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Federal Reserve Governor Bowman will participate in a fireside chat in ten minutes.On August 9th, it was reported that the Trump administration is intensifying pressure on Florida oil tycoon and Republican donor Harry Sargent III to divest his assets in Venezuela. According to sources, the U.S. Treasury Department froze assets of Sargents offshore company involved in Venezuelan oil production projects on Friday. Simultaneously, the Treasury Department has issued a license allowing him to liquidate his stake in the company. Sargent served as a key secret communication channel between Washington and Caracas during years of heightened tensions between the U.S. and Venezuela, accumulating significant influence on both sides. He frequently visited Trumps Mar-a-Lago resort and the Venezuelan presidential palace, regularly meeting with former President Maduro and other high-ranking officials detained by the U.S. military. He used this special channel to relay information between the U.S. and Venezuela and helped facilitate the release of detained U.S. citizens in 2025. Simultaneously, he also developed deals in Venezuela, a country most oil companies avoid due to political risks and sanctions.US Vice President Vance: Iran has informed the United States that it will allow the maximum flow of oil through the Strait, but we do not trust them.US Vice President Vance: The United States will continue to exert pressure on Iran.A spokesperson for the Yemeni Armed Forces stated that operations were launched against the Houthi rebels and their affiliated militias.

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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