2020-6-6 19:50 |
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.
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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 deteriorating “terrifyingly.
2020-5-5 20:30 | |
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A massive shortage of dollars is instigating economic chaos, including a more than 50% loss of value in the Lebanese pound and what looks like an enormous local premium for bitcoins. Presented in podcast and full-transcript formats.
2020-4-30 22:00 | |
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Protests in Lebanon have been going on since October last year as the citizens grapple with the falling economy. With the country’s national currency plunging to new all-time lows, the citizens are now defying coronavirus lockdown measures to protest in the streets.
2020-4-29 16:53 | |
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As the current financial crisis rocking Lebanon continues to intensify, Lebanese citizens are increasingly looking to bitcoin to escape the country’s crippling economic situation. Lebanon joins the list of countries whose citizens have turned to the top cryptocurrency to counter the financial crisis.
2020-2-26 22:00 | |
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With the global health of banks not in a good space thanks to a potential financial crisis looming, some countries have essentially thrown in the towel sending their economies into a tailspin. Lebanon is one such country that is facing a banking crisis that is not only damaging its economy but also looks as if […] The post Bitcoin Highlighted as Lebanese Banks on Brink of Insolvency appeared first on BeInCrypto.
2020-1-28 09:18 | |
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Mass protests in Lebanon, which began as a demonstration over tax proposals, have since escalated into a full-blown financial crisis. As such, Bitcoin, and other decentralized cryptocurrencies, demonstrate, once again, the importance of financial sovereignty.
2020-1-27 16:11 | |
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The middle eastern nation of Lebanon has been suffering its worst civil and economic crisis since its civil war in the mid-1970s. With no end in sight, the desperate yet resourceful population may start to explore Bitcoin as a weapon against the corrupt political and banking system.
2019-12-28 07:23 | |
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Lebanon is facing a banking crisis of such severity a judge had to order a bank to release deposited funds. “The [Lebanese] economy doesn’t rely on the local currency, the... The post Bitcoin Remittance Pipeline Setup For Lebanon Amid Dollar Shortage and Tense Standoff appeared first on Trustnodes.
2019-11-27 20:06 | |
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Lebanon is on the verge of collapse with the parliament speaker comparing it to the Titanic. The central bank there has apparently engaged in what Nasser Saidi, a former central... The post Bitcoin Efforts Launched For Lebanon Amid Financial Crisis appeared first on Trustnodes.
2019-11-18 19:16 | |
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Bitcoin users in Lebanon have numerous hurdles to overcome to develop a local market during the nation's economic crisis.
2019-10-29 23:30 | |
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Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials scramble to address the situation against a backdrop of alleged political embezzlement […] The post Lebanese Protestors Gather at Central Bank as Financial Lockout Continues appeared first on Bitcoin News.
2019-10-25 05:45 | |
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Lingering political unrest rendered millions of Lebanese nationals unable to access their own money deposited with banks for the seventh consecutive day on Wednesday, highlighting once again how Bitcoin can serve as an alternative financial system.
2019-10-24 07:24 | |
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In Lebanon, around 350,000 Syrian refugees don’t have access to enough safe and nutritious food. To stem the crisis, the World Food Programme (WFP) of the United Nations introduced an electronic voucher system to distribute food aid.
2019-7-2 14:50 | |
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Paxful, a peer-to-peer Bitcoin trading platform, has introduced the option for users to transact Bitcoin using Costco Cash cards.
Coinspeaker Crypto Exchange Hotbit Suspends Operations after Five Years of Service After five years of service, Hotbit joins Paxful and Bit4You to exit the crypto market. Crypto Exchange Hotbit Suspends Operations after Five Years of Service
The widely recognized cryptocurrency exchange, Paxful, has reopened its peer-to-peer marketplace, marking a major stride in enhancing global access to digital currencies.
Paxful has seen a majority of its previously frozen user accounts unfrozen, according to an announcement from its now-former CEO. The update comes over a week after the platform suspended its operations.
Paxful co-founder and CEO Ray Youssef said $4. 4 million — around 3. 3% of total customer funds — remain frozen on the platform despite freeing 88% of all frozen accounts in the last ten days. Youssef advised his followers not to trust any U.
Quick Take Bitcoin lost its $30,000 support this morning and is currently at $29,500. Five days ago, CryptoSlate analyzed that open interest jumped by the fifth largest amount in one day. This was a significant driver in pushing the price over $30,000.
The latest price moves in bitcoin (BTC) and crypto markets in context for April 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.