07 Aug '12, 10am

Virtual currency usage skyrockets but remains susceptible to hacking #BitCoin #mMoney #MobileMoney #M4D #ICT4D

Virtual currency usage skyrockets but remains susceptible to hacking #BitCoin #mMoney #MobileMoney #M4D #ICT4D

Click photo to enlarge Designer Brittany Schlunt works on FarmVille characters at Zynga headquarters in San Francisco on June 6, 2012. Law enforcement officials say consumer use of "virtual currency" in Internet games is a multibillion-dollar new territory for crooks to exploit. « 1 » Fueled by the growth of Internet games and their make-believe economies, consumer use of "virtual currency" has rocketed in recent years, creating what law enforcement officials and others say is a multibillion-dollar new territory for crooks to exploit. In many cases, the play money is bought with and exchanged for real cash. Yet experts say it's often poorly protected from hackers. And when someone is victimized, seeking compensation from the sites where the virtual funds were obtained can prove an exercise in futility, said Adam Wosotowsky, a researcher at Intel (INTC )'s computer-security...

Full article: http://www.siliconvalley.com/ci_21228911

Tweets

#NewApp: Bin It! 2.0 rewards users for virtual recycling:

#NewApp: Bin It! 2.0 rewards users for virtual ...

earth911.com 08 Aug '12, 10am

The Bin It! app rewards players for virtual recycling with Recyclebank points that can be redeemed in the real world. Bin ...

Second Bitcoin lawsuit filed in California: Four men have sued Bitcoinica, one of the larger Bitcoin currency ex...

Second Bitcoin lawsuit filed in California: Fou...

theverge.com 10 Aug '12, 8pm

It's therefore somewhat ironic to see Bitcoiners turn to the law to bail them out, but victims have no other choice. There...