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EU Bank Watchdog Warns Over Bitcoin

Bitcoin has become a global phenomenon, with the price rising so much that a Norwegian was able to buy an apartment with some of the 5,000 Bitcoins he bought for just $24 in 2009. The explosive growth has raised alarm bells, with analysts warning of a potential crash due to a lack of fundamental underpinning. […]

The use of the virtual currency Bitcoins could change the way money flows in Kenya. But it hasn’t caught on just yet. Want to go to the market, pay for a taxi or send money back home? In Kenya, all you need is your mobile phone. Ever since Safaricom, Kenya’s largest mobile-network operator, launched the […]

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Africa’s first Bitcoin transfer service has launched in Kenya, piggybacking on M-Pesa, the country’s highly successful mobile banking platform. The service, called Kipochi, will allow Kenyans to move money abroad while dodging the hefty transaction fees charged by companies like Western Union and MoneyGram. Kipochi — which means purse in Swahili — describes itself as a lightweight, […]

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