Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
LANZHOU, July 6 (Xinhua) — The 31st China (Lanzhou) Investment and Trade Fair opened Sunday in Lanzhou, capital of northwest China’s Gansu Province, with more than 2,000 Chinese and foreign enterprises participating.
This year, Indonesia was the guest of honor at the fair. The number of participants exceeded the figures of previous years: representatives from more than 20 countries, including Germany, Spain, Russia, Malaysia and Iran, as well as 18 Chinese provincial-level regions and the Hong Kong Special Administrative Region, came to the fair.
The fair is divided into four thematic zones, focusing on international cooperation along the Silk Road, inter-regional exchanges, consumer goods and specialized industries of Gansu Province, the organizers said. The exhibition features products in such fields as equipment manufacturing, petrochemicals, biomedicine, new materials, new energy, aviation and astronautics, agriculture, information and data.
The fair program includes more than 30 forums and trade and economic events.
Indonesian Ambassador to China Jauhari Oratmangun noted that 16 Indonesian companies are presenting coffee, food, handicrafts and traditional batik at the fair. The diplomat expressed hope for deepening cooperation between Indonesia and China in renewable energy, modern agriculture and cultural tourism.
As the largest international economic and trade event in Gansu Province since 1993, this year’s fair has already secured deals on 1,181 investment projects worth over 650 billion yuan (about 90.9 billion U.S. dollars) in sectors including alternative energy equipment, agricultural processing, new materials and digital technology. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Tech founders creating innovative, high growth companies can face a surprising obstacle outside the startup ecosystem – they frequently struggle to secure home loans.
Bank of New Zealand (BNZ) has addressed this challenge with the launch of Founder Housing: a new home loan solution designed specifically for tech entrepreneurs.
The new proposition addresses a common frustration in the tech community: founders of tech companies often have business losses counted against their personal income, which can make them ineligible for home loans, even when their businesses are thriving and backed by significant investment.
“We kept hearing the same story from tech founders and entrepreneurs,” says Tim Wixon, Head of Technology Industries at BNZ.
“They’d built promising companies, secured investment, and were earning good salaries, but couldn’t buy homes because traditional lending criteria didn’t recognise the way high-growth tech startups operate. It just didn’t make sense.”
One founder’s journey
Startup founder Emily Blythe’s experience illustrates this challenge. As CEO of Pyper Vision, an innovative aerospace startup developing AI-powered fog forecasting technology, Blythe has built a company with strong financial backing and major partnerships, including trials with Air New Zealand and British Airways CityFlyer. Yet when she tried to buy her first home, traditional lending criteria worked against her.
“I had a stable salary and a consistent track record of Pyper Vision paying me, but that wasn’t recognised by most banks,” Blythe explains. “What was particularly frustrating was that two of my team had recently secured bank loans easily, but because they were employees rather than the founder, banks viewed their positions as more secure than mine.”
Despite Pyper Vision’s strong fundamentals – including Startmate accelerator backing, government support, and enterprise partnerships – Blythe was rejected by eight different banks over a three-month period.
“I spoke to other founders going through the same struggle who couldn’t find a solution,” she says.
“They were having their partners buy houses instead or setting up complex trust structures – anything to work around the system.”
Blythe’s experience highlights exactly why BNZ developed Founder Housing.
The problem stems from how growth-focused tech companies structure their finances. Early-stage businesses typically prioritise R&D, marketing and expansion over profit, creating accounting losses that appear on founders’ personal financial assessments despite potentially strong business fundamentals.
BNZ’s Founder Housing takes a different approach by evaluating business viability and potential rather than focusing solely on profit and loss statements. The solution recognises institutional investment as a positive indicator and includes specialised assessment criteria tailored to tech companies.
“It’s about applying the right approach and metrics for this type of business model,” Wixon says.
“A founder running an equity-backed company with strong growth metrics is often a very different proposition from what traditional lending criteria might suggest.”
For Blythe, BNZ’s approach proved different.
“It wasn’t the standard black-and-white response of ‘you’re a founder, therefore we can’t approve this.’ BNZ actually evaluated both the company’s financial position as a tech business and my personal circumstances together. It was a much more logical and rational approach.”
Securing her Christchurch home has provided crucial stability for her role leading an international business.
“Having my own home gives me the freedom to travel for work, knowing I have a secure base to return to. It’s the first time I’ve felt properly grounded.”
Her advice to other tech founders facing similar challenges is clear: “I’d strongly recommend working with BNZ’s team. The traditional banking approach to founders is just ridiculous.”
Banking on growth
Founder Housing builds on BNZ’s established commitment to supporting New Zealand’s tech ecosystem.
The bank has pioneered several innovative financing solutions for technology companies, including Revenue Based Financing for SaaS businesses launched in 2021, and Contracted Receivables Financing introduced in 2023 to help high-tech manufacturing, infrastructure, software-enabled hardware and biotech companies access capital based on signed contracts rather than traditional profit measures.
Last month, BNZ also announced fast-approval unsecured business loans up to $50,000 that can be confirmed in just three minutes, recognising that businesses need to move quickly when opportunities arise.
“We’ve been working to rewrite the playbook for how banks can better support tech companies at every stage of their journey,” Wixon says.
“Founder Housing is the natural extension of that work – supporting the founders themselves, not just their businesses.”
The solution’s introduction comes at a time when supporting innovation and competitive business settings are increasingly recognised as vital for economic development.
“We’re proud to be the first major bank to turn this approach into a formal proposition,” Wixon says.
“By understanding the unique challenges these founders face, we can help them build personal assets while they continue growing their businesses here in New Zealand, helping to attract and retain talent in Aotearoa.
*All home loans are subject to BNZ lending criteria (including minimum equity requirements), terms and fees.
Prime Minister Narendra Modi on Sunday called for urgent reforms in global governance institutions, emphasising that the interests of the Global South must be given due importance in decision-making bodies that were built in the 20th century but continue to shape 21st-century challenges.
Addressing the BRICS session on the ‘Reform of Global Governance’ in Rio de Janeiro, the Prime Minister extended his gratitude to Brazilian President Luiz Inácio Lula da Silva for the “excellent organisation” of the summit and praised his “vision and unwavering commitment” in energising the bloc.
PM Modi remarked that under Brazil’s leadership, BRICS cooperation had received not just an “espresso” but a “double espresso shot”, applauding President Lula’s dynamic role. He also congratulated Indonesia’s President Prabowo Subianto on Indonesia’s inclusion in the BRICS grouping, calling it a welcome expansion of the bloc’s partnership.
Highlighting the persistent neglect faced by the Global South, the PM said that developing nations have often been met with “double standards” on issues such as development, fair distribution of resources, and security. He pointed out that promises on climate finance, sustainable development, and technology transfer have frequently amounted to “nothing more than token gestures”.
“Two-thirds of humanity still lack proper representation in global institutions built in the 20th century,” the Prime Minister noted, adding that this lack of inclusion affects the credibility and effectiveness of such bodies. Drawing an analogy, PM Modi said, “Without the Global South, these institutions are like a mobile phone with a SIM card but no network.”
Calling for a new “multipolar and inclusive world order”, the Prime Minister urged BRICS nations to push for reforms in major global institutions, including the UN Security Council, the World Trade Organization, and Multilateral Development Banks. He stressed that these changes must go beyond symbolism and deliver tangible results, including reforms in governance structures, voting rights, and leadership roles.
“In an age where technology evolves every week, it is unacceptable for global institutions to go eighty years without reform. You can’t run 21st-century software on 20th-century typewriters,” PM Modi said.
The Prime Minister underscored India’s commitment to work constructively with BRICS partners to advance the interests of the Global South and humanity at large.
“India has always considered it a duty to rise above self-interest and work for the greater good of humanity. We remain fully committed to contributing to this shared goal,” he said.
Prime Minister Narendra Modi on Sunday called for urgent reforms in global governance institutions, emphasising that the interests of the Global South must be given due importance in decision-making bodies that were built in the 20th century but continue to shape 21st-century challenges.
Addressing the BRICS session on the ‘Reform of Global Governance’ in Rio de Janeiro, the Prime Minister extended his gratitude to Brazilian President Luiz Inácio Lula da Silva for the “excellent organisation” of the summit and praised his “vision and unwavering commitment” in energising the bloc.
PM Modi remarked that under Brazil’s leadership, BRICS cooperation had received not just an “espresso” but a “double espresso shot”, applauding President Lula’s dynamic role. He also congratulated Indonesia’s President Prabowo Subianto on Indonesia’s inclusion in the BRICS grouping, calling it a welcome expansion of the bloc’s partnership.
Highlighting the persistent neglect faced by the Global South, the PM said that developing nations have often been met with “double standards” on issues such as development, fair distribution of resources, and security. He pointed out that promises on climate finance, sustainable development, and technology transfer have frequently amounted to “nothing more than token gestures”.
“Two-thirds of humanity still lack proper representation in global institutions built in the 20th century,” the Prime Minister noted, adding that this lack of inclusion affects the credibility and effectiveness of such bodies. Drawing an analogy, PM Modi said, “Without the Global South, these institutions are like a mobile phone with a SIM card but no network.”
Calling for a new “multipolar and inclusive world order”, the Prime Minister urged BRICS nations to push for reforms in major global institutions, including the UN Security Council, the World Trade Organization, and Multilateral Development Banks. He stressed that these changes must go beyond symbolism and deliver tangible results, including reforms in governance structures, voting rights, and leadership roles.
“In an age where technology evolves every week, it is unacceptable for global institutions to go eighty years without reform. You can’t run 21st-century software on 20th-century typewriters,” PM Modi said.
The Prime Minister underscored India’s commitment to work constructively with BRICS partners to advance the interests of the Global South and humanity at large.
“India has always considered it a duty to rise above self-interest and work for the greater good of humanity. We remain fully committed to contributing to this shared goal,” he said.
BRICS member nations have called on advanced economies and the international financial system to provide “substantial” financing to support climate mitigation efforts in developing economies.
“We call on advanced economies and other relevant actors in the international financial system, as well as the private sector, to provide substantial finance for climate actions in developing countries, including by expanding concessional finance and increasing private capital mobilisation,” Finance Ministers and Central Bank Governors of BRICS countries said in a joint statement on Sunday, just ahead of the Summit.
Highlighting the growing needs of emerging markets and developing economies (EMDEs), the group urged international financial institutions to scale up adaptation support and create conditions that would attract greater private sector participation in mitigation efforts.
BRICS members also acknowledged the structural challenges posed by climate change, energy transitions, biodiversity loss and conservation efforts.
“We reaffirm that predictable, equitable, accessible and affordable climate finance is indispensable for just transitions, in line with country circumstances and development priorities, and for meeting the goals of the UNFCCC and its Paris Agreement,” the statement said.
India, a BRICS member, has consistently advocated for stronger climate finance arrangements, primarily from developed countries that are historically major carbon emitters. India has repeatedly underlined the need for adequate financial support, particularly for the Global South.
Climate finance generally refers to funding directed at mitigation and adaptation measures to tackle climate change. Developing countries have long argued that developed nations, being historically larger emitters, must shoulder greater responsibility for funding mitigation and adaptation.
Against the backdrop of global economic uncertainty and volatility, BRICS members said the International Monetary Fund (IMF) must remain adequately resourced and flexible to protect its members, particularly the most vulnerable.
The statement also welcomed the New Development Bank’s steady efforts to expand its funding capacity, promote local currency financing, diversify funding sources, and back projects that advance sustainable development, reduce inequality and drive investment in infrastructure and economic integration.
“As the New Development Bank is set to embark on its second golden decade of high-quality development, we recognise and support its growing role as a robust and strategic agent of development and modernisation in the Global South,” it said.
BRICS members also reaffirmed that they would continue working through the second half of 2025 to push forward these initiatives and strengthen coordination for a smooth transition to India’s presidency in 2026.
Finance Ministers and Central Bank Governors of BRICS countries met in Rio de Janeiro, Brazil, on July 5 under the theme, “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.”
Together, BRICS countries — Brazil, Russia, India, China and South Africa — account for nearly half of the world’s population, spread across four continents, and nearly 40 per cent of global GDP. The bloc has become more integrated with the world economy and now represents about a quarter of global trade and investment flows.
