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Daily Crypto News Dec 18, 2021: Top 3 crypto updates for today

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While the craze around web3 and blockchain technology surged in the year 2021, leading universities have already come up with a plan to fund these innovative projects around blockchain and web3.0. According to reports, the world’s top universities such as Havard, MIT, Berkely, and Oxford have decided to come up with EduDAO funded by the BitDAO treasury to fund such innovative projects around blockchain. Are you a blockchain enthusiast? The future is super bright for you. Read about the funding amount and other details below. 

Gita Gopinath, the IMF chief calls for global regulations around cryptocurrencies rather than banning them together. She calls for regulations to streamline the existing investment tool and how to govern them rather than taking any negative decisions around them. Finally, positive feedback from a leading fund! Read what Gita has to say in detail below. 

OpenSea, the biggest NFT marketplace records 800,000 Ethereum addresses being transacted on its platform. Just not that 750,000 polygon addresses were also transacted. What does it mean for both Ethereum and Polygon, read in detail below. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 18, 2021

Universities including MIT, Berkely, Oxford, and Havard to form EduDAO to promote innovations around Web 3.0, financed by BitDAO treasury

One of the world’s largest decentralized autonomous organizations, BitDAO announced the creation of EduDAO with the world’s top and leading universities such as MIT, University of California Berkeley, Oxford, and Havard. 

EduDAO shall be financed by BitDAO treasury and shall allocate $11 million every year for funding projects and research works around web 3.0 technologies. This comes after Web3 related search terms significantly rose in 2021. These funds are to be used for academic research for the next generation of web3.0 and blockchain technologies. 

Read below in detail about BitDAO funds allocation for EduDAO. 

Source: Cointelegraph

IMF chief economist calls for global policy on cryptocurrency 

The chief economist of the International Monetary Fund (IMF), Gita Gopinath called for a global policy concerning cryptocurrencies. Gopinath urged for a global policy to regulate the space rather than banning it. She argued that if countries ban crypto they shall not have control over the offshore exchanges which do not fall under their jurisdictions. This in turn would result in being completely ignored. Since many exchanges are offshore and they are not under the regulations of any particular nation, banning cryptocurrencies is definitely not a way out. 

Read more in detail about what the IMF chief thinks about cryptocurrencies and how they need to be regulated. 

Source: Cointelegraph

800,000 Ethereum addresses have transacted in OpenSea 

According to the data shared by Dune analytics, the number of Ethereum addresses transacting in the OpenSea has become more than 800,000. On the other hand, the addresses for Polygon addresses have exceeded more than 750,000. 

Read about the number of increasing Ethereum addresses being traded on the OpenSea in detail. 

Source: Aliens.com

Crypto Market Trend December 18, 2021 

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by December 18, 2021)  Change in % 
Yearn.finance (YFI) ₹26,47,283.11 32.07%
Curve (CRV) ₹352.54 15.25%
Compound (COMP) ₹17,060 13.02%

*Prices are latest by 11:30 AM December 18, 2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 18,  2021)  Change in % 
Near Protocol (NEAR) ₹670.26 9.31%
OMG Network (OMG) ₹483.59 6.53%
IoTeX(IOTX) ₹9 6.28%

*Prices are latest by 11:30 AM December 18, 2021.*

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