To start the post with an anti-FUD headline, before moving to some "sad celebration" you should know that London School of Economics is launching its own cryptocurrency course. “Cryptocurrency Investment and Disruption” is the "name of the game" and it is an online course teaching where anyone interested in the crypto world will learn on a period of six weeks about crypto exchanges, evaluation of ICOs and how to use crypto wallets. Nothing fancy I would say, but an important step towards a cryptonized world.
The course starts in mid August, according to bitcoinist.com, lessons will be taken on a period of six weeks by the interested students, but no investing advice will be given throughout the entire period.
"During this course you will be provided with the information, knowledge and frameworks to deepen your understanding of blockchain technologies and cryptocurrencies – how they operate and the implications for business and the economy. You will not be given cryptocurrency investing advice, or investment or financial advice of any nature."
-extract from the courses presentation
On the other side of the Globe, China is celebrating it's "sad success" in killing Bitcoin. According to Xinhuanet, a local news outlet, The People’s Bank of China (PBOC) stated that Bitcoin is trading against the Yuan (CNY) with less than 1% of the total global volume. After all of the crypto exchanges have been shot down last year in China and ICOs receiving a country-wide ban some of the Chinese business around the crypto world migrated to other crypto friendly destinations.
Two of the most crypto friendly countries for traders that knew how to benefit from China's clampdown were Japan and Malta. Binance and OKex are two of the biggest exchanges that were "born" in China and "got adopted" by Malta recently providing them a safe and inviting environment that will benefit not only investors, but the country's economy also.
In the case of the Chinese related news and the celebration of The People’s Bank of China over "killing Bitcoin" I will quote bitcoinist.com news outlet by saying that "China’s ‘Victory’ is Malta’s Gain". As discussed in a previous post India is also following the footsteps of China and might miss an important train so the love and hate that Bitcoin, blockchain and cryptocurrencies receive all over the world describe very well how stiff or flexible the human mentality can be all over the world.
Now, to figure out "the hidden reasons" on why such countries such as China or India would try to kill Bitcoin is beyond my understanding, BUT I truly believe that cryptocurrencies are not threatening the Chinese Yuan or the Indian rupee...yet. I believe that we will have at some point in the future a world accepted currency or maybe more replacing the "old money", but we're still decades away. Until then some crypto traders might take some good profits "out of the technology" while the Chinese(not all the country's people of course) are celebrating the so called death of Bitcoin.
References:
https://bitcoinist.com/london-school-of-economics-to-offer-online-cryptocurrency-course/
https://bitcoinist.com/china-bitcoin-exchanges-volume-falls-1/
Thanks for your attention,
Ace