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Argentinian President Javier Milei mentioned it will be “an honor” for Argentina to host the following version of Devconnect, a meeting of impartial occasions that foster the expansion of the Ethereum ecosystem.
Milei made the observation in reaction to Vitalik Buterin’s reward of Argentina’s Ethereum neighborhood. He mentioned the power and backbone of developers primarily based within the nation are actual and the development must be held there.
The Ethereum co-founder assessed that the new LIBRA memecoin scandal must no longer be observed as a explanation why to forestall believing in crypto however as a motivation to unfold training.
He added:
“I proceed to be very constructive about Argentina and Latam’s contributions and function within the house.”
In some other X submit, Buterin urged that the following version of Devconnect must be hosted in Argentina. He mentioned this can be a “nice alternative” to exhibit just right examples of crypto utilization to the Argentinian neighborhood after which tagged Milei within the submit.
Milei spoke back by means of social media:
“THANK YOU VERY MUCH VITALIK BUTERIN FOR YOUR WORDS ABOUT ARGENTINE TALENT!!! It might be an honor for Argentina to host Devconnect. I agree that it will be an excellent chance for our nation.”
In step with Chainalysis’ “2024 Geography of Crypto Record,” Argentina has the Fifteenth-largest crypto adoption index and leads Latin The united states in crypto worth won, at an estimated $91.1 billion between 2023 and 2024.
LIBRA controversy
The interactions between the Argentinian President and the Ethereum co-founder come within the backdrop of important controversy. Milei recommended the memecoin LIBRA on Feb. 14, pronouncing the token used to be a technique to fund Argentinian ventures.
The token reached a $4.5 billion valuation earlier than crashing 95% over the weekend. A document by way of Nansen estimated that 86% of investors misplaced $251 million, and 70% of wallets buying and selling the token over the weekend continued losses.
Hayden Davis, a key determine at the back of LIBRA, mentioned in an interview that Milei had no monetary stake within the token after the fiasco. Davis reportedly claimed to persuade the Argentinian President by way of paying Milei’s sister.
Significantly, Milei mentioned he didn’t intend to advertise the token and simplest shared it on social media as a gesture of excellent religion towards the business.
Discussed on this article 
Creator 
Gino Matos Reporter at CryptoSlate
Gino Matos is a legislation college graduate and a seasoned journalist with six years of revel in within the crypto business. His experience essentially makes a speciality of the Brazilian blockchain ecosystem and traits in decentralized finance (DeFi).
Editor
Assad Jafri Editor & Reporter at CryptoSlate
AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his abilities international for over a decade. Focusing on monetary journalism, he now makes a speciality of crypto reporting.
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