EUR/USD 1.13826
0.022%
Gold 4004.82
0.098%
Oil 77.952
0.202%
USD/JPY 162.429
-0.011%
GBP/USD 1.33496
0.030%
GBP/JPY 216.841
0.013%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 14th, US President Trump stated on July 13th local time that the US is protecting several wealthy Middle Eastern countries and therefore should receive compensation from them for the costs incurred. Trump specifically named Saudi Arabia, the UAE, Qatar, Bahrain, and Kuwait, claiming the US is maintaining the security of these countries, as well as Israel. He stated that the US invests funds in the region, therefore it is appropriate for the protected countries to share the costs. Trump also stated that the US possesses abundant oil resources, "including oil from Venezuela and other places, the US controls more than half of the worlds oil supply," therefore the US itself "does not depend on Middle Eastern oil"—the USs actions in the Middle East are "primarily to protect allies."The UAE Ministry of Defense reported that one Indian crew member died and eight others were injured on the oil tanker. The fires on both tankers are under control. The UAE reserves the right to a full response to any escalation of the situation.The UAE Ministry of Defense stated that two UAE oil tankers were attacked by two Iranian cruise missiles in the southern Strait of Hormuz. The attack occurred within Omani territorial waters.July 14 - The UKs Office for Maritime Trade Operations reported receiving a report of an incident 40 nautical miles northeast of Karhart, Oman. The tanker captain reported that the starboard side of the engine room was struck by an unidentified projectile. All crew members are safe and there has been no environmental impact.According to a Reuters/Ipsos poll, 79% of Americans believe that U.S. military intervention in Iran will last for an extended period.

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.

Suggestion