VentureBeat

Here’s the latest action:

MySpace apps also making money from virtual currencies — We’ve covered how some Facebook application developers are making seven figures through virtual goods and currencies. Offerpal, a company that offers advertising that lets users earn virtual rewards for participating in surveys and programs, tells Silicon Alley Insider the same is happening on MySpace. Apps on both social networks are making “about $75 per 1,000 daily active users and $150-$200 for the higher engagement applications,” its says.

Red Dawn, Part II: The South Will Rise Again — One of my favorite childhood movies was Red Dawn, a fictional story about Coloradans waging a guerrilla war against an invading Russia-led army. Today, as Russia invades the country of Georgia, Google News delivers this map and Valleywag-truncated AFP headline about the news.

Google mobile Olympics search is here — There have been a lot of tech-related Olympics announcements, from where to view the Olympics on the web to how to translate Beijing directions from English to Chinese. Google’s not going to lose out on this one: It’s announcing its own customized search feature for mobile devices, so you can look for Olympics news and information on the go — in 36 languages in more than 60 countries. More generally, you can get Google Translate on the iPhone here.

Blog platform WordPress’s forthcoming social network due out later this year – It’s called BuddyPress; the latest at webmonkey.

Who will this video annoy more, our readers who really hate Nazi jokes or our readers who really hate Twitter? — Watch it for yourself.

Video search company Blinx wants to buy video ad company MIVA — Allen Stern at Centernetworks obtained the proposal email.

Yahoo now lets web publishers customize Yahoo search results for their own sites — The technical details, for those interested.

Turner looks to sell online game site GameTap — The service has been moderately successful, but expensive. Turner has already taken an $18 million write-down on it, Variety reports.

Ryanair cancels third-party flight reservations, to drive more ticket sales on its own site — The low-cost Irish airline wants “to cause as much chaos for the [websites] as possible,” according to the Independent.