Taiwan Current Affairs - 2019
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The Representatives of Taiwan and China hold their first high-level meeting since they split 65 years ago, after a brutal China’s civil war. The official talks held between Taiwan’s Mainland Affairs Minister Mr. Wang Yu-chi and China’s Vice Foreign Minister Mr. Zhang Zhijun (who heads the Taiwan Affairs Office) at Nanjing, Jiangsuprovince of China.
Outcome of the official level talks: Both the countries agreed to set up representative offices “as early as possible” for the two semi-official organizations which deal with ties between the two. And, also agreed to deepen economic ties and “appropriately deal with” issues on medical care for students in either place.
About China-Taiwan relations
- China and Taiwan ruled by separate governments since the end of the Chinese civil war in 1949.
- China’s constitution claims Taiwan as part of its territory.
- Taiwan has never formally renounced its decades-old claim to the whole of China.
- China has offered a “one country, two systems” solution, like Hong Kong.
Note: The official talks between the two countries are sensed as an attempt to facilitate wider exchanges and building cross-strait relations and a confidence building exercise.
As per a survey conducted by the IT security firm Trend Micro, Bitcoin mining malware is infecting millions of computers globally and extending the threat of cyber security risks for users of the cyber currency. Thousands of computers, including in India, are being infected with malwares related to the virtual currency. Bitcoin mining is resource-intensive and can slow down the system due to the increased CPU load. The infected computers will become very slow on system operation, also appears heavy CPU and power consumption.
Major points related to the survey conducted by the IT security firm Trend Micro
- Most of the countries of the Asia Pacific (APAC) region are affected by the Bitcoin-mining malware. Japan is the most affected country, followed by Taiwan, Australia and India.
- Bitcoin users have become the hot target for cyber criminals as bitcoin transaction is permanent and has no reversal of charges.
- About 12,000 personal computers have been globally affected by malwares (related to bitcoin) which were causing severe slowdown of computer systems making them “virtual assets for the criminals
Bitcoin is a virtual currency that is unregulated by any central bank or government, but still works for purchasing goods and services from retailers willing to accept it. It can also be traded on an open market that fluctuates much like a stock market. Bitcoin is a distributed peer-to-peer digital currency that functions without the inter-mediation of any central authority. Bitcoin is also called a “cryptocurrency” since it is decentralized and uses cryptography to prevent double-spending, a significant challenge inherent to digital currencies.