Blockchain
Net Zero Markets to launch Global Carbon Emission Reduction contract with EEX and ACX
Net Zero Markets, a company dedicated to developing risk management, trading and investment products in the global environmental markets space, has signed agreements with the European Energy Exchange (EEX) and AirCarbon Exchange (ACX) to list the Global Emission Reduction (GER)®, Net Zero Market’s flagship contract – an innovative approach to address the pain points of the Voluntary Carbon Market (VCM).[1] The agreements with EEX – a leading exchange for carbon compliance schemes worldwide – and ACX – a pioneer in the VCM space, headquartered in Singapore – make the GER accessible across multiple time zones to global Voluntary Carbon Market (VCM) participants.
Thanks to the product’s innovative design, it will be appropriate for use by offsetters, offset retailers, project developers, investors and the wider trading community. Net Zero Markets believes widespread availability and use is critical to enable the increased liquidity necessary for the VCM to scale, ultimately supporting Net Zero targets.
The GER is built on the foundation of existing standards with appropriate overlays and innovative features that align with a path to Net Zero. The company expects the GER to be progressively listed on the exchanges and commence trading early in 2022.
Louis Redshaw, CEO of Net Zero Markets: “We are delighted to be working with EEX and AirCarbon on the launch of the GER. We have developed this product in conjunction with industry participants and believe its unique and innovative design will achieve the key goals of promoting liquidity and transparency to ensure funding flows to the projects that are needed to meet Net Zero.
While well-meaning companies have bought and retired carbon offsets to play their part towards achieving Net Zero, many more are either confused and put off by the complexity of the market or have found later down the line that their offsets are not as effective as they had been led to believe.
This has created a dynamic where companies and other offsetters need to become experts in the carbon markets to be able to do the right thing. Net Zero Markets firmly believes that this is a prime reason why the VCM has not reached its full potential. Consumers shouldn’t need to be experts. If effective offsetting and removal is to happen at scale, buyers need to have confidence and the products need to be simple and transparently priced. The GER is designed to deliver all of these things in line with the recommendations of the Task Force for Scaling the Voluntary Carbon Markets.[2] It is the perfect antidote to further fragmentation of the market.”
William Pazos, Managing Director of AirCarbon Exchange: “We are extremely excited to be working with the industry leading team at Net Zero Markets. Their wealth of experience in commoditizing emissions markets, coupled with our position as a leader in bringing commodity infrastructure to the carbon markets, has been instrumental in formulating the GER.
The process of creating the underlying spot GER architecture on ACX has been developed over a full year. We are now poised to deliver to the market a simple and elegant solution to the current pursuit of a core carbon contract. While many are trying to legislate a core contract, the GER creates this by delivering a broad-based solution in one contract.”
Tobias Paulun, Chief Strategy Officer of European Energy Exchange: “The voluntary carbon market can play a strategic role to achieve the Paris Agreement, complementing mandatory carbon pricing mechanisms. I am confident the GER represents the innovation that is needed and expected in the Voluntary Carbon Markets.
The GER is planned to be offered alongside our existing products for carbon compliance markets in Europe at EEX but also in North America at Nodal Exchange, thus making them accessible to our global trading community.
An integrated offering for carbon markets, with both Spot and Futures instruments available, is key to bring the necessary liquidity to the market and scale up the VCM. We are excited to build this new market, together with our partners at NZM and ACX, but also with our customers.”
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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