The joint statement underlined that more needs to be done to ensure the benefits of globalisation, economic growth and productivity are shared more equally.
According to a report by Rubix Data Sciences, total international trade (exports plus imports) of BRICS countries stood at USD 10.5 trillion in 2024, growing at a compound annual growth rate of 7.9 per cent between 2020 and 2024.
BRICS nations remain net exporters, collectively selling more goods abroad than they import, underlining their strong production capacity and growing clout in global trade.
The BRICS grouping, which brings together major emerging economies, has continued to expand its global footprint, adding new members and partners while outlining ambitious plans to deepen cooperation across sectors under Brazil’s ongoing chairship in 2025.
Originally coined as BRIC by Goldman Sachs in 2001 in its paper The World Needs Better Economic BRICs, the acronym referred to Brazil, Russia, India and China, which the firm projected would occupy larger shares of the global economy in the coming decades. The idea took formal shape in 2006, when the leaders of Russia, India and China met on the sidelines of the G8 Outreach Summit in St. Petersburg. That same year, the first BRIC Foreign Ministers’ meeting was held alongside the UN General Assembly in New York, setting the stage for structured dialogue.
The first BRIC Summit was hosted in Yekaterinburg, Russia, in 2009. The group became BRICS with the inclusion of South Africa in 2010. South Africa formally joined the third BRICS Summit held in Sanya in 2011.
More than a decade later, the bloc witnessed its most significant expansion yet. In January 2024, Egypt, Ethiopia, Iran and the United Arab Emirates became full members, followed by Indonesia’s entry as a full member in January 2025. Nine other countries — Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda and Uzbekistan — were inducted as BRICS partner countries this year, underlining the group’s growing influence in the Global South.
Together, the expanded BRICS now represents nearly half of the world’s population, contributes about 40 percent of global GDP, and accounts for roughly a quarter of global trade.
Two pillars of cooperation
BRICS functions through two broad mechanisms: consultations on issues of common interest through summits and ministerial meetings, and practical cooperation through working groups and senior officials in sectors such as trade, finance, health, education, science and technology, agriculture, environment, energy, labour, disaster management, anti-corruption and counter-narcotics efforts.
Business linkages are promoted through the BRICS Business Council and the BRICS Women Business Alliance, while other exchanges span parliamentary forums, conferences and people-to-people initiatives.
India’s 2021 chairship
India last held the chairship in 2021, coinciding with the 15th anniversary of the bloc. Operating under the theme ‘BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus’, India set priorities that focused on multilateral reform, counter-terrorism cooperation, digital tools for Sustainable Development Goals and wider people-to-people engagement.
Over 150 meetings were convened during India’s term, including the Leaders’ Summit held virtually on September 9, 2021, and meetings of Foreign Ministers, National Security Advisers and key sectoral ministers. Several new initiatives were launched, including the first BRICS Digital Health Summit, the first Water Ministers’ Meeting, the adoption of a Counter-Terrorism Action Plan, the launch of the BRICS Alliance for Green Tourism and the signing of an agreement on a BRICS Remote Sensing Satellite Constellation.
Brazil takes charge in 2025
Brazil assumed the BRICS chairship on January 1, 2025, under the theme ‘Strengthening Global South Cooperation for More Inclusive and Sustainable Governance’. Brazil’s agenda focuses on deepening partnerships within the Global South and enhancing social, economic and environmental development across member states.
The priorities for Brazil’s presidency include cooperation on global health, trade, investment and finance, climate change action, governance of artificial intelligence, institutional development and a push for reform of the global peace and security architecture.
Nearly 120 events are planned under Brazil’s chairship this year, signalling the group’s intent to maintain momentum on issues that resonate with emerging economies.
SHREWSBURY, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Lightchain AI a decentralized platform at the intersection of blockchain and artificial intelligence, today announced the launch of its Bonus Round following the successful completion of all 15 presale stages. The project has now raised $21 million, securing strong early participation ahead of its mainnet launch scheduled for July 2025.
The Bonus Round offers LCAI tokens at a fixed price of $0.007125, providing the final opportunity for early backers to acquire tokens before the platform transitions to public trading.
Strategic Presale Model Drives Community Growth
Lightchain AI’s presale was executed through 15 structured stages, gradually building investor interest and community alignment. Each phase contributed to a well-balanced token distribution, encouraging long-term support rather than short-term speculation. The Bonus Round now serves as the capstone to this structured fundraising process.
As part of its broader community-first approach, Lightchain AI eliminated the original 5% team token allocation, redirecting those tokens into developer grants and ecosystem expansion initiatives. This move reflects the project’s commitment to transparency and sustainability.
Building Infrastructure for Decentralized AI
At the core of Lightchain AI is the Artificial Intelligence Virtual Machine (AIVM), which allows on-chain execution of AI tasks. This architecture is supported by the Proof-of-Intelligence (PoI) consensus mechanism, rewarding validators for processing real-time AI computations rather than traditional hash-based mining.
The platform’s tokenomics have been structured to incentivize both contributors and long-term stakers:
40% allocated to presale
28.5% for staking rewards
Remainder distributed across liquidity, marketing, and development
This allocation supports stability and growth while maintaining a decentralized validator network.
Developer Tools and Grants Set for Release
Alongside the Bonus Round, Lightchain AI is preparing to roll out its Developer Portal, offering APIs, SDKs, and documentation to support dApp development within its AI-optimized environment. A $150,000 developer grant pool has also been established to support builders and early ecosystem contributors.
The project’s public GitHub repositories are scheduled to go live at mainnet, further reinforcing transparency and open-source collaboration.
Join the Bonus Round Before Mainnet Launch
The Bonus Round is now live, offering fixed token pricing following the successful completion of all 15 presale stages and over $21 million raised. This phase presents a final opportunity for early participants to join a decentralized, AI-driven blockchain ecosystem built on real infrastructure.
Key elements already in motion include public GitHub repositories, active developer grant programs, and the launch of a Meme Launchpad to encourage community innovation. Additionally, a reallocation of team tokens is now directed toward ecosystem incentives, reinforcing long-term growth objectives. With a mainnet launch scheduled for July 2025, this phase marks a critical step toward broader adoption and real-world application of scalable, intelligent blockchain solutions.
The Bonus Round will remain open for a limited time or until token allocation is completed.
Disclaimer:This content is provided byLightchain AI.The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented.We do not guarantee any claims, statements, or promises made in this article.This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital.It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.
Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
SHREWSBURY, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Lightchain AI a decentralized platform at the intersection of blockchain and artificial intelligence, today announced the launch of its Bonus Round following the successful completion of all 15 presale stages. The project has now raised $21 million, securing strong early participation ahead of its mainnet launch scheduled for July 2025.
The Bonus Round offers LCAI tokens at a fixed price of $0.007125, providing the final opportunity for early backers to acquire tokens before the platform transitions to public trading.
Strategic Presale Model Drives Community Growth
Lightchain AI’s presale was executed through 15 structured stages, gradually building investor interest and community alignment. Each phase contributed to a well-balanced token distribution, encouraging long-term support rather than short-term speculation. The Bonus Round now serves as the capstone to this structured fundraising process.
As part of its broader community-first approach, Lightchain AI eliminated the original 5% team token allocation, redirecting those tokens into developer grants and ecosystem expansion initiatives. This move reflects the project’s commitment to transparency and sustainability.
Building Infrastructure for Decentralized AI
At the core of Lightchain AI is the Artificial Intelligence Virtual Machine (AIVM), which allows on-chain execution of AI tasks. This architecture is supported by the Proof-of-Intelligence (PoI) consensus mechanism, rewarding validators for processing real-time AI computations rather than traditional hash-based mining.
The platform’s tokenomics have been structured to incentivize both contributors and long-term stakers:
40% allocated to presale
28.5% for staking rewards
Remainder distributed across liquidity, marketing, and development
This allocation supports stability and growth while maintaining a decentralized validator network.
Developer Tools and Grants Set for Release
Alongside the Bonus Round, Lightchain AI is preparing to roll out its Developer Portal, offering APIs, SDKs, and documentation to support dApp development within its AI-optimized environment. A $150,000 developer grant pool has also been established to support builders and early ecosystem contributors.
The project’s public GitHub repositories are scheduled to go live at mainnet, further reinforcing transparency and open-source collaboration.
Join the Bonus Round Before Mainnet Launch
The Bonus Round is now live, offering fixed token pricing following the successful completion of all 15 presale stages and over $21 million raised. This phase presents a final opportunity for early participants to join a decentralized, AI-driven blockchain ecosystem built on real infrastructure.
Key elements already in motion include public GitHub repositories, active developer grant programs, and the launch of a Meme Launchpad to encourage community innovation. Additionally, a reallocation of team tokens is now directed toward ecosystem incentives, reinforcing long-term growth objectives. With a mainnet launch scheduled for July 2025, this phase marks a critical step toward broader adoption and real-world application of scalable, intelligent blockchain solutions.
The Bonus Round will remain open for a limited time or until token allocation is completed.
Disclaimer:This content is provided byLightchain AI.The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented.We do not guarantee any claims, statements, or promises made in this article.This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital.It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.
Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Source: People’s Republic of China – State Council News
China to take measures against medical devices imported from EU in government procurement
BEIJING, July 6 — China will take relevant measures against medical devices imported from the European Union (EU) through government procurement projects in accordance with relevant laws and regulations, the Ministry of Finance said on Sunday.
When a purchaser buys medical devices with a budget of over 45 million yuan (about 6.29 million U.S. dollars), if it is indeed necessary to purchase imported products — after going through relevant legal procedures — the participation of EU enterprises (excluding EU-funded enterprises in China) should be excluded, the ministry said.
For non-EU enterprises participating in government procurement projects, the proportion of medical devices imported from the EU that they provide should not exceed 50 percent of the procurement’s total contract amount.
The above measures do not apply to procurement projects that can only be met by medical devices imported from the EU, according to the ministry.
This notice will come into effect on July 6, 2025. For procurement projects that have already announced winning bids or transaction results before July 6, the above measures don’t apply herein and government procurement contracts may continue to be signed, the ministry said.
A spokesperson for China’s commerce ministry commented on the issue on Sunday, noting that the European Commission introduced measures on June 20, 2025, which restrict Chinese enterprises and products from participating in EU’s public procurement of medical devices and continue to set up barriers for Chinese firms in public procurement.
The spokesperson said that China had repeatedly expressed through bilateral dialogue its willingness to resolve differences with the EU via such dialogue, and through consultation and bilateral government procurement arrangements.
Regrettably, despite China’s goodwill and sincerity, the EU has insisted on taking restrictive measures to build new protectionist barriers, the spokesperson noted.
“Therefore, China has no choice but to take reciprocal restrictive measures to safeguard the legitimate rights and interests of Chinese enterprises and maintain a fair competition environment,” said the spokesperson.
The ministry emphasized that China’s measures only apply to medical device products imported from the EU, and those produced by EU-funded enterprises in China are unaffected.
Source: People’s Republic of China – State Council News
China to take measures against medical devices imported from EU in government procurement
BEIJING, July 6 — China will take relevant measures against medical devices imported from the European Union (EU) through government procurement projects in accordance with relevant laws and regulations, the Ministry of Finance said on Sunday.
When a purchaser buys medical devices with a budget of over 45 million yuan (about 6.29 million U.S. dollars), if it is indeed necessary to purchase imported products — after going through relevant legal procedures — the participation of EU enterprises (excluding EU-funded enterprises in China) should be excluded, the ministry said.
For non-EU enterprises participating in government procurement projects, the proportion of medical devices imported from the EU that they provide should not exceed 50 percent of the procurement’s total contract amount.
The above measures do not apply to procurement projects that can only be met by medical devices imported from the EU, according to the ministry.
This notice will come into effect on July 6, 2025. For procurement projects that have already announced winning bids or transaction results before July 6, the above measures don’t apply herein and government procurement contracts may continue to be signed, the ministry said.
A spokesperson for China’s commerce ministry commented on the issue on Sunday, noting that the European Commission introduced measures on June 20, 2025, which restrict Chinese enterprises and products from participating in EU’s public procurement of medical devices and continue to set up barriers for Chinese firms in public procurement.
