Crypto News
Pakistan Engages Michael Saylor in Bold Push Toward Bitcoin-Backed Economy
Pakistan has taken a significant leap toward integrating digital assets into its economic roadmap by hosting bitcoin BTC advocate Michael Saylor, Executive Chairman of Strategy (MSTR).In a high-profile meeting with Finance Minister Muhammad Aurangzeb and Minister of State for Crypto and Blockchain Bilal Bin Saqib, discussions centered around positioning bitcoin as a sovereign-grade asset to bolster Pakistan’s monetary resilience and digital future.Saylor, known for transforming Strategy into the largest corporate holder of bitcoin, praised Pakistan’s openness to innovation. The company’s bitcoin holdings now total approximately 582,000 BTC, valued at over $62 billion, a strategy that has lifted its market cap from $1.2 billion to $105 billion since 2020.Minister Aurangzeb emphasized Pakistan’s ambition to become a leader in digital asset adoption...
Argentina’s Economic Miracle: Milei Achieves Lowest Inflation in Five Years
The measures taken by Milei and his economic team have resulted in a significant reduction in inflation rates, which had reached record highs of over 20% in December 2023. Nonetheless, yearly inflation rates still reach double digits, with Argentines still feeling the heat of price acceleration. Inflation Rates Plummet in Argentina Led by President Milei’sSource link
Vietnam Passes Landmark Law Recognizing Crypto Assets
Vietnam passed a law officially recognizing digital and crypto assets, taking a decisive step toward regulating and promoting the cryptocurrency economy.The Digital Technology Industry Law was passed on June 14 and takes effect Jan. 1, 2026. It outlines a broad framework for managing digital assets and fostering blockchain innovation, according to local media.This legal recognition comes as Vietnam seeks to improve its stance in the rankings of the Financial Action Task Force, an international organization that sets standards to tackle money laundering and financing of terrorism. The country is designated on the FATF's grey list for insufficient anti-money laundering controls, particularly concerning virtual assets.The legislation categorizes digital assets into two groups: virtual assets and crypto assets. While both fall outside...
Metaplanet Acquires Additional 1,112 Bitcoin, Total Holdings Reach 10,000 BTC
Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,112 bitcoin as part of its ongoing Bitcoin Treasury Operations, bringing its total holdings to 10,000 BTC. The latest purchase was made at an average price of 15,182,668 yen (approximatelySource link
Metaplanet Overtakes Coinbase With 10K BTC, Becomes No. 9 Bitcoin Holder
Metaplanet (3350), the Japanese company that's committed to buying bitcoin BTC, boosted its holdings to 10,000 BTC, overtaking crypto exchange Coinbase (COIN) to now own the ninth-largest stash among publicly traded companies.The Tokyo based company bought 1,112 BTC for $117.2 million at an average price of $105,435 per bitcoin, CEO Simon Gerovich posted on X. The purchase lifted its holdings above Coinbase's 9,267, according to data on BitcoinTreasuries.com.As of June 16, Metaplanet’s cumulative bitcoin investment stands at roughly $947 million, with an average acquisition cost of $94,697 per BTC. It started down the bitcoin accumulation path in April 2024.A standout metric in Metaplanet’s performance is its bitcoin yield, a proprietary measure that tracks the percentage change in the ratio of...