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Lebanon Schedules Its CBDC, DeFi Crime On The Rise + More News
10.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
CBDCs news
Lebanon plans to introduce a digital currency in 2021 to restore confidence in the banking sector and transition into a cashless system...
Lebanon Preparing Central Bank Digital Currency for 2021 Rollout
10.11.2020
Central bankers hope the CBDC will help restore confidence in Lebanon's shaky banking sector
Lebanon to launch digital currency in face of economic and financial turmoil
10.11.2020
Lebanon's central bank governor says the country, whose lira has been in freefall, is preparing to launch a digital currency in 2021
Binance Charity Pledges $20K to Beirut Explosion Relief Efforts
18.8.2020
Binance's charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon's capital earlier this month
Bitcoiners Launch Cryptocurrency Relief Fund Following Beirut Explosion
11.8.2020
A group of Lebanese expats in Europe organized the Crypto Disaster Relief For Beirut Explosion fund to support those affected by last week's tragedy
President Macron Could Leverage Blockchain to Transform Lebanon Aid
10.8.2020
Blockchain technology has the potential to bring transparency to the deployment of financial aid
Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War
27.7.2020
Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese pound has lost 82% of its value this year....
Coinbase Processed $500,000 in Bitcoin Payments That Helped Ex-Nissan Chairman Flee Japan
24.7.2020
Coinbase processed $500,000 in bitcoin payments that aided the dramatic escape of former Nissan Motor Co. chairman Carlos Ghosn from Japan, according to Bloomberg. In December, two Americans used a box to smuggle Ghosn out of the Asian country, where he was facing criminal charges for embezzlement...
Lebanese Pound Falls 50% in Ten Days — Now Worth One Satoshi
2.7.2020
A deepening monetary crisis has seen Lebanon’s national currency plummet a further 50% over the last ten days to reach parity with a single satoshi
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
29.6.2020
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank...
The Truth About Bitcoin and Hezbollah in Lebanon
17.6.2020
Will Hezbollah in Lebanon use bitcoin? The data suggests terror activity is uncommon despite surging crypto popularity across the Middle East
Lebanon's Central Bank Burns as Protesters Rail Against Fiscal Failures
12.6.2020
A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets
How Bitcoin Fits Into Lebanon’s Banking Crisis
5.6.2020
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent
Don’t Buy Bitcoin, Says Wealth Exec as Lebanon Chooses BTC Over Fiat
22.5.2020
Bitcoin and gold are “too speculative” and it’s better for investors to trust the government to pay them back, claims Peter Mallouk
From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money
18.5.2020
The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their...
Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown
4.5.2020
Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation...
Bitcoin in Emerging Markets: The Middle East
4.5.2020
Regions with weak states and educated diasporas are seeing a rising demand for cryptocurrencies, stablecoins and decentralized applications
When Currencies Fail: A Primer on the Dollar Crisis in Lebanon
29.4.2020
A massive shortage of dollars is instigating economic chaos, including a more than 50% loss of value in the Lebanese pound
No, Bitcoin Isn’t Trading for $15K in Lebanon After Currency Collapse
25.4.2020
While some media outlets are claiming that Bitcoins are trading for $15,000 in Lebanon, it would appear the actual price is closer to $7,850
Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars
22.4.2020
During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%....