$XRP As of May 10, 2025, XRP (Ripple) is trading at approximately $2.42 USD, reflecting a 0.83% increase over the past 24 hours. This cryptocurrency has been on a strong upward trend, with its price appreciating over 20% against the Pakistani Rupee (PKR) in the past month.
Here are the latest XRP to PKR exchange rates from major platforms:
CoinGecko: ₨670.23 per XRP - Known for comprehensive price tracking and real-time data.
CoinMarketCap: ₨675.22 per XRP - One of the most widely used platforms for crypto market analysis and rankings.
Binance: ₨671.64 per XRP - The largest cryptocurrency exchange by trading volume, offering robust trading features.
This surge in XRP's value can be attributed to a combination of factors, including increased adoption of Ripple's technology, broader market recovery, and potentially favorable legal outcomes. However, as with any cryptocurrency, prices can be highly volatile, and it’s essential to stay updated on market trends and regulatory changes when investing.
#SaylorBTCPurchase Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has announced an ambitious plan to raise $84 billion to acquire additional Bitcoin (BTC). This capital will be sourced equally through equity and fixed-income instruments, marking a significant escalation from the company's previous $21 billion fundraising efforts.
As of April 28, 2025, Strategy holds 553,555 BTC, representing approximately 2.64% of the total Bitcoin supply. These holdings are valued at over $53 billion, with an average acquisition price of $68,459 per BTC.
The company has been actively increasing its Bitcoin reserves:
Between March 24 and March 30, Strategy purchased 22,048 BTC for approximately $1.92 billion, at an average price of $86,969 per coin.
From April 14 to April 20, it acquired 6,556 BTC for $555.8 million, averaging $84,785 per BTC.
On April 27, the company added 15,355 BTC for $1.42 billion, as Bitcoin's price surged above $90,000.
Despite reporting a net loss of $4.22 billion for Q1 2025, primarily due to accounting adjustments under fair value rules, Strategy's stock has risen 32% year-to-date, outperforming the Nasdaq 100.
#DigitalAssetBill The term #DigitalAssetBill encompasses various legislative efforts worldwide aimed at regulating digital assets such as cryptocurrencies and NFTs. Here's an overview of recent developments in the UK and the US:
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🇬🇧 United Kingdom: Property (Digital Assets etc.) Bill
The UK government introduced the Property (Digital Assets etc.) Bill in September 2024 to clarify the legal status of digital assets under English and Welsh law. The bill aims to recognize digital assets—like crypto tokens and NFTs—as personal property, even if they don't fit into traditional categories of property. This legal recognition is intended to provide certainty and protection for individuals and businesses dealing with digital assets.
As of May 2025, the bill is undergoing its third reading in the House of Lords, focusing on ensuring the legislation is effective and free of loopholes.
Additionally, the UK Financial Conduct Authority (FCA) is proposing a ban on retail investors purchasing cryptocurrencies using borrowed funds, such as credit cards. This measure aims to protect consumers from the risks associated with leveraged crypto investments.