Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled

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 has stalled bailout discussions. The economic and financial crisis in Lebanon has deepened as the local currency has been in a free-fall. The Lebanese pound sold at a rate of 8,000 to the U.S. dollar on Sunday at local exchanges, losing about 80% of its…

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Bolstering Separation of Money and State Following the 244th Independence Day

With the fourth of July approaching, many Americans will have to contemplate whether or not the holiday is an empty affair. After the last thirteen weeks of Covid-19 lockdowns, business shutdowns, and police brutality, the lack of liberty and freedoms in the U.S. has never been more apparent. With ideas like bitcoin and concepts that bolster secession, the day is coming when money is completely removed from the state, just as the state was separated from the church centuries ago. Roughly six days prior to the empty holiday, as I…

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Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of Ethereum

Crypto market skeptics and speculators are concerned about 789,000 ETH that started moving four days ago last Wednesday. The transaction was recorded by Whale Alert, and the $187 million worth of ether stems from the Plustoken scammers. On Wednesday, June 24, 2020, at approximately 9:46 a.m. (ET) the Plustoken scammers who have yet to be arrested, moved 789,534 ETH worth $187,847,550 USD at today’s exchange rates. Cryptocurrency traders are concerned that this stash of ETH will be dumped on numerous digital currency spot markets. Additionally, the Plustoken scammers moved $67…

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Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’

Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3 controlled 870 bitcoin “violates Liquid’s security model.” During the last year, the crypto firm Blockstream has been promoting its Liquid sidechain as “trustless,” even though many cryptocurrency proponents have criticized the federation of exchanges who call the network’s shots. For instance, the infamous Cobra, owner of…

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Jim Rogers, Mark Cuban, Peter Schiff Will ‘Go All-In’ on Bitcoin — Max Keiser

Max Keiser believes that bitcoin naysayers like Jim Rogers, Mark Cuban, and Peter Schiff will go all-in and invest big in bitcoin when they understand it. He guarantees this to be the case, having predicted that the price of bitcoin will reach $400,000. Max Keiser and the Bitcoin Naysayers Popular television personality Max Keiser firmly believes that bitcoin skeptics will go all in big on bitcoin when they finally understand it. The host of Keiser Report, a financial program broadcast on the media channel RT, recently singled out three bitcoin…

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Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests ‘Bullish Run a Month Away’

The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests a bull run is imminent. In fact, Woo says the model suggests bitcoin is close to “another bullish run” with “maybe another month to go.” The price of bitcoin (BTC) has been declining during the last seven days, as BTC has lost 2% overall this past week. The value has been bouncing back and forth between $8,800 to a touch over $10k per BTC. At the time of writing…

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‘Casino Jack’ Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to Prison

Jack Abramoff, the lobbyist behind one of the biggest Washington lobbying scandals as portrayed in the feature film Casino Jack, has been charged in connection with AML bitcoin cryptocurrency. He faces returning to jail after previously serving three and a half years in prison. Jack Abramoff Charged in Cryptocurrency Fraud Case The U.S. Department of Justice (DOJ) announced on Thursday that lobbyist Jack Abramoff and Rowland Marcus Andrade have been “charged with fraud in connection with $5 million initial coin offering of cryptocurrency AML bitcoin.” It has been more than…

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US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value

The U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their mortgages. Numbers stemming from last month’s property data indicates that about 4.3 million Americans didn’t pay their mortgage notes. While precious metals like gold and silver have done well, and crypto assets have held decently, real estate and property statistics have tumbled. The government in America…

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Timothy C. May: Libertaria in Cyberspace

Here are a few points about why “cyberspace,” or a computer-mediated network, is more hospitable than physical locations for the kind of “crypto-anarchy” libertarian system I’ve been describing. Several folks have commented recently about ocean-going libertarian havens, supertankers used as data havens, and so forth. In the 1970s, especially, there were several unsuccessful attempts to acquire islands in the Pacific for the site of what some called “Libertaria.” (Some keywords: Vanuatu, Minerva, Mike Oliver, Tonga) **The following essay was written by Timothy C. May in 1988. The essay “Libertaria in…

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Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary

UK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a unit of troubled Wirecard AG, which is responsible for issuing Visa cryptocurrency debit cards. It means some users of cards such as Crypto.com’s Mco visa debit card and Tenx’s visa debit card may not be able to access their funds for a time. Both the crypto-enabled cards are issued by the Newcastle-based WCS. FCA said Wirecard Card Solutions “is no longer permitted to conduct any regulated activities” and “must not dispose of any assets…

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