Crypto Market Overview July 25th | Dex-Trade

Crypto Market Overview July 25th | Dex-Trade

Metaverse Theory and Practice: A New Course from the University of Tokyo

Japan's Todai University, also called Tokyo University, has announced plans to roll out a series of educational programs for a wide audience aimed at gaining theoretical and practical experience in the field of engineering and computer science, with a focus on metaverses. The main goal of the project is to inform people about the lack of qualified personnel capable of working in the field of digital transformation. Thus, within the framework of the project, students will be able to access online courses on artificial intelligence, entrepreneurial education and next-generation communication technologies, as well as try their hand at developing digital products. In addition, students will receive practical advice on professional development in engineering and computer science during the metaverse-based curriculum, and upon completion of the training they will be issued official certificates. The creators of the project also guarantee that "anyone, regardless of age, gender, social standing, and area of residence" will be able to get an education in the field of engineering and computer science. It’s worth noting that Todai is not the only university that has launched educational initiatives dedicated to the study of the theoretical and practical features of the metaverse. In May of this year, the University of São Paulo (USP) announced that it would be delving into the metaverse to analyze the effectiveness of VR and AR. We look forward to similar initiatives from MIT.


Billion Users By 2030: Coinbase Will Grow By leaps and bounds

According to a report by Bitget, Foresight Ventures and Boston Consulting, the number of Coinbase cryptocurrency exchange users could reach 1 billion by 2030, but only if the current scheme and dynamics of investing in the digital asset market continue. “My guess is that in 10-20 years, we’ll see a substantial portion of GDP happening in the crypto economy.” — Coinbase CEO Brian Armstrong said at a meeting with LLC CEO Cathie Wood. After the “crypto winter,” among many enthusiasts who have not yet gained experience in crypto trading, the opinion has settled that it’s already too late to invest in cryptocurrencies due to a massive price collapse. But, according to reports, the market is in the stage of acceptance and each individual trader now invests almost 0.3% of his fortune in digital assets. However, the share of investments in classic assets and securities now amounts to approximately 25% of the profits received by investors. At the same time, cryptocurrency markets began to actively attract experienced investors. Where institutional players invest 2% of their wealth in cryptocurrency, retail users invest up to 4%. The most active of institutionals are hedge funds and venture capital companies.


A Group of Hackers Stole 18.5 Million Tokens from the Audius Treasury NFT

Crypto tracking and control platform, MistTrack_io, reported that 18.5 million AUDIO tokens were stolen from the NFT marketplace Audius Treasury, which were subsequently exchanged via Uniswap for 705 ETH. Audius has confirmed that there has been an "unauthorized transfer" of its AUDIO utility token from the community treasury. They stated that the developers have identified the source of the problem and have taken steps to clean up the mess. According to Audius employees, there is no threat to the tokens at the moment, but, the project has limited all smart contracts in Ethereum network, including token balances and transfers, in order to avoid more damage. Notably, the thieves' wallet transaction history showed that they had previously received 10 BNB tokens through the Tornado Cash security protocol. Consequently, they transferred all the stolen ETH tokens to the protocol in order to obfuscate the trail. Recall that secret transaction protocols, otherwise known as mixers, are a convenient tool for cybercriminals because they help to hide the source of funds. According to Chainalysis, the use of crypto mixers reached an all-time high in 2022, when almost 10% of all funds sent from addresses linked to criminals went through Tornado Cash and similar mixers.