At the time of writing this article, the Bitcoin bomb has exploded; after peaking at $64,863 on 14 April 2021, the value of Bitcoin has plunged 45% to $31,276 on May 21, 2021; consequently, nearly $600 billion of value evaporated from Bitcoin’s market cap, i.e. from $1.182 trillion (April 2021) to...

Mustafa Kemal (Atatürk) abolished the Ottoman Empire in 1922 by overthrowing the last sultan Mehmet VI Vahdettin and established the Republic of Turkey as a secular state on 29 October 1923. After Atatürk’s death on 10 November 1938, the Turkish Armed Forces has safeguarded his principles...

US President Donald J. Trump says he is not “a fan of Bitcoin and other cryptocurrencies”, and he does not have to be, but using this premature reason (like a bully) to rage a war against Bitcoin and Libra is ludicrous. Will Trump (or the United States government) try to destroy everything...

Huge difference a decade makes; from an uninterrupted growth in one decade (i.e. birth of the Justice and Development Party – AKP in August 2001 and the rise of the AKP during 2002-2013) to another decade of unorthodox policies induced by ever more authoritarianism (i.e. the loss of Istanbul...

Innumerable factors contributing to global warming is nothing of new, but increased human-induced greenhouse gas emissions resulting from the burning of vast amounts of fossil fuels have pushed the Earth's natural systems (balanced carbon cycle) out of balance causing extreme climate changes in...

Turks have been around for thousands of years, who have established many states and empires in the “land of Turks” referring to Anatolia (Asia Minor) and the Eastern Thrace. The life of Turks, previously in the Altai Mountains of western Mongolia, commenced in the interior of Asia Minor when...

The cash strapped Turkey's gloomy economy was already ailing before the emergence of COVID-19 pandemic. The August rout of 2018 caused serious cracks as lira tumbled against the dollar (25% in three days and 41% in just two weeks); consequently, core inflation peaked at 26% and key interest rate...

When the global economy hit the wall in 2007-08 (i.e. sub-prime mortgage debacle in 2006 followed by the 2008 global credit mayhem, originated in the U.S. before spreading to Europe as sovereign debt crisis), an extensive research by economists, scholars and academia compared and contrasted the...

Increasing financial and political turmoil in the 1970s and 1980s coupled with oil shock prompted Governors of the G-10 countries to engage in cooperation and financial collaboration that eventually paved the road for the establishment of the Basel Committee on Banking Supervision in 1974. After...

Blockchain and distributed ledger technology (DLT) are used interchangeably. In the aftermath of the 2008 global financial crisis, Bitcoin gave birth to blockchain, or vice versa. A decade has passed since the launch of the first successful cryptocurrency in January 2009 by a mysterious creator...