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Polish central bank governor: Poland is more likely to raise interest rates than lower them.July 14th - US small business confidence improved in June, but the percentage of business owners who considered inflation the "single most important issue" rose to its highest level in nearly two years, while more businesses reported raising average selling prices. Data released Tuesday by the National Federation of Independent Business (NFIB) showed that the Small Business Optimism Index rose 2.1 points to 97.4 in June, close to the indexs 52-year average of 98.0. The uncertainty index in the survey fell 2 points to 89, but remains significantly higher than the historical average of 68. Improved business confidence and reduced uncertainty may reflect a temporary drop in gasoline prices following the fragile ceasefire reached between the US and Iran. However, the ceasefire broke down last week after attacks on oil tankers in the Strait of Hormuz, triggering military strikes between the two countries. NFIB Chief Economist Bill Dunkelberg stated, "The current economic environment brings both positive changes for small business owners and ongoing challenges. Lower fuel costs provide welcome relief for both businesses and consumers, and businesses expect the operating environment to improve over the next six months."The European-Mediterranean Seismological Centre reported that a 4.3-magnitude earthquake struck the Sumbah region of Indonesia at a depth of 3.0 kilometers.Syrian Foreign Ministry: Condemns Irans attack on two UAE oil tankers in the Strait of Hormuz.On July 14th, a breakthrough in power transmission line inspection technology was achieved in the remote mountains of Jianshui County, Honghe Prefecture, Yunnan Province. Drones autonomously inspected power transmission lines directly connected to satellites, even without 4G or 5G signals or ground-based differential positioning assistance. This operation, relying on a self-developed system, successfully established a direct signal channel between the ground station, satellite, and drone, overcoming the challenge of inspection in signal-free areas with practical accuracy. Project leader Li Bingchen explained that this technology breaks the previous limitation that inspection drones had to be connected via remote controllers to fly, enabling autonomous inspection even in signal-free areas. Approximately 4,500 kilometers of power transmission lines in Yunnan are located in mountainous areas without signal coverage; with this technology, at least 90% of these areas can now be automatically inspected by drones.

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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