Bank of England Softens ‘Overly Conservative’ Stablecoin Plans Amid Industry Pressure

Ethena's ENA stablecoin is now live on the Solana blockchain through integration with Sunrise DeFi.

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 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

The post EUR/GBP Price Forecast: Cross remains capped below Key SMAs despite tentative rebound appeared on BitcoinEthereumNews.com. EUR/GBP trades choppy on Thursday, with the British Pound (GBP) modestly outperforming the Euro (EUR) on the back of resilient UK economic data, while traders also assess growing political noise in the United Kingdom. At the time of writing, the cross is trading around 0.8659 after touching an intraday high of 0.8668 earlier in the day. The UK economy expanded by 1.1% YoY in the first quarter of 2026, accelerating from 1.0% in the previous quarter and beating market expectations of 0.8%, according to preliminary estimates. On a monthly basis, UK GDP rose 0.3% in March, defying forecasts for a 0.2% contraction, though growth slowed slightly from February’s 0.4% expansion. However, the GBP is struggling to build on gains from the stronger UK economic data as political uncertainty weighs on sentiment. Speculation over potential leadership challenges to Prime

Coinbase is stepping in as the official treasury deployer for USDC on Hyperliquid under a new framework called AQAv2, ending a fragmented stablecoin setup on one of decentralized finance’s most active perpetuals platforms. Coinbase Becomes USDC Treasury Deployer on Hyperliquid as Native Stablecoin USDH Winds Down Announced Thursday, the arrangement places Coinbase at the center […]

Insider Brief UK robotics startup Humanoid has announced a deployment and supply agreement with Schaeffler to bring humanoid robots into live manufacturing operations. According to Humanoid, the agreement calls for phased deployment of Humanoid’s wheeled humanoid robots across Schaeffler facilities, with the first systems expected to begin operating at plants in Germany before the end […]

The post BoE Considers Easing UK Stablecoin Caps After Industry Backlash appeared on BitcoinEthereumNews.com. Update May 14, 2:45 pm UTC: This article has been updated to include comments from Katie Haries, head of policy for Europe at Coinbase. The Bank of England (BoE) is reconsidering parts of its proposed regime for pound sterling stablecoins after digital asset companies warned that holding caps and reserve requirements could stifle adoption and make UK-issued tokens uneconomic. The central bank is looking at alternatives to temporary caps on how many stablecoins individuals and businesses can hold, and is examining whether its requirement that at least 40% of backing assets be held as non-interest-bearing deposits at the BoE is overly conservative, Deputy Governor Sarah Breeden told the Financial Times. The rethink comes as the UK government and regulators try to position Britain as a competitive hub for digital assets while containing risks to bank funding and financial stabilit

The post British Pound: Volatility focus shifts to politics – DBS appeared on BitcoinEthereumNews.com. DBS Bank’s Philip Wee reviews recent FX volatility through the Pound, noting that GBP has been more resilient than EUR and CHF since Operation Epic Fury, helped by the UK’s lower exposure to the energy shock and higher policy rates. However, he highlights that GBP has recently underperformed as markets refocus on UK political risks and reassess Bank of England tightening expectations. Pound resilience gives way to politics risk “Following the start of Operation Epic Fury, GBP (-1.9%) was more resilient than the EUR (-2.2%) and CHF (-3.8%) in March.” “In April, GBP (+2.9%) outperformed the CHF (+2.3%) and EUR(+1.5%).” “However, GBP (-0.6%) underperformed the EUR (-0.2%) and CHF(-0.1%) in the first half of May.” “Markets now see GBP facing a reality check as focus shifts from the US-Iran conflict to 10 Downing Street.” “In the end, the GBP’s outlook remains tethered to the escalation or