TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Virgin Islands ready to issue its official cryptocurrency. SoftBank to launch hybrid crypto card. Binance acquires DappReview. SPICE Token listed on Bitcoin.com Exchange. CryptoBridge DEX shuts down due to increased regulation, and Free Virgil Griffith petition surfaces on Change.org.



Virgin Islands to Issue Own Cryptocurrency

The Virgin Islands, the British archipelago, has decided to issue its own cryptocurrency, following the steps of countries like China (rumored to soon issue a central bank digital currency). The tiny island nation partnered with Lifelabs.io, a cryptocurrency startup, to aid them in the process. The island cryptocurrency will be pegged 1:1 to the US dollar, in the same way as popular stablecoins like Tether and USD.

SoftBank to Issue Hybrid Crypto Card

SoftBank, the giant Japanese conglomerate, announced they are launching a hybrid card that functions as a conventional debit/credit card and also as a wallet to spend cryptocurrencies. The wallet will feature an ultra-thin LED screen and also Wi-Fi connectivity to be used as a hot wallet. SoftBank will offer the card in the Japanese market, and will it be managed by a phone app that allows users to switch between modes of payment and manage other functions. Supported cryptocurrencies weren’t announced.

Binance Acquires Blockchain Startup DappReview

Binance communicated they bought crypto analysis startup DappReview. “DappReview will partner with the public chains and protocols in the dApp space through Binance’s ecosystem,” Vincent Niu, founder of DappReview, declared on the issue. Binance did not release the actual numbers or terms of the acquisition.

SPICE SLP Token Now Listed on Bitcoin.com Exchange

SPICE, the appreciation token built on top of Bitcoin Cash, has been officially listed by the Bitcoin.com Exchange. This is yet another milestone for the token that has already been listed in CoinEx and on the first SLP dedicated exchange, Cryptophyl. The SPICE ecosystem keeps growing, and there is even a wagering bot in the works, according to the information regarding their latest listing. CoinSpice is not affiliated with SPICE token in any way.

CryptoBridge Decentralized Exchange Shuts Down

CryptoBridge, a decentralized cryptocurrency exchange, informed users they are shutting down, citing increased regulation as one of the main reasons behind the decision. Services on the exchange will be terminated as of December 15, and to withdraw their funds customers will need to pass a KYC procedure due to EU law. Decentralized exchanges have been on guard since EtherDelta’s developer Zachary Coburn was sanctioned for $388K in connection with running an unregistered exchange operation.

Free Virgil Griffith Petition Now Online

A petition to release @virgilgr from prison and drop pending charges. #FreeVirgilhttps://t.co/nKoJLaIJyW — Eccentric Tycoon (@josephdelong) December 2, 2019

The Ethereum Foundation researcher arrested for allegedly helping North Korea evade economic sanctions, Virgil Griffith, has caused a large debate in the cryptocurrency community. Now, a petition to get free him has surfaced. This week, Vitalik Buterin agreed to sign the petition for freeing Virgil Griffith, and justified the reasons for doing that with a Twitter thread explaining what really happened from Buterin’s point of view. The petition has already been signed by more than 150 people.

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