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Mayor of Kyiv: Air defense forces are countering enemy drones in the capital.On September 22, according to foreign media reports, MASNA Ventures, Saudi Arabias first venture capital fund focused on the defense sector, is seeking to increase its investment in the localization of defense technology production for the United States and its allies. The recent conflicts in the Gulf region have exposed the regions shortcomings in military capabilities, further accelerating this process. MASNA Ventures has applied to the Saudi Capital Markets Authority to increase its fund size cap from $100 million to $150 million. MASNA focuses on autonomous systems, including drones, unmanned surface vessels, and unmanned underwater vehicles. MASNA plans to launch three operating joint ventures and six capital investments by 2026.September 22 – A survey released Tuesday by the Confederation of British Industry (CBI) showed that UK factory orders rose to their highest level since July 2023. The CBIs monthly order balance rose to -9 in September from -25 in August, a cumulative increase of 36 points over the past two months, the largest two-month increase since records began 49 years ago. The report further indicates that the UK economy has recently demonstrated resilience, while manufacturing output has also achieved solid growth. CBI Senior Economist Cameron Martin said: "There are increasing signs that the operating environment for manufacturers is stabilizing." The surveys expectations for output in the coming months also improved, with the expected price index rising to 12 from 22 in August, the highest level since March this year.The UKs September CBI industrial price expectations balance was 12, compared to 22 in the previous month.The UKs CBI industrial orders balance for September was -9, compared to -25 previously.

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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