ANIVERSE Crypto Daily News_Nov 30, 2022💌

Wednesday, November 30, 2022
ANIVERSE Crypto Daily News💌

1. Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple’s XRP and Stellar’s XLM
- The company took note of “low usage” as its reason for no longer supporting those tokens.

2. Huobi Token Surges After Crypto Exchange Discloses Airdrop of Dominica Coin
- The deal is noteworthy partly because of its connections to crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island’s new token will initially reside.

3. DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt
- A passed proposal introduces borrowing caps for five cryptocurrencies and sets stricter loan limits for another five.

4. South Korea Exchange Bans Families of Staff From Trading Crypto
- South Korean exchange Upbit has put trading restrictions on the staff and their families. The step comes in an effort to improve ethical management in the crypto market. Executives and workers at Dunamu are allowed to trade at other exchanges but with limits.

5. India Set to Launch Digital Rupee This Week With Four Banks
- The retail pilot for the Indian digital rupee will be live on Thursday. The pilot will begin with four banks and four cities for the first phase. The community has a mixed reaction to the launch of the digital rupee.

6. Upbit Parent Company Sees $124 million Profit in Q3 of 2022
- South Korean fin-tech company Dunamu saw a revenue of $205 million and a profit of $124 million.
However, the figures are 66% and 76% below the value the firm realized in 2021.