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IRS: Bitcoin is Property, Not Legal Tender IRS: Bitcoin is Property, Not Legal Tender

Despite the wild swings in the virtual currency markets and the recent scandal involving the Mt. Gox exchange’s loss of $400M, Bitcoin continues to hold some value online. As the most popular virtual currency, Bitcoin is becoming increasingly popular with …

Autumn Radtke, CEO Of First Meta Virtual Currency Exchange, Found Dead Autumn Radtke, CEO Of First Meta Virtual Currency Exchange, Found Dead

Autumn Radtke, the 28-year-old CEO of virtual currency exchange First Meta, has died. According to multiple reports, suicide is suspected, but not confirmed. The Daily Mail cites “police sources” as saying they have “strongly suspected” suicide, and reports that she …

The Next Xbox May Finally Ditch Microsoft Points
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I think we can all agree that virtual currency is the worst part of any digital marketplace. Often times, you’re forced to buy more points than what’s needed for the product in question, and then you’re stuck with 20 points …

Kindle Fire Gets Amazon Coins, Amazon’s Virtual Currency Kindle Fire Gets Amazon Coins, Amazon’s Virtual Currency

Back in February, Amazon announced that Amazon Coins, its new virtual currency, would be coming to Kindle Fire devices in May. It’s May, and today, the company announced that the currency is now available. Customers can now start using the …

Amazon Coins Bring Virtual Currency To Kindle Fire Apps And Games Amazon Coins Bring Virtual Currency To Kindle Fire Apps And Games
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For the past year, Amazon has been making development for its Kindle Fire tablets easier and more lucrative. Now the retail giant is ready to enter into the next phase of setting up a thriving mobile marketplace – virtual currency. …

Microsoft Points May Be No More
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Do you hate Microsoft Points? … That’s what I thought. It’s a good thing then that they may soon be out. Inside Mobile Apps is reporting that a source close to Microsoft told them that the company may soon be …

Is Facebook’s New “Buy with Friends” a Hint at Bigger Things to Come?

Facebook is all about friends, so it stands to reason that friends be the main facilitators of marketing through the social network. This is a sentiment driven home by Facebook’s new Sponsored Stories, as well as another new product they’re testing called "Buy With Friends". 

GamePoints Centralizes Virtual Currency for Facebook and Other Gaming Apps

Offerpal Media, a company that provides virtual currency monetization for developers of social media gaming apps, has launched a new destination for consumers to earn, buy, manage, and redeem virtual currencies, called GamePoints.com. "Virtual currency is a huge market — $1.6 billion in the U.S. alone, and over $7 billion worldwide," a representative for Offerpal tells WebProNews. "Yet, until now there has been no way for online gamers to acquire and manage all their virtual currencies in one central location."
 

Facebook’s Virtual Currency Undergoing Alpha Test
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Facebook’s version of a virtual currency system is finally getting off the ground.  Facebook Credits can now be used in conjunction with third-party applications, and not just the official Gift Shop.

Facebook Begins Testing Payments System
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Facebook will reportedly begin testing a payments system in the coming weeks. This will start with a few developers, exploring ways for users to use Facebook credits with third-party apps on Facebook.