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Javier Milei risks impeachment after Libra rug pull

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Argentine President Javier Milei is facing calls for impeachment following allegations linking his administration to a $107 million cryptocurrency scam known as the “Libra” rug pull. Opposition lawmakers have accused Milei of promoting the fraudulent project through government-affiliated channels, leading to significant financial losses for investors. The scandal has intensified political tensions in Argentina, where Milei’s pro-market and crypto-friendly stance has already been under scrutiny.

The controversy erupted after reports surfaced that Libra, a crypto investment scheme promising high returns, abruptly shut down, leaving investors without access to their funds. Critics claim that Milei’s administration played a role in legitimizing the project, with official social media channels allegedly amplifying its credibility. While Milei has denied any direct involvement, opposition leaders argue that his government’s endorsement misled the public, warranting a thorough investigation and potential impeachment proceedings.

Milei, a vocal advocate for financial decentralization and cryptocurrency adoption, has previously positioned himself as a champion of economic freedom. However, the Libra scandal threatens to undermine his credibility, as concerns grow over the government’s role in promoting risky investment schemes. The situation has sparked widespread debate over Argentina’s regulatory approach to cryptocurrencies and whether more oversight is needed to protect investors from fraudulent activities.

As pressure mounts, legal experts and political analysts suggest that impeachment proceedings could gain traction if concrete evidence of misconduct emerges. The scandal also raises broader questions about the intersection of politics and cryptocurrency in Argentina, with lawmakers calling for stricter measures to prevent future scams. Meanwhile, affected investors are demanding accountability and compensation, further fueling the political firestorm surrounding Milei’s administration.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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