virtual currency
Want to survive the crypto winter? Start by inspiring regulatory confidence
Today’s weather may be harsh, but the next phase of cyrpto is coming. Those who can inspire regulatory confidence will be better positioned to be on its leading edge.
Tinder to kill virtual currency, metaverse plans amid Match Group earnings loss; Tinder loses its CEO
Dating giant Match Group announced a series of changes to Tinder’s management team alongside the announcement of disappointing second-quarter earnings on Tuesday. Notably, Tinder CEO Renate Nyborg will be departing…
The cost of failing to report — or incorrect reporting of — proceeds from crypto-related activities could be extremely high if the IRS gets you in its crosshairs.
As crypto investors widely know, China has declared all cryptocurrency transactions illegal and outlawed crypto mining activities. Lately, a court decision further reasserted the government’s attitude to stifle any bitcoin…
Shenzhen, known for its maker community and manufacturing resources, is taking the lead in trialing China’s digital yuan. Last week, the city issued 10 million yuan worth of digital currency…
Coin offerings using celebrity glitter may not be golden, SEC warns
A slew of media stars have hitched their stars to various virtual currencies, lending their social media outreach and luster to projects that have seemed less than golden. Now the…
Razer makes virtual currency push with $20M investment in Asian payment firm
Razer has invested close to $20 million into Malaysia-based online payment firm MOL Global as part of a push to establish its virtual currency for gamers in Asia. The deal…
Study of Candy Crush players finds virtual currency buyers don’t go for upsells
The upsell we all fall for at fast food joints and places like Costco doesn’t seem to work on purchasers of in-game currencies, according to a study conducted on millions…
Twitch makes cheering exchange rate clear: one penny per bit for streamers
Twitch announced Monday that users would soon be able to “cheer” their favorite streamers — in the form of expendable emoji purchasable with real-world money. Details were rather scarce so…
Such Hack. Many Dogecoin. Very Disappear. So Gone. Wow.
Dogecoin, the virtual currency that was named after a silly meme but has been described as a potential successor to Bitcoin, suffered its first hacking incident today, with Dogewallet users…
Line Expands Its Mobile Messaging Empire On Android With Third-Party App Downloads Incentivised By Line Coin
The new breed of mobile messaging apps — Japan’s Line & China’s WeChat, to name two — are already siphoning off social energy by adding features traditionally associated with full-fat…
Amazon Now Offers Amazon Coins Virtual Currency On Kindle Fire, Gives $5 In Free Coins To All Users
E-commerce leviathan Amazon today is taking a step into social gaming: Amazon Coins, its new virtual currency, is now live in the U.S. To kick it off, Amazon announced that…
Messaging App Line’s Virtual Currency For Sticker Gifting Falls Foul Of Apple’s App Store Rules
Messaging app Line, which recently announced it has passed 150 million users, has withdrawn a function from its iOS app that allowed users to gift paid-for stickers to each other…
Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market
Hang around in the tech industry long enough and you or someone you know will be heard saying, “that’s so crazy it just might work.” Two years ago, if you’d…
Amazon Coins Are Steroids For The Amazon Appstore
Editor’s note: Charles Edward Hudson is a venture partner with SoftTech VC and the CEO and co-founder of Bionic Panda Games. I have been trying to wrap my head around Amazon’s…
GetJar Shifts Focus From Distribution To Discovery And Commerce, As Its Virtual Currency Hits 50M Users, 60% Of Revs
You may know GetJar as the largest independent, cross-platform app store, and one of the largest distributors of Android apps outside of the Android Market. With more than 2 billion…
Study: U.S. Consumer Spending On Virtual Goods Grew To $2.3 Billion In 2011
It’s not exactly a secret that gaming has found new life on the web, social and mobile platforms. Of course, with it, especially the rise in free-to-play gaming, developers need…
PayPal’s Send Money App, and Why Facebook Never Built P2P Credits Payments
PayPal relaunched a peer-to-peer payment Facebook app today that some news outlets are misinterpreting as a partnership between the two companies. I’ve confirmed with Facebook that it’s not. It’s just…
The Bitcoin Trials Continue: Mt. Gox Exchange Collapses Due To Compromised Account
It seems that Bitcoin is experiencing the same fits and starts that any new currency undergoes early in its history. Though Bitcoin is 2 years old, the mainstream press discovered…
Bitcoin, Ven and the End of Currency
Editor’s note: Stan Stalnaker is the founding director of Hub Culture, a social network that revolves around a virtual currency called Ven. In this guest post, he extrapolates where virtual…
The Year In Virtual Goods By The Numbers
The global virtual goods industry put up some very impressive numbers this year. From special Easter eggs to virtual ad campaigns, virtual goods sales have grabbed their share of headlines…
Is Zynga Trying To Patent Virtual Currency?
If we’re reading correctly, this patent filed in March is multiplayer gaming network Zynga’s application for the control of virtual currency and/or poker chips bought with real currency in virtual games,…
There’s Real Money in Virtual Goods
Editor’s note: The following guest post is by Gurbaksh Chahal, the CEO of gWallet, a virtual currency offers startup. Previously he founded BlueLithium, which was sold to Yahoo for $300…