The post Bank of England ready to water down ‘overly conservative’ stablecoin proposals: FT appeared on BitcoinEthereumNews.com.
The Bank of England (BOE) is set to ease proposed restrictions on stablecoin holdings following pressure from digital asset industry participants, the Financial Times (FT) reported on Thursday. Sarah Breeden, deputy governor for financial stability, said the central bank’s initial plans to restrict individuals to owning up to 20,000 pounds ($27,000) per coin may have been “overly conservative,” according to the FT. The BOE is “looking very hard at whether there are different ways we can manage what we think is an important risk as stablecoins come into play,” Breeden said in an interview. Stablecoins are cryptocurrencies pegged to the value of a traditional financial asset, usually a fiat currency, mostly the U.S. dollar. They have been at the forefront of the development of mainstream digital asset adoption, helped by the establishment of formal regulatory r
TOTALES, TOTALE50, and TOTALE100 flash 4H long warnings. LINK, TAO, and ONDO sit at pullback zones as stablecoin dominance prints a fresh bullish signal. BTC printed its second TBT bearish divergence. RSI broke local support and carved a lower local low. That is what MooninPapa flagged on X. The bulls still have a bounce window. […]
The post The Market Is Flashing Long Warnings on TOTALES and Nobody Is Talking About It appeared first on Live Bitcoin News.
Grove has launched Basin, a DeFi protocol providing instant onchain stablecoin liquidity for tokenized real-world assets with up to $1 billion in daily liquidity capacity.
The surge in euro stablecoin interest highlights a shift towards regulated digital finance, potentially transforming the 16T euro market landscape.
The post EUR stablecoin issuers see growing interest in €16T market opportunity appeared first on Crypto Briefing.
Coinbase is now Hyperliquid’s official USDC treasury deployer, replacing USDH as the platform’s primary stablecoin asset. USDC on Hyperliquid has reached roughly $5 billion, doubling year-over-year as on-chain trading demand continues to grow. USDH markets will sunset gradually, with feeless conversions to USDC and fiat redemptions available throughout the transition. Hyperliquid’s integration with Coinbase as […]
The post Hyperliquid’s USDC Upgrade Could Reshape On-chain Trading appeared first on Live Bitcoin News.
Bank of England may ease stablecoin restrictions as UK regulators respond to crypto industry pressure and growing U.S. competition. Bank of England is reconsidering its proposed stablecoin regulations after criticism from the crypto industry. Now, officials think that some rules were too strict. Consequently, the central bank is looking at new possibilities for the expanding […]
The post Bank of England Eyes Stablecoin Rule Changes as Competition Heats Up appeared first on Live Bitcoin News.
The post Reform UK’s Nigel Farage Faces Standards Probe Over Tether Billionaire’s $6.7 Million Gift appeared on BitcoinEthereumNews.com.
In brief U.K. MP Nigel Farage is facing a formal investigation by parliamentary standards authorities for allegedly failing to declare a £5 million personal gift. The donor is Christopher Harborne, a Thailand-based cryptocurrency investor with a 12% stake in stablecoin giant Tether. Farage claimed “no obligation” to declare the gift, which was made in 2024 before he announced his candidacy for parliament. The U.K.’s Parliamentary Standards Commissioner is reportedly launching an inquiry into a $6.7 million (£5 million) gift received by Reform U.K. leader Nigel Farage from billionaire Tether investor Christopher Harborne. Farage declared he was under “no obligation” to declare the gift, which was made before he announced his intention to stand in the 2024 general election. “Believe you me, we’ve looked at this from every legal angle,” he told broadcast
The post Bitcoin keeps rallying mid-month – Is Saylor using Strategy’s STRC funding loop to pump BTC? appeared on BitcoinEthereumNews.com.
Make CryptoSlate preferred on Bitcoin has been seeing recurring mid-month strength this year, and it is becoming harder to separate it from Strategy’s (formerly MicroStrategy) expanding preferred-stock machine. The funding channel is helping the company continue to buy the flagship digital asset while adding a growing layer of cost to its balance sheet. Research firm K33 has tied the pattern to Strategy’s perpetual preferred stock, STRC, which has become a key source of liquidity for the world’s largest corporate Bitcoin holder. The instrument pays dividends at month-end, but investors must own the shares by the 15th to qualify for the payout. That deadline has turned the middle of each month into a predictable window of demand. Investors buy STRC ahead of the cutoff, driving up its trading volume, and the stock moves back toward its $100 par value.