The spokesperson said that China had repeatedly expressed through bilateral dialogue its willingness to resolve differences with the EU via such dialogue, and through consultation and bilateral government procurement arrangements.
Regrettably, despite China’s goodwill and sincerity, the EU has insisted on taking restrictive measures to build new protectionist barriers, the spokesperson noted.
“Therefore, China has no choice but to take reciprocal restrictive measures to safeguard the legitimate rights and interests of Chinese enterprises and maintain a fair competition environment,” said the spokesperson.
The ministry emphasized that China’s measures only apply to medical device products imported from the EU, and those produced by EU-funded enterprises in China are unaffected.
Source: People’s Republic of China – State Council News
LANZHOU, July 6 – The 31st China Lanzhou Investment and Trade Fair opened on Sunday in Lanzhou, the capital of northwest China’s Gansu Province, attracting over 2,000 domestic and international enterprises.
This year’s fair features Indonesia as its guest country of honor. Participation has surpassed previous fairs, with representatives of over 20 nations, including Germany, Spain, Russia, Malaysia and Iran, attending alongside representatives of 18 Chinese municipalities, provinces and autonomous regions, as well as the Hong Kong Special Administrative Region.
The fair has four exhibition zones — covering international Silk Road cooperation, regional exchange, consumer goods, and featured Gansu industries — showcasing products across the fields of equipment manufacturing, petrochemicals, biomedicine, new materials, new energy, aerospace, agriculture, and data information, according to its organizers.
More than 30 forums and trade events have been scheduled for the fair.
Indonesian Ambassador to China Djauhari Oratmangun noted that Indonesia’s 16 attending enterprises were presenting coffee, foods, handicrafts and traditional batik, and expressed the hope that the two countries would deepen cooperation on renewable energy, modern agriculture and cultural tourism.
As Gansu’s flagship international economic event since 1993, the fair has this year secured deals for 1,181 investment projects totaling over 650 billion yuan (about 90.9 billion U.S. dollars) in sectors such as new energy equipment, agricultural processing, new materials, and digital technology.
Source: People’s Republic of China – State Council News
LANZHOU, July 6 – The 31st China Lanzhou Investment and Trade Fair opened on Sunday in Lanzhou, the capital of northwest China’s Gansu Province, attracting over 2,000 domestic and international enterprises.
This year’s fair features Indonesia as its guest country of honor. Participation has surpassed previous fairs, with representatives of over 20 nations, including Germany, Spain, Russia, Malaysia and Iran, attending alongside representatives of 18 Chinese municipalities, provinces and autonomous regions, as well as the Hong Kong Special Administrative Region.
The fair has four exhibition zones — covering international Silk Road cooperation, regional exchange, consumer goods, and featured Gansu industries — showcasing products across the fields of equipment manufacturing, petrochemicals, biomedicine, new materials, new energy, aerospace, agriculture, and data information, according to its organizers.
More than 30 forums and trade events have been scheduled for the fair.
Indonesian Ambassador to China Djauhari Oratmangun noted that Indonesia’s 16 attending enterprises were presenting coffee, foods, handicrafts and traditional batik, and expressed the hope that the two countries would deepen cooperation on renewable energy, modern agriculture and cultural tourism.
As Gansu’s flagship international economic event since 1993, the fair has this year secured deals for 1,181 investment projects totaling over 650 billion yuan (about 90.9 billion U.S. dollars) in sectors such as new energy equipment, agricultural processing, new materials, and digital technology.
London, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Amid a crypto landscape often defined by stress, speculation, and sleepless nights, SAVVY MINING has emerged with a smarter alternative: a secure, effortless, and transparent way to earn passive income—even while you sleep. The UK-based cloud mining platform, already trusted by over 8 million users globally, has launched a limited-time bonus event designed to welcome new users and reward long-time supporters with free computing power, daily payouts, and full automation.
A Simple Way to Profit Without Trading Stress
Volatility has always been part of the crypto world. While traders chase gains with risky timing and complex strategies, many everyday investors are now turning to more stable options. SAVVY MINING offers a way to earn from crypto without needing to monitor charts, buy dips, or worry about market cycles.
With no hardware required, users can register, choose a mining contract, and start earning daily income immediately. The entire process is beginner-friendly, and there’s no need for technical know-how or prior experience.
Protected with SSL encryption and cold wallet storage, SAVVY MINING prioritizes user trust and asset safety. Unlike platforms that operate in the shadows, this one is built on transparency, compliance, and 24/7 support.
Some standout features include:
Instant Start: Begin mining within minutes—no hardware, electricity, or maintenance.
Daily Income: Fixed daily returns are directly to your wallet.
Green Energy Mining: 100% renewable power via wind, solar, and hydro.
Global Mining Network: 80+ farms in stable regions, operating since 2017.
Zero Hidden Fees: Clear pricing, no surprise costs.
Multiple Currencies Supported: BTC, ETH, DOGE, LTC, XRP, and more.
Responsive Support: 24/7 customer care with 1–5 minute reply times.
New Bonus Event: Free Mining Power for All
As part of the new bonus campaign, SAVVY MINING is giving away $15 in free computing power for all new users. This allows anyone to try mining at zero cost and begin collecting passive income immediately. Additional perks include:
Daily Sign-In Rewards
Referral Bonuses
One-Click Mobile App Download (iOS & Android)
Whether you’re just testing the waters or ready to scale up, contract options range from 1-day free trials to high-yield 45-day plans.
One-click download of the official APP, supporting Apple and Android phones, it allows you to control your time, income, and future. (Download the mobile APP)
All contracts run automatically, meaning your crypto earns for you, not the other way around.
Sustainability with Every Block Mined
What sets SAVVY MINING further apart is its commitment to environmental responsibility. Every kilowatt powering their operations comes from green, renewable sources, aligning profit with purpose. As climate concerns grow, so does the demand for eco-conscious crypto solutions—and SAVVY MINING delivers both profit and peace of mind.
Ready to Make Your Crypto Work For You?
It’s no longer about timing the market—it’s about choosing the right system. With no maintenance, no guesswork, and guaranteed daily returns, SAVVY MINING is redefining what passive income looks like in the Web3 era.
Founded in 2017, SAVVY MINING is a trusted cloud mining platform serving over 8 million users worldwide. With a focus on transparency, security, and environmental sustainability, it offers a hassle-free way to earn passive income through automated crypto mining powered entirely by renewable energy.
London, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Amid a crypto landscape often defined by stress, speculation, and sleepless nights, SAVVY MINING has emerged with a smarter alternative: a secure, effortless, and transparent way to earn passive income—even while you sleep. The UK-based cloud mining platform, already trusted by over 8 million users globally, has launched a limited-time bonus event designed to welcome new users and reward long-time supporters with free computing power, daily payouts, and full automation.
A Simple Way to Profit Without Trading Stress
Volatility has always been part of the crypto world. While traders chase gains with risky timing and complex strategies, many everyday investors are now turning to more stable options. SAVVY MINING offers a way to earn from crypto without needing to monitor charts, buy dips, or worry about market cycles.
With no hardware required, users can register, choose a mining contract, and start earning daily income immediately. The entire process is beginner-friendly, and there’s no need for technical know-how or prior experience.
Protected with SSL encryption and cold wallet storage, SAVVY MINING prioritizes user trust and asset safety. Unlike platforms that operate in the shadows, this one is built on transparency, compliance, and 24/7 support.
Some standout features include:
Instant Start: Begin mining within minutes—no hardware, electricity, or maintenance.
Daily Income: Fixed daily returns are directly to your wallet.
Green Energy Mining: 100% renewable power via wind, solar, and hydro.
Global Mining Network: 80+ farms in stable regions, operating since 2017.
Zero Hidden Fees: Clear pricing, no surprise costs.
Multiple Currencies Supported: BTC, ETH, DOGE, LTC, XRP, and more.
Responsive Support: 24/7 customer care with 1–5 minute reply times.
New Bonus Event: Free Mining Power for All
As part of the new bonus campaign, SAVVY MINING is giving away $15 in free computing power for all new users. This allows anyone to try mining at zero cost and begin collecting passive income immediately. Additional perks include:
Daily Sign-In Rewards
Referral Bonuses
One-Click Mobile App Download (iOS & Android)
Whether you’re just testing the waters or ready to scale up, contract options range from 1-day free trials to high-yield 45-day plans.
One-click download of the official APP, supporting Apple and Android phones, it allows you to control your time, income, and future. (Download the mobile APP)
All contracts run automatically, meaning your crypto earns for you, not the other way around.
Sustainability with Every Block Mined
What sets SAVVY MINING further apart is its commitment to environmental responsibility. Every kilowatt powering their operations comes from green, renewable sources, aligning profit with purpose. As climate concerns grow, so does the demand for eco-conscious crypto solutions—and SAVVY MINING delivers both profit and peace of mind.
Ready to Make Your Crypto Work For You?
It’s no longer about timing the market—it’s about choosing the right system. With no maintenance, no guesswork, and guaranteed daily returns, SAVVY MINING is redefining what passive income looks like in the Web3 era.
Founded in 2017, SAVVY MINING is a trusted cloud mining platform serving over 8 million users worldwide. With a focus on transparency, security, and environmental sustainability, it offers a hassle-free way to earn passive income through automated crypto mining powered entirely by renewable energy.
London, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Amid a crypto landscape often defined by stress, speculation, and sleepless nights, SAVVY MINING has emerged with a smarter alternative: a secure, effortless, and transparent way to earn passive income—even while you sleep. The UK-based cloud mining platform, already trusted by over 8 million users globally, has launched a limited-time bonus event designed to welcome new users and reward long-time supporters with free computing power, daily payouts, and full automation.
A Simple Way to Profit Without Trading Stress
Volatility has always been part of the crypto world. While traders chase gains with risky timing and complex strategies, many everyday investors are now turning to more stable options. SAVVY MINING offers a way to earn from crypto without needing to monitor charts, buy dips, or worry about market cycles.
With no hardware required, users can register, choose a mining contract, and start earning daily income immediately. The entire process is beginner-friendly, and there’s no need for technical know-how or prior experience.
Protected with SSL encryption and cold wallet storage, SAVVY MINING prioritizes user trust and asset safety. Unlike platforms that operate in the shadows, this one is built on transparency, compliance, and 24/7 support.
Some standout features include:
Instant Start: Begin mining within minutes—no hardware, electricity, or maintenance.
Daily Income: Fixed daily returns are directly to your wallet.
Green Energy Mining: 100% renewable power via wind, solar, and hydro.
Global Mining Network: 80+ farms in stable regions, operating since 2017.
Zero Hidden Fees: Clear pricing, no surprise costs.
Multiple Currencies Supported: BTC, ETH, DOGE, LTC, XRP, and more.
Responsive Support: 24/7 customer care with 1–5 minute reply times.
New Bonus Event: Free Mining Power for All
As part of the new bonus campaign, SAVVY MINING is giving away $15 in free computing power for all new users. This allows anyone to try mining at zero cost and begin collecting passive income immediately. Additional perks include:
Daily Sign-In Rewards
Referral Bonuses
One-Click Mobile App Download (iOS & Android)
Whether you’re just testing the waters or ready to scale up, contract options range from 1-day free trials to high-yield 45-day plans.
One-click download of the official APP, supporting Apple and Android phones, it allows you to control your time, income, and future. (Download the mobile APP)
All contracts run automatically, meaning your crypto earns for you, not the other way around.
Sustainability with Every Block Mined
What sets SAVVY MINING further apart is its commitment to environmental responsibility. Every kilowatt powering their operations comes from green, renewable sources, aligning profit with purpose. As climate concerns grow, so does the demand for eco-conscious crypto solutions—and SAVVY MINING delivers both profit and peace of mind.
Ready to Make Your Crypto Work For You?
It’s no longer about timing the market—it’s about choosing the right system. With no maintenance, no guesswork, and guaranteed daily returns, SAVVY MINING is redefining what passive income looks like in the Web3 era.
Founded in 2017, SAVVY MINING is a trusted cloud mining platform serving over 8 million users worldwide. With a focus on transparency, security, and environmental sustainability, it offers a hassle-free way to earn passive income through automated crypto mining powered entirely by renewable energy.
