Tagged: bitcoin

October 18, 2015

YrGrid connects to 40 grids

The casino-themed YrGrid, also known for its Bitcoin-based currency, announced today that it has opened its doors to the wider metaverse by granting hypergrid access to around forty other virtual worlds. Those grids include 3rd Rock...

Columns

July 24, 2015

$250,000 fines possible for some virtual currency sales

In this article I want to address the application of the regulations of the Office of Foreign Assets Control (“OFAC”) to businesses dealing with virtual currencies. This aspect of regulations is often overlooked or ignored,...

Columns / Metaverse

July 18, 2015

New York’s BitLicense costs $5,000

New York State Department of Financial Services has recently released a 31 page application for anyone who wants to engage in doing business with virtual currencies. The application is a convoluted and cumbersome to...

Features / Metaverse

February 13, 2015

New grid uses Bitcoin for payments, gambling

In the past, several grid owners have discussed using Bitcoin, the peer-to-peer cryptocurrency, for in-world payments but, until now, no grid has done so — Bitcoins are typically too volatile to be used within...

Maria's Worlds

April 8, 2013

Bitcoin revisited: beware the bubble

I’ve written about Bitcoin before, warning that I was worried about volatility and botnets. Bitcoin has been on my mind again, lately, due to a big bubble spurred in part by the Cyprus financial crisis,...

Columns

April 5, 2013

Could Linden Dollars become real money?

Linden Dollar: Another Virtual Currency Affected by FinCEN. Bitcoin has been in the news recently. But bitcoin is not the only virtual currency. Virtual currencies, in one form or another are here to stay....