Source: Forbes
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
My Hope for Lebanon
A company of Lebanese soldiers assigned to maintain order in this anxious wartime capital is gathered at its headquarters 100 yards from the Mediterranean. I make the blunder of asking their commander how many of his men are Shiites, Sunnis, Christians and Druze.
Monday, November 4, 2024
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
Sports
FC Barcelona Fears First Team Star Will Be Banned From Playing, Reports SPORT
FC Barcelona is concerned that one of its main first-team stars will be banned from playing at the turn of 2025 because of issues related to his registration and Financial Fair Play (FFP) limits according to SPORT, which cited anonymous sources.
Friday, November 1, 2024
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Monday 12 July 2021 17:23:21
Crypto Price Alert: Bitcoin and Ethereum ‘In Danger’ After Shock China Dump Warning
Bitcoin and cryptocurrency prices have struggled in recent weeks as a brutal crypto crackdown in China worsens .
The bitcoin price crashed in May, losing 50% of its value, and has remained under pressure since. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, has fallen by more than half, with ethereum price struggling to hold above $2,000 per ether token.
Now, after reports former bitcoin and ethereum miners in China have been dumping GPUs, suggesting at least some of the decommissioned Chinese mining capacity won't return, analysts have warned crypto prices are "in danger."
China bitcoin and ethereum miners dumping CPUs "doesn't come as a surprise given the fact that China seriously cracked down on bitcoin mining in the country but the development may be interpreted as fundamentally bearish, nonetheless," Adam James, senior editor at Hong Kong-based bitcoin and crypto exchange OKEx, wrote in his latest analysis, adding "market sentiment has decreased significantly" over the last few days.
Meanwhile, reports have emerged on social media that China has begun blocking access to major cryptocurrency exchanges. This week, users reported that Huobi and Binance briefly required a location-masking VPN to access.
Binance, the world's biggest bitcoin and crypto exchange by volume, has been battling a global regulatory clampdown in recent weeks, with the U.S. and countries throughout Europe ramping up their scrutiny of the exchange.
China's crackdown on bitcoin and crypto mining last month forced those using high-powered computers to secure the bitcoin network and validate transactions out of the country. The expulsion of bitcoin and crypto miners from China sent bitcoin's hash rate, a measure of how much computing power is being directed at the bitcoin network, to a 13-month low over the last two weeks.
The ethereum network was also hit by China's crypto mining ban, seeing its network hash rate drop some 20% since May as miners powered down.
After dipping under $30,000 in recent weeks the bitcoin price has plateaued at just above the psychological level but its failure to meaningfully recover lost ground since its May crash has left many crypto market watchers worried.
