The central bank of Lebanon has announced that it has devalued the Lebanese pound by 90%. Has Bitcoin’s time truly arrived? Lebanese central bank governor Riad Salameh announced on Tuesday that the ne...
Tag: Lebanese
Lebanese Embrace Bitcoin and Tether Amid Total Economic Crash
The hyperinflation, the collapse of the local banking system, and the significant depreciation of the currency prompted numerous Lebanese residents to embrace cryptocurrencies, including stablecoins. ...
Lebanese Citizens Rob Bank Accounts and Mine Bitcoin to Survive
Desperate Lebanese citizens turn to cryptocurrency as a lifeline following years of fiscal mismanagement in the region once known as the ‘Paris of the Middle East.’ As triple-digit inflation continues...
Crypto Could Save The Lebanese People From Economic Collapse
Crypto could prove to be the solution to a country like Lebanon to restore its failing economy. Lebanon’s financial system is fundamentally dysfunctional as a result of decades of mismanagement. Leban...
Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils – Economics Bitcoin News
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealt...
Lebanese Locals Turn to Bitcoin Amid Crisis Ridden Economy
Amid an unprecedented economic crisis, residents in Lebanon are turning to Bitcoin and Tether to store their wealth and make payments as people lose faith in local banks. A recent report by CNBC has b...
Lebanese buy groceries with USDT and mine crypto, as their country’s financial system has collapsed
Join Our Telegram channel to stay up to date on breaking news coverage When Lebanese first heard about bitcoin, years ago, many thought it was a hoax. By 2019, however, as Lebanon faced a financial c...
Lebanese People Turn to Crypto Amid the Country’s Financial Collapse: Report
Some of the tech-savvy youngsters in Lebanon have reportedly shifted their focus toward cryptocurrencies amid the current monetary crash Earlier this week, the government closed all local banks due to...
At Least 73 Dead As Migrant Boat From Lebanon Sinks
Topline At least 73 people were killed when a boat carrying Lebanese and Syrian migrants to Europe sank in the Mediterranean Sea Thursday, Syrian officials announced on state TV Friday morning—one of ...
Lebanese people turn to crypto, decentralization as banks close down indefinitely
The Association of Banks in Lebanon (ABL) announced an indefinite closure of all banks in the country on Sept. 22, as depositors are becoming aggressive about withdrawing their funds. Meanwhile, young...
Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low – Economics Bitcoin News
After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic ch...
CFI Financial Announces Sponsorship Deal with Lebanese Basketball Federation
Financial services provider, CFI Financial Group recently inked a major sponsorship deal with the Lebanese Basketball Federation, one of the well-known and highly regarded sports bodies in the region....