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June 5 - According to Iranian media reports on the 5th, the Iranian Navy fired warning shots at two US destroyers, driving them away from the Gulf of Oman.Ukrainian Navy: A Ukrainian Navy unmanned vessel was interfered with by Russia and lost control, drifting towards Romania. Ukraine has communicated with Romania to avoid casualties.Market news: Airbus has delayed deliveries of XLR aircraft to Air India due to supply chain disruptions caused by the war.Ukrainian President Zelensky: Ukraine has brought 185 people back from Russian captivity.On June 5, Xi Jinping, General Secretary of the CPC Central Committee and President of China, held talks at the Great Hall of the People with Thongloun Sisoulith, General Secretary of the Lao Peoples Revolutionary Party Central Committee and President of Laos, who was on a state visit to China. Xi Jinping put forward four points on advancing China-Laos relations and the building of a community with a shared future for both countries to a higher standard, higher quality, and higher level: First, adhere to the socialist direction. Second, consolidate the foundation of mutually beneficial cooperation. China is willing to strengthen strategic alignment with Laos and expand areas of cooperation. We should leverage the advantages of the China-Laos railway as a major transportation corridor, promote development along the route and implement "one-stop customs and inspection," and upgrade cooperation along the China-Laos Economic Corridor. We should accelerate the connection of the China-Laos-Thailand railway to achieve greater connectivity within the region as soon as possible. We should strengthen cooperation in traditional areas such as agriculture and electricity, and expand cooperation in emerging areas such as artificial intelligence and the digital economy. China is willing to continue to provide assistance to Laos to the best of its ability. Third, consolidate the traditional friendship between the two peoples. Fourth, strengthen coordination of foreign policies. After the talks, the two sides jointly witnessed the signing of cooperation documents in the fields of inter-party relations, peoples livelihood, finance, customs, trade and economic cooperation, youth exchanges, and media.

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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