Blockchain and Cryptocurrency News Roundup

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  • April 25, 2022
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25th April 2022

Here’s a short summary of some of the biggest headlines in Crypto: Coinbase Exchange’s NFT Marketplace Goes Live in Beta, Tsinghua University Opens First Metaverse Lab in China, and finally, Bank of England Solicits Funds to Enhance Crypto Crackdown.

Coinbase Exchange’s NFT Marketplace Goes Live in Beta

Nasdaq-listed cryptocurrency trading platform Coinbase Global Inc has announced the launch of the Beta version of its Non-Fungible Token (NFT) marketplace months after it unveiled plans to launch the service.

As revealed in a press conference, Coinbase said the Beta version is only available to select users who were picked based on their number on the waitlist that was opened for registration last year.

The Coinbase NFT marketplace is launching with only Ethereum-based collections such as Doodles, Azuki, World of Women (WoW), and Where My Vans Go. No fees will be charged for a limited time, and according to the trading platform, trading fees when they are charged will be single-digit and compete with industry standards.

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Tsinghua University Opens First Metaverse Lab in China

Tsinghua University has launched China’s first metaverse laboratory, dedicated to studying the growth and expansion of the new digital industry in the country, according to a report by The Crypto Times.

The metaverse laboratory, “Metaverse Culture Laboratory”, was founded in a partnership between Tsinghua’s School of Journalism and Communications and Chinese Online (COL) – China’s largest provider of genuine digital content.

As part of its future initiatives, the laboratory will be conducting research and analyzing trends in the metaverse to help understand the various areas in the metaverse that media companies can explore.

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Bank of England Solicits Funds to Enhance Crypto Crackdown

Britain’s apex bank, the Bank of England, through the Prudential Regulation Authority (PRA), is looking to raise as much as 321 million pounds ($419 million) from the commercial institutions it is regulating as it is planning to shore up its regulatory efforts in the digital currency ecosystem.

With the proposed funds it hopes to raise projected to be 8% above what was pulled by the PRA in 2021, the Bank of England is looking to onboard as many as 100 staff that will help chart its regulatory agenda for the nascent industry moving forward. 

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