coming to Pick n Pay
📍South Africa's largest grocery chain, Pick n Pay, plans to expand Bitcoin payments to all of its stores. According to the report published by local media TechCentral, Pick n Pay is adding Bitcoin among its payment options in 39 stores of the country. In the coming months, the South African grocery retailer plans to extend cryptocurrency payments to all of its stores nationwide.
Pick n Pay said that cryptocurrencies are being used more widely today, especially by those looking for alternatives to the traditional financial system or who have been neglected by the banking system. The grocery retailer is using the second-layer solution Lightning Network to enable BTC payments efficiently.
Cosmos proposal sends ATOM price soaring
📍Cosmos developers have put a governance proposal to a vote to optimize the network. With the introduction of this proposal, which seeks to improve the scalability and performance of Cosmos, the price of ATOM, the network's native cryptocurrency, has risen by almost 20% weekly, currently ranking as the twentieth most important cryptocurrency in the market by market capitalization.
Source: CoinMarketCap
ATOM is trading on the market at a value of $14,17 per unit. Its market capitalization has reached $4.058 billion, surpassing the market value of crypto assets such as Litecoin and Chainlink. On the other hand, the trading volume with ATOM exceeds $400 million, which represents a growth of 90% in the last 7 days.
Privacy protection in the digital yuan
📍China prioritizes privacy in creating its CBDC, according to the PboC. Yi Gang, Governor of the People's Bank of China, has prioritized privacy protection as one of the most important issues in building a CBDC digital currency.
During his speech At Hong Kong FinTech Week 2022, Gang assured that the central bank will ensure privacy protection and financial security in the use of the digital yuan or e-CNY through managed anonymity. The PboC governor indicated that the bank is using advanced technology and strict management of its users' data and personal information to ensure their security.
So far, the PboC has implemented the digital yuan in numerous pilot tests involving millions of people with a meteoric trading volume of over $14.000 billion.
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IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
