Day: February 18, 2021

German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation – Bitcoin News

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On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company decided to hedge with the leading crypto asset in order to protect the firm from further risk of euro and dollar devaluation. Synbiotic CEO: ‘Bitcoin Is the Exact Antithesis of Traditional Currencies’ A German cannabis company is joining the growing list of firms that are adding bitcoin (BTC)…

US Lawmakers to Question China’s Role in GameStop Pump

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U.S. lawmakers are set to question a trader named Keith Gill and the chief executives of Reddit and Robinhood about their roles in the GameStop frenzy at a congressional hearing later this week. But some have another concern: whether China is involved.  Several Republican lawmakers on the House Financial Services Committee plan to examine Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo, according to a Politico report. Moomoo is a wholly owned subsidiary of Futu Holdings, which is also backed by Tencent.  These Republicans are reportedly concerned…