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Tag: Lebanon

Posted on November 8, 2022

This 22-year-old survives Lebanon with a bitcoin mining business that’s been earning $20,000 a month

Here’s a look into Lebanon’s burgeoning crypto mining industry, a lifeline for many Lebanese as the country’s financial system falls apart.
Posted on November 8, 2022

This 22-year-old survives Lebanon with a bitcoin mining business that’s been earning $20,000 a month

Here’s a look into Lebanon’s burgeoning crypto mining industry, a lifeline for many Lebanese as the country’s financial system falls apart.
Posted on November 7, 2022

Townhomes to start Lebanon mall mixed-use redevelopment. A look at the phases

An estimated 85-87 townhomes will be for sale, constructed on just over 10 acres at the southeast portion of the mall property, off Interstate 40 at U.S. 231 in Lebanon. That portion of the property …

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Posted on November 6, 2022

Bitcoin mining, Lebanon’s recourse for survival? $1 valued at 15 cents due to broken banking system

TL; DR Breakdown Lebanon’s economy plunges into hyperinflation Bitcoin replaces Lebanon’s banking system Bitcoin mining in Lebanon Lebanon’s citizens explain how bitcoin mining has replaced a broken …
Posted on November 6, 2022

‘We don’t have a solution to bank crisis’ says Lebanon’s Interior Minister

Speaking to Arabian Business, Lebanon’s caretaker minister Bassam al-Mawlawi says country is working to avoid collapse of banking system ‘We don’t have a solution to bank crisis’ says Lebanon’s …
Posted on November 5, 2022

In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents

As Lebanon’s economy spirals into hyperinflation, locals explain how cryptocurrency has replaced a financial system that no longer makes sense.
Posted on November 5, 2022

Scores of Syrian refugees head home from crisis-hit Lebanon

Scores of Syrian refugees headed home Saturday from eastern Lebanon in the second convoy in less than two weeks as Beirut attempts to organize a mass refugee return to the war-torn country.
Posted on November 4, 2022

Top US official says Lebanon will face more pain before a new government forms

Washington’s top Middle East diplomat has said Lebanon will likely have to bear more pain before the impoverished Mediterranean country forms a new government, with the potential for a complete …

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Posted on November 4, 2022

Lebanon-Israel deal a landmark but with limits, experts say

The recent maritime border deal between Lebanon and Israel allocates rights to off-shore natural gas drilling and has been hailed as a game changer …
Posted on November 2, 2022

Another bank held up in Lebanon despite heightened security

Two men entered a Lebanese bank with a gun today demanding access to their savings. What happened: Ali al-Saheli and Ibrahim Baydoun stormed a branch of Credit Libanais in the town of Hazmieh, Mount …

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