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Biggest Movers: SAND Surges on HSBC Partnership — MKR, WAVES Both Nearly 10% Higher

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SAND was higher on Wednesday, as it was announced that HSBC was set to enter the Metaverse via The Sandbox. While up nearly 10% on the news, MKR and WAVES were also some of today’s leading gainers. The Sandbox (SAND) On Wednesday, it was confirmed that The Sandbox and the British financial institution HSBC agreed … Read more

British Investment Bank HSBC Joins Metaverse via Sandbox, Animoca Brands Partnership

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The British multinational investment bank and financial services holding company, HSBC, has revealed it has partnered with the blockchain virtual gaming platform The Sandbox. According to the platform’s parent company, Animoca Brands, HSBC is the first global financial services provider to enter The Sandbox metaverse. HSBC Steps Into the Metaverse Over the last 12 months, … Read more

Poll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year

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A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author details that after the conflict in Ukraine, “fewer economists” predict the ECB will raise the benchmark bank rate earlier. Moreover, a … Read more

Fraud-Accused South African Bitcoin Trader to Turn Himself Over to Police: Report

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Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute. Shezi: Shareholders Signed Up for Education, Not Investments Despite his rejection of the allegations, a spokesperson for the country’s police told the Sunday Times newspaper that Shezi has agreed to turn … Read more

HSBC Becomes Latest Bank to Suspend Payments to Crypto Exchange Binance in UK

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HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this decision due to concerns about the possible risks to you.” ‘We’re Suspending Payments to … Read more

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