A South Korean Coin Exchange accidentally sent millions of dollars in Bitcoin to its customers. Now it wants its crypto back

Imagine logging in to your coin exchange account and finding that your balance had grown overnight without any explanation. Well that’s exactly what happened to customers of South Korean cryptocurrency exchange CoinZest. According to CoinDesk Korea, CoinZest inadvertently sent millions of dollars of bitcoin and other cryptocurrencies to its users. Apparently a server issue resulted […]

Mpesa isn’t digital cash like Bitcoin.

Dominic Frisby the brilliant author of such books as “Bitcoin: the Future of Money?” and “Life after the State” wrote a great piece on why we should fear a cashless future in the Guardian earlier this week.  The article makes a lot of observations that I agree with, and voices a lot of sentiments that […]

Bitcoin: A primer Part I

Countless Bitcoin primers exist on the Internet today. What, with the increased interest in Bitcoin and other cryptocurrencies. Flawed as they may be in the present, it is becoming apparent with each passing day that cryptocurrencies such as Bitcoin are going to be an important part of our digital future. A lot of these Bitcoin […]

BitPesa hosting World Cup Watching Party, beta launch of service

Local Bitcoin remittances startup BitPesa will be hosting a World Cup Watching Party at Brew Bistro on Ngong Road this evening. The event will also see the beta launch of BitPesa’s service. BitPesa will provide bitings and bitcoins to the first 50 people to show up.