Shib tokens accepted by a major university in Dubai, speculation about Ripple settlement rears up, peak achievement for Shib in crypto news highlights by U.Today
In the world of cryptocurrencies, several notable events have taken place over the past few days. Let's delve into the latest developments surrounding Dogecoin, Shiba Inu, Ripple, and university adoption of digital assets.
Starting with Dogecoin, a top-tier wallet received more than 10 million DOGE, equivalent to $883,000 in fiat currency, as reported by Doge Whale Alert. However, market analysts suggest that the funds could be used for additional funding of existing market positions, rather than indicating a significant shift in the market. At the time of writing, DOGE is trading at $0.08249, down 7% over the past 24 hours, according to CoinMarketCap.
Moving on to Shiba Inu, no new information about its burn rate was provided, but there have been intriguing developments. Conor Grogan, Director at Coinbase, shared a Twitter thread suggesting that the "absolute top" of Shiba Inu occurred on Oct. 27, 2021, when the largest SHIB farmer unstaked $107 million of the digital asset and sent it to FTX, Huobi, Binance, and OKX. Some users have suggested a possible connection with Ripple, the SEC's long-term opponent in court, but no concrete evidence has been presented to support this claim.
In other news, Ripple settlement rumours are back in the spotlight, with sources from the SEC indicating a potentially significant announcement is coming soon, according to Fox Business journalist Eleanor Terrett. The SEC started a probe into whether Kraken broke securities rules related to certain offerings to U.S. clients, as reported by Bloomberg. However, no new information about the Ripple settlement rumours was provided in this context.
The broader trend of cryptocurrency acceptance by universities is growing, with Pine Crest School in the United States recently beginning to accept cryptocurrency donations. Drew University is offering a new course on cryptocurrency and decentralized finance (DeFi) to both undergraduate and graduate students, aiming to prepare future financial leaders for this evolving landscape. However, as of now, there are no credible reports confirming that a leading Dubai university accepts Shiba Inu or any other specific cryptocurrency for tuition or donations.
In a positive development, Binance has partnered with Canadian University Dubai to allow students to pay tuition fees using cryptocurrencies, including Shiba Inu. This partnership is powered by Binance Pay and utilizes the cryptocurrencies supported by the payment technology.
Lastly, Bitcoin has hit a groundbreaking profit milestone, demonstrating the growing acceptance and adoption of cryptocurrencies in the mainstream financial world. As always, stay tuned for more updates on these and other exciting developments in the world of cryptocurrencies.
- A recent news report suggests a whale, or large cryptocurrency holder, added over 10 million Dogecoin (DOGE) to their wallet, worth approximately $883,000.
- Shiba Inu (SHIB) saw interesting developments as Conor Grogan, Director at Coinbase, hinted at the possible top of SHIB on Oct. 27, 2021, with a large SHIB farmer unstaking $107 million and moving it to popular crypto exchanges.
- In the crypto finance world, universities are increasingly embracing digital assets, with Drew University offering a course on cryptocurrency and decentralized finance (DeFi) to prepare future financial leaders, and Pine Crest School accepting cryptocurrency donations.
- Taking a step further in crypto adoption, Binance has partnered with Canadian University Dubai, allowing students to pay tuition fees using various cryptocurrencies, including Shiba Inu, utilizing Binance Pay technology.
