money

Even though the feds went after Liberty Reserve for alleged money laundering, they apparently don't have plans to crack down on all digital currencies -- as long as all rules are followed.

In an interview on Thursday with American Banker, Jennifer Shasky Calvery, the director of FinCEN, which is the U.S. Department of Treasury's law enforcement branch, said she sees virtual currency providers as financial institutions and looks at each one's actions separately.

"FinCEN has been out front in issuing our guidance to make it clear that we see virtual currency as a type of … Read more

Online currency company Liberty Reserve has been shut down following charges that it laundered more than $6 billion over the past several years and became a "bank of choice for the criminal underworld," The New York Times reported today.

An indictment, filed today by U.S. prosecutors in the U.S. District Court for the Southern District of New York, accused Liberty Reserve of establishing its digital currency exchange to launder money, resulting in 55 million laundering transactions for at least a million people.

Furthermore, prosecutors painted Liberty Reserve as a currency marketplace that enabled criminals to commit … Read more

For years PayPal has cornered the market on sending money to friends, family members, and businesses. Last week during the chaos of Google I/O announcements, Google took a first step toward giving PayPal a run for its money by making it possible to send money via Gmail. The feature is set to roll out to all users over the coming weeks, but if you know someone who currently has it, that person can send you money (a penny works) and after you've claimed the funds the new feature will be enabled on your account as well.

The service, … Read more

We've all needed a hand to beat a tough level or quest in a fun game. If only you had that awesome armor or weapon you've been dying to acquire! ArtMoney SE will take the grunt work out of leveling up your character to get it. It can give you free money, health, or experience in several different games. It requires plenty of modding know-how to use, though.

The program has to tinker with settings files in your game of choice to give you more of what you want. That means it's not likely to work with … Read more

Taxpayers who file the 1040EZ income tax form have always had it easier, at least when it comes to the paperwork. They've long enjoyed the ability to file electronically, for instance. Things just got even easier for 1040EZ users, thanks to TurboTax SnapTax, a free Android app from one of the biggest and most trusted names in tax preparation, especially online tax prep and e-filing. With SnapTax, you can file your 2012 federal income tax returns using your Android smartphone, or tablet, or any device running Android, so long as it has a high-resolution camera. Simply take snapshots of … Read more

Last September, CNET's Matt Elliott told you about SnipSnap, a rather ingenious iOS app that turns printed coupons into mobile ones.

It's been a long wait, but SnipSnap has finally made its way to Android. And if you shop for anything, anywhere, ever, that should come as very good news.

SnipSnap is like a digital coupon wallet: instead of schlepping a pile of paper coupons to the store with you (or, if you're like me, forgetting to), you simply take snapshots of the ones you want, then present the app at checkout. When possible, SnipSnap cleverly converts … Read more

Over the past few years, Kickstarter has become a force to be reckoned with. Some of the coolest and weirdest gadgets I saw at this year's CES didn't come from big corporations or even small ones -- they came from independent inventors who found funding and encouragement through Kickstarter.

Which isn't to say that every Kickstarter project is a hit. The site is also a graveyard of hackneyed ideas, indie records, and films that no one wants to see. But when a Kickstarter campaign hits the right nerve, it's an exhilarating flip of the supply-and-demand model … Read more

We Canadians love innovating our money. We're printing plastic banknotes and chucking out useless coins.

Last March I said I wouldn't mourn the passing of the Canadian penny.

And yet today, as the Royal Canadian Mint officially stopped distributing the cent to banks, I have mixed feelings. I saw the Google.ca animated doodle honoring the coin and felt a tad nostalgic.

So I fished out a few pennies from my pockets and considered the brazen image of Queen Elizabeth and the maple leaf. … Read more