Virtual currency companies

Internet giant Google has purchased Jambool, makers of the Social Gold virtual currency platform that handles virtual goods sales on some online gaming and social networking Web site. Financial terms of the acquisition were not disclosed, but in a FAQ Jambool promises the Social … [Read more...] about Google Buys Virtual Currency Company Jambool

In the United States in the 1920s, Prohibition was enacted that made the manufacture and distribution of alcohol illegal. Perhaps the most significant impact of Prohibition was the creation of an organized crime infrastructure that was funded by the illegal sale of alcohol but … [Read more...] about Cyber criminals are using illicit virtual currency to fund criminal activity

More and more games today have their own forms of in-game currency, whether it’s loot gained by killing monsters or virtual dollars earned by achieving wins in sports titles. That currency can be in high demand even if can’t be spent in the real world, because it can … [Read more...] about Virtual currency, real crime: FBI alleges theft of millions of dollars in FIFA coins