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July 20th - According to the Financial Times, UK Prime Minister-designate Burnham will stick to the Labour Partys controversial ban on new North Sea exploration licenses, dashing the oil and gas industrys hopes for a significant shift in the governments fossil fuel policy. As the new government faces pressure to reduce household energy bills, Labour Deputy Leader Lucy Powell stated on Sunday that Burnham would not retract the Labour Partys election manifesto promise to halt the issuance of new North Sea exploration licenses. An industry insider stated, "If they dont lift the new exploration ban, the entire industry will be extremely dissatisfied." Recent reports have suggested that Burnham may be shifting to a "drill baby drill" strategy for North Sea development. Trump responded to these reports on Sunday, tweeting: "People in Aberdeen, Scotland are cheering in the streets as new Prime Minister Burnham says he will fully open up the extremely valuable North Sea oil resources!"July 20 – Luis Vázquez, an official with Perus National Civil Protection Agency, confirmed on July 19 that the 5.1-magnitude earthquake that struck central Peru on the evening of July 18 had killed five people. In an interview with Peruvian media on July 19, Vázquez said that as of now, the earthquake had caused five deaths, injured more than 20 people, and affected approximately 300. The Peruvian Institute of Geophysics stated that the earthquake occurred at 21:24 local time on July 18 (10:24 Beijing time on July 19), with its epicenter located 7 kilometers south of Chupaca, Junín Province, at a depth of 24 kilometers.According to the Financial Times, incoming British Prime Minister Burnham will stick to the Labour Partys controversial ban on new North Sea exploration licenses, dashing the oil and gas industrys hopes for a potential major shift in the governments fossil fuel policy.According to Irans Tasnim News Agency, Iran claims that the explosion in Abadan was related to Iranian military operations and was not an attack launched by the United States.July 19th - Several listed companies and market institutions have received notices from regulatory authorities to attend a symposium held by the China Securities Regulatory Commission (CSRC) tomorrow. The CSRC aims to gather opinions and suggestions from all parties on promoting the stable and healthy development of the market.

Carbon Neutral Bitcoin and Ethereum ETPs Listed on Swiss Exchange

Cory Russell

Apr 12, 2022 10:43

The two new ETPs on SIX are Bitcoin Zero (BTCO2) and Ether Zero (ETH2O).


The ETPs are the product of a campaign known as "Crypto becomes carbon neutral."


The debut took place at a time when the stock market was in free collapse.


While the crypto market and the stock market are two distinct things, investors can't seem to get enough of both. As a consequence, we are seeing the emergence of Exchange Traded Products (ETPs) (ETPs).


People desire something more sustainable even inside these ETPs, and carbon-neutral ETPs have been designed to meet that need.

Crypto Becomes Carbon Neutral

The influence of crypto on the environment has been a long-debated matter, with no clear answer in sight.


To put a stop to this, the European Union nearly outright outlawed proof of work, but the majority of members voted against it, saving Bitcoin, Ethereum, and other (PoW) cryptocurrencies.


Other businesses, on the other hand, are still attempting to become carbon-neutral, as did an ETP provider for the stock market.


In collaboration with the Swiss FinTech Innovation Lab of the Institute for Banking and Finance at the University of Zurich, Helveteq, a Swiss issuer of ESG-transparent investment products, launched the research-based project "Crypto becomes carbon neutral."


The two ETPs, Bitcoin Zero (BTCO2) and Ether Zero (ETHZ), were born from it (ETH2O).


"It is time to give investors the first carbon neutral crypto ETPs from a Swiss issuer," Dr. Christian Katz, the CEO of Helveteq, said. The relationship between the environment and the blockchain economy is becoming more widely recognized, and we must all work together to create long-term solutions."


These ETPs will be added to SIX's pool of 240 other investment products.

Perhaps Now Isn't the Best Time?

The introduction of the ETPs, which was announced today, was not the best timing given the current state of the crypto market. The market has lost more than $122 billion in total, forming a 6.25 percent long red candle.


However, even before today, the overall market capitalization had fallen below $2 trillion, and is at $1.841 trillion. As a result, there's a significant likelihood that this will have a detrimental impact on the launch of these ETPs.

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