Archive for 'Currency Traders and Gold Farmers'
WSE Down – But Coming Back
step 3: Close virtual stock exchange for 30 days. step 4: Directors resign. step 5: Profit? by Jessica Holyoke LukeConnell Vandeverre has plans for WSE Upon entering the World Stock Exchange, visitors are greeted with a notice that the ATM’s and assorted systems will be down for up to 30 days. After two trading days [...]
Full StoryLinden Crime Alert
Lab to punish unknowing recipients of fraudulent L$s by Jessica Holyoke crime – and punishment? Wednesday on the Second Life Blog, JP Linden advises caution when dealing with third party resellers of Lindens dollars. JP Linden’s concern is that some third parties buy their Linden dollars from stolen credit cards, phished accounts or hijacked PayPal [...]
Full StoryFinancial Update – Ginko Not Dead Yet
Ginko Financials still taking deposits The "JT" behind JT Financials revealed by Jessica Holyoke I approached a Resident when I noticed that she had a December 2007 rez date and two Ginko Financial groups in her profile. She told me how she used a Ginko Financial ATM based on the advice of a friend. She [...]
Full StoryDialing for L$s
Buy L$s without a credit card or PayPal – use your phone by Jessica Holyoke While investigating the current Euro to Linden trade rates in light of the decline of the US dollar, I found an operation called Telelinden. A resident makes a phone call to a German number, costing 1 Euro if you are [...]
Full StoryAnshe Pays US$60,000 to Open Virtual Pawn Shop in Entropia
Land baron Anshe Chung expanded her empire today by winning one of five banking licenses in the wild and wooly virtual world of Entropia Universe, according to a late-breaking report from RCE Universe. Anshe paid PED600,000 (US$60,000, or more than L$16 million) for the right to make collateralized loans in Entropia, meaning any banks that [...]
Full StoryQQ – The Skyrocketing Virtual Currency
by Onder Skall QQ finally made headlines in the Wall Street Journal. Largely ignored here in the west, the hottest virtual currency in China is the QQ. Created by Tencent Holdings Ltd, “QQ Coins” were originally invented as a means for trading virtual items in online worlds and through their popular instant messaging program. For [...]
Full StorySamwer Brothers of Germany take 10% Stake in Anshe Chung Studios
The Samwer hotties brothers The German newspaper Frankfurther Allgemeine is reporting that the Samwer brothers of Germany have acquired a 10% stake in the virtual real estate and metaverse development company Anshe Chung Studios. The Samwer brothers — Oliver, Alexander and Marc — gained their claim to fame when they started an online auction site [...]
Full StoryIs Ginko’s Alleged Ponzi Game About to Implode? Will Linden Lab be Held Liable?
The Journal of the Business Law Society at the University of Illinois College of Law is running a well documented article on Second Life’s Ginko corporation, which claims to have the equivalent of $475,000 US invested in it but which some have called a ponzi scheme, Meanwhile, Philip Linden has comparedGinko to the Grameen Bank [...]
Full StoryLet the Island Wars Begin
by Dow Jonas No sooner did Linden Lab put an island + frills up for sale on eBay (apparently to show Project Entropia they ain’t all that), but now Anshe Chung has raised the stakes, challenging with an island of her own for sale on eBay, and she has sweetened the pot with additional perks. [...]
Full StoryMajor Chinese Gold Farming Operations Exposed in Tomorrow’s NY Times
There is a fantastic article by David Barboza in tomorrow’s (Friday) New York Times, but it is already up on the site of the International Herald Tribune if you want a peek. It is only the second case that I know of, where the reporter actually went and visited gold farming operations. I talked to [...]
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