Potomac, Maryland, July 06, 2025 (GLOBE NEWSWIRE) — As global interest in crypto asset investment continues to heat up, more and more investors are beginning to pay attention to a core issue: How to make the digital currency in your hands not only “lying in your wallet” but also creating a stable cash flow? As one of the world’s leading intelligent cloud mining platforms, FIND MINING is using clean energy mines covering the world and safe and transparent cloud mining solutions to provide new answers for fans of tokens such as Bitcoin (BTC), Dogecoin (DOGE) and Ripple (XRP).
FIND MINING is the world’s leading intelligent cloud mining service provider, committed to enabling every crypto asset holder in the world to easily obtain sustainable passive income through green energy, efficient computing power and smart contracts.
Features of FIND MINING
FIND MINING adheres to the concept of “making every digital asset continue to appreciate” and provides users of every level with a safe, efficient and truly profitable mining experience. Its main features include:
Military-grade security protection The platform integrates McAfee® and Cloudflare® dual security technologies to comprehensively protect user data and mining activities and effectively defend against network threats.
Zero management fee, 100% profit transparency Different from the common hidden charges in the industry, FIND MINING adheres to the policy of no management fees. All income is clearly traceable and users’ income is under their control.
Stable operation, full escort 100% uptime guarantee and 24/7 multilingual technical support ensure continuous stable mining and uninterrupted profits.
Flexible mining of multiple currencies It supports more than 13 mainstream cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, etc. Users can freely choose mining targets based on market dynamics.
Immediate income, easy start New users can enjoy a $15 bonus upon registration and receive a basic income of $0.6 per day. No upfront investment is required and you can start your mining journey with just one click.
FIND MINING lowers the industry threshold through technological innovation, allowing every user to easily participate in digital asset mining and share the dividends of blockchain development.
How to start using FIND MINING to start free AI cloud mining
FIND MINING provides you with a simple cloud mining experience. You can easily start in just three steps:
Step 1: Choose a reliable cloud mining platform
FIND MINING offers a $15 free mining plan, allowing you to easily participate without purchasing expensive hardware. The plan earns a stable $0.60 passive income every day, with zero cost and zero risk, making it an ideal choice for beginners.
All you need is an email address to complete the registration process, which takes less than a minute. After successful registration, you will immediately receive a $15 registration bonus and enter the intuitive mining dashboard to view your earnings at any time.
Step 3: Flexibly choose mining contracts
FIND MINING provides a variety of contract options to suit different investment needs. All contracts guarantee fixed income and transparent returns, ensuring that you can achieve stable and predictable daily mining income, transparent, safe, efficient and profitable mining experience
FIND MINING provides a variety of mining contracts. Each contract provides differentiated profit plans based on computing power value, investment amount and operation period. For more contracts, please visit https://findmining.com
Why FIND MINING has become the world’s top cloud mining platform
As the world’s leading new energy computing power platform, FINDMINING provides sustainable crypto asset returns to global users.
Since its establishment, FINDMINING has deployed more than 135 advanced data centers in Europe, North America and Asia, widely using renewable energy such as wind and solar energy, truly achieving a dual balance between low-carbon environmental protection and efficient computing power. The platform service covers 175 countries and regions, with more than 9.4 million registered users worldwide, and continues to provide global users with a stable and traceable source of passive income from cryptocurrency.
FIND MINING takes care of all technical aspects for you – from professional mining machine operation and maintenance to energy cost optimization, completely eliminating the trouble of equipment maintenance and power management. You only need to focus on revenue growth, and we will provide you with a simple and efficient mining experience with professional technical guarantees, so that every investment can get the maximum return.
Will FIND MINING become the next industry trend in the cryptocurrency field?
The rapid rise of FIND MINING marks a profound change in the way people participate in cryptocurrency mining, and is expected to lead the industry into a new stage. The following core advantages may make FIND MINING the next industry benchmark in the field of cryptocurrency mining:
Compliance certification, safe and reliable As a platform approved by regulators, FIND MINING has solid guarantees in terms of legality and security, effectively solving the trust and compliance issues that have plagued cloud mining for many years and providing users with a more reliable mining environment.
Green and sustainable, in line with the trend of the times FIND MINING significantly reduces the reliance on traditional high-energy consumption mining models through energy-saving and efficient cloud mining solutions, helps reduce carbon emissions and protect the environment, meets the new demands of global investors for sustainable development, and is an ideal choice under the concept of environmental protection.
High adoption rate and huge market potential As more and more individual and institutional investors seek to obtain sustainable passive income through cloud mining, FIND MINING is expected to gain wider market recognition and user growth in the coming years with its convenient and easy-to-use services and stable returns.
Low threshold, high return, outstanding competitiveness Unlike traditional mining, which requires expensive mining machine purchases, site construction, and electricity consumption, FIND MINING provides users with a more cost-effective mining alternative through a cloud mining solution with a low threshold and no hardware investment, helping more people share mining benefits with lower risks.
Final Thoughts
The innovative cloud mining model advocated by FIND MINING is reshaping the cryptocurrency mining industry, making this field more convenient, safe and sustainable. With zero-cost entry, stable daily income and friendly operation experience, FIND MINING provides an attractive option for users who want to earn passive income through mainstream currencies such as Bitcoin (BTC), Dogecoin (DOGE), and Ripple (XRP).
As the cryptocurrency industry continues to grow and develop, FIND MINING is becoming an important force that cannot be ignored in the cloud mining track, providing a more flexible and efficient alternative to the traditional high-threshold, high-cost mining model. Whether you are a novice user who is new to crypto mining or a senior investor who is looking for low-risk, high-return opportunities, FIND MINING is worth considering and may become the next potential project in the cryptocurrency field.
Disclaimer: The information provided in this press release is for reference only and does not constitute an investment invitation, financial advice, or trade recommendation. Cryptocurrency mining and staking involve risks and may result in financial losses. We strongly recommend conducting thorough due diligence and consulting professional financial advisors before engaging in cryptocurrency or securities investments and trades.
Potomac, Maryland, July 06, 2025 (GLOBE NEWSWIRE) — As global interest in crypto asset investment continues to heat up, more and more investors are beginning to pay attention to a core issue: How to make the digital currency in your hands not only “lying in your wallet” but also creating a stable cash flow? As one of the world’s leading intelligent cloud mining platforms, FIND MINING is using clean energy mines covering the world and safe and transparent cloud mining solutions to provide new answers for fans of tokens such as Bitcoin (BTC), Dogecoin (DOGE) and Ripple (XRP).
FIND MINING is the world’s leading intelligent cloud mining service provider, committed to enabling every crypto asset holder in the world to easily obtain sustainable passive income through green energy, efficient computing power and smart contracts.
Features of FIND MINING
FIND MINING adheres to the concept of “making every digital asset continue to appreciate” and provides users of every level with a safe, efficient and truly profitable mining experience. Its main features include:
Military-grade security protection The platform integrates McAfee® and Cloudflare® dual security technologies to comprehensively protect user data and mining activities and effectively defend against network threats.
Zero management fee, 100% profit transparency Different from the common hidden charges in the industry, FIND MINING adheres to the policy of no management fees. All income is clearly traceable and users’ income is under their control.
Stable operation, full escort 100% uptime guarantee and 24/7 multilingual technical support ensure continuous stable mining and uninterrupted profits.
Flexible mining of multiple currencies It supports more than 13 mainstream cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, etc. Users can freely choose mining targets based on market dynamics.
Immediate income, easy start New users can enjoy a $15 bonus upon registration and receive a basic income of $0.6 per day. No upfront investment is required and you can start your mining journey with just one click.
FIND MINING lowers the industry threshold through technological innovation, allowing every user to easily participate in digital asset mining and share the dividends of blockchain development.
How to start using FIND MINING to start free AI cloud mining
FIND MINING provides you with a simple cloud mining experience. You can easily start in just three steps:
Step 1: Choose a reliable cloud mining platform
FIND MINING offers a $15 free mining plan, allowing you to easily participate without purchasing expensive hardware. The plan earns a stable $0.60 passive income every day, with zero cost and zero risk, making it an ideal choice for beginners.
All you need is an email address to complete the registration process, which takes less than a minute. After successful registration, you will immediately receive a $15 registration bonus and enter the intuitive mining dashboard to view your earnings at any time.
Step 3: Flexibly choose mining contracts
FIND MINING provides a variety of contract options to suit different investment needs. All contracts guarantee fixed income and transparent returns, ensuring that you can achieve stable and predictable daily mining income, transparent, safe, efficient and profitable mining experience
FIND MINING provides a variety of mining contracts. Each contract provides differentiated profit plans based on computing power value, investment amount and operation period. For more contracts, please visit https://findmining.com
Why FIND MINING has become the world’s top cloud mining platform
As the world’s leading new energy computing power platform, FINDMINING provides sustainable crypto asset returns to global users.
Since its establishment, FINDMINING has deployed more than 135 advanced data centers in Europe, North America and Asia, widely using renewable energy such as wind and solar energy, truly achieving a dual balance between low-carbon environmental protection and efficient computing power. The platform service covers 175 countries and regions, with more than 9.4 million registered users worldwide, and continues to provide global users with a stable and traceable source of passive income from cryptocurrency.
FIND MINING takes care of all technical aspects for you – from professional mining machine operation and maintenance to energy cost optimization, completely eliminating the trouble of equipment maintenance and power management. You only need to focus on revenue growth, and we will provide you with a simple and efficient mining experience with professional technical guarantees, so that every investment can get the maximum return.
Will FIND MINING become the next industry trend in the cryptocurrency field?
The rapid rise of FIND MINING marks a profound change in the way people participate in cryptocurrency mining, and is expected to lead the industry into a new stage. The following core advantages may make FIND MINING the next industry benchmark in the field of cryptocurrency mining:
Compliance certification, safe and reliable As a platform approved by regulators, FIND MINING has solid guarantees in terms of legality and security, effectively solving the trust and compliance issues that have plagued cloud mining for many years and providing users with a more reliable mining environment.
Green and sustainable, in line with the trend of the times FIND MINING significantly reduces the reliance on traditional high-energy consumption mining models through energy-saving and efficient cloud mining solutions, helps reduce carbon emissions and protect the environment, meets the new demands of global investors for sustainable development, and is an ideal choice under the concept of environmental protection.
High adoption rate and huge market potential As more and more individual and institutional investors seek to obtain sustainable passive income through cloud mining, FIND MINING is expected to gain wider market recognition and user growth in the coming years with its convenient and easy-to-use services and stable returns.
Low threshold, high return, outstanding competitiveness Unlike traditional mining, which requires expensive mining machine purchases, site construction, and electricity consumption, FIND MINING provides users with a more cost-effective mining alternative through a cloud mining solution with a low threshold and no hardware investment, helping more people share mining benefits with lower risks.
Final Thoughts
The innovative cloud mining model advocated by FIND MINING is reshaping the cryptocurrency mining industry, making this field more convenient, safe and sustainable. With zero-cost entry, stable daily income and friendly operation experience, FIND MINING provides an attractive option for users who want to earn passive income through mainstream currencies such as Bitcoin (BTC), Dogecoin (DOGE), and Ripple (XRP).
As the cryptocurrency industry continues to grow and develop, FIND MINING is becoming an important force that cannot be ignored in the cloud mining track, providing a more flexible and efficient alternative to the traditional high-threshold, high-cost mining model. Whether you are a novice user who is new to crypto mining or a senior investor who is looking for low-risk, high-return opportunities, FIND MINING is worth considering and may become the next potential project in the cryptocurrency field.
Disclaimer: The information provided in this press release is for reference only and does not constitute an investment invitation, financial advice, or trade recommendation. Cryptocurrency mining and staking involve risks and may result in financial losses. We strongly recommend conducting thorough due diligence and consulting professional financial advisors before engaging in cryptocurrency or securities investments and trades.
London, UK, July 06, 2025 (GLOBE NEWSWIRE) — BTC Miner is a free cloud mining platform based in London, UK, providing a secure cryptocurrency mining solution with no maintenance, no equipment, and no experience required. It provides mining services for multiple currencies such as Bitcoin, Dogecoin, Litecoin, etc. The company is pleased to announce the launch of a new mobile app. The timely release of the app enables users to access and manage their cloud mining investments anytime and anywhere, further promoting the democratization of cryptocurrency mining.
