Tag: study

UC Berkeley Launches Defi MOOC to Students and Opens to The Public

The University of California at Berkeley (UC Berkely) has introduced a massive open online course, or MOOC, concerning decentralised finance to the public.

Starting from this fall semester, the course provides 16 weeks of lectures to the public to fulfil “the purpose of bringing students and interdisciplinary experts together in Computer Science and Finance to discuss the emerging area of DeFi,” according to the official website.

“Over 1400 students have enrolled on the course,” so far, Dr Dawn Song, a Professor of Electrical Engineering and Computer Science at UC Berkeley, said on her Twitter.

This MOOC covers multiple issues, including the introduction of smart contracts, privacy in Defi, Defi Security and so forth.

This top-notch public university in the U.S and 8th best global academic institution in a recent Times Higher Education rankings, has organised a Bitcoin-related introduction course during the spring semester before the Defi MOOC.

UC Berkeley itself is also taking the world by storm in the blockchain and crypto sector. In May, the academic organised an auction for bidding non-fungible tokens (NFT) from Nobel Prize-winning inventions.

In June, local media KQED reported the winning bid eventually came in at 22 Ethereum (ETH), around $83,430 based on the current price. The bidding was owned by FiatluxDAO, a group of university alumni who formed a Decentralized Autonomous Organization.

The academy said 85% of the auction revenue would contribute to research funding and education-related, including the energy cost offset by the mining process of the NFT. The college would also get 10% from any subsequent sale of the NFT.

Defi has become one of the leading growth sectors in the crypto ecosystem. According to data provider DappRadar, the total value locked (TVL) in decentralised finance reaches $128.97 billion. TVL is a measure of the total value of assets committed to the Defi ecosystem.

Bitcoin Investors are "Buying the Dip" in Anticipation of a Bounce Back to $55K in Six Months, Morning Consult Study Shows

Bitcoin investors are still optimistic because they continue stacking with the expectation that the price will rebound to the $55,223 level in six months, according to a study by data intelligence company Morning Consult.

Charlotte Principato, Morning Consult’s managing director, stated:

“That means consumers have so far proved less nervous about bitcoin’s price drop this time around compared with last summer, when its price plummeted.”

The study noted that approximately 21% of the respondents in the U.S. were inclined to buy Bitcoin even at lows of $32,983 recorded recently. 

Morning Consult acknowledged that the percentage of U.S. investors who could buy the cryptocurrency nosedived from 17% in May 2021 to 13% in July of the same year.

During the time, Bitcoin shed off more than 50% of its value by dropping to lows of $28,000 as Chinese authorities intensified their crackdown on crypto mining. 

The most bullish respondents were holders of Bitcoin worth more than $500 because they anticipated the top cryptocurrency to surge to $62,439 in the next six months, bringing it closer to the all-time high (ATH) price of $69,000 recorded in November 2021. 

“Making money” emerged as the primary reason that made investors at 70% jump on the Bitcoin bandwagon, per the study. 

The report also acknowledged that Bitcoin investors were more risk-tolerant than the general population because they had a four times likelihood of accepting financial risks. 

On the other hand, analysts have opined that Bitcoin needs to breach the high resistance zone between $38,000 and $40,000 for significant upward momentum. 

Meanwhile, crypto adoption continues experiencing an uptick, given that payments associated with Visa’s crypto-lined cards soared to $2.5 billion during the company’s fiscal first quarter of 2022. 

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