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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
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%....
Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East
13.3.2020
Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East
Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
27.2.2020
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government...
Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens
8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....
Lebanese Bitcoiners Show How to Talk About Crypto At Thanksgiving
27.11.2019
Amid civil unrest, bitcoin is helping some Lebanese get by. Emphasis on the word “helping.” Traditional social ties are as important as technology
Global Protests Reveal Bitcoin’s Limitations
21.11.2019
Protesters across the globe are testing out bitcoin and other decentralized technologies – then promptly discovering their limitations
How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations
28.10.2019
Bitcoin users in Lebanon have numerous hurdles to overcome to develop a local market during the nation's economic crisis
Low Interest Rates Are Crushing Young People and Fueling Global Riots
27.10.2019
There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push...
Lebanon Banks' Shutdown Is ‘Most Potent Case’ for Crypto: Nassim Taleb
25.10.2019
Lebanon to keep banks closed until further notice
The Demand for Permissionless Freedom Is Just Getting Started
25.10.2019
Every year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens...