EUR/USD 1.16054
-0.100%
Gold 4508.22
-0.767%
Oil 95.267
-1.973%
USD/JPY 159.162
0.116%
GBP/USD 1.34395
0.066%
GBP/JPY 213.893
0.184%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 24, Minister of Commerce Wang Wentao met with UNCTAD Acting Secretary-General Reno Mareno in Suzhou on May 23. Mareno was in China to attend the APEC Trade Ministers Meeting. The two sides exchanged views on the global economic and trade situation and deepening practical cooperation. Wang Wentao emphasized that the 15th Five-Year Plan outlines a grand blueprint for Chinas future development and makes important arrangements for expanding high-level opening-up, upholding the multilateral trading system, and practicing genuine multilateralism. China is willing to work with all parties, including UNCTAD, to jointly promote the building and maintenance of a fair, just, open, inclusive, and win-win international economic and trade order.According to Ukrainian media: Explosions have been heard again in Kyiv.On May 24th, Mehdi Tajé, president of the Iranian Football Federation, announced on the 23rd that, with FIFAs approval, the Iranian national football teams training base for the World Cup would be moved from the United States to Mexico. In a statement released to the media by the Iranian Football Federation, Tajé said that due to difficulties obtaining visas, the Iranian national team requested FIFA to change its World Cup training base from Tucson, Arizona, to Tijuana, Mexico, and that preparations in Tijuana have been completed. Tijuana is located on the US-Mexico border, approximately 20 kilometers from San Diego, a city in Southern California.May 24th - According to AXIOS, a US official revealed the main contents of the agreement that the US and Iran are about to sign. However, it remains unclear whether the agreement can lead to a lasting peace deal while also meeting Trumps nuclear demands. The US official stated that the White House hopes to resolve the final differences in the next few hours and announce the agreement on Sunday. However, this is not yet finalized. The official provided a detailed summary of the current draft, most of which has been confirmed by other sources close to the negotiations. Iran has not yet confirmed these details, but has also stated that an agreement is close to being reached. ① Main contents: The two sides will sign a memorandum of understanding, valid for 60 days, which can be extended by mutual agreement. During the 60-day period, the Strait of Hormuz will be open without tolls, and Iran agrees to clear its mines deployed in the strait to allow free passage for ships. In exchange, the US will lift the blockade on Iranian ports and issue some sanctions waivers, allowing Iran to freely sell oil. Iran hopes for an immediate unfreezing of funds and a permanent lifting of sanctions, but the US has stated that this will only be achieved after concrete concessions are made. ② Nuclear issue still pending negotiation: The US official stated that the draft memorandum of understanding includes Irans commitment to never seek nuclear weapons and negotiations on suspending its uranium enrichment program and clearing its stockpile of highly enriched uranium. Two sources familiar with the matter said that Iran, through mediators, verbally promised the US the range of concessions it was willing to make regarding suspending uranium enrichment and abandoning nuclear materials. US troops mobilized in recent months will remain in the region for 60 days and will only withdraw if a final agreement is reached. ③ Lebanon ceasefire: The draft memorandum of understanding also clarifies that the war between Israel and Lebanon will end. The US official stated that this will not be a "unilateral ceasefire," and Israel will be allowed to take action to stop Hezbollah if it attempts to rearm or incite attacks.Polish military: Military air operations conducted in Polish airspace in connection with Russian strikes in Ukraine have ceased. No violations of Polish airspace have been recorded.

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.

Suggestion