Source: Coindesk
Security & Justice
Watch: Zahle Christmas Tree Torched by Two Individuals
Civil Defense teams extinguished a fire that broke out in a Christmas tree and Nativity scene along the Zahle highway late last night, after two unidentified individuals set them ablaze.
Monday, December 30, 2024
Israel to UNIFIL in South Lebanon: Your Security Cannot Be Guaranteed
The Israeli army warned the United Nations Interim Force in Lebanon that their safety cannot be guaranteed in the border town of al-Taybeh.
Monday, December 30, 2024
Opinion
2024 Year in Review: Can Lebanon Recover from the Depredations of Israel-Hezbollah War?
On the first day of 2024, the Lebanese militia Hezbollah received an Israeli ultimatum. If it did not immediately retreat from the Israeli-Lebanese border and cease its rocket attacks, a full-scale war was imminent. It was the threat that preceded the storm.
Monday, December 23, 2024
Guns in Lebanon Should Be in the Hands of Its Army Only
Despite the dire economic straits in which their country finds itself, for many in Lebanon $25 not an impossible sum to get together. That is the current asking price for one of the black-market AK-47 assault rifles flooding the troubled country after collapse of the Syrian army. The growing availability of these weapons in a country already awash with guns should alarm everyone who wants to see Lebanon turn a corner on instability, invasion and inertia.
Friday, December 20, 2024
Sports
Neymar Set to Welcome Fourth Child
The Brazilian superstar announced on Instagram that his partner is expecting a baby girl.
Friday, December 27, 2024
Man City Might Miss Out on Champions League - Guardiola
Manchester City boss Pep Guardiola says the club is in danger of missing out on a place in next season's Champions League.
Thursday, December 26, 2024
Wednesday 6 March 2024 16:19:58
Bitcoin Rebounds As $150k Target For 2024 Comes In View
Buying demand and a reset in funding rates for perpetuals has buoyed bitcoin (BTC) prices early Wednesday, fueling a broader-market recovery.
The world’s largest cryptocurrency tumbled over 7% on Tuesday after briefly touching all-time highs, causing a market-wide sell-off and more than $1 billion in liquidations amid the volatility. It dropped to as low as $60,800 but neared $67,000 in Asian morning hours – indicating resilience.
Some observers said the selling pressure was likely driven by profit-taking at historical highs and miners offloading some of their bitcoin holdings. Data shows that inflows in spot bitcoin exchange-traded funds (ETFs) remained strong, with BlackRock amassing over $760 million on Tuesday.
Meanwhile, some market analysts said lofty price targets for bitcoin remained in view as April’s anticipated halving event, which reduces mining rewards in half, approaches.
“As demand from bitcoin ETFs, with $500 million in daily average inflows, continues to outstrip new production, we may see bitcoin’s ongoing surge continue,” Alex Adelman, CEO of bitcoin rewards application Lolli, shared in an email.
“Following the Halving, increased scarcity and strong demand from retail and institutional investors will likely push bitcoin’s price even higher. Based on historical trends following the Halving, bitcoin’s price could top $150,000 in the next year.”
Some developers say Bitcoin fundamentals are stronger this cycle compared to the previous ones, pointing to the introduction of Ordinals technology and their adoption.
"New innovations such as Ordinals, digital collectibles (NFTs) that are inscribed in the Bitcoin blockchain have driven $3.6 billion in BTC payments over the last 6 months alone," shared Stijn Paumen, founder of crypto payments firm Helio, in a message to CoinDesk. "If this trajectory continues we'll see global adoption of crypto as a mainstream method of a payment in the coming 4-year BTC cycle."
Major tokens, such as Solana’s SOL, Cardano’s ADA, ether (ETH) and meme coins, started to reverse Tuesday’s losses, rising as much as 5% in the past hour on bitcoin’s strength.
Dog-themed tokens dogecoin (DOGE) and shiba inu (SHIB) saw sell-offs of more than 15% on Tuesday but did not rebound alongside the other major tokens.