BTC Miner is a modern cloud mining platform that takes care of everything for you. Instead of placing noisy machines at home or working as an electrician, you rent computing power from BTC Miner’s high-tech global data centers. Say goodbye to the trouble of overheating equipment and searching for technical support on forums. With BTC Miner, you don’t have to install anything. They run powerful mining equipment in top-notch facilities with industrial-grade cooling and security. Everything is hands-off – you just log in to the control panel to see your daily income accumulate. They do all the actual mining for you, while you just watch your Bitcoin balance grow. Earn passive income. BTC Miner allows you to earn Bitcoin every day – without having to buy, maintain, or even touch any hardware. It’s like hiring a professional to work on your farm while you relax and enjoy the harvest.
How to start mining in minutes? BTC Miner’s process is so simple that anyone can get started:
Free registration Visit the website https://btcminer.net enter your email address and create an account to get an immediate $500 bonus.
Choose a contract Choose the right contract type – flexible terms and transparent profitability.
Automatic mining Once the contract is activated, the system will automatically start mining – no action required.
Daily accumulated earnings Earnings are calculated every 24 hours and displayed in real time in the dashboard.
Online contracts, no equipment required
No software installation or technical experience required High-performance mining farms around the world operate 24/7 Earnings are automatically credited to your account – truly “easy money”
The platform supports a variety of crypto assets: BTC, ETH, USDT (ERC-20 and TRC-20), LTC, XRP, SOL, BCH, USDC, etc. This provides flexibility for global investors.
This is a unique opportunity to experience the real benefits of mining without investing. The earnings are yours, and all expenses are borne by the platform. This is an ideal choice for beginners – no risk, no pressure.
Don’t forget to share your exclusive link to open an additional source of income!
BTC Miner Affiliate Program: Double your income and expand your business The platform uses a two-level referral system to allow you to earn passive income: Direct invitation: 7% Indirect (second-level referral): 2% The more people you invite, the higher your income. There is no commission limit. No need to upgrade your account or perform any complex operations – just share the link to get rewards. This is the real “recommended income”.
Cloud Mining: A New Model for Cryptocurrency Income More and more investors are realizing that cloud mining is a more efficient and convenient way to earn cryptocurrency. It eliminates technical barriers and risks, giving everyone the opportunity to participate.
Advantages of BTC Miner: – Officially registered in the UK, legally operated – Automated system, stable operation 24/7 – Welcome bonus, daily distribution and affiliate program – triple income source
Summary: Join the cloud mining revolution BTC Miner has changed the way cryptocurrency earns: no trading, no technical knowledge, no equipment – just register, activate the contract, and you can earn money every day. Want to earn Bitcoin income with zero risk? BTC Miner is the best choice to passive income.
Get a $500 cloud mining reward now and start earning!
Visit the official website: https://btcminer.net/ or download the BTC Mining mobile app to join the cloud mining revolution. With this new mobile app, managing your cryptocurrency investments will be easier and safer than ever before. If you have any questions, please email: info@btcminer.net
The Family Online Safety Institute (FOSI) recently released its annual Online Safety Survey that discovered almost 50 per cent of parents surveyed aren’t using parental controls to manage their children’s devices. These are tools that would ostensibly help parents filter out inappropriate content or unwanted interactions on their children’s devices.
The FOSI authors conclude the reason parents aren’t using the tools is because they feel “overwhelmed” and recommend parents educate themselves as a good first step toward broader use.
While overwhelm is a real thing, we suggest a bigger problem with parental controls is how they are designed. This includes how little attention is given to supporting open communication between parents and children.
We also asked their parents how they mediated their kids’ gaming. Nearly half of them don’t use parental controls either. They say parental controls don’t always work as promised, offer little context about how settings affect gameplay and force binary choices that don’t align with household rules or with children’s maturity levels.
The parents we asked said they aren’t avoiding parental controls because they feel overwhelmed by them. It’s that the tools are poorly designed.
Parent controls can introduce more problems
At the same time, many of the parents described themselves as highly engaged in their child’s gameplay; talking with their children regularly or encouraging play in shared, supervised spaces. Several said they choose to trust their child rather than set top-down limits.
Our findings align with previous research on digital parenting. In one British study, parents said they felt some controls were valuable supplements to mediation, while other controls were poorly designed, introducing more problems than solutions.
The use of parental controls doesn’t necessarily translate to increased child safety. In fact, using parental controls can create a disconnect between parents and children on key safety issues.
Awareness of risks
Six children we interviewed were not aware their parents were using controls, and at least two children revealed they didn’t even know why a parent would use parental controls in the first place. In this context, parents’ efforts to protect their children had the unintended side effect of obscuring vital knowledge, leaving the children unaware of some of the key risks associated with playing online. Parental controls can remove opportunities to teach kids about safety if they aren’t part of the conversation.
We believe that the behind-the-scenes protections enabled by (some) parental controls can be detrimental to parent-child communication about online safety. What are the risks? How can children avoid the riskiest behaviour? What should they do when or if they’ve encountered danger?
Meanwhile, parents aren’t always familiar with the features and activities they are asked to restrict or allow. Very few parental controls contain information about how gameplay will be impacted by their settings. Many contain terms only someone familiar with the game would understand, while others are hard to navigate.
All of this can lead to misinterpretations and parent-child conflicts, making the tools even harder to use.
Power of communication
Open communication between parents and children on safety topics fosters trust, which increases the likelihood kids will turn to their parents for help when something dangerous happens.
It enables children to build resiliency, which in turn reduces the risk they’ll be harmed by negative online encounters.
The importance of open communication is also emphasized in the FOSI report. In households where conversations about online safety happened regularly (six times or more a year), parents and children were both more likely to view parental controls as a useful and valuable tool for online safety.
On this point, we couldn’t agree more. Families would benefit from making parental controls and safety settings a family affair. Kids and parents have a lot to learn from each other about the digital world, and reviewing these systems together can provide a much-needed opening for crucial conversations about risk, safety and what kids find meaningful about digital play.
Rethinking safety tools
Let’s not pretend parental controls are a panacea for child safety.
Many parental controls contain serious design flaws and limitations. Very few comprehensively address the needs and concerns of either children or their parents.
Now that lawmakers are starting to make parental controls a mandatory part of new child safety legislation, we urgently need to start taking a closer and more critical look at what they can and can’t do.
Parental controls can be a useful tool when they are designed well, applied with transparency, and provide families with ample options so they can be tailored to not only fit with but foster household rules and open communication.
There’s a lot of work to be done before this is the standard. But also a growing impetus for game and other tech companies to make it happen.
Sara M. Grimes receives funding from the Social Sciences and Humanities Research Council (SSHRC) of Canada,
Riley McNair does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
When practiced with integrity, mindfulness and self-compassion can improve the collective well-being and personal agency of employees.(Shutterstock)
Mindfulness and self-compassion have become popular tools for improving mental health and well-being in the workplace. Mindfulness involves paying attention to thoughts, emotions and surroundings without judgment, much like watching clouds pass in the sky. This moment-to-moment awareness helps people respond skilfully rather than react automatically.
Both mindfulness and self-compassion can be practised formally through meditations like body scans, breath awareness or loving-kindness meditation, and informally by bringing mindful attention to mind, emotions and everyday activities.
Both practices have the potential to transform dysfunctional workplaces by improving the collective well-being and personal agency of employees.
Yet too often, these practices are introduced superficially to boost productivity and performance, rather than used to address the root causes of workplace stress. It’s a pattern I’ve witnessed repeatedly in my years as a mindfulness teacher and researcher.
This brings into question whether these practices can thrive in capitalist systems that prioritize profit over people. But rather than rejecting mindfulness and self-compassion as incompatible with capitalism, I argue we need a more thoughtful framework that stays true to their essence while tackling common misunderstandings and misuses.
How capitalism is co-opting mindfulness
Academic and practitioner critics have raised concerns about how mindfulness and self-compassion practices are being integrated into corporate life.
If organizations want to reap the full benefits of mindfulness and self-compassion, they need to take a more deliberate, systemic approach. (Unsplash/Redd Francisco)
While these critiques raise valid concerns, they often create more confusion and resistance than meaningful dialogue or practical solutions for implementing mindfulness and self-compassion in the workplace.
Employees who develop mindfulness and self-compassion skills tend to respond in three main ways, according to research.
First, they become more aware of dysfunction in the workplace. This awareness can empower them to speak up and advocate for change if it’s within their control and in their own interest. It can also cause them to engage in more ethical practices, especially in toxic work environments.
And for employers hoping mindfulness will instantly boost engagement or drive performance, research shows employees may actually become more critical of their work and less willing to perform mundane tasks.
Towards true workplace transformation
Mindfulness alone cannot fix a toxic workplace. When organizations introduce mindfulness programs without first addressing the underlying causes of stress or toxicity, they’re unlikely to see the results they expect.
If organizations want to reap the full benefits of mindfulness and self-compassion, they need to take a more deliberate, structured approach. Psychologist Kurt Lewin’s three-step change management model offers a useful guide:
Step 1. Unfreeze: Address the root causes of workplace stress
Address systemic stressors. Before introducing any well-being initiative, organizations must confront actual sources of stress such as excessive workloads, toxic leadership and job insecurity.
Without addressing the systemic causes of stress, mindfulness practices can prove ineffective. (Shutterstock)
Step 2. Change: Implement practices ethically and intentionally
Lead by example at the top. Instead of only offering these programs to employees, leaders should engage with mindfulness and self-compassion practices themselves. When senior figures lead by example, these programs gain legitimacy and workplaces foster more ethical, people-centered leadership that goes beyond performance and productivity.
Ensure cultural sensitivity. Small cultural adaptations can improve the inclusion of mindfulness and self-compassion sessions. For instance, research has found that in Hispanic communities, using familiar stories or proverbs can make mindfulness sessions more relatable and improve engagement.
Preserve ethical foundations. Present mindfulness and self-compassion as universal practices, not tied to any one religion. This preserves their ethical underpinnings while ensuring they remain universal and accessible to all.
Step 3. Freeze: Embed mindfulness and self-compassion into workplace culture
Encourage small, daily practices. Offer simple tools like journaling or mindful breathing breaks that employees can tailor to their own needs and schedules.
Provide ongoing support. Create time and space for continued practice, such as guided meditations, mindfulness moments in meetings or gratitude boards so new habits take root.
Measure impact holistically. Consider hiring qualified professionals to evaluate program effectiveness, address emerging needs and keep the organization moving forward.
Moving beyond wellness window-dressing
Mindfulness and self-compassion are not magic bullets, but they can still be powerful catalysts for change.
When introduced with a deliberate and thoughtful approach, mindfulness and self-compassion can help workplaces move beyond shallow wellness “hacks” toward truly transformative practices, even in high-pressure, profit-driven environments.
The true value of mindfulness and self-compassion practices lies not in short-term outcomes or surface-level improvements, but in helping individuals be more aware of themselves, their surroundings and the choices they make, which is beyond any outcome or context.
Yasemin Pacaci does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
When practiced with integrity, mindfulness and self-compassion can improve the collective well-being and personal agency of employees.(Shutterstock)
Mindfulness and self-compassion have become popular tools for improving mental health and well-being in the workplace. Mindfulness involves paying attention to thoughts, emotions and surroundings without judgment, much like watching clouds pass in the sky. This moment-to-moment awareness helps people respond skilfully rather than react automatically.
Both mindfulness and self-compassion can be practised formally through meditations like body scans, breath awareness or loving-kindness meditation, and informally by bringing mindful attention to mind, emotions and everyday activities.
Both practices have the potential to transform dysfunctional workplaces by improving the collective well-being and personal agency of employees.
Yet too often, these practices are introduced superficially to boost productivity and performance, rather than used to address the root causes of workplace stress. It’s a pattern I’ve witnessed repeatedly in my years as a mindfulness teacher and researcher.
This brings into question whether these practices can thrive in capitalist systems that prioritize profit over people. But rather than rejecting mindfulness and self-compassion as incompatible with capitalism, I argue we need a more thoughtful framework that stays true to their essence while tackling common misunderstandings and misuses.
How capitalism is co-opting mindfulness
Academic and practitioner critics have raised concerns about how mindfulness and self-compassion practices are being integrated into corporate life.
