News
Argentina’s Chamber of Deputies voted to launch an investigation into President Javier Milei on allegations he promoted the Libra memecoin scam.
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Libra News
While there were many rumors circulating around Facebook’s quiet cryptocurrency project, details didn’t emerge until mid-June 2019 with the reveal of Libra — a cryptocurrency backed by reserve assets maintained in concert by a consortium of companies around the world with the goal of providing secure financial services to anyone anywhere.
The news triggered immediate pushback by the United States government for fear of Facebook’s track record with user data, influence on world affairs and the possible upending of the U.S. dollar’s status as a global reserve currency. Notably, both Facebook CEO Mark Zuckerberg and Libra head David Marcus testified before the House Financial Services Committee.
The Libra project has since pivoted to issuing fiat-backed stablecoins rather than attempting to issue a wholly new currency to be used by Facebook’s billion-plus user base.
The project quickly ignited a debate among world leaders around the future of digital assets in the global economy, with some countries actively researching and developing their own digital currency initiatives.
- News
Crypto firms push for stricter rules on politically endorsed tokens after the $4 billion Libra collapse, citing liquidity locks and insider trading restrictions as solutions
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An Argentine lawyer who represented a former president in a fraud case asked for a global arrest warrant to be issued for LIBRA token creator Hayden Davis.
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The disagreement over whether the SEC or CFTC should regulate memecoins points to confusion arising from the lack of a clear regulatory framework for digital assets.
4460 - Markets News
The chances for pro-crypto regulation in Argentina could crumble as a result of President Milei’s LIBRA memecoin scandal.
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Solana’s top memecoin launchpad, Pump.fun, is experiencing a decline in activity, with daily launches and revenue falling below its usual benchmarks.
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Javier Milei, the President of Argentina, has arrived in the United States as the LIBRA scandal continues to unfold.
3830 - Analysis
The launch of the LIBRA token has sparked controversy in the Solana ecosystem, seeing Meteora co-founder Ben Chow resign and Jupiter launch an investigation.
3500 - Market Analysis
Solana price plummets as a drop in onchain activity, declining DApps TVL and looming SOL token unlocks approach.
11849 - News
A group of Argentine lawyers has filed a complaint with the US DOJ and FBI that points to the protagonists behind the LIBRA token and asks for President Javier Milei to be investigated.
4834 - Market Analysis
11.2 million SOL tokens will unlock on March 1. Will traders hold, short or sell their Solana positions ahead of the distribution event?
14465 - News
Open Libra aims to build a platform “aligned with humanist values” in a permissionless, open-source, non-corporate environment.
16063 - Interview
Sam Blackshear, the creator of Move, spoke with Cointelegraph to give the inside story on the language of Aptos and Sui.
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The vulnerability was located in a file that translates human-readable code into machine language for storage.
8097 - Altcoin Watch
Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price.
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