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March 21st - International crude oil prices continue to fluctuate at high levels, and the cost pressure on airlines is being rapidly passed on to customers. Recently, several domestic airlines have raised fuel surcharges on international routes, with increases generally exceeding 50%, and some routes even doubling. Although the domestic market is still in the traditional off-season after the holidays, with the expectation of further fuel surcharge increases continuing to strengthen, many consumers are starting to book tickets for travel two weeks or even a month in advance, attempting to lock in relatively lower travel costs at present.March 21 – According to the U.S. Treasury Department, the United States approved a 30-day authorization on March 20 to conditionally ease sanctions on Iranian oil products, allowing the delivery and sale of Iranian crude oil and petroleum products already shipped as of March 20. U.S. Treasury Secretary Bessenter stated that the Treasury Department is issuing a “narrow, short-term authorization” allowing the sale of Iranian oil currently stranded at sea. By temporarily releasing existing oil supplies, the U.S. will quickly provide approximately 140 million barrels of oil to the global market. The temporary, short-term authorization is strictly limited to oil already en route.On March 21, local time, Iranian Oil Ministry spokesman Saman Godoosi stated via his personal social media account on the evening of March 20 that Iran currently has virtually no remaining crude oil stranded at sea, nor any surplus crude oil to supply other international markets. The statement by US Treasury Secretary Bessenter was purely intended to create hope for buyers, provide psychological reassurance, and manipulate market sentiment. On March 19, local time, US Treasury Secretary Bessenter stated that the US had allowed Iranian oil to continue being transported through the Gulf region, and that the US might lift sanctions on Iranian oil at sea in the coming days. Bessenter said the US had begun lifting sanctions on approximately 130 million barrels of Russian oil already shipped or stored at sea, and might take similar measures on approximately 140 million barrels of Iranian oil already shipped or stored at sea.US President Trump: We moved up our strikes against Iran by several weeks.US President Trump: (Regarding oil prices) I thought it would be worse than it is now.

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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