If organizations want to reap the full benefits of mindfulness and self-compassion, they need to take a more deliberate, systemic approach. (Unsplash/Redd Francisco)
While these critiques raise valid concerns, they often create more confusion and resistance than meaningful dialogue or practical solutions for implementing mindfulness and self-compassion in the workplace.
Employees who develop mindfulness and self-compassion skills tend to respond in three main ways, according to research.
First, they become more aware of dysfunction in the workplace. This awareness can empower them to speak up and advocate for change if it’s within their control and in their own interest. It can also cause them to engage in more ethical practices, especially in toxic work environments.
And for employers hoping mindfulness will instantly boost engagement or drive performance, research shows employees may actually become more critical of their work and less willing to perform mundane tasks.
Towards true workplace transformation
Mindfulness alone cannot fix a toxic workplace. When organizations introduce mindfulness programs without first addressing the underlying causes of stress or toxicity, they’re unlikely to see the results they expect.
If organizations want to reap the full benefits of mindfulness and self-compassion, they need to take a more deliberate, structured approach. Psychologist Kurt Lewin’s three-step change management model offers a useful guide:
Step 1. Unfreeze: Address the root causes of workplace stress
Address systemic stressors. Before introducing any well-being initiative, organizations must confront actual sources of stress such as excessive workloads, toxic leadership and job insecurity.
Without addressing the systemic causes of stress, mindfulness practices can prove ineffective. (Shutterstock)
Step 2. Change: Implement practices ethically and intentionally
Lead by example at the top. Instead of only offering these programs to employees, leaders should engage with mindfulness and self-compassion practices themselves. When senior figures lead by example, these programs gain legitimacy and workplaces foster more ethical, people-centered leadership that goes beyond performance and productivity.
Ensure cultural sensitivity. Small cultural adaptations can improve the inclusion of mindfulness and self-compassion sessions. For instance, research has found that in Hispanic communities, using familiar stories or proverbs can make mindfulness sessions more relatable and improve engagement.
Preserve ethical foundations. Present mindfulness and self-compassion as universal practices, not tied to any one religion. This preserves their ethical underpinnings while ensuring they remain universal and accessible to all.
Step 3. Freeze: Embed mindfulness and self-compassion into workplace culture
Encourage small, daily practices. Offer simple tools like journaling or mindful breathing breaks that employees can tailor to their own needs and schedules.
Provide ongoing support. Create time and space for continued practice, such as guided meditations, mindfulness moments in meetings or gratitude boards so new habits take root.
Measure impact holistically. Consider hiring qualified professionals to evaluate program effectiveness, address emerging needs and keep the organization moving forward.
Moving beyond wellness window-dressing
Mindfulness and self-compassion are not magic bullets, but they can still be powerful catalysts for change.
When introduced with a deliberate and thoughtful approach, mindfulness and self-compassion can help workplaces move beyond shallow wellness “hacks” toward truly transformative practices, even in high-pressure, profit-driven environments.
The true value of mindfulness and self-compassion practices lies not in short-term outcomes or surface-level improvements, but in helping individuals be more aware of themselves, their surroundings and the choices they make, which is beyond any outcome or context.
Yasemin Pacaci does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
I interviewed more than two dozen senior leaders in complex organizations in Canada, the United Kingdom, Australia and New Zealand — the majority of whom were in the post-secondary sector. I found the leaders I interviewed were intuitively using elements from Weick’s organizational sense-making framework.
As one leader shared:
“The first thing you need to do is to recognize that it’s your role to help the rest of your community make sense of what’s happening around you. It’s something that I take very seriously.”
“Sense-making is most often needed when our understanding of the world becomes unintelligible in some way. This occurs when the environment is changing rapidly, presenting us with surprises for which we are unprepared or confronting us with adaptive, rather than technical problems to solve.”
Leading in ‘age of outrage’
Social-purpose organizations face common issues such as a lack of funding, system fragmentation, competing stakeholders, new entrants and the challenges of emerging technologies.
I heard from leaders who felt they didn’t have the proper training for the job or support once they started their roles. In part, this is because few of them, including those involved in their hiring, seem to realize the actual messiness inherent within their organizations.
I heard from various leaders who experienced an “aha” moment when they realized they were immersed within a fluid and dynamic organizational environment that they were expected to run like a traditional business. This realization gave them a framework to understand the lack of agency they often experienced.
The challenge with social-purpose organizations is that they’re complex adaptive systems in which individual interactions form an ever-changing array of networks generating emergent behaviours that are often unpredictable. Complex adaptive systems also tend to revert to the status quo when faced with change.
So how do social-purpose leaders navigate change and this challenging organizational context? They wrap their efforts around purpose. It’s an anchor point and unifying focus for leaders, teams and all stakeholders.
4 strategies
Based on my research, I’ve identified four main sense-making strategies that leaders use:
Exploration and map-making: These pursuits help leaders extract a steady flow of information and data from their interactions both inside and outside their organizations. This allows them to develop high-level, adaptive frameworks that are constantly in flux — similar to Google Maps, as it generates live snapshots of traffic flows and suggested routes.
Storytelling and narrative development: Leaders use storytelling and narrative development to project ideas, purposes and visions into the future. This allows them to connect emotionally and inspire people and communities. Recognizing their role as storyteller-in-chief can align disparate parts of an organization into a coherent and engaged whole.
Invention and improvisation: These are employed by leaders to test assumptions as they learn what works and what doesn’t. This approach allows them to respond in real time to the never-ending flow of new information. Without taking risks, leaders are at risk of being stuck in paralysis.
Adaptation and collaboration allows leaders to help their organizations remain relevant. Leaders spoke about the need to foster adaptation. They also stressed the need to attract new resources through collaboration across like-minded institutions, governments, funding partners and the private sector.
Time and energy — two scarce resources — are necessary to build aligned and high-performing teams and to break down silos. Team alignment cannot be achieved through the occasional team-building session, but requires an ongoing commitment and a well-articulated plan.
Social-purpose organizations need practices, frameworks and metrics that are tailored to organizations’ unique needs. Rather than spending resources, time and energy on strategic plans, some leaders are building more flexible strategic frameworks or using strategic foresight to guide an innovative vision for the future.
Leadership can be lonely
It’s also important to remember that leadership can be lonely. To survive and thrive, social-purpose leaders must remember to seek out their own coaches and build communities of practice to enhance their lived experience and activities.
Developing an outer shell to weather criticism also helps. While leaders can’t please everyone, sense-making leaders find strength and build endurance in the recognition that the roles they play are meaningful, satisfying and essential — not only within the organizations they serve but through the collective work their organizations accomplish in the world.
Leaders (and board members) must realize that hiring the same people with the same profile as the past won’t make an organization ready for change, but instead reinforces the status quo.
By recognizing the messiness of their organizations and using sense-making skills, leaders in social-purpose organizations have better odds of surviving the perils and challenges of massive disruption and unprecedented change.
Daniel Atlin does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
People shop for food in Brooklyn in 2023 at a store that makes sure that its customers know it accepts SNAP benefits, also known as food stamps and EBT. Spencer Platt/Getty Images
In my research on the history of food stamps, I’ve found that the program was meant to be widely available to most low-income people. The SNAP changes break that tradition in two ways.
The Congressional Budget Office estimates that about 3 million people are likely to be dropped from the program and lose their benefits. This decline will occur in part because more people will face time limits if they don’t meet work requirements. Even those who meet the requirements may lose benefits because of difficulty submitting the necessary documents.
Inspired by the plight of unemployed coal miners whom John F. Kennedy met in Appalachia when he campaigned for the presidency in 1960, the early food stamps program was not limited to single parents with children, older people and people with disabilities, like many other safety net programs were at the time. It was supposed to help low-income people afford more and better food, regardless of their circumstances.
From the start, the states administered the program and covered some of its administrative costs and the federal government paid for the benefits in full. This arrangement encouraged states to enroll everyone who needed help without fearing the budgetary consequences.
Who could qualify and how much help they could get were set by uniform national standards, so that even the residents of the poorest states would be able to afford a budget-conscious but nutritionally adequate diet.
The federal government’s responsibility for the cost of benefits also allowed spending to automatically grow during economic downturns, when more people need assistance. These federal dollars helped families, retailers and local economies weather tough times.
The changes to the SNAP program included in the legislative package that Congress approved by narrow margins and Trump signed into law, however, will make it harder for the program to serve its original goals.
Restricting benefits
Since the early 1970s, most so-called able-bodied adults who were not caring for a child or an adult with disabilities had to meet a work requirement to get food stamps. Welfare reform legislation in 1996 made that requirement stricter for such adults between the ages of 18 and 50 by imposing a three-month time limit if they didn’t log 20 hours or more of employment or another approved activity, such as verified volunteering.
Budget legislation passed in 2023 expanded this rule to adults up to age 54. The 2025 law will further expand the time limit to adults up to age 64 and parents of children age 14 or over.
States can currently get permission from the federal government to waive work requirements in areas with insufficient jobs or unemployment above the national average. This flexibility to waive work requirements will now be significantly limited and available only where at least 1 in 10 workers are unemployed.
Concerned senators secured an exemption from the work requirements for most Native Americans and Native Alaskans, who are more likely to live in areas with limited job opportunities.
The new changes to SNAP policies will also deny benefits to many immigrants with authorization to be in the U.S., such as people granted political asylum or official refugee status. Immigrants without authorization to reside in the U.S. will continue to be ineligible for SNAP benefits.
Tracking ‘error rates’
Critics of food stamps have long argued that states lack incentives to carefully administer the program because the federal government is on the hook for the cost of benefits.
In the 1970s, as the number of Americans on the food stamp rolls soared, the U.S. Department of Agriculture, which oversees the program, developed a system for assessing if states were accurately determining whether applicants were eligible for benefits and how much they could get.
A state’s “payment error rate” estimates the share of benefits paid out that were more or less than an applicant was actually eligible for. The error rate was not then and is not today a measure of fraud. Typically, it just indicates the share of families who get a higher – or lower – amount of benefits than they are eligible for because of mistakes or confusion on the part of the applicant or the case worker who handles the application.
States responded by increasing their red tape. For example, they asked applicants to submit more documentation and made them go through more bureaucratic hoops, like having more frequent in-person interviews, to get – and continue receiving – SNAP benefits.
These demands hit low-wage workers hardest because their applications were more prone to mistakes. Low-income workers often don’t have consistent work hours and their pay can vary from week to week and month to month. The number of families getting benefits fell steeply.
The USDA tried to reverse this decline by offering states options to simplify the process for applying for and continuing to get SNAP benefits over the course of the presidencies of Bill Clinton, George W. Bush and Barack Obama. Enrollment grew steadily.
Despite this requirement, the national average error rate jumped from 7.4% before the pandemic, to a record high of 11.7% in 2023. Rates rose as states struggled with a surge of people applying for benefits, a shortage of staff in state welfare agencies and procedural changes.
The big legislative package will increase states’ expenses in two ways.
It will reduce the federal government’s responsibility for half of the cost of administering the program to 25% beginning in the 2027 fiscal year.
And some states will have to pay a share of benefit costs for the first time in the program’s history, depending on their payment error rates. Beginning in the 2028 fiscal year, states with an error rate between 6-8% would be responsible for 5% of the cost of benefits. Those with an error rate between 8-10% would have to pay 10%, and states with an error rate over 10% would have to pay 15%. The federal government would continue to pay all benefits in states with error rates below 6%.
Republicans argue the changes will give states more “skin in the game” and ensure better administration of the program.
While the national payment error rate fell from 11.68% in the 2023 fiscal year to 10.93% a year later, 42 states still had rates in excess of 6% in 2024. Twenty states plus the District of Columbia had rates of 10% or higher.
At nearly 25%, Alaska has the highest payment error rate in the country. But Alaska won’t be in trouble right away. To ease passage in the Senate, where the vote of Sen. Lisa Murkowski, an Alaska Republican, was in doubt, a provision was added to the bill allowing several states with the highest error rates to avoid cost sharing for up to two years after it begins.
About 600,000 individuals and families will lose an average of $100 a month in benefits because of a change in the way utility costs are treated. The law also prevents future administrations from increasing benefits beyond the cost of living, as the Biden Administration did.
