Ad Lebanese are starting to disconnect and give up on Helium boxes as the cost of keeping them online has become increasingly unsustainable and unprofitable, Wired reported. Lebanon has become a hotbe...
Tag: lebanon
Lebanon Devalues its Currency by 90%, Snowden Believes Bitcoin Fixes This
Lebanon is adopting a new official exchange rate, devaluing its local currency by nearly 90%. The new rate is set at 15,000 Lebanese pounds against the U.S. dollar, according to a January 31 report, w...
UN Raises Alarm Over World Heritage Sites In Yemen And Lebanon
Remains of the most important of the Marib dams, that played a major role in the development of the … [+] Kingdom of Saba in modern-day Marib, Yemen, photographed in May 2001 (Photo: Pool DEVILL...
Why Israel Is Not Likely To Bomb Beirut Airport In 2023
Israel intensified its air campaign against Iran in Syria in recent months by bombing the international airports in Damascus and Aleppo in response to Tehran flying military supplies into the country....
Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings – Economics Bitcoin News
On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks...
Multiple Inquiries To Be Launched After Death Of Irish Soldier On UN Duty In Lebanon
Lebanese soldiers and members of the UN Interim Force in Lebanon UNIFIL prepare to tow a damaged … [+] vehicle in Al-Aqbieh, Lebanon, on December 15, 2022. UN peacekeeper Private Seán Rooney was...
Crypto Miner in Lebanon Not Receiving Power Secretly
The Litani river Authority operates three major hydro-power stations. Lebanon is facing a critical financial crisis. The beginning of 2022 was not in favour of some specified villages of Lebanon beca...
How Does The U.S. Stack Up?
(Photo by Kevin Dietsch/Getty Images) Getty Images Key Takeaways The US inflation rate is currently at 7.7%, which remains high by historical standards. However, on a global scale it looks practically...
History repeating itself; Rising popularity of USDT amid Inflation in Lebanon
Lebanon is suffering from financial and Healthcare crises in the country. Amid the country’s crisis and inflation, Lebanon’s citizens are attracted to USDT coins. Citizens of Lebanon adopting cryptoc...
Total Economy crashes in Lebanon: Citizens adopt Bitcoin and Tether as option
Lebanon is facing its worst economic crisis. The local currency plunged by 90%. Citizens are looking at Bitcoin and Tether as alternatives. What is going on in Lebanon? Lebanon was once among the de...
Demand for USDT Erupts in Lebanon as Rising Inflation Kicks In ⋆ ZyCrypto
Advertisement     The U.S. dollar-pegged stablecoin issued by Tether, USDT, has been rising in popularity in Lebanon amid rising inflation that has made access to fore...
Natives of Lebanon are heading toward this cryptocurrency between an economic crisis
Lebanon is currently facing an economic crisis. Natives do not want to put their money in the bank or at home due to the fear of theft. The economic situation In July 2021, a world bank issued a repor...
Lebanon Locals are turning to Bitcoin, Tether amidst an economic crisis
The unsustainable financial system in Lebanon has brought some Lebanese to crypto. Locals are mining Bitcoin or storing wealth with cryptocurrency and completing some payments with Tether. Dire Econo...
Crypto seems to have found a perfect market in Lebanon
Join Our Telegram channel to stay up to date on breaking news coverage During the current financial crisis, a few of Lebanon’s tech-loving youth have supposedly turned their attention to digital curre...
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 ...
Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console
The biggest news in the cryptosphere for Sept. 22 includes Binance’s newly-set Global Advisory Board that’ll foster responsible regulation of the crypto sector, the agreement Russia’s financial watchd...
Banks in Lebanon closed – The Cryptonomist
In Lebanon, banks will remain closed until further notice, according to the country’s Association of Banks. Crisis hits Lebanon’s banks Macroeconomic uncertainties, skyrocketing inflation and a wides...
A Bitcoin-themed wedding in Lebanon
A Bitcoin (BTC) evangelist in Lebanon took their love for Bitcoin to the next level. Said Nassar, an international business engineer, themed his wedding day around Satoshi Nakamoto’s innovation, Bitco...
Natural Gas Gives Lebanon Hope, Hezbollah Demands It Be Squandered
Lebanon in crisis Canva Less than two years after a catastrophic explosion nearly leveled whole parts of Lebanon’s capital, Beirut, plunging the country into economic disrepair and social despai...
Bitcoin education at an escape room in Lebanon
Bitcoin (BTC) sets people free. At least, that was the story at Lebanon’s first Bitcoin-themed escape room in Beirut. Lebanese Bitcoiners from the group Bitcoin du Liban took on the latest Bitcoin ed...
Zimbabwe and Lebanon close to adopting Bitcoin?
While major Western economies are grappling with inflation rates not seen in more than 40 years, there are countries that have had to live with triple-digit inflation rates for years, such as Lebanon ...
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board – Economics Bitcoin News
As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Stev...
Crypto Mining Is Thriving in the South of Lebanon
Cheap, readily-available electricity has turned the Lebanese district of Chouf into a mining haven. A 21-year-old man, Ahmed Abu Daher has spearheaded a thriving cryptocurrency mining business in Chou...
‘Death On The Nile’ Banned In Lebanon, Kuwait Over Israeli Star Gal Gadot
Topline Lebanon has reportedly banned the film Death on the Nile, as well as Kuwait, over Israeli star Gal Gadot’s ties to the Israeli Defense Forces. LOS ANGELES, CALIFORNIA – NOVEMBER 03: Gal ...
Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion – Economics Bitcoin News
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major...