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Vietnamese Prime Minister Le Minh Hung: Japan will assist in arranging crude oil supplies to Vietnams Nghi Son refinery and petrochemical complex.Japanese Prime Minister Sanae Takaichi: We will continue to strengthen cooperation with Vietnam in the fields of energy, key minerals, artificial intelligence, semiconductors and space.On May 2nd, according to a report by Sputnik News Agency, US President Trump stated that the US has sold 100 million barrels of Venezuelan oil, which is being shipped to Texas for processing, and plans to double that number within the next month. Speaking at an event in Florida, Trump reportedly said, "We have a very good relationship with Venezuela. Weve sold 100 million barrels of oil. That oil is going to Texas and will be processed there. Weve already sold 100 million barrels, and well have another 100 million barrels in the next month."May 2nd - According to the China State Railway Group Co., Ltd., on May 1st, the national railway system transported 24.844 million passengers, setting a new record for single-day passenger volume, with transportation remaining safe, stable, and orderly. On May 2nd, the national railway system is expected to transport 19.7 million passengers, with 1,222 additional passenger trains planned. As of 8:00 AM on May 2nd, the 12306 railway ticketing platform had sold a total of 117.18 million train tickets for the May Day holiday.On May 2nd, officials from Japans Ministry of Economy, Trade and Industry confirmed that an oil tanker carrying Russian crude oil would arrive in Japan that day. This marks Japans first purchase of Russian crude oil since the deterioration of the situation in the Middle East. Sources indicated that this oil purchase is not subject to economic sanctions imposed on Russia by the United States and Europe.

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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