Argentinian President Javier Milei mentioned it will be “an honor” for Argentina to host the subsequent version of Devconnect, a gathering of impartial occasions that foster the expansion of the Ethereum ecosystem.
Milei made the assertion in response to Vitalik Buterin’s reward of Argentina’s Ethereum neighborhood. He said 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 current 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 position within the area.”
In another X post, Buterin urged that the subsequent version of Devconnect ought to be hosted in Argentina. He mentioned this could possibly be a “nice alternative” to showcase good examples of crypto utilization to the Argentinian neighborhood 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 will be an ideal alternative for our nation.”
Based on Chainalysis’ “2024 Geography of Crypto Report,” Argentina has the Fifteenth-largest crypto adoption index and leads Latin America in crypto worth acquired, 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 method 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, said 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 fine religion towards the trade.
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Gino Matos
Gino Matos is a regulation faculty graduate and a seasoned journalist with six years of expertise within the crypto trade. His experience primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).