Linden Lab issues further warning on virtual currency trading
In a Linden blog post today, a further warning has been given on use of third-party Linden dollar trading sites. It’s all pretty much common sense – if it looks to good to be true it probably is and if you’re asked for your password by a provider then let the alarm bells start ringing. [...]
World Stock Exchange facing legal problems?
The Second Life Herald are running a story on the Midas Bank saga, alleging that Midas have done some legal investigations around their issues with the World Stock Exchange, run by Australian Luke Connell (LukeConnell Vandeverre).
If the issues aren’t resolved and things do go legal, it’ll provide a fascinating test-case for the status of finance [...]
Stock Exchange churn continues
The near-farcical nature of the multiple stock exchanges in SL continues, with the delisting of a number of companies on the fledgling ISE (International Stock Exchange). A number of these delisted companies were refugees from the World Stock Exchange and they now state they’ll list elsewhere.
The obvious question is – why would anyone [...]
Second Life’s financial underpinnings under threat?
The past week has seen some significant economic turbulence from two fronts. The gambling ban, combined with the defection of multiple businesses from the World Stock Exchange (WSE) to the International Stock Exchange (ISE) has created a fair amount of uncertainty for business in SL, particularly the native businesses.
There is some well-reasoned analysis that [...]
The wolves are out for WSE
Over the past 24 hours reports have started appearing around companies delisting from the World Stock Exchange and moving to smaller competitor ISE. The impetus was the theft reported last week. What hasn’t helped is the current trading halt:
We’ve had some brief IM discussions with WSE Chairman / CEO LukeConnell Vandeverre about setting up an [...]
WSE – problems?
Second Life Insider have run a story providing some information on some challenges WSE may be facing. The grid is down presently so we can’t contact LukeConnell Vandeverre for clarification but we’ll attempt to do so later in the day.
Update: Reuters are now running the story based on a WSE announcement confirming the theft.
Hope Capital Island opens
The World Stock Exchange has made another location move – only weeks after its last one.
The multi-lingual exchange options are certainly a step forward – we weren’t able to determine their operability at this stage. With the pending partnership with the World Internet Currency and support from Anshe Chung, Hope Capital certainly has some [...]
