Voxelus is planning to expand its virtual reality creation platform with a deal to bring 7,000 3D assets to its marketplace during the second quarter of this year, and 16,000 more during the second half of the year, company co-founder and CEO Martin Repetto told Hypergrid Business. “This is huge news forRead More →

By all indications, the hypergrid is hopping. As of mid-January, 68 percent of all active users, 75 percent of all public OpenSim grids, and 93 percent of all regions were on the hypergrid, and the number of hypergrid events and communities is exploding. The Kitely Market now delivers to moreRead More →

Press release: 3rd Rock Grid to transition to Podex 3rd Rock Grid is going through a number of changes as part of a transition to a new ownership model. One of the changes will be to transition away from directly managing their currency, the Geode, otherwise known as the GO$.Read More →

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, but the fines are very real. This spring, PayPal was fined $7,658,300 because they allowed transactions with Iranian andRead More →

  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 say the least. But most of all it is costly. If the objective was to createRead More →

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, worries that Linden Dollars might see increased regulation, and a Kaspersky Labs report about botnets beingRead More →

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. When U.S. Treasury Department’s enforcement arm, FinCEN, issued its interpretive statement, it recognized this much. TheRead More →

Credit card thieves have figured out a way to steal money from OpenSim grid owners. They take the credit cards, and use them to purchase virtual currency from the grids. Then they turn around and redeem the currency for cash before the card holder notices the theft and complains. TheRead More →

The number of OpenSim grids accepting the multi-grid, hypergrid-enabled Open Metaverse Currency (OMC) has continued to grow in the first half of this year, now at an all-time high of 29 grids. Meanwhile, the number of registered users has tripled since the start of the year. In addition, the totalRead More →