EUR/USD 1.16209
-0.410%
Gold 4545.67
-2.292%
Oil 100.978
3.282%
USD/JPY 158.766
0.243%
GBP/USD 1.33180
-0.615%
GBP/JPY 211.449
-0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UAEs nuclear regulator stated that no radioactive leaks occurred following the Barakah nuclear power plant incident, and there is no risk to the public.On May 18, shipping giants CMA CGM and Hapag-Lloyd announced on Sunday that they had suspended all bookings to and from Cuba until further notice. Both companies cited a May 1 U.S. executive order, the latest blow to Cubas crisis-ridden economy. Two sources said the temporary suspension of new orders by the worlds two largest shipping companies could jeopardize up to 60% of Cubas freight volume. This comes after the U.S. oil blockade severely restricted Cubas fuel supply. The executive order signed by Trump on May 1 expanded existing U.S. sanctions on Cuban trade to include "any foreign person doing business in the energy, defense and related materials, metals and mining, financial services or security sectors of the Cuban economy, or any other sector of the Cuban economy."The Saudi Ministry of Defense stated that it has intercepted three drones launched from Iraq, which were shot down after entering Saudi airspace. It reserves the right to respond at the appropriate time and place.May 18 - A new poll released by Kyodo News shows that the approval rating for Japanese Prime Minister Sanae Takaichis cabinet has dropped 2.5 percentage points from the previous survey to 61.3%. Among the respondents, 70.6% expressed concern about potential disruptions to the supply of naphtha, a petroleum derivative.On May 18, the Liuzhou Earthquake Relief Headquarters in Guangxi issued a notice activating a Level III earthquake emergency response. The notice stated that a 5.2-magnitude earthquake occurred at 00:21 Beijing time on May 18, 2026, in Liunan District, Liuzhou City, Guangxi (24.38°N, 109.26°E), with a focal depth of 8 kilometers. The epicenter was located in Taiyangcun Town, Liunan District, 2 kilometers from the town center, 13 kilometers from the urban area of Liunan District, and 16 kilometers from the urban area of Liuzhou City. Significant tremors were felt in all areas. In accordance with the relevant provisions of the "Liuzhou Earthquake Emergency Plan," a Level III earthquake emergency response was activated from 01:00 on May 18. All relevant departments were required to enter emergency status and carry out earthquake relief work, including rescue and relief, emergency duty, information gathering, disaster investigation, and social stability maintenance.

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