Second Life Bans Traditional Banking
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Linden Lab's shutdown of in-game institutions offering interest and investment opportunities follows the collapse of "virtual investment bank" Ginko Financial.
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In an apparent split at the top, one of Second Life's founding employees has left the company, and his former boss apparently bids him a heartfelt good riddance.
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DENVER - Federal regulators shut down a phony Internet bank claiming to be located in the tiny Colorado town of Bedrock - population 10 - near the Utah state line.    Through its Web site, the First National Bank of Bedrock offered deposit accounts, investments, debit cards and credit cards, according to the federal Office of the Comptroller of the Currency...
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Researchers discover in a recent study on cyber-bullying that there may be negative consequences for users in both Second Life and the real world.
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Tired of big banks? Here's an alternative.
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HSBC on Thursday reversed its decision to take away students&#39; interest-free overdrafts as soon as they leave university after it suffered a consumer revolt by graduates on the pages of Facebook, the cult social-networking site.
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China has banned a popular British online computer game that portrays Taiwan, Tibet and Hong Kong as independent countries.
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Forget Second Life. The real virtual world gold rush centers on the grammar-school set.
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People who ignore safety advice and lose money in online banking scams could be refused refunds by banks.
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Over the weekend, BBC Radio 1 kicked off the U.K. festival season with "The Big Weekend" in Dundee, Scotland, featuring acts like Pink, Snow Patrol and Mylo. But not all fans who caught the show did so in the real world. Instead, the BBC simulcast the concert on an island it created in Second Life, an online virtual world, where fans could listen to the music, mingle, dance, even dive down a mudslide&#x2014;all with no lines for the bathroom.
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A company that creates and sells adult products in Second Life files suit against a Second Life citizen for copyright infringement, and will subpoena Linden Lab and PayPal for his real name. What does it mean for other in-world creators?
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Just before U.S. financial markets were roiled by a global credit squeeze this summer, an equally dramatic financial crisis threatened "Second Life," the much-hyped online world.
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Blizzard makes noises about cracking down on real-money sales of items from the virtual World of Warcraft, but such transactions may impossible to stop. By Daniel Terdiman.
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Virtual 'House of Sweden' Sweden has announced its intention to be the first nation to have an embassy in Second Life, Reuters reports.â¦
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On the heels of banking scandals that shook confidence in the virtual world's economy, its publisher puts the kibosh on in-world financial institutions.
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Regulation of online betting on the cards
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Funny money no longer such a joke House of Cards Although the Chinese government recently announced a purifying moratorium on internet cafes â the same week the Communist Youth League penned a contract with leading gaming developer Playtech to provide software for large scale internet-based gambling tournaments â the cadres in Beijing know that internet cafes are only an embodiment of something much larger and more threatening, according to the Financial Times.â¦