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‘money’ Stories

Microsoft Points to be switched to real currency of at least equal value

, Jun 12th 2013 Discuss [0]

Microsoft Points are something most people either hate or are indifferent to, with not many people viewing the virtual currency favorably enough to champion it as something that should stick around. As such, we've heard rumors for quite a while now that Microsoft planned to ditch the system, replacing it with real currency, but Points continued to live on. When the Xbox One was revealed, things changed, and now we're hearing that Points will be converted to local currency at least equal to Marketplace value. Read The Full Story

PayPal email error has confused users up in arms

, Jun 7th 2013 Discuss [3]

A handful of PayPal users in Europe reported that they received an email from the online banking service saying that they won €500 that they could claim by logging into their account. It wasn't a phishing attempt, but rather just an error on PayPal's part that sent out a bunch of winning emails to users. Read The Full Story

Apple iMoney patent looks to take on Google Wallet

, Jun 7th 2013 Discuss [2]

While Google Wallet hasn't made its way to the mainstream quite yet, the concept is such that we could see digital money replace physical money slowly over time at some point. According to a patent recently filed with the US Patent and Trademark Office, Apple is looking to get into the digital wallet market themselves. Read The Full Story

Hulu reportedly receives 3 bids over $1bn

, Jun 1st 2013 Discuss [0]

Hulu has been reportedly entertaining bids for some weeks now, with Yahoo! having been the latest company to hit the rumor mill. Various prices have been tossed around, such as the $800 million Yahoo is said to have bid for the video service, but none of them have reached the level of three alleged bids leaked by unnamed sources: $1 billion. While two of the bids were from companies unknown, one is said to be from Directv. Read The Full Story

Street View being used by authorities to pinpoint tax evasion

, May 31st 2013 Discuss [5]

Google has been accused by many of violating privacy with Street View, and those accusations may increase as the service is used by taxing authorities to find individuals guilty of tax evasion. Such is the case in Lithuania, where more than 100 cases have already been discovered, and where authorities are actively pouring over Maps in search of more violators. Read The Full Story

Mt. Gox adds account verification requirement for non-Bitcoin currencies

, May 31st 2013 Discuss [1]

Bitcoin is growing in popularity as a way to make financial transactions in a wonderfully anonymous way. The obvious downside to such a reality is the same thing that ultimately took down Liberty Reserve earlier this week - criminal activities. To help cover itself in the face of such activities, Mt. Gox announced earlier today that users who wish to both deposit and withdraw money in a currency that isn't Bitcoin will need account verification. Read The Full Story

Major brands pull Facebook advertisements over hateful content

, May 29th 2013 Discuss [4]

Facebook has once again come under fire for its content policy, which many organizations, companies, and users say is too lax in light of hate speech and violent content. Earlier this month, the social network finally banned videos of decapitations, but has still allowed large quantities of controversial content - many of it gender-based, according to some organizations - to persist. For this reason, more than a dozen big-name companies have pulled their advertisements from the social network. Read The Full Story

US seizes Liberty Reserve virtual currency website, claims it facilitated crime

, May 29th 2013 Discuss [3]

Liberty Reserve is a virtual alternative currency that provided a means of financial exchange beyond the U.S. dollar. The virtual currency has been available for years, but its website LibertyReserve.com went down in recent times without explanation. It took four days, but a notice has since been posted on the website stating that it has been seized by the US Global Illicit Financial Team. Read The Full Story

Technology in new $100 US note aims to foil counterfeiters

, May 17th 2013 Discuss [8]

The United States will be rolling out a new greenback this fall, in this case a new $100 note that, while visually similar to the current offering, utilizes new technology (and a slight splash of color) to make it harder for counterfeiters to replicate the bills. Among the changes are such things as a duplicating Benjamin Franklin, who has been enlarged and filled out, microprinting, and more. Read The Full Story

Bitcoin mining operation tops world’s fastest supercomputers

, May 13th 2013 Discuss [0]

Bitcoin, the online currency that looks to revolutionize how we look at money in an online environment, is rising in popularity. However, in order to create Bitcoins, you have to mine them first, meaning that you give up a certain amount of computational power in order to process the creation of Bitcoins (similar to Folding@Home). In fact, Bitcoin mining is such a huge thing right now, that the entire mining network is faster than most of the world's fastest supercomputers combined. Read The Full Story

Eternal Darkness sequel to be crowdfunded, heads to PC and Wii U first

, May 4th 2013 Discuss [2]

Eternal Darkness, a popular survival horror game released for the GameCube, will have a "spiritual successor" soon if finances are in order. Precursor Games will be developing the game and it plans on generating $1.5 million through crowdfunding in order to create Eternal Darkness's sequel. The game will be called Shadow of the Eternals, and it will initially be available for PC and Nintendo Wii U gamers. Read The Full Story

PayPal considers accepting BitCoin payments

, May 4th 2013 Discuss [9]

PayPal CEO John Donahoe is considering ways of implementing BitCoins into PayPal's digital transaction network. He says that he's watching Bitcoins very closely and expects that the virtual currency, or virtual currency in general, will be here to stay. In an interview with The Wall Street Journal, Donahoe stated that within 5 years, Bitcoins and other virtual currencies will be able to be converted into cash and be used in the real world. Read The Full Story
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