Wes Streeting prepares to challenge Keir Starmer amid Labour Party turmoil

BoE officials are reportedly reviewing caps and reserve rules as the UK tries to keep stablecoin issuers onshore.

Rising UK borrowing costs amid political and inflationary pressures could trigger capital flight, impacting economic stability and investor confidence. The post UK borrowing costs hit 18-year high as leadership uncertainty rattles gilt markets appeared first on Crypto Briefing.

The post British Pound: Political risks and Gilt reprieve – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale strategists note that the recent selloff in Gilts has eased after long-end yields spiked to multi-year highs on fears of looser fiscal rules under a more left-wing Labour leadership. They highlight internal Labour Party dynamics, with several senior figures leaning left on spending and borrowing but favouring closer EU ties, while identifying Wes Streeting as the most market-friendly, fiscally conservative option. Gilts steady as Labour risks evolve “In the UK, the selloff in Gilts abated after the spike to multi-year highs in long-end yields over concerns for a loosening of fiscal rules under a more left-wing Labour party leadership.” “Health Secretary Wes Streeting could trigger a leadership contest as early as today and with Andy Burnham not in a position to contest, Angela Rayner indicated she may run after being cleared by HMRC of deliberate wrongdoing

BoE weighs easing UK stablecoin caps and reserve demands after industry backlash, in a move that could decide whether GBP tokens can compete with dollar‑pegged rivals.

The Bank of England has begun reconsidering parts of its proposed stablecoin framework after digital asset firms warned that strict reserve rules and ownership caps could make pound-backed tokens difficult to use at scale. According to the Financial Times, Bank…

The Bank of England's policy shift may enhance the UK's competitive edge in digital finance, fostering innovation and attracting global crypto firms. The post Bank of England ready to scrap £20,000 stablecoin ownership cap after backlash appeared first on Crypto Briefing.

Algorand powers UK’s first blockchain water reuse credits as YTL and Hypercube tokenize treated wastewater serving 2.9M people. Hypercube and YTL Enterprises have launched the UK’s first blockchain-verified water reuse credit system, built on Algorand. The project converts treated wastewater into tokenised credits under Hypercube’s WTR standard. It links water reuse, digital verification, and local […] The post Algorand Powers UK’s First Blockchain Water Reuse Credit System appeared first on Live Bitcoin News.

The post Humanoid’s 1,000+ Robot Deal with Schaeffler Hints At 100,000 Units By 2031 appeared on BitcoinEthereumNews.com. Over 1,000 humanoid robots by Humanoid, a UK company, will now be working for Schaeffler, the German automotive and industrial supplier. Humanoid Two-year-old British startup Humanoid has signed a deal to integrate “a four-digit number of humanoid robots into live manufacturing operations” at German industrial giant Schaeffler’s factories starting later this year. The bigger news, however, might be that Humanoid has committed to buying a “seven-digit number of actuators” from Schaeffler over the term of the agreement, suggesting that Humanoid intends to ship a staggering 100,000 humanoid robots across all of its clients over the next five years. Four months ago, Schaeffler and a two-year-old British startup called Humanoid announced they’d put “several hundred” humanoid robots into the German industrial giant’s factories over the next five to six years. Something mu