Today in Crypto, The President of Argentina, Javier Milei, Faces meaningful Political Pushback after a token he endorsed Became A Financial Catastrophe for Investors, a Prominent Bitcoing Analyst Claimed He Moved All His Bitcoin Into Spot Bitcoin Exchange-Traded Funds (Etfs), and A crook usurped the identity of the first Bermuda to promote a false cryptocurrency token.
Javier Milei risks dismissal after approving $ 107 million in balance carpet
Argentinian president Javier Milei faces calls for dismissal after having approved a cryptocurrency project that collapsed in what analysts call a massive initiate scam.
The Solana-Native Balance (balance) token started its rally on February 14, shortly after Milei published on the project on X, formerly Twitter. His now deleted article included a website and a contractual address for the token, which was a “private project” dedicated to “encouraging the growth of the Argentine economy”.
The balanced token has briefly reached a market capitalization of $ 4.56 billion at 10:30 p.m. UTC on February 14 before falling by more than 94% to a market capitalization of 257 million dollars in just 11 hours since the token did its Beginnings for trade on decentralized exchanges, Dexcreener Data Data DataCrener Data Datascrener Data Datascreener Data Datascreener Data Datascreener Data Data DataCreener Data Data Data Data Data Data Data Data Data Data Doener. shows.
Milei could now face the risk of dismissal after the Argentina’s Fintech Chamber recognized that the case could be a carpet traction.
“This scandal, which bothers us on an international scale, forces us to launch a request for dismissal against the president,” the Leandro Santoro opposition legislator said in Reuters, according to a February 16 report.
Bitcoin Planb analyst transfers Bitcoin to ETF to avoid “hassle with keys”
Bitcoin analyst, Planb, revealed that he had moved all his bitcoin of the auto-custody in bitcoin Bitcoin exchangers (ETF), in order to manage his bitcoin in the same way as the active traditional.
“I suppose that I am no longer a maximum,” said Planb in a post of February 15 x, explaining that he had moved his bitcoin 
Btcusd In the FNB Bitcoin Spot so that he can manage his assets more such as actions and obligations – without the complexities of the aut -custodia.
“Not having to stretch with keys gives me peace of mind,” he said. While Bitcoin Maxis insists that users should always control their own private keys instead of holding their bitcoin on centralized exchanges, self-destruction is accompanied by the responsibility of keeping these keys away from pirates, thieves and other bad actors.
The crook presents itself as the Prime Minister of Bermuda David Burt and promotes false tokens
A crook imitating the Prime Minister of Bermuda, David Burt, used a false profile to promote a fraudulent token called “Bermuda National Coin” on the X platform in a series of publications on social networks.
After discovering the profile of the scam, Prime Minister Burt alerted users to the platform and brought the case to the attention of X and Elon Musk.
However, the page remains active at the time of writing this article and collected more than 51,000 subscribers.
The false profile has a gray check mark – which is reserved for government representatives – has encouraged Burt to wonder how the false account was checked by the platform in the first place.