The meme-inspired cryptocurrency Shiba Inu ($SHIB), the native token of smart contract platform Cardano ($ADA), and that of the \u2018blockchain of blockchains\u2019 Polkadot ($DOT) can now be used as payment method at a popular Dubai University, along with several other digital assets.<\/p>\n
According to a recently published announcement, prospective and current students at Canadian University Dubai (CUD) can now use Binance Pay to pay for tuition fees, which means they can use Binance\u2019s cryptocurrency-focused payments solution, which supports over 70 digital assets.<\/p>\n
These digital assets include blue-chip ones like $BTC and $ETH, but also meme coins like $SHIB and $DOGE, as well as $ADA, $DOT, $BCH, $AVA, $LTC, $MATIC, and more.<\/p>\n
The university, it\u2019s worth noting, is among the top-ranked ones in Dubai. In November of last year, Binance added the meme-inspired cryptocurrency #SHIB to Binance Pay, at the same time it added a number of other assets including PancakeSwap\u2019s $CAKE, football fan token $PORTO, and Tether\u2019s $USDT.<\/p>\n
As CryptoGlobe reported, both Cardano and Shiba Inu have seen the number of large whale transactions on their networks surge, in a move that has been \u201chistorically associated with price shifts.\u201d These cryptocurrency networks have seen \u201cbig spikes in large whale transactions,\u201d with transactions over $100,000 spiking to highs last seen months ago for all three digital assets.<\/p>\n
These large whale transactions are occurring amid a wider cryptocurrency market recovery, with the flagship cryptocurrency Bitcoin ($BTC)\u00a0seeing its best January in a decade\u00a0after rising over 40% in just a month.<\/p>\n
Notably, \u00a0the total value locked on Cardano\u2019s decentralized finance space has more than doubled so far this year, to the point there are now\u00a0over $100 million worth of $ADA locked on DeFi protocols\u00a0on the network.<\/p>\n
The total value locked on the Cardano network started 2023 at around $49 million, and has since surged to now be close to the $104 million mark. The rise can be partly attributed to Cardano\u2019s price appreciation, as the cryptocurrency moved from around $0.25 at the beginning of the year to roughly $0.39 at the time of writing.<\/p>\n
As for Shiba Inu, the cryptocurrency has been seeing heavy accumulation among Ethereum ($ETH) whales, with the 5,000 largest now holdings a\u00a0massive number of SHIB tokens, valued at $708,456,318. This impressive figure places SHIB as the largest non-ETH holding among Ethereum whales.<\/p>\n