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

February 20, 2025Updated:February 20, 2025No Comments3 Mins Read
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Javier Milei invites Vitalik Buterin to host Ethereum’s Devconnect in Argentina amid LIBRA token controversy
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Argentinian President Javier Milei mentioned it could be “an honor” for Argentina to host the subsequent version of Devconnect, a gathering of unbiased occasions that foster the expansion of the Ethereum ecosystem. 

Milei made the assertion in response to Vitalik Buterin’s reward of Argentina’s Ethereum group. He mentioned the power and willpower of builders primarily based within the nation are actual and the occasion ought to be held there.

The Ethereum co-founder assessed that the latest LIBRA memecoin scandal shouldn’t be seen as a cause to cease believing in crypto however as a motivation to unfold schooling.

He added:

“I proceed to be very optimistic about Argentina and Latam’s contributions and function within the area.”

In one other X publish, Buterin instructed that the subsequent version of Devconnect ought to be hosted in Argentina. He mentioned this might be a “nice alternative” to showcase good examples of crypto utilization to the Argentinian group after which tagged Milei within the publish.

Milei responded by way of social media:

“THANK YOU VERY MUCH VITALIK BUTERIN  FOR YOUR WORDS ABOUT ARGENTINE TALENT!!! It will be an honor for Argentina to host Devconnect. I agree that it could be an amazing alternative for our nation.”

In keeping with Chainalysis’ “2024 Geography of Crypto Report,” Argentina has the Fifteenth-largest crypto adoption index and leads Latin America in crypto worth obtained, 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 serious controversy. Milei endorsed the memecoin LIBRA on Feb. 14, saying the token was a approach to fund Argentinian ventures. 

The token reached a $4.5 billion valuation earlier than crashing 95% over the weekend. A report by Nansen estimated that 86% of merchants misplaced $251 million, and 70% of wallets buying and selling the token over the weekend endured losses.

Hayden Davis, a key determine behind LIBRA, mentioned in an interview that Milei had no monetary stake within the token after the fiasco. Davis reportedly claimed to affect the Argentinian President by paying Milei’s sister.

Notably, Milei mentioned he didn’t intend to advertise the token and solely shared it on social media as a gesture of excellent religion towards the business.

Talked about on this article
Javier Milei invites Vitalik Buterin to host Ethereum’s Devconnect in Argentina amid LIBRA token controversyBlocscale
Creator

Gino Matos

Reporter at CryptoSlate

Gino Matos is a legislation college graduate and a seasoned journalist with six years of expertise within the crypto business. His experience primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).

Editor

Assad Jafri

Editor & Reporter at CryptoSlate

AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his expertise worldwide for over a decade. Specializing in monetary journalism, he now focuses on crypto reporting.

Disclaimer: Our writers’ opinions are solely their very own and don’t replicate the opinion of CryptoSlate. Not one of the info you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any mission which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought-about a high-risk exercise. Please do your personal due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no accountability do you have to lose cash buying and selling cryptocurrencies.



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