Argentinian President Javier Milei acknowledged it can well presumably be “an honor” for Argentina to host the following model of Devconnect, a gathering of fair events that foster the growth of the Ethereum ecosystem.Â

Milei made the assertion in response to Vitalik Buterin’s praise of Argentina’s Ethereum neighborhood. He acknowledged the vitality and resolution of builders primarily primarily based within the country are right and the tournament must be held there.

The Ethereum co-founder assessed that the recent LIBRA memecoin scandal could well presumably still no longer be viewed as a cause to end believing in crypto however as a motivation to unfold education.

He added:

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

In one other X publish, Buterin suggested that the following model of Devconnect must be hosted in Argentina. He acknowledged it would be a “mountainous opportunity” to showcase correct examples of crypto usage to the Argentinian neighborhood and then tagged Milei within the publish.

Milei answered through social media:

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

In accordance with Chainalysis’ “2024 Geography of Crypto Epic,” Argentina has the 15th-biggest crypto adoption index and leads Latin The US in crypto price bought, 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 mighty controversy. Milei counseled the memecoin LIBRA on Feb. 14, asserting the token changed into once a technique to fund Argentinian ventures.Â

The token reached a $4.5 billion valuation ahead of crashing 95% over the weekend. A advise by Nansen estimated that 86% of merchants misplaced $251 million, and 70% of wallets procuring and selling the token over the weekend continued losses.

Hayden Davis, a key resolve unhurried LIBRA, acknowledged in an interview that Milei had no monetary stake within the token after the fiasco. Davis reportedly claimed to persuade the Argentinian President by paying Milei’s sister.

Particularly, Milei acknowledged he did now not intend to promote the token and handiest shared it on social media as a gesture of correct faith in direction of the commerce.

Mentioned in this article

Ethereum Solana Javier Milei Vitalik Buterin

Creator

Gino Matos

Reporter at CryptoSlate

Gino Matos is a regulation school graduate and a seasoned journalist with six years of experience within the crypto commerce. His skills primarily specializes within the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).

@pelimatos LinkedIn Electronic mail Gino

Editor

Assad Jafri

Editor & Reporter at CryptoSlate

AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. That specialise in monetary journalism, he now specializes in crypto reporting.

@Saajthebard LinkedIn Electronic mail Editor

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