Javier Milei hosts Ethereum Devconnect’s in Argentina during the LIBRA controversy

Javier Milei invites Vitalik Buterin to host Ethereum's Devconnect in Argentina amid LIBRA token controversy

Argentinian President Javier Milei Then it was. “an honor&#8221For Argentina to host Devconnect’s next edition, an independent event that promotes the growth of Ethereum ecosystem. 

Milei responded to Vitalik Buterin’s praise of Argentina’s Ethereum community. The energy and commitment of Argentina’s Ethereum community is praised by Buterin. The event must be there.

Ethereum Co-Founder, Michael Arrington believes the LIBRA Memecoin Scandal should not be viewed as an excuse to abandon crypto. Instead it is a catalyst to promote education.

Then he added:

“I continue to be very optimistic about Argentina and Latam’s contributions and role in the space.”

You can also find out more about the following: Another X PostButerin proposed that Devconnect’s next event be held in Argentina. This could be an opportunity to host the next edition of Devconnect in Argentina. “great opportunity&#8221Milei was tagged in the post.

Milei replied via social media.

“THANK YOU VERY MUCH VITALIK BUTERIN  FOR YOUR WORDS ABOUT ARGENTINE TALENT!!! It would be an honor for Argentina to host Devconnect. I agree that it would be a great opportunity for our country.”

According to Chainalysis’ “2024 Geography of Crypto Report,&#8221Argentina leads Latin America for crypto values received between 2023-2024, with an estimated value of $91,1 Billion.

LIBRA controversy

There is a lot of controversy surrounding the interactions between President Argentinian and Ethereum’s co-founder. Milei endorsed LIBRA memecoin, on 14th February. She said the token would be a great way to support Argentinian initiatives. 

Tokens were valued at $4.5billion before Over the weekend, Google’s search engine crashed by 95%. Nansen Report Estimated Value The token was a failure for 86% of the traders, who lost 251 millions dollars. 70% of the wallets that traded the token on the weekend suffered losses.

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Hayden Davis: a leading figure behind LIBRA Said in an Interview Milei’s token was a total loss for Milei. Davis The alleged claim to influence the Argentinian President by paying Milei’s sister.

Milei stated that the token was not meant to be promoted and he only shared the image on social media in a good-faith gesture towards the industry.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.