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Argentina’s peso continues to sell off despite a U.S. rescue package, ahead of a key election that could trigger another steep bout of depreciation. On Friday, the currency slipped 0.4% against the U.S. dollar, which now trades at nearly 1,492 pesos. The exchange rate has already hit a record low and is below its level … Read more
Scott Bessent, billionaire investor and hedge fund founder, has thrown himself into the center of two political firestorms—one in New York City, the other thousands of miles south in Argentina. As Bessent helped engineer a $20 billion currency swap line for Argentina, run by the Elon Musk–like controversy-magnet president, the famously eccentric Javier Milei, he … Read more
Robert F. Kennedy Jr., a fringe anti-vaxxer who somehow became head of America’s health agencies under President Donald Trump, met with the president of Argentina and discussed establishing a new alternative to the World Health Organization, according to a tweet from Kennedy on Tuesday. And while the substance of their meeting is important, all anyone … Read more
Key Takeaways President Milei dissolved the Investigation Task Unit that was probing the $LIBRA token. The UTI gathered data from various government bodies and has fulfilled its intended purpose. Share this article Argentine President Javier Milei has officially disbanded the Investigation Task Unit (UTI), the special body tasked with investigating the controversial $LIBRA token, which … Read more
The fallout from the $LIBRA cryptocurrency collapse is quickly turning into a full-blown political and legal crisis in Argentina. At the center of it all is President Javier Milei, whose public support for the token earlier this year is now under intense scrutiny. What started as a flashy meme coin promotion has spiraled into asset … Read more
Oh no, the crypto market is down and keeps dipping even after a small recovery. A series of unfortunate events, including statements and actions by Argentina President Javier Milei, have contributed to this fall. Milei and Hayden Davis with LIBRA did us a reverse Midas touch and liquidated even big retail players. Today, the crypto … Read more
Key Takeaways President Javier Milei clarified he merely shared information about $LIBRA, not actively promoting it. Milei met with Hayden Mark Davis for developing financing for entrepreneurs but denies extensive investor impact. Share this article Argentine president Javier Milei is defending himself amidst accusations of fraud and calls for impeachment following his promotion of the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina’s libertarian president Javier Milei has been buffeted by a scandal over his promotion of a memecoin that soared in value before collapsing, triggering impeachment calls and lawsuits. Milei promoted a cryptocurrency called $LIBRA on … Read more
Key Takeaways Argentinian president faces fraud charges related to $LIBRA token promotion on social media. Investors suffered losses after the $LIBRA token value collapsed following the president’s social media post and its subsequent deletion. Share this article Argentine President Javier Milei faces criminal fraud charges following his promotion of the $LIBRA token, which surged to … Read more
The Solana-based LIBRA token, initially promoted by Argentinian President Javier Milei, collapsed within hours of its launch. The collapse wiped out $4.4 billion in market capitalization and affected the overall meme coin market. The incident began with Milei’s social media post at 5:01 PM ET, promoting a token purportedly aimed at “boosting the Argentine economy … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4