âś…Spratly Islands: Claimed by China, Vietnam, the Philippines, Malaysia, and Brunei, this archipelago is a hotspot for conflict. The dispute involves competing claims over islands, reefs, and waters.
âś…Paracel Islands: Disputed mainly between China and Vietnam, this group of islands has seen past conflicts and remains a contentious area.
✅Scarborough Shoal: Claimed by China and the Philippines, tensions have risen since China’s takeover in 2012.
✅China’s “Nine-Dash Line” claim overlaps with the maritime territories of other nations, complicating the dispute and leading to regional instability.
âś…Spratly Islands: Claimed by China, Vietnam, the Philippines, Malaysia, and Brunei, this archipelago is a hotspot for conflict. The dispute involves competing claims over islands, reefs, and waters.
âś…Paracel Islands: Disputed mainly between China and Vietnam, this group of islands has seen past conflicts and remains a contentious area.
✅Scarborough Shoal: Claimed by China and the Philippines, tensions have risen since China’s takeover in 2012.
✅China’s “Nine-Dash Line” claim overlaps with the maritime territories of other nations, complicating the dispute and leading to regional instability.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
How Does Bitcoin Mining Work?
Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.
