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September 1 – On the afternoon of September 1, Premier Li Qiang met with a delegation led by John McCain, Chairman of the Board of Directors of the US-China Business Council, at the Great Hall of the People in Beijing. Li Qiang stated that the US-China Business Council has long been committed to promoting China-US relations and economic and trade cooperation, playing a vital role. With the joint efforts of both sides, bilateral relations are currently maintaining overall stability. In May of this year, President Xi Jinping and President Trump met in Beijing and reached a series of important consensuses. China is willing to work with the US to follow the strategic guidance of the two heads of state, strengthen dialogue and communication, expand mutually beneficial cooperation, properly manage differences, promote the building of a constructive strategic and stable China-US relationship, and strive for more practical results.September 1 - On the afternoon of September 1, Premier Li Qiang met with a delegation led by John McCain, Chairman of the Board of Directors of the US-China Business Council, at the Great Hall of the People in Beijing.September 1st - Despite accusations that Chancellor of the Exchequer John Healy has reneged on his previous commitment to achieving this target, the British military still expects him to pledge 3% of GDP for defense spending by 2030. Sources revealed that the Treasury informed senior military officials weeks ago that it could not announce this target in the October 28th budget, and the decision would be postponed until the multi-year public spending review in 2027. However, the sources indicated that after discussions with Healy, they expect the 3% GDP target for defense spending by 2030 to be announced at that time. Defense spending currently accounts for 2.6% of GDP; increasing it to 3% would require an additional £15 billion annually from the Office for Budget Responsibility, equivalent to raising the basic income tax rate by approximately 2 percentage points. It remains unclear how this additional expenditure will be financed.Market news: The British military expects Chancellor of the Exchequer Healy to increase defense spending to 3% of GDP by 2030.The document shows that the Russian government has raised its 2026 crude oil export forecast by 7.5 million tons to 244.7 million tons.

Ukraine's 'Father of Crypto' Says the Crypto Scene Has Changed Due to War

Cory Russell

Apr 06, 2022 11:17


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Michael Chobanian, the founder of KUNA, spoke on the state of crypto before and after the war.

He said that crypto has become Ukraine's most valued currency.


Instead of entering the army, Michael worked for the government as a crypto banker.


The invasion of Ukraine by Russia is a disaster that will be remembered for Russia's harshness, lack of mercy, and terrible methods. However, certain advantages came to the world of crypto in the form of acceptance amid the most awful of circumstances.


Michael Chobanian, the founder of Ukraine's largest crypto exchange, KUNA, emphasized how dramatically the crypto industry has altered in the previous month in an interview with Bloomberg.

Ukraine and crypto

For more than eight years, Michael has been a proponent of all things crypto. Since becoming a full-time crypto actor in 2013, Michael has had to deal with government raids and other issues.


And, in order to defend crypto enterprises, he has served as President of the Blockchain Association of Ukraine. The most dramatic developments in Ukraine's crypto space, on the other hand, occurred only at the start of the conflict.


Before the conflict, KUNA was used to processing $1 million to $4 million in volume every day, according to Michael. But, since February 24, a lot has changed, and crypto has emerged as a critical component of the war effort.


The once-dominant payment methods of USD and cash have now become obsolete.


"No one wants cash because you can't really transport it outside of the nation and you can't really store it safely." Crypto is becoming the most valued type of currency in Ukraine. Everyone wants crypto because it is the quickest, most flexible, simplest, and least bureaucratic method of storing and spending money. "In Ukraine, crypto is the new king of money." The amount of crypto donations received by Ukraine (Bitcoin, Ethereum, etc.) has supported the war effort with over 5,500 bulletproof vests, 500 helmets, night-vision goggles, and medication.


As a result, instead of entering the army, Michael became a government crypto banker. "I'm in charge of collecting, fundraising, and storing crypto, as well as trading crypto for crypto and crypto for fiat, creating bank accounts for intermediaries or the government, and then buying anything the Ministry of Defense requires," he explained. We also locate vendors ready to offer us humanitarian items, such as helmets or protective jackets, in exchange for crypto. So I'm in head of this government-run virtual crypto fund."


In the last month, the Crypto Efforts Ukraine has gathered over $100 million in crypto donations to fund the battle effort. This covers things like bitcoin contributions and NFT sales, among other things.


In addition, the Ukrainian government has established the NFT War Museum, the revenues of which will be used to assist the administration.


On the other side, Russian Foreign Minister Sergei Lavrov has been traveling throughout the world, pleading for assistance in evading Western sanctions.


Sergei stated today during a visit to India that India and Russia are friends, praising the country's non-biased viewpoints, and that in the future, "it is absolutely clear that more and more transactions will be done through this system using national currencies, bypassing the dollar, euro, and other currencies."

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