Image courtesy of: Gerd Altmann
Greetings dear Hivers, the international situation under the current macroeconomic approach, has been reflecting a scenario that threatens the balance of the prices of different assets known and certainly this situation is not alien to the world of cryptocurrencies, so that inflationary adjustments, coupled with war conflicts, have managed to exert an atmosphere of uncertainty that threatens the supply and demand of assets.
In this sense, in recent weeks we have witnessed how the price of Bitcoin, the main representative of the crypto world, has deflated and has touched support zones around 25k, although it has bounced on this area, the projections are not at all encouraging, which represents from my point of view a projection about the attacks and economic measures that have been executed through FED.
In addition to the above, we have witnessed how some crypto ecosystems seem to be moving on a very thin tightrope that ultimately seems to threaten the progress we have made in recent years, in relation to stability, scalability and security offered by cryptocurrencies.
So that when analyzing the latest news in trend, we can witness how large economic losses are generated due to litigation for misuse of tokens within the Ripple ecosystem, based on the fact that these assets were sold through unregistered securities, which threatens the user's economy and represents an illegal act on the part of this company or organization, consequently a lawsuit was developed that has exceeded a cost of more than 200 million dollars for this ecosystem.
On the other hand, we have witnessed how the Bittrex platform has declared bankruptcy after harsh accusations from parts of the SEC that has generated excessive liquidations in the ecosystem, however, according to its CEO, the investment funds are safe and are now in the hands of the court, consequently, we can notice how Bittrex has ended up appealing to Chapter 11 bankruptcy protection in the United States.
In this sense, and trying to be as objective as possible, we realize that the bad decisions taken in the crypto world have ended up extending a downward cycle that was seen as normal within the finances of the blockchain world, which has generated some distrust and greater pressures by the large institutions that represent in theory the legal part of the great economic powers of our planet, which has ended up exerting greater pressure and measures that repress the crypto market.
Now, not everything can be negative, for more than two years I have witnessed how the economy of the #Hive ecosystem becomes more robust and has been sustainable over time, which represents an indication that well oriented community work and proper decision making, ends up generating great results, I have witnessed how communities and economic processes have been restructured and developed through this blockchain.
Personally, the work done through @Leofinance is extraordinary and a demonstration of this is the current work that is being promoted with the new adoption campaign of the new ecosystem that allows having a much more attractive and dynamic frond, without neglecting the details and the momentum of participation and activida in each user, which generates confidence in the face of massification and sustainable adoption that is intended for our mother platform Hive.
So through these lines of writing I would like to invite several colleagues to analyze the proposal from the Leofinance team. Iniciativa zealy
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