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On May 13, the State Council Taiwan Affairs Office held a regular press conference. A reporter asked: Recently, the Shanghai Municipal Bureau of Culture and Tourism issued an announcement stating that Shanghai residents can book group and individual tours to Kinmen and Matsu through qualified travel agencies in Shanghai and Fujian provinces. What is the current progress of this? Spokesperson Zhang Han stated that tourism industry representatives from both sides of the Taiwan Strait have recently begun mutual visits and inspections, paving the way for future cross-strait tourism exchanges and cooperation. We have already announced the promotion of the pilot program to resume individual travel to Taiwan for residents of Shanghai and Fujian provinces. We hope that relevant authorities in Taiwan will heed public opinion and open this up as soon as possible, creating conditions for the normalization of cross-strait personnel exchanges and the normalization of exchanges and cooperation in various fields.May 13th - Data shows that in the first four months of this year, Guangdongs foreign trade growth rate was 3.5 percentage points higher than the national average, and its share of the national total increased by 0.6 percentage points year-on-year to 21.5%. Foreign trade volume increased by 541.07 billion yuan, exceeding the total for the entire previous year; its contribution to the national import and export growth during the same period reached 25.8%. According to the latest data released by the Guangdong Branch of the General Administration of Customs, in the first four months of this year, Guangdongs imports and exports totaled 3.49 trillion yuan, an increase of 18.4%. Among them, exports reached 2.06 trillion yuan, an increase of 11.4%; imports reached 1.43 trillion yuan, an increase of 30.1%; Guangdong continued to rank first among all provinces and municipalities in terms of scale, share, and increase.On May 13, the State Council Taiwan Affairs Office held a regular press conference. A reporter asked: Recently, an inter-ministerial and inter-provincial working conference on the construction of a demonstration zone for cross-strait integrated development was held in Beijing. What is the current status of implementing the "Opinions of the CPC Central Committee and the State Council on Supporting Fujian in Exploring New Paths for Cross-Strait Integrated Development and Building a Demonstration Zone for Cross-Strait Integrated Development"? What are the next steps to further support Fujian in promoting the high-quality development of the demonstration zone? Spokesperson Zhang Han stated that in the past three years, the demonstration effect of the cross-strait integrated development demonstration zone on Taiwan has gradually emerged, and its influence has been expanding. Going forward, the State Council Taiwan Affairs Office and the National Development and Reform Commission will work with relevant departments of the central and state organs and Fujian Province to support Fujian in continuously exploring new paths and models for cross-strait integrated development and introduce more innovative measures to deepen the integration of Fujian and Taiwan in various fields.May 13th - According to a recent OECD estimate, the Bank of Japans benchmark interest rate is projected to reach 2% by the end of 2027. The report notes that assuming inflation remains around 2%, current interest rates are still close to the lower end of a relatively neutral interest rate range for the economy. The report also recommends that the Bank of Japan should continue to gradually raise interest rates to prevent the economy from overheating. The Bank of Japan previously estimated Japans nominal neutral interest rate to be between 1.1% and 2.5%, but also pointed out that the specific level remains highly uncertain.The Indonesian rupiah fell to a record low of 17,530 against the US dollar.

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.