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Milie/$LIBRA Scandal: Neiro CTO S. Discusses Hard Lessons

Summary by Coingape

The whole crypto community could have hardly imagined that a single promoting post from Argentine President Javier Milie on 14 Feb would end up in a devastated loss of $251 million for over 86% of the $LIBRA coin traders. The now-deleted post by President Javier Milei promoted Solana meme coin, $LIBRA, calling it a tool to fund small businesses in Argentina. In only a few hours span, the market cap of Solana meme coin reached to $4.5 billion as …

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

Memecoin Libra Under Fire: Allegations Of Parallel Project In Nigeria Surface

Source: Bitcoinist The recent controversy surrounding the memecoin Libra (LIBRA) has sparked significant global attention, particularly following revelations about its alleged ties to prominent political figures and “questionable business practices.” According to reports from The Big Whale, the team behind Libra was allegedly developing a parallel memecoin project in Nigeria and had established contact with the Nigerian presidential team. This …

4 hours ago

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Crypto Breaking News

Uncovering the Ongoing Libra Scandal and its Impact on Bitcoin Price: Finance Redefined

Argentinian economist and political figure, Javier Milei, faces potential impeachment as he ventures into the political arena challenging the status quo. With a staggering $107 million in Libra’s stablecoin project, Milei dives into the world of cryptocurrency amid controversy and speculation. Meanwhile, Samson Mow, CSO of Blockstream, dismisses the recent surge in Bitcoin’s price as manufactured and manipulated. Mow questions the authenticity a…

13 hours ago

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Crypto Economy

Crypto Chaos: Inflation, LIBRA Scandal & Market Turmoil—What’s Next? - Crypto Economy

TL;DR The recent release of the Consumer Price Index (CPI) surprised the markets, reigniting fears of persistent inflation that could increase the volatility of cryptocurrencies. The collapse of the LIBRA token, backed by Argentine President Javier Milei, has exposed the risks of speculative assets, eroding confidence in trendy cryptocurrencies. While some assets face turbulence, Litecoin has demonstrated unexpected growth, driven by the possib…

18 hours ago

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Coingape

Milie/$LIBRA Scandal: Neiro CTO S. Discusses Hard Lessons

The Libra Token Scandal: What Went Wrong

Millions lost, political turmoil, and legal investigations—what went wrong with $LIBRA The Libra Token Scandal – In February 2025, Argentina faced a significant financial and political upheaval due to the rapid rise and fall of the cryptocurrency known as $LIBRA. Promoted by President Javier...

1 day ago

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Fintech News

Lessons from Argentina’s $LIBRA scandal and the future of Crypto

$LIBRA scandal, endorsed by President Javier Milei, exposed meme coins vulnerabilities and insider trading, reshaping crypto’s future. By Jane Lubale Argentina’s $LIBRA scandal, tied to President Javier Milei, rocked the crypto world in February 2025. Hyped as an economic savior, the memecoin hit a $4.5 billion market cap before crashing over 90% amid insider trading revelations. This mess, now under legal scrutiny, has sparked a reckoning for…

1 day ago

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