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On September 13th, it was reported that the summit originally scheduled for July 22nd, aimed at finalizing a reset agreement for the UK-EU relationship after Brexit, was postponed. The two sides subsequently quietly set the meeting date for November 6th. However, the Financial Times, citing two EU officials, stated that this date has now been postponed again, and the earliest it could be reached is the end of November. British officials insist that the summit should discuss new British Prime Minister Andy Burnhams concerns about the "Make in Europe" plan. This plan proposes prioritizing spending by some public sector and businesses on purchasing EU-made products, a move the British government fears will negatively impact British industries such as automobiles and chemicals.According to IRNA, sources say that sirens were sounded and explosions were heard in the southern Saudi city of Khamis Mushait and Abha.Saudi Arabias Civil Defense: The danger alert for the Khamis Mushait region has been lifted.On September 13, Wang Yi stated that the visit was pragmatic, efficient, precisely targeted, and fruitful, achieving complete success and realizing three strategic goals. First, it enhanced the effectiveness of BRICS cooperation. Twenty years ago, Brazil, Russia, India, and China held their first foreign ministers meeting during the UN General Assembly, marking the beginning of BRICS cooperation. Guided by the BRICS spirit of openness, inclusiveness, and win-win cooperation, the BRICS countries transformed their differences into a driving force for mutually beneficial cooperation, regarding their individual successes as the cornerstone of common development, forming a comprehensive and multi-layered cooperation framework, and becoming a veritable leading force in the Global South and the primary platform for South-South cooperation. Second, it empowered the Global South. The rise of the Global South is a clear sign of the great changes in the world. At the same time, the current international governance system is not adapted to the changing times; the representation and voice of the Global South countries are severely insufficient, and their legitimate demands have not received due attention. This imbalance has not only hindered the pace of development of developing countries but also weakened the international communitys ability to work together to address common challenges. The world expects BRICS countries to better represent and safeguard the common interests of the Global South and play a greater role in reforming and improving global governance. Thirdly, it guides China-India relations. Following the Kazan and Tianjin meetings, President Xi Jinping and Prime Minister Modi held another bilateral meeting, which attracted widespread international attention. Under the strategic guidance of the two leaders, China-India relations have gradually emerged from their low point, moving from a "restart" to a "re-elevation," with cooperation lists continuously expanding, trade volume reaching new highs, and people-to-people exchanges becoming more active. The improvement and development of China-India relations is not only welcomed by the more than 2.8 billion people of both sides, but is also an essential aspect of strengthening cooperation in the Global South.Saudi Arabias Civil Defense has issued an emergency alert to Khamis Mushait and Abha, warning residents of potential dangers.

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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