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UK Maritime Trade Organization: No damage assessment reported; environmental impact unknown.UK Maritime Trade Organization: A projectile struck the hull; crew reports safety.On August 15th, the Indonesian Ministry of Foreign Affairs Consular Department reported that no foreign citizens were injured or killed in the earthquake. The department stated that a 7.7-magnitude earthquake struck off the coast of Nagkeo Regency, East Nusa Tenggara (NTT) at 4:58:24 AM local time on August 15th. The epicenter was located approximately 38 kilometers northeast of Mbay, with a depth of 15 kilometers. The earthquake initially raised concerns about a potential tsunami, prompting the evacuation of some coastal residents. The Indonesian Meteorology, Climatology and Geophysics Agency reported that as of 11:00 AM Central Indonesian Time on August 15th, 111 aftershocks had been recorded since the 7.7-magnitude earthquake in Nagkeo Regency, East Nusa Tenggara, with the most recent measuring 3.8. Seismic activity is ongoing, and the tsunami warning was lifted at 7:31 AM. The main risks in the area are currently aftershocks and secondary hazards such as damaged buildings.Seven people were killed in an Israeli airstrike in southern Lebanon on Saturday.On August 15th, South Koreas Ministry of Industry announced on Saturday that it had dismissed its chief trade negotiator, without disclosing the specific reasons. Trade Minister Yeo Han-koo, who had previously served as South Koreas chief trade envoy, traveled to Washington multiple times this year to hold talks with the US government and members of Congress on issues related to tariffs, semiconductor measures, and digital policy. The Ministry of Industry stated that personnel decisions involving political appointments fall under the presidents authority and that it will strive to ensure that current trade affairs are not affected. No successor has yet been appointed.

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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