States cannot cut benefits below the national standards set in federal law.
But the shift of costs to financially strapped states will force them to make tough choices. They will either have to cut back spending on other programs, increase taxes, discourage people from getting SNAP benefits or drop the program altogether.
The changes will, in the end, make it even harder for Americans who can’t afford the bare necessities to get enough nutritious food to feed their families.
Tracy Roof does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
People shop for food in Brooklyn in 2023 at a store that makes sure that its customers know it accepts SNAP benefits, also known as food stamps and EBT. Spencer Platt/Getty Images
In my research on the history of food stamps, I’ve found that the program was meant to be widely available to most low-income people. The SNAP changes break that tradition in two ways.
The Congressional Budget Office estimates that about 3 million people are likely to be dropped from the program and lose their benefits. This decline will occur in part because more people will face time limits if they don’t meet work requirements. Even those who meet the requirements may lose benefits because of difficulty submitting the necessary documents.
Inspired by the plight of unemployed coal miners whom John F. Kennedy met in Appalachia when he campaigned for the presidency in 1960, the early food stamps program was not limited to single parents with children, older people and people with disabilities, like many other safety net programs were at the time. It was supposed to help low-income people afford more and better food, regardless of their circumstances.
From the start, the states administered the program and covered some of its administrative costs and the federal government paid for the benefits in full. This arrangement encouraged states to enroll everyone who needed help without fearing the budgetary consequences.
Who could qualify and how much help they could get were set by uniform national standards, so that even the residents of the poorest states would be able to afford a budget-conscious but nutritionally adequate diet.
The federal government’s responsibility for the cost of benefits also allowed spending to automatically grow during economic downturns, when more people need assistance. These federal dollars helped families, retailers and local economies weather tough times.
The changes to the SNAP program included in the legislative package that Congress approved by narrow margins and Trump signed into law, however, will make it harder for the program to serve its original goals.
Restricting benefits
Since the early 1970s, most so-called able-bodied adults who were not caring for a child or an adult with disabilities had to meet a work requirement to get food stamps. Welfare reform legislation in 1996 made that requirement stricter for such adults between the ages of 18 and 50 by imposing a three-month time limit if they didn’t log 20 hours or more of employment or another approved activity, such as verified volunteering.
Budget legislation passed in 2023 expanded this rule to adults up to age 54. The 2025 law will further expand the time limit to adults up to age 64 and parents of children age 14 or over.
States can currently get permission from the federal government to waive work requirements in areas with insufficient jobs or unemployment above the national average. This flexibility to waive work requirements will now be significantly limited and available only where at least 1 in 10 workers are unemployed.
Concerned senators secured an exemption from the work requirements for most Native Americans and Native Alaskans, who are more likely to live in areas with limited job opportunities.
The new changes to SNAP policies will also deny benefits to many immigrants with authorization to be in the U.S., such as people granted political asylum or official refugee status. Immigrants without authorization to reside in the U.S. will continue to be ineligible for SNAP benefits.
Tracking ‘error rates’
Critics of food stamps have long argued that states lack incentives to carefully administer the program because the federal government is on the hook for the cost of benefits.
In the 1970s, as the number of Americans on the food stamp rolls soared, the U.S. Department of Agriculture, which oversees the program, developed a system for assessing if states were accurately determining whether applicants were eligible for benefits and how much they could get.
A state’s “payment error rate” estimates the share of benefits paid out that were more or less than an applicant was actually eligible for. The error rate was not then and is not today a measure of fraud. Typically, it just indicates the share of families who get a higher – or lower – amount of benefits than they are eligible for because of mistakes or confusion on the part of the applicant or the case worker who handles the application.
States responded by increasing their red tape. For example, they asked applicants to submit more documentation and made them go through more bureaucratic hoops, like having more frequent in-person interviews, to get – and continue receiving – SNAP benefits.
These demands hit low-wage workers hardest because their applications were more prone to mistakes. Low-income workers often don’t have consistent work hours and their pay can vary from week to week and month to month. The number of families getting benefits fell steeply.
The USDA tried to reverse this decline by offering states options to simplify the process for applying for and continuing to get SNAP benefits over the course of the presidencies of Bill Clinton, George W. Bush and Barack Obama. Enrollment grew steadily.
Despite this requirement, the national average error rate jumped from 7.4% before the pandemic, to a record high of 11.7% in 2023. Rates rose as states struggled with a surge of people applying for benefits, a shortage of staff in state welfare agencies and procedural changes.
The big legislative package will increase states’ expenses in two ways.
It will reduce the federal government’s responsibility for half of the cost of administering the program to 25% beginning in the 2027 fiscal year.
And some states will have to pay a share of benefit costs for the first time in the program’s history, depending on their payment error rates. Beginning in the 2028 fiscal year, states with an error rate between 6-8% would be responsible for 5% of the cost of benefits. Those with an error rate between 8-10% would have to pay 10%, and states with an error rate over 10% would have to pay 15%. The federal government would continue to pay all benefits in states with error rates below 6%.
Republicans argue the changes will give states more “skin in the game” and ensure better administration of the program.
While the national payment error rate fell from 11.68% in the 2023 fiscal year to 10.93% a year later, 42 states still had rates in excess of 6% in 2024. Twenty states plus the District of Columbia had rates of 10% or higher.
At nearly 25%, Alaska has the highest payment error rate in the country. But Alaska won’t be in trouble right away. To ease passage in the Senate, where the vote of Sen. Lisa Murkowski, an Alaska Republican, was in doubt, a provision was added to the bill allowing several states with the highest error rates to avoid cost sharing for up to two years after it begins.
About 600,000 individuals and families will lose an average of $100 a month in benefits because of a change in the way utility costs are treated. The law also prevents future administrations from increasing benefits beyond the cost of living, as the Biden Administration did.
States cannot cut benefits below the national standards set in federal law.
But the shift of costs to financially strapped states will force them to make tough choices. They will either have to cut back spending on other programs, increase taxes, discourage people from getting SNAP benefits or drop the program altogether.
The changes will, in the end, make it even harder for Americans who can’t afford the bare necessities to get enough nutritious food to feed their families.
Tracy Roof does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
People shop for food in Brooklyn in 2023 at a store that makes sure that its customers know it accepts SNAP benefits, also known as food stamps and EBT. Spencer Platt/Getty Images
In my research on the history of food stamps, I’ve found that the program was meant to be widely available to most low-income people. The SNAP changes break that tradition in two ways.
The Congressional Budget Office estimates that about 3 million people are likely to be dropped from the program and lose their benefits. This decline will occur in part because more people will face time limits if they don’t meet work requirements. Even those who meet the requirements may lose benefits because of difficulty submitting the necessary documents.
Inspired by the plight of unemployed coal miners whom John F. Kennedy met in Appalachia when he campaigned for the presidency in 1960, the early food stamps program was not limited to single parents with children, older people and people with disabilities, like many other safety net programs were at the time. It was supposed to help low-income people afford more and better food, regardless of their circumstances.
From the start, the states administered the program and covered some of its administrative costs and the federal government paid for the benefits in full. This arrangement encouraged states to enroll everyone who needed help without fearing the budgetary consequences.
Who could qualify and how much help they could get were set by uniform national standards, so that even the residents of the poorest states would be able to afford a budget-conscious but nutritionally adequate diet.
The federal government’s responsibility for the cost of benefits also allowed spending to automatically grow during economic downturns, when more people need assistance. These federal dollars helped families, retailers and local economies weather tough times.
The changes to the SNAP program included in the legislative package that Congress approved by narrow margins and Trump signed into law, however, will make it harder for the program to serve its original goals.
Restricting benefits
Since the early 1970s, most so-called able-bodied adults who were not caring for a child or an adult with disabilities had to meet a work requirement to get food stamps. Welfare reform legislation in 1996 made that requirement stricter for such adults between the ages of 18 and 50 by imposing a three-month time limit if they didn’t log 20 hours or more of employment or another approved activity, such as verified volunteering.
Budget legislation passed in 2023 expanded this rule to adults up to age 54. The 2025 law will further expand the time limit to adults up to age 64 and parents of children age 14 or over.
States can currently get permission from the federal government to waive work requirements in areas with insufficient jobs or unemployment above the national average. This flexibility to waive work requirements will now be significantly limited and available only where at least 1 in 10 workers are unemployed.
Concerned senators secured an exemption from the work requirements for most Native Americans and Native Alaskans, who are more likely to live in areas with limited job opportunities.
The new changes to SNAP policies will also deny benefits to many immigrants with authorization to be in the U.S., such as people granted political asylum or official refugee status. Immigrants without authorization to reside in the U.S. will continue to be ineligible for SNAP benefits.
Tracking ‘error rates’
Critics of food stamps have long argued that states lack incentives to carefully administer the program because the federal government is on the hook for the cost of benefits.
In the 1970s, as the number of Americans on the food stamp rolls soared, the U.S. Department of Agriculture, which oversees the program, developed a system for assessing if states were accurately determining whether applicants were eligible for benefits and how much they could get.
A state’s “payment error rate” estimates the share of benefits paid out that were more or less than an applicant was actually eligible for. The error rate was not then and is not today a measure of fraud. Typically, it just indicates the share of families who get a higher – or lower – amount of benefits than they are eligible for because of mistakes or confusion on the part of the applicant or the case worker who handles the application.
States responded by increasing their red tape. For example, they asked applicants to submit more documentation and made them go through more bureaucratic hoops, like having more frequent in-person interviews, to get – and continue receiving – SNAP benefits.
These demands hit low-wage workers hardest because their applications were more prone to mistakes. Low-income workers often don’t have consistent work hours and their pay can vary from week to week and month to month. The number of families getting benefits fell steeply.
The USDA tried to reverse this decline by offering states options to simplify the process for applying for and continuing to get SNAP benefits over the course of the presidencies of Bill Clinton, George W. Bush and Barack Obama. Enrollment grew steadily.
Despite this requirement, the national average error rate jumped from 7.4% before the pandemic, to a record high of 11.7% in 2023. Rates rose as states struggled with a surge of people applying for benefits, a shortage of staff in state welfare agencies and procedural changes.
The big legislative package will increase states’ expenses in two ways.
It will reduce the federal government’s responsibility for half of the cost of administering the program to 25% beginning in the 2027 fiscal year.
And some states will have to pay a share of benefit costs for the first time in the program’s history, depending on their payment error rates. Beginning in the 2028 fiscal year, states with an error rate between 6-8% would be responsible for 5% of the cost of benefits. Those with an error rate between 8-10% would have to pay 10%, and states with an error rate over 10% would have to pay 15%. The federal government would continue to pay all benefits in states with error rates below 6%.
Republicans argue the changes will give states more “skin in the game” and ensure better administration of the program.
While the national payment error rate fell from 11.68% in the 2023 fiscal year to 10.93% a year later, 42 states still had rates in excess of 6% in 2024. Twenty states plus the District of Columbia had rates of 10% or higher.
At nearly 25%, Alaska has the highest payment error rate in the country. But Alaska won’t be in trouble right away. To ease passage in the Senate, where the vote of Sen. Lisa Murkowski, an Alaska Republican, was in doubt, a provision was added to the bill allowing several states with the highest error rates to avoid cost sharing for up to two years after it begins.
About 600,000 individuals and families will lose an average of $100 a month in benefits because of a change in the way utility costs are treated. The law also prevents future administrations from increasing benefits beyond the cost of living, as the Biden Administration did.
States cannot cut benefits below the national standards set in federal law.
But the shift of costs to financially strapped states will force them to make tough choices. They will either have to cut back spending on other programs, increase taxes, discourage people from getting SNAP benefits or drop the program altogether.
The changes will, in the end, make it even harder for Americans who can’t afford the bare necessities to get enough nutritious food to feed their families.
Tracy Roof does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
BEIJING, July 6 (Xinhua) — China will take corresponding measures on some medical equipment imported from the European Union (EU) under government procurement projects in accordance with relevant laws and regulations, the Ministry of Finance said Sunday.
When purchasing medical equipment worth more than 45 million yuan (about 6.29 million US dollars), if there is a real need to purchase imported products, the purchaser must exclude the participation of European Union enterprises – except for enterprises with foreign investment from the EU operating in China – after completing the procedures established by law, the ministry said.
