A social media post by Argentine President Javier Milei endorsing a cryptocurrency has sparked controversy, backlash, and impeachment threats
Argentine President Javier Milei is under fire and facing impeachment threats after promoting a cryptocurrency in a social media post, which later crashed.
Milei posted on X endorsing the little-known crypto coin $LIBRA, causing its value to surge to nearly $5 per token. However, just hours later, the cryptocurrency plummeted to below $1.
Argentina’s fintech chamber has acknowledged that the case could potentially be a "rug pull," a scheme in which developers inflate a token’s value through legitimate investments before selling off their holdings and causing its collapse.
Opposition lawmakers have announced plans to file an impeachment request against the president.
Milei deleted the post after a few hours, claiming he was unaware of the circumstances and had no connection to the cryptocurrency.
Argentina’s Presidential Office has announced the creation of a task force to investigate the launch of $LIBRA and the companies and individuals involved in its operation.
Argentina's President Javier Milei is under investigation for fraud after endorsing the cryptocurrency $LIBRA, which surged and then crashed, causing significant investor losses.
Argentina’s President Javier Milei declared that he would follow the United States in withdrawing from the World Health Organization due to “profound differences in health management, especially due to the pandemic, which led us to the longest confinement in the history of humanity.”
Fans of Liam Payne gathered outside the Buenos Aires hotel on Monday to honor the late singer, placing flowers at a makeshift shrine where he tragically died two months ago.
Argentina’s monthly inflation is likely to stay below 3% in November, one of the lowest levels this year.
Ukrainian President Volodymyr Zelenskyy has confirmed that Kyiv and Washington are working on an economic deal, but tensions remain over U.S. demands and Ukraine’s exclusion from U.S.-Russia peace talks.
The United States has put forward a draft United Nations resolution marking the third anniversary of the Ukraine war, setting up a clash with Kyiv and European allies who have been negotiating their own text for a General Assembly vote on Monday.
Desperate residents in Bukavu, eastern Democratic Republic of Congo, are facing severe cash shortages as banks remain shut following the M23 rebel group’s seizure of the city. With no access to their funds, many are struggling to afford food, electricity, and basic necessities.
Burundi is struggling to cope with a rapid influx of over 40,000 refugees fleeing intensified fighting in eastern Democratic Republic of Congo (DRC). The UN has warned of an escalating humanitarian crisis as thousands arrive daily, many in urgent need of aid.
The city of Buriticupu, in Brazil’s northeastern Amazon, is facing a worsening crisis as massive sinkholes continue to expand, forcing authorities to declare a state of emergency. More than 1,200 residents are at risk of losing their homes.
A tragic crowd crush at New Delhi Railway Station on Saturday night left 18 dead and 10 injured as thousands of people, many heading to the Kumbh Mela festival, attempted to board delayed trains. The incident highlights the ongoing risks of overcrowding at public transportation hubs in India.
A Delta Air Lines regional jet flipped upside down upon landing at Toronto Pearson Airport on Monday, injuring 18 people. Officials are investigating whether strong winds and snow played a role in the incident.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
Ukrainian President Volodymyr Zelenskyy has confirmed that Kyiv and Washington are working on an economic deal, but tensions remain over U.S. demands and Ukraine’s exclusion from U.S.-Russia peace talks.
The United States has put forward a draft United Nations resolution marking the third anniversary of the Ukraine war, setting up a clash with Kyiv and European allies who have been negotiating their own text for a General Assembly vote on Monday.
Desperate residents in Bukavu, eastern Democratic Republic of Congo, are facing severe cash shortages as banks remain shut following the M23 rebel group’s seizure of the city. With no access to their funds, many are struggling to afford food, electricity, and basic necessities.
Burundi is struggling to cope with a rapid influx of over 40,000 refugees fleeing intensified fighting in eastern Democratic Republic of Congo (DRC). The UN has warned of an escalating humanitarian crisis as thousands arrive daily, many in urgent need of aid.
German police have arrested a suspect in connection with a stabbing at Berlin’s Holocaust memorial on Friday evening. The attack, which left one man seriously injured, comes just days before a pivotal national election.
Ukrainian President Volodymyr Zelenskyy has confirmed that Kyiv and Washington are working on an economic deal, but tensions remain over U.S. demands and Ukraine’s exclusion from U.S.-Russia peace talks.
The United States has put forward a draft United Nations resolution marking the third anniversary of the Ukraine war, setting up a clash with Kyiv and European allies who have been negotiating their own text for a General Assembly vote on Monday.
Desperate residents in Bukavu, eastern Democratic Republic of Congo, are facing severe cash shortages as banks remain shut following the M23 rebel group’s seizure of the city. With no access to their funds, many are struggling to afford food, electricity, and basic necessities.
Burundi is struggling to cope with a rapid influx of over 40,000 refugees fleeing intensified fighting in eastern Democratic Republic of Congo (DRC). The UN has warned of an escalating humanitarian crisis as thousands arrive daily, many in urgent need of aid.
The city of Buriticupu, in Brazil’s northeastern Amazon, is facing a worsening crisis as massive sinkholes continue to expand, forcing authorities to declare a state of emergency. More than 1,200 residents are at risk of losing their homes.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment