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Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add […]
The post Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again appeared first on Bitcoin News.
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If regional Turkish media is to be believed, no less than the country’s Minister of Finance (Finmin), Berat Albayrak, has proposed looking into the wildcat world of initial coin offerings (ICOs) as a way to boost the economy. English-speaking press reports so far haven’t mentioned Turkey’s supposed turn toward state-backed crypto products, but they have […]
The post Turkey Finance Minister Embraces ICO Hype for Already Troubled Economy appeared first on Bitcoin News.
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Analysts Yoshiyuki Suimon and Kazuki Miyamoto claim bitcoin will assist Japan in a Gross Domestic Product (GDP) boost of 0.3% heading into the first three months of 2018. At the end of 2017, the cryptocurrency boasted a ¥12 trillion market capitalization, and if trends continue into early this year, that could translate into lifting Japanese […]
The post Japan’s GDP Grows Due to Bitcoin Wealth Effect appeared first on Bitcoin News.
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