For non-EU companies participating in public procurement projects, the share of medical equipment imported from the EU that they provide must not exceed 50% of the total amount in the project contract.
The above measures do not apply to procurement projects in which the need for goods can be met only by means of medical equipment imported from the EU, the Finance Ministry said in a statement.
This notification comes into force on July 6, 2025. With respect to procurement projects for which the winners of the tenders or the results of the transactions have already been announced before July 6 of this year, the above measures do not apply, and the corresponding public procurement contracts can continue to be signed, the ministry said in a statement. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
The visit to Tanzania, taking place from 8 to 10 July, is made on behalf of the EU’s High Representative for Foreign Affairs and Security Policy / Vice President of the European Commission, Kaja Kallas.
Minister Dr. Constantinos Kombos will meet with Minister for Foreign Affairs and East African Cooperation, Hon. Mahmoud Thabit Kombo, and other senior Tanzanian officials to discuss EU–Tanzania relations, democratic governance, and economic cooperation under the Global Gateway strategy.
Cyprus Minister of Foreign Affairs, Dr. Constantinos Kombos, will visit Tanzania from 8 to 10 July on behalf of the European Union’s (EU) High Representative for Foreign Affairs and Security Policy / Vice President of the European Commission, Kaja Kallas, as part of efforts to strengthen the EU’s partnership with Tanzania and engage in high-level discussions on regional and global issues.
During his visit, Minister Dr. Constantinos Kombos will meet with Tanzania’s Minister for Foreign Affairs and East African Cooperation, Hon. Mahmoud Thabit Kombo, as well as members of civil society, business leaders, and other key stakeholders to discuss EU–Tanzania relations, the upcoming 2025 General Elections, economic cooperation under the Global Gateway strategy, and regional security developments, notably in the Great Lakes region.
Speaking ahead of the visit, Minister Dr. Constantinos Kombos said:
“Tanzania is a trusted and stable partner in a strategically important region. As we celebrate 50 years of EU-Tanzania relations this year, the EU is committed to scaling up our cooperation – from investing in critical raw materials and digital transformation to supporting democratic values and inclusive growth. Together, we can unlock new opportunities that benefit both Tanzanian citizens and European partners.”
EU Ambassador to Tanzania and the East African Community, Christine Grau, highlighted the significance of the visit:
“This visit underscores the EU’s commitment to a mature and strategic partnership with Tanzania, based on mutual interests. Following the visit of Foreign Minister Kombo to EU Headquarters in April, this visit is a reflection on the continuous strong engagement of the European Union with Tanzania.”
During the visit, political developments of common interest, regional developments and economic cooperation will be in the focus.
This follows Tanzania’s Minister Mahmoud Thabit Kombo’s April 2025 meetings in Brussels with EU High Representative Kaja Kallas, Director General for International Partnerships Koen Doens, and European Investment Bank (EIB) Vice President Thomas Östros to advance political dialogue, investment, and sustainable development.
Distributed by APO Group on behalf of Delegation of the European Union to the United Republic of Tanzania and the East African Community.
President Cyril Ramaphosa has reaffirmed South Africa’s commitment to strengthening bilateral trade and investment ties with Austria, highlighting a range of mutually beneficial opportunities across key economic sectors.
Speaking at the South Africa-Austria Business Forum in Pretoria on Friday, President Ramaphosa underscored the importance of deepening economic collaboration between the two countries.
“It is my pleasure to address the South Africa-Austria Business Forum at this important time, as we seek to further deepen economic ties between our countries.
“Austria and South Africa enjoy strong bilateral trade and investment relations spanning energy, industrial technology, pharmaceuticals and vocational training,” he said.
The President noted that trade between the two countries has been steadily increasing, with several Austrian companies operating in South Africa through direct investments, distribution, sales offices and service projects.
“There are many more opportunities for investment by Austrian companies in South Africa. There are opportunities in areas such as renewable energy generation, agro-processing and component manufacturing opportunities.
“There are also opportunities in critical minerals beneficiations, pharmaceuticals, technology and innovation, among others,” President Ramaphosa said.
South Africa, he said, is showing signs of recovery following recent economic challenges. The improvement in electricity supply and a moderation in inflation are among the encouraging signs.
“We have embarked on a massive infrastructure drive, with key investments concentrated in energy, transport and logistics, water and sanitation, and digital infrastructure,” the President said.
He detailed the role of the country’s Infrastructure Fund, which has mobilised blended financing to support major projects across several sectors. At the same time, structural reforms are being implemented to enhance the efficiency and competitiveness of energy and logistics sectors.
As the global economy transitions towards greener alternatives, President Ramaphosa said South Africa is positioning itself as a front-runner in the green and digital economy.
“South Africa has developed a regulatory framework to harness the potential of the hydrogen economy. We are actively developing an industrial plan to support the growth of electric vehicle and battery production,” he said.
This industrial strategy includes incentives for manufacturers, investment in charging infrastructure and localisation of components. It is supported by an enabling policy environment, including the expansion of special economic zones and active participation in the African Continental Free Trade Area (AfCFTA).
“Our special economic zones offer an internationally competitive value proposition with an attractive suite of incentives,” he noted.
President Ramaphosa said the AfCFTA will remove trade barriers and unlock greater investment opportunities, particularly for Austrian businesses looking to enter new markets across the continent.
“It will drive a wave of industrialisation and create dynamic regional value chains. This presents opportunities for Austrian businesses and investors,” he said.
Highlighting South Africa’s role as an anchor in regional value chains, he said the country’s manufacturing sector sources inputs from across the continent, which are then exported as finished goods.
South Africa also offers rich reserves of critical minerals for the energy transition, especially platinum group metals, giving it a competitive edge in producing sustainable energy technologies.
Beyond investment, President Ramaphosa said, South African businesses are keen to explore Austrian opportunities, particularly in organic food markets, renewable energy, and supply chains across mining, automotive and other sectors.
“There is high demand for our agricultural products in the EU, including high-quality South African wines and speciality foods like rooibos,” he said.
On tourism, the President expressed the country’s desire to see more Austrian tourists visiting South Africa and vice versa, with a particular interest in eco, sports, and heritage tourism.
He also welcomed the signing of a Memorandum of Understanding earlier in the day on technical and vocational training.
“We want to learn from Austria on how to achieve the delicate balance between building the workforce of the future and growing the skills needed by the economy today,” President Ramaphosa said.
Closing his address, the President affirmed the South African government’s continued commitment to private sector collaboration as a catalyst for economic growth and job creation.
“By working together with all social partners, we have embarked on a new era of growth, progress and inclusive, shared prosperity. I am confident that the engagements, discussions and networking sessions from this forum will yield great benefits for both South African and Austrian companies.
“It is clear from this Business Forum that there are abundant opportunities for even greater partnership, progress and shared prosperity,” he said. – SAnews.gov.za
The African Energy Chamber (AEC) (www.EnergyChamber.org) – the leading voice of Africa’s energy industry – is proud to reaffirm its support for the West African Energy Summit (WAES), scheduled for November 18-19, 2025, in Aberdeen, Scotland. In the lead-up to the event, NJ Ayuk, Executive Chairman, AEC, will visit Aberdeen on July 11 to speak at the OGV Taproom, where he will deliver a keynote address titled Opportunities in Africa – a strategic presentation tailored for the UK supply chain.
Organized in partnership with OGV Group, the WAES is positioned as a premier platform for catalyzing investment, technology transfer and cross-border collaboration between African energy makers and global service providers. Ayuk’s visit underscores the AEC’s commitment to cultivating robust energy partnerships between Africa and Europe, particularly in light of Africa’s dynamic oil, gas and energy transition landscape.
Ayuk’s July 11 appearance in Aberdeen will preview key themes from African Energy Week (AEW): Invest in African Energies 2025, the continent’s premier energy event organized by the AEC, which returns to Cape Town from September 29 to October 3, 2025. This year’s edition will host the G20 Africa Energy Investment Forum, highlighting Africa’s role in the global energy transition and providing a platform for project developers, financiers and service providers to shape the continent’s energy future.
WAES 2025 builds on the success of last year’s edition held in Ghana and will showcase some of the most lucrative energy opportunities across West Africa. This year’s event is co-hosted by the Scottish Africa Business Association, in collaboration with the Society of Petroleum Engineers, Energy Industries Council and the AEC. The two-day summit aims to highlight upstream development, emerging markets, technology deployment and decarbonization strategies that support Africa’s just energy transition.
West Africa continues to stand at the forefront of Africa’s energy renaissance, offering a wealth of opportunities for global investors, service providers and strategic partners. From deepwater oil exploration in Gabon and Equatorial Guinea to major LNG developments in Senegal and Mauritania, African nations are advancing ambitious strategies to monetize resources, attract investment and strengthen regional energy security.
These developments are underpinned by aggressive investment strategies, regulatory reforms and strengthened national oil company participation – creating a competitive environment for foreign capital and technology. As countries across the region seek to reverse production declines, fast-track new discoveries and drive regional energy integration, platforms like the WAES event are critical to forging the cross-border partnerships needed to realize Africa’s goals of energy security, economic growth and a just energy transition.
At the event, Ayuk will participate in the high-level Africa’s Opportunity for UK Supply Chain Engagement session, where he will provide actionable insights on the investment-ready landscape across key African markets such as Nigeria, Senegal, Angola, Namibia and Mozambique. He will also outline the AEC’s vision for inclusive growth, local content development and the importance of aligning global expertise with Africa’s long-term energy security goals.
“Africa’s energy future depends on strategic partnerships that deliver technology, capital and capacity building. The UK supply chain has a crucial role to play – not as outsiders, but as long-term partners invested in Africa’s growth and resilience,” states Ayuk.
The WAES event will provide an essential gateway for UK service companies to align with Africa’s energy ambitions – ranging from deepwater developments and LNG production to renewables and hydrogen deployment. By connecting global innovation with Africa’s resource wealth, the summit aims to unlock sustainable development, economic growth and greater energy access across the continent.
Distributed by APO Group on behalf of African Energy Chamber.
SHREWSBURY, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Lightchain AI, a next-generation decentralized AI infrastructure project, has officially entered its Final Bonus Round, following the successful completion of all 15 presale stages and raising $20.9 million in token sales. This milestone reflects strong market confidence and positions the project ahead of its anticipated mainnet launch in July 2025.
The Bonus Round offers tokens at a fixed price of $0.007125, presenting a final opportunity for early participants to acquire LCAI before the transition to public trading. This phase also coincides with new ecosystem developments, including a grant initiative and upcoming developer onboarding tools.
Presale Completion Signals Market Momentum
Lightchain AI’s presale, which was structured across 15 progressive funding stages, reached its hard cap target with broad support from retail and strategic contributors. The structured approach ensured measured token distribution and early ecosystem growth while minimizing volatility.
The platform’s architecture is designed to power decentralized artificial intelligence through the Artificial Intelligence Virtual Machine (AIVM) and a proprietary Proof-of-Intelligence (PoI) consensus model. This model rewards validator nodes for completing valuable AI computations, creating a sustainable framework for network participation and data processing.
Ecosystem Tools and Grants Rolling Out
Following the presale, Lightchain AI is expanding its Developer Portal, which provides SDKs, APIs, and comprehensive technical documentation to enable builders to launch and scale AI-powered decentralized applications. In parallel, a $150,000 grant pool has been allocated to fund early-stage projects contributing to the Lightchain ecosystem.
In a move to further promote decentralization and developer alignment, the originally designated 5% Team Allocation has been reallocated toward ecosystem growth, community incentives, and validator support. Public GitHub repositories are scheduled to go live alongside the mainnet launch to promote transparent and collaborative development.
Bonus Round to Close Ahead of Mainnet
With the Bonus Round now live, Lightchain AI is finalizing preparations for mainnet deployment. The round will remain open for a limited time, offering fixed pricing and early access benefits for participants, including governance opportunities, developer incentives, and validator onboarding.
“Completing 15 stages and entering the Bonus Round represents a major leap forward for Lightchain AI,” said a project spokesperson. “We are focused on delivering a scalable and intelligent blockchain infrastructure, and this final phase allows the community to grow with us as we approach launch.”
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